
Here are a few factors
Location | PAN INDIA |
CIBIL Score | 700+ |
Minimum Salary Per Month | 18000/-Per
Month 20000/- Metro City Per Month |
Salary Mode | NEFT,RTGS,IMPS if Company Name Mention, CHEQUE &COMPANY TRANSFER |
Applicant Age | 22 Year to 57 Year |
Loan Amount & Tenure | 50000
to 10 Lac (6 Month to 60 Month) |
Rate of Interest (Type) | 18% to 22% (Reducing) |
Processing Fees | 1% - 3% |
Processing Mode & TAT | Processing: Online TAT: 5 Min to 48 Hour |
Foreclosure Charges | As per Policies Generally 1% - 4% |
Part Payment Allowed | Allowed |
OD Product | NO |
BT+TopUp | Yes |
Minimum Job Experience | 3 Month |
Current Employer Business Vintage | 6 Month |
FOIR | 65% of Net Salary |
Whether Co-Applicant Mandatory | No |
No of Enquiry Allowed | Maximum 5 in last 3 month |
USP | 1.
Funding to All Employee 2. 3 Month Salary in accounts in Continuation 3. Payslip not required |
Negative Profile | 1.Applicant
receiving Salary through UPI or Cash Mode 2. Funding to Pensioner 3. Overobligaion Customer 4. Any person who is director in any company having shareholding>5% 5. Applicant having Overdue in their CIBIL 6. Single name applicant |
Additional | 1.The
applicant who have applied before can re-apply after 30 days 2. If applicant is having single name mention his father name for last name |
paysense personal loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
Loan Amount | ₹100,000 |
Interest % | 18 % |
Tenure (months) | 12 |
Emi (monthly) | ₹ 9,168 |
Total Interest | ₹ 10,016 |
Loan Amount + Interest | ₹ 110,016 |
Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
₹ 23,351 | ₹ 4,153 | ₹ 27,504 | ₹ 76,649 | 23.35 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
₹ 76,651 | ₹ 5,861 | ₹ 82,512 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Required Documents to Apply for Paysense Personal Loan
-
KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
-
Last 3 month Bank Statement in PDF
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Rent Agreement if rented or Utility Bill if residence is owned
About PaySense Personal Loan
PaySense provides personal loans for amounts ranging from 5,000 to 5 lakh rupees at monthly interest rates of 1.4% to 2.3%. It offers quick personal loans with flexible EMI alternatives to salaried and self-employed individuals. Borrowers can submit their KYC papers and electronically sign their loan applications as part of the NBFC's paperless documentation process. People with no credit history, or those who have never gotten a loan or credit card before, can also get personal loans through PaySense.
Paysense provides personal loans for the purchase of consumer durables such as smartphones, cameras, laptops, televisions, washing machines, and refrigerators.
