You begin looking for an instant personal loan when you need money for an emergency. You need money fast, and you have already asked your friends if they could lend you some amount. However, since they can’t help and you need funds. The best way forward is to get a personal loan.
It is offered without any collateral; the process is very fast & efficient. However, you should always get a loan from the best instant loan app. currently, in the market, it is Paysense personal loan app. Let us tell you everything about it, so it would easy for you to apply. Now, let’s get started.
Paysense Personal loan
Paysense is an Indian loan app aimed to provide an easy loan to the Indians. The process from approval of the loan to disburse in the bank account is very fast, quick, and efficient. Even if you have not had a credit history, do not worry. Paysense will have a loan for you nonetheless. Now, we will tell you the basic details such as loan amount, rate of interest, and other things.
Paysense offers loan amount from Rs 5,000 to Rs 5, 00,000.
Paysense interest rate ranges from 1.4% to 2.3% per month.
The processing fee is up to 2.5% of the loan amount without GST.
The late payment charge is Rs 500 without GST.
The foreclosure charge is 4% of the principal outstanding amount.
Features of Paysense personal loan
These are the amazing features of Paysense persona loan, which make it unique.
The loan amount range is for everyone, form Rs 5,000 to Rs 5 lakhs.
The process of loan approval to loan disbursement is very fast. It would be completed within 2 to 5 Working days.
There is a free doorstep service for documentation.
If you do not have a credit history, do not worry, even then you will get the loan.
Eligibility Criteria
This is the eligibility criteria for Paysense personal loan.
The borrower must be an Indian resident.
The borrower age should be between 21 Years to 60 Years.
The borrower should be a salaried individual or self-employed professional.
The borrower minimum salary should be at least Rs 12,000 Per month.
Currently, Paysense is operating in 43 Cities, so you need to a resident of any 43 cities to apply for an instant personal loan.
Documents you will need to apply
These are the documents you will need to apply.
Identity proof ( Aadhar Card, PAN Card)
Address proof ( Rent agreement, Utility bill)
A selfie
Bank statement for the last 3month
How to apply for Paysense personal loan?
First, download the Instant Personal Loan app from the Google Play store.
Create an account.
First, check your eligibility by providing the basic details.
Once it is complete, it will show the loan amount you will get if you apply.
Upload the required documents.
Once the process is complete, you will receive the loan amount.