PaySense Loan
11 Key Aspects You Should Know To Apply

paysense loan- 11 key aspects you should know to apply


PaySense loan is offered by Paysense which is a digital lending platform that collaborates with registered NBFCs and banks to facilitate money lending. These NBFCs/Banks are regulated and registered with the Reserve Bank of India (RBI). 

PaySense offers instant loans, personal loans, 4-wheeler and 2-wheeler loans, consumer durable loans, student and education loans and many more. It targets Low-income individuals who need more credit history by offering loans from 5,000 up to 5,00,000 at attractive interest rates, Affordable EMI and flexible repayment tenures. You can apply for a loan by accessing their website or downloading the Paysense Loan app.

In my Blog Post, I have highlighted 11 key aspects you should know before applying for Paysense Loans.

Table of Contents

PaySense Loan

PaySense offers various types of loans to cater to your different needs. Loan amounts range from 5,000 up to 5,00,000 with Flexible Repayment Tenures from 3 to 60 months.

PaySense offers the following Loan types :

paysense personal loans
Paysense vehicle loans
paysense consumer loan
paysense other loan

Note : You can apply for these loans by logging on to the PaySense website at

PaySense Loan Key Features

PaySense offers various features and benefits on its loans. These features are user-friendly and are aimed to simplify your loan application process.

The Key Features are :

Key Features :
  • 24 x 7 Availability
  • Quick Approvals and Disbursals
  • Paperless documentation
  • Attractive Interest Rates
  • Affordable EMI Plans
  • Zero credit History
  • One-click subsequent Personal Loans

PaySense Loan Eligibility

To be eligible for a loan from PaySense, you need to fulfill the following eligibility criteria :


PaySense Loan Documents

The following documents are needed to apply for a PaySense Loan :

Documents Required Description
Proof Of Identity A Selfie (High Resolution Photograph) and PAN card
Proof of Address Aadhar Card/Voter ID Card/Passport/Driving License/Utility Bills (not more than 3 months old)
Proof Of Income Net Banking /Bank e-statements(Last 3 months)

PaySense Loan Interest Rate

PaySense offers competitive interest rates to its borrowers. The Interest rates for a loan from PaySense are:

Description Interest Rates
Rate of Interest 1.4% to 2.3% per month.
Annualized Interest Rate (APR) 6% to 36% including compounding and other fees on reducing balance basis

Note : The final rate of Interest charged will depend on your creditworthiness, monthly income, job profile and the profile of your employer if you are a salaried individual.

PaySense Loan Fees And Charges

Description Fees And Charges
Processing Fees Up to 2.5% of The Loan Amount
Foreclosure Fees 4% of the Principal outstanding at the time of Foreclosure
Late Payment Fees ₹500 + GST

PaySense Loan EMI Calculator

PaySense offers affordable EMI options on its loans. You can estimate and plan your loan repayments with the PaySense Personal Loan EMI Calculator by accessing their web portal at

This EMI calculator helps you to make informed decisions on repayment of your loans on time.

PaySense Loan App

PaySense is one of India’s top-ranking instant personal loan apps that offers you quick and hassle-free loans. The app provides a convenient platform for you to access loans and manage your finances. It has over 100 lakh app installs as of date. Signing up on the app takes just two minutes and the application process is straightforward and user-friendly.

You can easily download the PaySense instant personal loan app on your smartphone or tablet by following these steps :

  1. Open the Google Play Store on your Android device or the iOS App Store on your Apple device. 
  2. Search for “PaySense: Personal Loan App.”
  3. Click on the app with the developer name “PaySense Services India Private Limited.
  4. Download and install the PaySense app.
  5. Once installed, launch the app and follow the sign-up process to get started.

Note : Always remember to verify your mobile number during the sign-up process to start using the PaySense app for instant personal loans.

PaySense Loan Customer Care Number

PaySense does not have a customer care number or a customer support number. They do have a customer service team which can be contacted for any issue through their E-Mail at

You can check PaySense Customer care information for more details.

Help And Support :

Paysense Services India Private Ltd

Empressa Building, Fourth Floor, Second Road, Khar West,
Mumbai – 400 052, Maharashtra, India

Mr. Keshav Naicker

Designation: Grievance and Nodal Officer 

Contact: 91 022 69821133,( Monday to Friday between 10 AM -7 PM) 

GRO E-mail:     


In conclusion, a PaySense loan can be a helpful financial tool if you are in need of quick funds for an emergency or a planned expense. As one of India’s leading instant personal loan apps, PaySense offers you a seamless and hassle-free borrowing experience. 

However, note that PaySense loans come with higher interest rates compared to traditional loans. You are advised to explore all your options and weigh the pros and cons before making a decision.

Responsible borrowing is the key. Carefully consider your ability to repay the loan on time, and only borrow what you can realistically afford it.


What is Paysense Loan?

PaySense offers personal loans from ₹5,000 to ₹5,00,000 with FlexiEMI options, zero collateral & affordable interest rates at an Annual Percentage Rate (APR) between 16% to 36% on a reducing balance basis.

PaySense allows foreclosure of your loan only after you have pais atleast 3 EMIs. In case of foreclosure, you will charged a foreclosure fee of 4% on the remaining principal amount. Before applying, request for a pre-closure statement detailing your outstanding balance, foreclosure charge and final settlement amount.

Yes, taking a loan from PaySense is safe. PaySense is an NBFC regulated by the Reserve Bank Of India. It protects your sensitive personal data through SSL encryption

PaySense is owned by Prashanth Ranganathan a renownwd enterpreneur in the Indian financial tech space. He is the CEO of PayU Finance and also the founder of lending platform, Paysense before it was merged with PayU.

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