Save Your Time with a Simple Loan Process

Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Let us take an example, How EMI is being calculated
For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee 2% of the disbursed amount + GST of loan amount may apply. T&C apply.Year | Principal (A) |
Interest (B) |
Total Payment (A + B) |
Balance | Loan Paid To Date |
---|---|---|---|---|---|
2022 | ₹ 11,363 | ₹ 5,969 | ₹ 17,333 | ₹ 88,637 | 11.36% |
Aug | ₹ 2,217 | ₹ 1,250 | ₹ 3,467 | ₹ 97,783 | 2.22% |
Sep | ₹ 2,244 | ₹ 1,222 | ₹ 3,467 | ₹ 95,539 | 4.46% |
Oct | ₹ 2,272 | ₹ 1,194 | ₹ 3,467 | ₹ 93,267 | 6.73% |
Nov | ₹ 2,301 | ₹ 1,166 | ₹ 3,467 | ₹ 90,966 | 9.03% |
Dec | ₹ 2,329 | ₹ 1,137 | ₹ 3,467 | ₹ 88,637 | 11.36% |
2023 | ₹ 30,332 | ₹ 11,266 | ₹ 41,598 | ₹ 58,305 | 41.70% |
Jan | ₹ 2,359 | ₹ 1,108 | ₹ 3,467 | ₹ 86,278 | 13.72% |
Feb | ₹ 2,388 | ₹ 1,078 | ₹ 3,467 | ₹ 83,890 | 16.11% |
Mar | ₹ 2,418 | ₹ 1,049 | ₹ 3,467 | ₹ 81,472 | 18.53% |
Apr | ₹ 2,448 | ₹ 1,018 | ₹ 3,467 | ₹ 79,024 | 20.98% |
May | ₹ 2,479 | ₹ 988 | ₹ 3,467 | ₹ 76,545 | 23.45% |
Jun | ₹ 2,510 | ₹ 957 | ₹ 3,467 | ₹ 74,036 | 25.96% |
Jul | ₹ 2,541 | ₹ 925 | ₹ 3,467 | ₹ 71,495 | 28.51% |
Aug | ₹ 2,573 | ₹ 894 | ₹ 3,467 | ₹ 68,922 | 31.08% |
Sep | ₹ 2,605 | ₹ 862 | ₹ 3,467 | ₹ 66,317 | 33.68% |
Oct | ₹ 2,638 | ₹ 829 | ₹ 3,467 | ₹ 63,679 | 36.32% |
Nov | ₹ 2,671 | ₹ 796 | ₹ 3,467 | ₹ 61,009 | 38.99% |
Dec | ₹ 2,704 | ₹ 763 | ₹ 3,467 | ₹ 58,305 | 41.70% |
2024 | ₹ 35,208 | ₹ 6,390 | ₹ 41,598 | ₹ 23,097 | 76.90% |
Jan | ₹ 2,738 | ₹ 729 | ₹ 3,467 | ₹ 55,567 | 44.43% |
Feb | ₹ 2,772 | ₹ 695 | ₹ 3,467 | ₹ 52,795 | 47.20% |
Mar | ₹ 2,807 | ₹ 660 | ₹ 3,467 | ₹ 49,988 | 50.01% |
Apr | ₹ 2,842 | ₹ 625 | ₹ 3,467 | ₹ 47,147 | 52.85% |
May | ₹ 2,877 | ₹ 589 | ₹ 3,467 | ₹ 44,270 | 55.73% |
Jun | ₹ 2,913 | ₹ 553 | ₹ 3,467 | ₹ 41,356 | 58.64% |
Jul | ₹ 2,950 | ₹ 517 | ₹ 3,467 | ₹ 38,407 | 61.59% |
Aug | ₹ 2,986 | ₹ 480 | ₹ 3,467 | ₹ 35,420 | 64.58% |
Sep | ₹ 3,024 | ₹ 443 | ₹ 3,467 | ₹ 32,397 | 67.60% |
Oct | ₹ 3,062 | ₹ 405 | ₹ 3,467 | ₹ 29,335 | 70.67% |
Nov | ₹ 3,100 | ₹ 367 | ₹ 3,467 | ₹ 26,235 | 73.76% |
Dec | ₹ 3,139 | ₹ 328 | ₹ 3,467 | ₹ 23,097 | 76.90% |
2025 | ₹ 23,097 | ₹ 1,169 | ₹ 24,266 | ₹ 0 | 100.00% |
Jan | ₹ 3,178 | ₹ 289 | ₹ 3,467 | ₹ 19,919 | 80.08% |
Feb | ₹ 3,218 | ₹ 249 | ₹ 3,467 | ₹ 16,701 | 83.30% |
Mar | ₹ 3,258 | ₹ 209 | ₹ 3,467 | ₹ 13,443 | 86.56% |
Apr | ₹ 3,298 | ₹ 168 | ₹ 3,467 | ₹ 10,145 | 89.86% |
May | ₹ 3,340 | ₹ 127 | ₹ 3,467 | ₹ 6,805 | 93.19% |
Jun | ₹ 3,381 | ₹ 85 | ₹ 3,467 | ₹ 3,424 | 96.58% |
Jul | ₹ 3,424 | ₹ 43 | ₹ 3,467 | ₹ 0 | 100.00% |
FREQUENTLY ASKED QUESTIONS
The minimum CIBIL score required for a Paysense personal loan must be 700.
