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paysense personal loan

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Mode of Process Online
Location PAN India
Lending Size and Tenure 5,000-10Lacs (3 Months to 60 Months)
ROI 14% to 24%
ROI (Fixed/Reducing) Reducing
Foreclosure As per Policies
Processing Fees 3%
Partial Payment Allowance No
Dealing in Unsecured OD No
USP Funding to All Profile whether Employee of Proprietorship firm/Partnership firm or Company


Instant personal loans from PaySense can help you make all kinds of purchases. Whether you want to buy a house, take that long overdue vacation, or just about anything else, with the help of our flexible loan terms and easy EMI repayment process, you can have your instant personal loan approved in a jiffy. The average salary individual is not blessed with enough money to meet emergencies. If you are also in the same bind, then you can take comfort from PaySense which offers instant personal loans at low-interest rates, flexible tenures, and easy EMI repayments. With PaySense Instant personal loans are incredibly simple to avail for both salaried professionals as well as self-employed businessmen.

Here are a few factors about PaySense Personal Loans

Mode of Process Online
Location PAN India
Lending Size and Tenure 5,000-10Lacs (3 Months to 60 Months)
ROI 14% to 24%
ROI (Fixed/Reducing) Reducing
Foreclosure As per Policies
Processing Fees 3%
Partial Payment Allowance No
Dealing in Unsecured OD No
USP Funding to All Profile whether Employee of Proprietorship firm/Partnership firm or Company


Eligibility
1. The age of the applicant should be between 22 to 57
2. The min. salary of the applicant should be 20,000 in Metro cities & 18,000 Rest
3. The min. Employment should be 3 months of continuous salary
4. Minimum CIBIL score has to be 700

Documents Required
1. KYC of Applicant (PAN+Passport Size Photo+Adhar Card)
2. Last 3 Month Salary Bank Statement in PDF
3. Last 3 Month Salary Slip if Salary is received by Cheque
4. Ownership Proof Latest Utility Bill (If rented then rent agreement)
5. Copy of Cancel Cheque of Salary Account or Passbook front page

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 1% - 5% 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

Have a question? We've got answers!

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.

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