Paysense Business Loan- Get 7.5 Lakh Loan

Self-employed businessman obtains Paysense Business Loan at 18% ROI. A non-banking financial company founded in 2015 in Mumbai provides loans across India. Individual self-employed persons take up to 7.5 lakh loans at 60 months tenure.

Paysense Business Loan

Loan Amount	Up to 7.5 Lakh
Repayment Term	12 to 60 months
Interest rate	18% p.a.
Processing fee	Up to 3% + GST
Age	21 – 60 years
Credit Score	720+
Eligible	Self Employed Only

Features of Paysense Business Loan

• One-click loans are disbursed at a higher approval rate, which is 85%.
• Digital document upload process with an instant solution.
• Paysense provides a manageable repayment term of up to 60 months.
• Get a business loan from Paysense without an effortless digital method.
• A person applies for a maximum of 7.5 lakh business loan.

Paysense Business Loan Eligibility

Business loan through the Paysense Company based on the following eligibility:

• Businesses are a maximum of 2 years old
• 2 years ITR File with a minimum of 2.5 Lakh or above income required
• CIBIL score must be 720+ or above
• The Borrower Bank statement maintains a balance of Rs. 10,000 needed

Documents Needed for the Paysense Business Loan

• Applicant KYC Details (Pan Card / Aadhaar Card / Voter Card)
• Income Tax File for the latest 2 years
• Recent Trade License copy
• Updated the latest bank statement PDF
• Electricity bill or Rent Agreement as a residential proof

Also Read: Business Loan Eligibility Documents

Paysense Business Loan Interest & Other Charges

Interest Rate	18% to 30% p.a. (Reducing Rate)
Processing Charges	Up to 3% of the loan amount
Late Payment Charges	Rs. 500 + GST
Foreclosure Fee	4% + GST

Apply for a Paysense Business Loan

• Give the borrower detailed information for the Paysense business loan.
• Provide all the correct details like phone no, email ID & address, etc.
• Required documents list for a business loan.
• The representative calls the borrower for the verification process.
• If all is processed, the business loan will be credited to the borrower’s account.

FAQs on Paysense Business Loan