The minimum salary of the applicant for a Paysense personal loan should be at least Rs.20,000 in Metro cities & Rs. 18,000 in the rest of the cities.
While applying for the personal loan with Paysense, you would need to submit proof of identity (Adhaar card / PAN card), proof of your address (Adhaar card, utility bill, or rental agreement, a proof of your income (bank account statement), and one photograph. Once this documentation gets approved, Paysense approves the personal loan within a few hours and disburses the funds within a few days.
No, PaySense allows you to cancel the personal loan once the money is deposited into your bank account.
Yes, PaySense allows you to apply for another personal loan even if you already have one. However, that gets approved based on your credit.
You can avail of a personal loan of up to 10 lakh from PaySense.
PaySense is a personal
loan app that provides instant loans to individuals ranging from ₹50,000 to
₹10,00,000. The loans come with attractive interest rates, flexible repayment
options and the convenience of applying through a mobile app or website.
Yes, taking out a loan
from PaySense is completely safe. PaySense places a high emphasis on the
security of its customers' personal and sensitive information, which is
encrypted and protected by SSL protocol. Additionally, PaySense does not share
its customers' information with any third-party marketing agencies or
associates.
Yes, PaySense is a
registered Non-Banking Financial Company (NBFC) with the Reserve Bank of India
(RBI) and has partnerships with leading credit bureaus such as TransUnion CIBIL
to ensure the safety and reliability of their services.
To get a loan from
PaySense, you will need to provide some basic information such as your personal
details, employment details, and bank details. You will also need to upload
some supporting documents such as a government-issued ID, a bank statement, and
a recent photograph.
The interest rate for
personal loans from PaySense can vary between 18% and 22% per annum, depending
on the borrower's eligibility and repayment capacity.
When evaluating a home
loan application, banks consider a range of factors, including the applicant's
age, income and job stability, debt-to-income ratio, credit score, number of
dependents, the financial health of co-borrowers, and other factors.
Yes, getting a loan from
PaySense can impact your credit score. Making your loan payments on time can
help improve your credit score, while missing payments or defaulting on the
loan can decrease your credit score. PaySense does consider loan applications
from people who do not have a credit history.
Once you have submitted
your required documents and completed the loan application process, the
PaySense team and its lending partners will review your information. The
verification process typically takes up to two business hours, and you can
check the status of your loan application through the PaySense app.
No, there are no hidden
charges when taking out a loan from PaySense. All charges, including the
interest rate, loan processing fee, late payment penalty, and foreclosure
charge, are fully disclosed in the loan agreement.
Yes, it is possible to
take out multiple loans from PaySense, provided that the total loan amount is
within your approved credit limit.
Yes, you and your spouse
can apply for a personal loan together. This can increase the amount of credit
available to you.
To calculate your
PaySense loan EMI, you can either use a manual calculation using a formula or
use the EMI calculator provided by Refer Loan. To use the manual calculation,
you need to enter the loan principal amount, rate of interest and repayment
tenure in the formula [P x R x (1+R)^N]/[(1+R)^N-1]. Using the EMI calculator,
you simply need to enter a few details and you will get an instant result. This
helps you understand the affordability of the loan and make sure that your
monthly repayments are manageable.
PaySense is a mobile
loan app that offers personal loans ranging from Rs 50,000 to Rs 10 lakh.
To be eligible to apply
for a PaySense loan, both salaried and self-employed individuals must have a
minimum monthly income of Rs. 18,000.
PaySense offers
personal loans at an annual percentage rate (APR) of 18% to 22%.
