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Paysense Personal Loan

Last Updated 11th Jun 2021

Paysense Loan is an instant loan that you can avail through the Paysense app within 24 hours. These loans are easy loans and do not require any documents and credit history. You can avail personal loan from Paysense at minimum rates starting at 15.96% for a maximum tenure of 60 Months.

Paysense Interest Rate 15.96% to 26%
Processing Fee 2.5% of the loan amount + GST or ₹ 500 + GST (Wh
Loan Tenure 3 Months - 60 Months
Loan Amount ₹ 5,000 - ₹ 5,00,000
Age 21 - 60 years
Apply for Personal Loan @ 10.25%* Get upto ₹ 1,000* Cashback

Paysense App

Paysense is a mobile and web-based platform designed to provide instant personal loans with minimal documentation digitally. On Paysense app, you can get the credit approved in minutes. Along with instant credit, the application also provides 24*7 customer care services 365 days a year and offers various products, like cash loans, salary advances, and instant loans making it a popular choice for instant personal loan borrowers. An easy solution to a loan for everyone, getting credit through the Paysense, has the following advantages:

  • Instant Personal Loan upto Rs. 5 Lakhs.
  • Complete Digital Process.
  • Affordable interest rates.
  • Affordable EMI with reminders & auto-debit facility.

Paysense Personal Loan App: Important Details

  • Paysense Personal Loan Interest Rate starts from 15.96%.
  • Paysense charges a processing fee of 2.5% of the loan amount + GST or ₹ 500 + GST (Wh on personal loan.
  • Loan tenure of Personal Loan Paysense ranges from 3 Months to 60 Months.
  • Get a personal loan of ₹ 5,000 to ₹ 5,00,000 from Paysense.
  • On failure of loan repayment, the app charges a penalty of Rs. 500 + GST.

Paysense Interest Rate

Paysense loan interest rate starts from 15.96% on personal loan, which is decided based on the income, occupation and credit history of the customer.

Paysense App Download

  • The application can be easily installed by downloading from the play store. To download the application enter your mobile number.
  • An OTP with the downloading link will then be sent to the number.
  • Users can easily install the application by clicking on the link sent on the mobile number.

How does Paysense App work?

The process of getting credit through Paysense is quick as the process is entirely online with no physical work. To get a loan through Paysense, you need to follow the following steps:

  • Create account: You need to create an account with Cashbean to get credit. Once you download the app, you will be required to give some permissions and basic information.
  • Checking eligibility: Based on the basic information provided by you, the app will show your personal loan eligibility, with eligible interest rate and tenure.
  • Filling details: After successfully checking the eligibility criterion, you will need to fill in all the necessary details to get the credit related to existing loans, occupation and employment details.
  • Providing bank details: You need to submit your bank accounts details for the disbursement of credit to your account.
  • Getting a loan: The amount of credit will then be directly transferred to your bank accounts.

Documents Required for Paysense Personal Loan

The disbursement of the loan is fast and requires a minimum of documents as compared to other loans. These are the documents that you need to submit for the loan.

  • Photo Identity proof: PAN Card
  • Permanent address proof: Aadhar card / Voter card / Utility bill / Driving license or Passport
  • Your selfie
  • Latest salary slips

Paysense Customer Care Number

  • Paysense has a dedicated customer care support line. If you are not satisfied with the services provided by the application, you can contact the Paysense helpline number at
  • You can also raise your concern or complaint on customer service email support@gopaysense.com.
  • Paysense also provides you an option to contact at the registered office address Jaivilla Dev Shakti 49 Tilak Road, Navyug Colony, Santacruz West, Mumbai, 400054 Maharashtra, India

Compare Personal Loan Apps Interest Rates

AppInterest Rates
Cashbean 33%
Cashe 12%
Early Salary 24%
Kreditbee 12.24%
Loantap 12%
MoneyTap 13%
NIRA 24%
Paysense 15.96%


How do I contact Paysense?

If you have any concerns regarding Paysense app services, you can contact a dedicated customer care number . You can also write on their official email id at support@gopaysense.com.

How do I cancel a Paysense loan?

You cannot cancel a loan once you have availed personal loan from the Paysense application.

Is Paysense under RBI?

Yes, Paysense is a top RBI registered App that provides an instant personal loan. Other RBI registered apps are Cashbean, Cashe, Early Salary, Kreditbee, Loantap, MoneyTap, NIRA.

What happens if I don't pay my Paysense loan?

If you fail to pay your Paysense loan, you will be sent an intimation to repay your loan. However, failing to do so will make the lender write off your account along with having an impact on your credit score.

Does Paysense affect credit score?

If you avail personal loan from Paysense, you do not require any credit history; however, it will hurt your credit score if you fail to repay your EMI on time.

What is the interest rate of Paysense?

The Paysense app provides instant loans via a hassle-free process. Paysense offers affordable and convenient personal loans to salaried employees at an attractive rate of 15.96%.

What is Eligibility Criteria of Paysense?

To apply for credit from the application, you need to meet the minimal documents and eligibility criteria. Unlike any other loan, it does not require any credit history to avail of the loan.

  • Age of the borrower: If you fall in the age bracket of 21 to 60 years, you can get the credit.
  • Loan amount: It provides credit in the range of ₹ 5,000 to ₹ 5,00,000.
  • Tenure: The credit is provided for a tenure of 3 Months to 60 Months.
  • Income: To avail credit from Paysense, you must have a regular income of ₹ 18,000.
  • Credit score: Getting credit from Paysense is easy as you don’t require any credit history to avail of the credit.

How do I repay my Paysense loan?

The credit taken through Paysense loan can be repaid through multiple modes like Debit card, UPI, Netbanking, and wallet.

How do I get a loan from Paysense?

The process of getting a loan through Paysense is easy, quick, and affordable. You need to follow these steps to get credit from Paysense.

  • Install the application from the play store.
  • Register yourself via mobile number.
  • Fill in necessary personal details and submit the KYC documents.
  • The application is reviewed online as soon as possible.
  • After reviewing of application, the agreement is signed online, and the loan amount is disbursed.

Is Paysense a safe site?

The data shared by Paysense is transferred to the lenders with the consent of borrowers over a secure connection. Hence, Paysense is a safe and reliable app to apply and get an instant personal loan.

Does Paysense check the CIBIL score?

No. Cashbean provides loans to everyone without any verification of credit history. This is because the loan amount disbursed via Paysense is up to ₹ 5,00,000, which is not a big amount in comparison to regular personal loans.

How can I get a salary in advance?

Paysense provides salary advances to working professionals for overcoming any financial constraint. It offers advances with a limit of ₹ 5,000 to ₹ 5,00,000 at zero credit history.

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Paysense Personal Loan News - Jul 2021
  • 2021-06-11 : MyLoanCare collaborates with three of the top app-based lenders
    MyLoanCare Ventures Pvt Ltd has collaborated with three of the top app-based lenders - MoneyTap, EarlySalary, and Paysense to make Instant Small Ticket Personal Loans convenient, transparent and much quicker.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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