App Features
PaySense provides instant personal loans from ₹5000 to ₹500,000, with an Annual Percentage Rate (APR) on the loans between 18% to 36% (on a reducing balance basis) + a maximum of 3.5% processing fee on the principal loan amount. These instant loans are given for a duration of 3 months to 60 months. The standard processing fee is 3.5% of the loan amount. For example, a loan of ₹1 Lakh (₹1,00,000) for 24 months will typically have an APR of 24% (on a reducing balance basis) and a processing fee of 3.5% (₹3,500). This loan would be paid back in 24 EMIs (equated monthly installments) of ₹5,377 each with the total interest amount being ₹29,048.Prepayment charges on loan closure (allowed after 3 EMI payments) is 4% + 18% GST on the remaining principal amount and Late Payment Charges are ₹500 + 18% GST upon failure to pay the EMI on the fixed date.
🔝💰PaySense has been identified amongst the Top 100 Fintech innovators in the world by a KPMG and H2 Ventures report.🔝💰
The PaySense app allows you to apply for instant personal loans of up to ₹5 lakhs at attractive interest rates, with zero collateral and flexible EMIs.
5 Million+ users have already installed the PaySense app to get an urgent personal loan, to pay for:
👉Marriage Expenses
👉New Two-Wheeler
👉School and College Fees
👉Medical Emergencies
👉New Electronics
👉Credit Card Bills
👉Jewelry
👉Home Renovation and Decor, and so on.
PaySense has disbursed over 1 lakh personal loans in the past 12 months and is one of the best Indian personal loan apps in the market which offers easy & quick loans to both self-employed and salaried individuals.
🇮🇳The company’s presence now spans over 50 cities across India including Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, Chandigarh, Chennai, Coimbatore, and Delhi-NCR.
With quick money loans, PaySense offers the flexibility of getting an instant personal loan in just a few hours.🇮🇳
Why Choose PaySense for Instant Personal Loan
In addition to providing one of the fastest online loan approvals to Indians for personal loans, PaySense also lets its customers enjoy the following advantages:
👉Affordable interest rates
👉Convenient and affordable EMIs
👉2-minute loan application process
👉Paperless documentation
👉Loans available for those with low credit scores as well
👉Automated updates and EMI deduction
