PaySense is an instant loan provider, and you can get instant personal loans using your phone or laptop and payback on low EMIs so that you can afford all your needs and dreams.
Moreover, they provide a Doorstep collection of documents – sign and hand over the appropriate documents to the courier. You get timely reminders and automatic payments with an easy-to-manage EMI plan.
Below are the types of loans they offer:
- Personal Loan: Salaried Loan, Instant Personal Loan, and Self Employed Loan;
- Vehicle Loan: New and Used Car Loan, and Two Wheeler Loan;
- Consumer Loan: Consumer Durables Loan, Camera Loan, Mobile Loan, Laptop Loan, Washing Machine Loan, Television Loan, Fridge Loan;
- Other Loans: Marriage Loan, Medical Emergency Loan, Travel Loan, Home Improvement Loan, Short Term Loan, Unsecured Loan, Quick Loan, Small Business Loans for Women, 12 Month Loans, Low Salary Loan.
PaySense Loan App
PaySense Loan app is the solution to your instant money requirement. It is a good loan app from where everyone can get a personal loan on required documents on time. PaySense instant personal loan can be used for various purposes, such as weddings, travel, medical emergency, home improvement, etc.
Documents Required For PaySense Personal Loan
- Proof of Identity (PAN Card or Aadhaar Card);
- Proof of Address (Aadhaar card, Rental agreement, Utility or Postpaid bills);
- Proof of Income (Last 3 months bank Statements);
- A Selfie.
Why One Should Trust Paysense App?
It is important that we should have trust on the company before applying for any credits. Paysense has leading investors who are established nationally as well as internationally. Following are some important investors of Paysense.
- NEXUS venture partners, NASPERS, JUNGLE ventures, VC;
- Paysense is in partnership with IIFL and Fullerton India and has been in news with Inc42, Business Standard, ETRISE.com;
- It gives loans to 43 cities in India;
- There is a total of 900 branches all over India with 2,250 service locations;
- Above 35 lakh happy customers with more 650 crores loan disbursed;
- More than 3 million downloads on Play Store.
Procedure To Loan From Paysense App?
It is very simple and easy to get a loan from Payments. Follow the below-given steps:
First of all Download Paysense Loan app – You will identify a button at the end of this article that will transfer you to PaySense. Now install and open the app and simply click on Get started.
There you need to give some permission to Paysense app such as Location, Media access, Contact, etc.Click on Create account button, Now you have to enter your details such as Name, DOB, Gender, Mobile Number, Email, Employment details, PAN, etc.
Finally, click on the submit button and it will verify your account with OTP.You will now get a line of credit. Line of credit is basically the amount that Paysense will provide you after analyzing your details. After this, you can choose the credit amount and EMI plan for repayment.
Upload your documents online for KYC. You will be asked to sign a loan agreement. Now, you have to fill a NACH form which will automatically deduct the repayment amount as per the EMI plan selected by you.
You will get loan approval within 2 hours. After this, your loan amount will get credited into your bank account instantly.
Fees and charges for PaySense short-term loan
Late payment charges: If you pay late payment then you need to pay a fee of Rs.500 + 18% GST = Rs.590 if an EMI is not paid on time.
Processing fee: Users need to pay a processing fee of up to 2.5% of the loan amount. The standard GST is also applied over the processing fees.
Foreclosure charges: Foreclosure of the loan can only be requested after the successful payment of the first 3 EMIs. The customer must need to pay an additional 4% charge on the principal outstanding at the time of foreclosure.
Let’s apply for your loan?
Click on the button below, and we will direct you.