To be eligible for
a loan from PaySense, you must be a resident of India, between the ages of 22 and 57, have a minimum monthly income of Rs 18,000 for non-metro cities and
Rs 20,000 for metro cities, and live in one of the 180+ cities supported
by PaySense.
You can make a payment
for your PaySense loan through the PaySense app or on their website using a
debit card or net banking. There may be an extra payment gateway charge for
using PayU's gateway services.
To close your
PaySense account, you need to send an email to their customer service team and
complete a pre-closure form with all the necessary information.
PaySense charges a
processing fee of up to 3% of the loan amount, plus standard GST.
Yes, you can foreclose
your PaySense loan after paying three EMIs, but there will be an additional
foreclosure charge of 4% levied on the remaining principal amount.
No, it is not possible
to cancel or modify a loan application once it has been submitted. It's crucial
to thoroughly review all the information before submitting to ensure accuracy
and avoid any inconvenience.
Foreclosing a loan
can have a major negative impact on your credit score and affect your ability
to obtain future loans.
Yes, PaySense does
check the CIBIL score of loan applicants, and it is recommended that your score
is 700 or above.
PaySense offers personal
loans ranging from Rs 50,000 to Rs 10 Lakhs with interest rates of 1.5% to 1.84%
per month and flexible repayment options ranging from 6 to 60 months.
PaySense is owned
by PayU, which is part of Prosus and majority-owned by Naspers.
PaySense is a good
option for getting instant loans because their loan process, from
identification to disbursal, is truly instant. They also have a user-friendly
interface to ensure a quick and smooth loan process.
Yes, PaySense is
registered with the RBI as a Non-Banking Financial Company (NBFC).
PaySense is a legitimate
app that provides personal loans to eligible borrowers. You can apply for a
loan of up to Rs. 10 lakhs with attractive interest rates, no collateral
required, and flexible repayment options.
You can easily make your
PaySense EMI payments through the PaySense app or by visiting their website at www.gopaysense.com/pay. Simply click on the "Pay Now" button
and enter the amount you need to pay. You can make payments using either a
debit card or net banking.
No, PaySense and LazyPay
are two different services. PaySense provides personal loans to both salaried
and self-employed individuals, while LazyPay only provides loans to salaried
individuals.
PaySense provides
instant personal loans ranging from ₹50,000 to ₹10,00,000, with Annual Percentage
Rates (APRs) ranging from 18% to 22% based on a reducing balance. Loan tenures
range from 6 to 60 months. You can use the EMI calculator available on the
PaySense app or website to calculate your monthly payments
Yes, PaySense has teamed
up with TransUnion CIBIL to give you access to your CIBIL credit score.
No, PaySense is based in
Mumbai and was founded in 2015. It is a financial services startup backed by
venture capital.
Pre-EMI is a term used
when the full loan amount is not disbursed. In these cases, you only need to
pay the interest on the disbursed amount. EMI (Equated Monthly Installments)
typically includes both the interest and principal repayment amounts, but with
pre-EMI, only the interest component is paid.
If you are eligible for
a loan, PaySense offers instant approval for loans ranging from Rs. 50000 to Rs. 10 lakhs. The approval process can be completed in as little as 2 hours!
PaySense charges a
processing fee of up to 3% of the loan amount. The processing fee is subject to
standard Goods and Services Tax (GST).
To get a loan from
PaySense, you will need to provide some basic information such as your personal
details, employment details, and bank details. You will also need to upload
some supporting documents such as a government-issued ID, a bank statement, and
a recent photograph.
To apply for a loan with
PaySense, you'll need to download the mobile app and upload your documents
digitally. This includes an Aadhaar card or PAN card for identity verification,
a bank statement for proof of income, and a photograph. If you provide all the
necessary documents, the approval process should be quick and hassle-free.
No, your monthly payments on a PaySense personal loan will not change. PaySense offers fixed-rate personal loans, meaning that your monthly payment will remain the same for the entire loan term.