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 loan disburses 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 7.5 lakh business loan.
Paysense Business Loan Eligibility
Business loan through Paysense Company based on the following eligibility:
- Business aged maximum 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 need
Documents Need for Paysense Business Loan
- Applicant KYC Details (Pan Card / Aadhaar Card / Voter Card)
- Income Tax File of the latest 2 year
- Recent Trade License copy
- Updated 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 borrower information details for 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
What is the procedure for a Paysense business loan?
Paysense loan approval is an online procedure. Contact with 24hr Loan through WhatsApp or Email and share all related documents listed for the Paysense business loan.
What is the maximum loan approval time?
Paysense business loan approval time is 3 days. Co-operate with Paysense representative for fast procedure.
How much loan amount is approved through a Paysense Business loan?
Borrower obtains Rs. 50,000 to Rs. 7.5 lakh Paysense business loan. Individuals should maintain an average balance of Rs. 10,000 for Paysense loan approval.
How to contact Paysense customer care?
Easy to contact Paysense customer care through email at [email protected] or call +91-22-62820570.
What is the repayment term of a Paysense business loan?
Paysense business loan repayment term is 6 to 60 months.