Back in the day, availing a personal loan used to be quite a hectic task. To apply for a loan, people used to visit banks multiple times and put a lot of efforts to get documentation process done. Even after that, loan disbursement used to happen in weeks. Due to such difficulties, people used to delay the money problem they were facing in life. And that’s where Paysense tapped into market. By lending instant personal loan up to Rs. 5 Lacs, Paysense started addressing the urgent financial needs of people.

Paysense is an Indian NBFC and its main objective is to make availing a personal loan easier for people. The approval and disbursal time of this NBFC is commendable. One of the most important features of Paysense is that it lends personal loan to people who have absolutely no credit history. Read more to know why Paysense makes sense when it comes to availing an instant personal loan.

Paysense Instant Personal Loan Details

Paysense is all about providing financial assistance to those who are in need. No matter how big or small your need is, Paysense Instant Personal Loan covers it all. You can use the loan amount as per your wish as this NBFC won’t track the end-usage of personal loan amount at all.

Minimum Personal Loan Amount – Rs. 5,000

Maximum Personal Loan Amount – Rs. 5 Lacs

To avail an instant personal loan from Paysense, you have to meet certain eligibility criteria. We have mentioned the eligibility criteria of Paysense in the below section of this page. 

Paysense Feature and Benefits

Usually, when you apply for a personal loan, you aren’t expecting any benefits. You expect delay in loan approval and disbursement. With Paysense, you can avail many benefits. They are – 

  • Instant personal loans which range from Rs. 5000 to Rs. 5 Lacs – For your big and small needs, Paysense lends instant personal loans ranging from Rs. 5000 to Rs. 5 Lacs.
  • Lightening fast loan approval and disbursal – With Paysense, you won’t have to wait for eternity to get loan approval and loan disbursement. Paysense lends instant personal loan up to Rs. 5 Lacs within 2-5 days.
  • Less-tiring documentation process – The doorstep service for documentation process makes Paysense better than its rival. You can schedule the pick-up of your documents when you’re free.
  • Payment reminder and auto-debit – Repayment of personal loan amount becomes easier with Paysense as you have the option to auto-debit the EMI. This NBFC also sends you a payment reminder in order to make you avoid any late payment charges. 
  • Loans for applicant with zero credit history – Paysense lends instant personal loans to applicants having zero credit history. If you’re just starting with your new job, you can avail instant personal loan on the basis of your KYC documents. 

Paysense Personal Loan - Interest Rate and Fees

Keeping the urgency of people for personal loan in mind, Paysense charges an interest rate of 1.4% to 2.3% per month. Apart from interest rate, Paysense also charges other fees.

Paysense Instant Personal Loan Interest Rate

1.4% to 2.3% per month

Processing Fees

Up to 2.5% of the loan amount

Late Payment Charges

Rs. 500 + GST

Foreclosure / Pre-Payment Charges

4% charge on the principal outstanding amount

Paysense Eligibility Criteria – Know Before You Apply

To avoid any hassle at the time of availing a personal loan, you must know Paysense Eligibility Criteria. They are –

  • Applicant must be a resident of India. 
  • His/her age should be in between 21 years and 60 years.
  • The personal loan is only given to those who are employed and self-employed.
  • The minimum salary criteria for salaried and self-employed individuals are Rs. 12,000 and Rs. 15,000 respectively.
  • As Paysense is active in 43 cities, for now, you have to be the citizen of any of those 43 cities to be eligible for instant personal loan.
Read More: Compare All Banks & NBFC's Interest Rate 2021

PaySense Instant Personal Loan - EMI Calculator

Unlike other EMI calculators, Paysense works on very basic formula. To know the EMI that you will have to pay for the loan amount you’re desiring, all you have to do is to provide the personal loan amount you want. Within few seconds, Paysense Instant Personal Loan gives you access to information on EMIs for different loan tenures. You can calculate the EMI on Paysense website which is mentioned below.

For your convenience, we have mentioned a table through which you can understand what you will be paying for different loan tenures If you decide to take personal loan amount of ₹ 1 Lac from Paysense.

Loan Term

EMI (per month)

Total Payable Interest

3 months

₹ 35,353

₹ 6,059

6 months

₹ 18,460

₹ 10,760

9 months

₹ 12,843

₹ 15,587

12 months

₹ 10,046

₹ 20,552

To avail instant personal loan from Paysense, all you have to do is to download Paysense App on your mobile, sign in using Paysense Login Id, and apply for a personal loan.

Paysense Documents Required for Instant Personal Loan

  1. Proof of Identity – Aadhar Card or Pan Card
  2. Proof of Address – Aadhar Card, Rental Agreement (If applicable), Utility or Post-paid bills
  3. Proof of Income – Last 3 months bank statements
  4. Selfie 

That’s it. You don’t need to submit tons of documents to avail a personal loan. Paysense understands it by trusting your intention and instantly disbursing the loan amount. 

How to apply for a Paysense short-term loan?

The most ironic thing about “Paysense”, which is actually great, is you don’t need to have lots of patience while applying for a personal loan. Paysense loan process is easy and quick. By following the steps mentioned below, you can easily apply for Paysense short-term loan. 

  • Check eligibility and pick a loan plan – Check your eligibility by providing basic details of yourself. Once you are done with it, you will be offered a line of credit (approved limit) by Paysense. After that, you will have to pick a loan plan which consists of loan amount, loan tenure, and EMI. For convenient EMI plan, always choose to apply for only 50% of your line of credit. 
  • Upload the required documents – After completing the first step, move on to documentation part. Applied every document that Paysense asks for. Furthermore, you will also have to sign a NACH form loan agreement. By doing so, you will grant Paysense permission to auto-debit the EMI amount from your bank account. 
  • Loan applied. Get the loan amount instantly – Once you’re done with both of the steps mentioned above, you will receive an approval from Paysense within 2 working hours. After getting a loan approval, the loan amount will be transferred to your account. The entire process of Paysense short-term loan is paperless.

apply instant personal loan

Paysense Personal Loan Customer Care Number

In case of any confusion, you can get in touch with Paysense by sending an email on Once you register you register, the concerned team of Paysense will get in touch with you as soon as possible. For now, there is no official Paysense Customer Care Number. Avoid calling on contact numbers mentioned on the internet. 


Q1How do I get a loan from PaySense?
To avail a loan from PaySense, you will have to register with Paysense by filling basic personal details. By doing so, you can check your eligibility and also, the Paysense credit line. Paysense credit line is the loan limit you can avail from Paysense. Once you get eligibility result, you can proceed to the documentation process by uploading KYC documents. To confirm the authority to auto-debit Paysense Instant Personal Loan EMI from your bank account, Paysense asks you to sign a NACH form. That’s it. You can now successfully get loan money from Paysense by completing the entire procedure.
Q2How can I pay my PaySense by EMI?
To make repayment of loan simplified and convenient for borrowers, PaySense offers the option to repay the loan amount in EMI. EMI is basically an amount that you give on a monthly basis throughout your loan tenure to repay the loan amount with interest. You can pay your EMI by using BHIM UPI, Net Banking, etc. Decide the EMI you can afford to pay with the help of PaySense personal loan EMI calculator.