Regulated NBFCSalaried Employeesunsecured

PaySense Personal Loan

पेसेंस पर्सनल लोन

PaySense instant personal loan for salaried professionals up to ₹5 Lakhs via PayU Finance.

Max Loan Amount

₹5,000 to ₹5,00,000

Interest Rate

14.00% - 36.00% p.a. (risk-grade fixed)

Tenure

3 to 60 months

Processing Fee

Up to 3.00% of loan amount + GST

✦ What It Is: Product Architecture & Regulatory Scope

Digital consumer lending platform by PayU Finance offering personal loans and revolving lines of credit up to ₹5 Lakhs for salaried professionals.

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• High interest rates up to 36% p.a. for non-prime profiles. • Foreclosure penalty of 4% + GST applies. • Minimum net monthly income requirement of ₹18,000.

✦ Key Benefits & Features

• Disbursal in under 2 hours directly to bank account • Easy digital document upload and instant automated approval • Flexible repayment terms from 3 to 60 months • 100% paperless onboarding via PaySense app.

✦ Prepayment, Part-Payment & Foreclosure Rules

Prepayment allowed after 3 EMIs with 4% fee + GST.

✦ Eligibility Requirements

Salaried corporate employees with verified digital bank statements. Min Age: 21, Max Age: 60. Min Net Monthly Salary: ₹18,000. Min CIBIL: 680.

Min Age21 Years

Max Age60 Years

Min Monthly Income₹18,000

Min CIBIL Score680+

✦ Documents Required

• Completely paperless (PAN, Aadhaar, and salary bank statement).

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Open PaySense App > Credit Line banner. Select amount and e-sign via OTP. Disbursed in 30 minutes.

Pathway B

New Online Applicant (Fresh Digital)

1. Download PaySense App or visit gopaysense.com. Enter mobile number, PAN, and link bank statement via netbanking.

Pathway C

Branch Walk-In Application

Not applicable — app-only digital product.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (PaySense Official Portal)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference

Frequently Asked Questions on PaySense Personal Loan

How fast is PaySense loan disbursed?

Within 2 hours upon digital verification and e-NACH mandate registration.

What is the minimum income needed?

A minimum monthly salary of ₹18,000 is required.

What is the maximum tenure?

Up to 60 months (5 years).