What is PaySense?
We
help Indian consumers finance their personal needs and purchases.
Customers can conveniently apply for a personal loan on our App and get
money in their bank account on the same day!
If you have been
delaying important life events such as renovating your house or going on
a Holiday, or buying a Smartphone, Laptop or Bike, home appliances, or
have an emergency medical need then PaySense is for you! If you want to
gift something to your wife, or pay children's school fees or have
medical procedures to pay for your parents, try PaySense!
How is PaySense different from others?
We are super easy and fast - Applying for a loan on our app is as easy as chatting with a friend
We are flexible - We understand your needs, take as much as you need and repay as per your convenience
We
are super fast - It takes ten minutes to apply and five hours to get
money in your bank. Some customers get their money in 5 minutes! They
have linked their mobile to their Aadhaar and can get the money in this
super fast way!
We are affordable - Our interest rates are reasonable and easy on your pocket
We are transparent - We keep you informed at every step of your loan application
Who can avail a Loan from PaySense?
Salaried
employees who get paid via direct bank account transfer or cheque
deposited to bank account (not in cash). Salary greater than Rs. 15,000
per month.
Age limit 21 to 60 years.
What documents are required?
PAN Card
Aadhaar Card
Address Proof (permanent or current/rented address)
Bank e-Statement (PDF format)
What’s the amount I can apply for?
You can apply for any amount between Rs 5,000 and 2 Lakhs
Which cities does PaySense cater to?
We
serve all major cities - Bangalore, Chennai, Mumbai, Delhi (NCR -
Gurgaon, Faridabad, Ghaziabad & Noida), Vadodara, Ahmedabad,
Chandigarh, Pune, Thane, Navi Mumbai, Guntur, Nagpur, Jaipur,
Secunderabad, Hyderabad, Coimbatore, Visakhapatnam, Gandhinagar, K V
Rangareddy, Kolkata, Mohali, Zirakpur, Panchkula. We are launching new
cities every week.
How quickly can I get my loan money?
If
you have your mobile number linked to Aadhaar (for eSigning your
documents), then you can get a loan in less than 5 hours! Don't have it
linked? Don't worry! We'll get your documents signed at your doorstep
and process your loan application in 3-4 working days.
Now, when you
need a second loan, you just have to enter the amount you need and click
on Apply. The amount gets disbursed immediately!
What are the minimum and maximum tenure of the personal loans?
The minimum tenure is 3 months and the maximum is 24 months. The customer can see their individual custom plans in the app.
What are the interest rates on these loans?
Interest
varies from 16.8% per annum to 28% per annum. The interest rates depend
on customers risk profile and loan tenure. For example, on a loan of
Rs. 10,000 for 6 months your EMI will Rs. 1809 and the total interest
you will pay is Rs.857
Will you be collecting my Data, and how secure will it be?
We
gather information to personalise your experience and quickly
understand how much we can lend to you. This information includes your
contacts and location. We are a tech first company. This means we have
all the necessary infrastructure in place that ensures your information
is very secure.
Ready to Get Started? Just go to the top and Click on Install.
