Avail a loan amount ranging between Rs.5,000 to Rs.5 lakh with rates of interest ranging between 18.0% and 36.0% p.a. The repayment tenure is also flexible and will depend on the loan amount availed by you up to 5 years.

If you are just starting out in your job and is in need of a loan, you can avail one from PaySense as the NBFC allows you to apply for one even if you do not have a credit score. You can also apply for a loan from PaySense even if you do not have a great credit score. However, it is always recommended that you do maintain a good credit score so that you can avail a personal loan at a lower interest rate.

Paysense Instant Personal Loan Details

Interest RateProcessing FeesForeclosure/Prepayment ChargesLate Payment Charges
18% to 36%2% - 3% + applicable taxes4% on the principal outstanding (allowed only after first 3 EMIs)Rs.500 plus applicable taxes

Features of Instant Personal Loan from Paysense

  • You can avail loan amounts ranging between Rs.5,000 to Rs.5 lakh.
  • Paysense offers personal loans to people with low or no credit history.
  • The required documents will be collected from your doorstep.
  • When you apply for subsequent loans, you will be asked no documentation.
  • The EMI plans are easy to manage and comes with payment reminders and auto-debit features.
  • The loan approvals and disbursals are quick.

Eligibility Criteria for Instant Personal Loan from Paysense

  • You should be a resident of India
  • You should be aged between 21 years and 60 years of age
  • You should either be salaried or self-employed
  • If you are a salaried individual, your monthly income should be at least Rs.12,000
  • If you are self-employed, your monthly earnings should be at least Rs.15,000

Documents Required to Avail Instant Personal Loan from Paysense

Identity ProofAadhaar card, passport, PAN card
Address ProofRental agreement, Aadhaar card, passport, utility or postpaid bills
Income ProofLast 3 months bank statements
PhotographA selfie

How to Avail an Instant Personal Loan from Paysense

Availing a personal loan from Paysense is simple, hassle-free, and involves just 3 steps. The steps have been explained below:

  1. Check your eligibility and select a loan plan
  2. Get an idea of how much loan amount you are eligible for by filling in a few basic details of yourself. Paysense calls it the line of credit. You are advised to avail a maximum of 50% of your approved limit to manage your EMIs better. Once you decide the amount of loan you wish to avail, you can choose the loan tenure and the plan.

  3. Upload your Know-Your-Customer documents
  4. To complete the loan application process, you will need to upload your KYC documents such as ID proof, address proof, etc. Once you have done that, you must sign a NACH form loan agreement. The NACH form will enable your EMIs to be deducted from your bank account automatically. This entire process is paperless and once the documents upload is complete, you will receive an approval within 2 business hours.

  5. Receive money in your account
  6. Prior to your loan being approved and the application process being completed, the loan amount will be transferred to your account almost instantly.


  1. Does Paysense have a mobile application that I can download on my smartphone?
  2. Yes, the mobile application of Paysense is available on Google Play (Android) to download on your smartphone. Once you download the app, you can apply for an instant personal loan through the app itself. Unfortunately, the app is not available for download on iOS and Windows platforms.

  3. How does Paysense decide my credit line?
  4. Your credit line will be decided based on the details you provide to Paysense such as your income, profile, bank statements, etc.

  5. How do I repay my loan availed from Paysense?
  6. The EMI for the personal loan you availed from Paysense will be auto-deducted for all those users who have an active National Automated Clearing House (NACH) status. For the others, a customised link will be sent to their Paysense account which can be used to pay their EMI.

  7. Can the EMI date be rescheduled?
  8. Unfortunately, the EMI date for your personal loan from Paysense cannot be rescheduled. At the moment, the EMI due date is fixed at the 3rd of each month.

  9. How do I foreclose my loan?
  10. You can foreclose the loan availed from Paysense only after you have made the first 3 EMI payments by emailing the request to along with your account details.

  11. I have finished repaying my personal loan availed from Paysense. How do I obtain a No-Objection Certificate (NOC)?
  12. After you have repaid your loan successfully, you can email the customer care team at Paysense at to obtain a NOC. Do not forget to include the details of your registered account in the email.

  13. How safe are my internet banking details?
  14. Paysense does not store any information of yours and hence, has no access to your details. So, you not have to worry about your details being disclosed to anyone. Paysense requires your internet banking details simply to do a verification of your income with the help of your bank statements. The information provided by you through the app is encrypted and kept secured through SSL protocol.

  15. I uninstalled the Paysense app after checking my credit line. If I wish to apply for a loan, do I have to start afresh?
  16. The Paysense app will allow you to login and continue your loan application from where you had left if you install it within 2 months of you checking your credit line. However, if you install the app after 2 months, you may have to start over and fill in your details again to get a new credit line as the credit line may get reassessed.

  17. Who are the partners of Paysense?
  18. At the moment, Paysense has partnered with Fullerton and India Infoline to offer personal loans to salaried and self-employed applicants.

  19. How do I get in touch with the Paysense team in case I have any query or need assistance?
  20. You can email the team of Paysense at if you have any query/request. Make sure that you email them from your registered email ID and provide information such as your KYC details, your registered phone number, etc., for quick assistance.

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