PaySense Personal Loan Online Apply, Required Documents, Status And Eligibility July 17, 2024 by Anil Patil

PaySense is an excellent digital loan app to meet your essential needs, which provides you instant loans for your personal needs in India. PaySense provides loan amount from Rs 5,000 to Rs 5 lakh with interest rates ranges from 1.4% to 2.3% on monthly income. Apart from this, It will also charge processing fee is 2.5%.

Paysense Loan aap is an easy way to provide you loan with low CIBIL score. But it is important to take care of all the things before taking a loan, in this article we will discuss PaySense review, interest rate, eligibility, emi online payment and all topics.

In how much time does Paysense provide loan?

As we mentioned earlier, Paysense is a digital loan app that usually disburses the loan amount to your bank account within 24 hours.

This means that when you need a loan, you can get an instant loan through the paysense loan app, and your loan is credited to your account immediately. This gives you financial support in any emergency situation.

Paysense Repayments

PaySense offers you the flexibility to choose the loan tenure as per your requirement. You can choose a tenure ranging from 6 months to 60 months, which best suits your financial situation and objectives. This gives you a comfortable withdrawal to consolidate your financial constraints.

Required Documents

To get Paysense Personal Loan, you must need to upload your PAN Card, Aadhar Card And KYC related documents. However, PaySense loan app process is fully paperless. Which means you can apply for Personal loan without too much paperwork. You do not need to submit the form and related documents physically, saving you time and utility.

Credit score to avail PaySense Personal Loan

You do not need any pre-approved credit history to get a PaySense loan. If you do not have any prior credit history, you can still get a loan through PaySense. This gives you a convenient option for financial growth, especially when you want to build your first loan material or gain credit experience.

If your credit score is 720+ then there are higher chances of getting higher loan amount at lower interest rate.

Eligibility for PaySense loan:

• The applicant should be a resident of India.
• Age should be between 21 to 60 years.
• You must have a valid PAN card and Aadhaar card.
• Your monthly income should be more than ₹15000.

Now when it comes to financial transactions especially related to banking, there are pros as well as cons, let us know what are the problems that come after taking Paysense loan.

How to apply PaySense Instant Personal Loan online

• Open Paysense App
• Scroll Down and Click on Get Instant Personal Loan
• Enter your personal details and pan card number
• Make sure you have completed KYC
• After submitting your details, wait for lender approval
• Once approved, you can disburse your loan amount

This is very easy online process to apply personal loan on paysense application.

Paysense Charges

Friends, let us now know about Paysense charges/fees, whenever you take a loan from any type of application, please read about its charges.

PaySense Loan Interest Rate

PaySense loans have a high interest rate, ranging from 1.4% to 2.3% per month. This can be significantly higher than rates offered by other lenders.

Paysense Processing fees

It is important to understand the process of taking a loan from any loan app, which has many types of charges associated with it, one of which is the processing fee. On taking a loan through Paysense, it charges 1.5 to 2% of the loan amount as processing fees. Which is non-refundable. Apart from this, many loan apps also provide loans without processing fees.

Late fees

If you don’t repay your loan on time on PaySense, they charge ₹500 + GST ​​as late fees. This fee is valid for timely payment of your loan and is applied to cover temporary financial emergencies. So, conveniently, make sure you repay your loan on time and don’t face any late fees.

PaySense Foreclosure Charges

Consider paying off your PaySense loan early? Be aware of a 4% prepayment penalty on the remaining loan balance. ex. If your loan amount is Rs.20,000, then foreclosure charge would be ₹800 (4% of Rs.20,000).

Friends, this charge is made to retain the borrowers so that the borrower does not leave in the middle of the loan tenure. It is also used so that the lender can repay the loan on time and follow regular payments. This charge also motivates you to make timely payments.

Process of Paying Off PaySense Loan Early

First of all, Check loan agreement, calculate total due (principal + foreclosure charge), then contact PaySense for foreclosure process, make payment, and Lastly, get No-Due Certificate.

The best thing about Paysense app is that even if you do not have a credit score or have a very low one, you can still take a loan through this application and that too within a very short time. Friends, you can calculate your loan with the help of paysense loan calculator.

How to take loan through Aadhaar card?

PaySense is a digital loan app that helps you get easy and instant loans. One of its important features is that it also provides loans through Aadhaar card. If you have a valid Aadhaar card, you can easily avail loan through Aadhaar card on Paysense loan app. You just need to provide your Aadhaar card number, identity proof (if any) and required details in the application process. In this way, you can get loans with less time and effort and use Paysense loan app to fulfill your needs.

Also Read: 6 Things Before Getting a Personal Loan through Paytm

Is Paysense registered by RBI?

Yes, let us tell you that, PaySense is an NBFC registered with RBI (Reserve Bank of India)  . This means that Paysense operates according to the financial regulations of India and the highest standards and values ​​your financial safety and protection.

You can trust this platform as it operates under financial regulations and takes care of the security of your personal and financial information.

But we would request all friends to apply for a loan from any loan app only when there is an extreme need, because if you do not have any source of income, then taking any kind of loan in such a situation can become a problem for you.

Today many such students and youth are getting trapped in digital loan applications, so before taking a loan, definitely consult a financial advisor.

Paysense customer care number

If you want to contact paysense customer care then you can mail to the support email id support@gopaysense.com. Also, you can contact them on their contact number +91 022 6982 1133 from 10:00 AM to 7:00 PM.

• Paysense Email Support :  support@gopaysense.com
• Paysense Contact Number (Phone) : +91 022 6982 1133