paysense personal loan

Here are a few factors

How To Apply
Product Rating

( 4.5 /5 )

Total - 833 ratings

Mode of Process Online
Location PAN India
Lending Size and Tenure 5,000-10Lacs (3 Months to 60 Months)
ROI 14% to 24%
ROI (Fixed/Reducing) Reducing
Foreclosure As per Policies
Processing Fees 3%
Partial Payment Allowance No
Dealing in Unsecured OD No
USP Funding to All Profile whether Employee of Proprietorship firm/Partnership firm or Company
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.


Purpose and objectives of microloans

Microloans may utilize several businesses regarded as activities like maintaining cash flow, meeting working capital needs, starting a new business, maintaining cash flow and managing day-to-day expenses, and debt consolidation

  • To reinforce the SHGs (Self Help Groups) and utilize them for the economic growth of the nation.
  • To reinforce the SHGs (Self Help Groups) and utilize them for the economic growth of the nation.
  • To promote and support startups and female entrepreneurship throughout the nation.
Most popular Microloan providers

Bandhan Bank

                                                                Microloans – 2022

Interest rate

17.95% onwards

Loan amount

Min. Rs. 1,000 & Max. Rs. 25,000

Processing Fee


Repayment Tenure

Up to 12 months

Doorstep facility

Available, under Dedicated Doorstep Service Center (DSC)

                                                             Group Loans – 2022

Interest rate

21.90% onwards

Loan amount

Min. Rs. 10,000 & Max. Rs. 80,000

Processing Fee

1% of the loan amount + GST

Repayment frequency

Weekly, Fortnightly or Monthly, as per the choice of the borrower

                                                                    Micro loans – 2022

Interest rate

25% onwards

Loan amount

Min. 12,000 & Max. Rs. 50,000

Processing Fee

1% of the loan amount on micro loans of amount above Rs. 25,000


Not required

                            Income Generation Loans (IGL) – Aarambh – 2022

Interest rate

23.55% onwards

Loan amount

Min. Rs. 7591 & Max. 11,610 for the 1st loan, next loan increase set is of Rs. 14,959 determined by credit history

Processing Fee

1% of the loan amount


The minimum CIBIL score required for a Paysense personal loan must be 700.

The minimum salary of the applicant for a Paysense personal loan should be at least Rs.20,000 in Metro cities & Rs. 18,000 in the rest of the cities.

While applying for the personal loan with Paysense, you would need to submit proof of identity (Adhaar card / PAN card), proof of your address (Adhaar card, utility bill, or rental agreement, a proof of your income (bank account statement), and one photograph. Once this documentation gets approved, Paysense approves the personal loan within a few hours and disburses the funds within a few days.

No, PaySense allows you to cancel the personal loan once the money is deposited into your bank account.

Yes, PaySense allows you to apply for another personal loan even if you already have one. However, that gets approved based on your credit.

You can avail of a personal loan of up to 10 lakh from PaySense.