Instant personal loan online in India

PayMe personal loans are designed around your capital requirements with a hassle-free application process. The borrower only needs to meet simple eligibility criteria with PayMe to get instant loans up to Rs 5 lakh! Both self-employed and salaried individuals can get a loan at attractive interest rates with a smooth and simple documentation process and no hidden charges. This instant personal loan can accomplish your plans for home renovation, marriage, vacations, and more. With PayMe's best personal loan in India, you do not have to compromise on your bucket list!

PayMe personal loans offer affordable and low-interest rates. In addition, applying for an instant personal loan is processed in less than a few minutes without extensive documentation. Personal loan EMIs are flexible and allow for better liquidity and the easy achievement of personal goals.

Apply for an instant personal loan online today with PayMe and fulfill your dreams!

Benefits and features of a personal loan

  • Flexible and Attractive Interest Rate
  • Instant Approval
  • Minimal Paperwork
  • 100% Paperless Application Process
  • Quick Disbursal

Documents required for personal loans?

PayMe is committed to making the user's borrowing journey as smooth as possible. There is no heavy paperwork required. Just upload a few personal loan documents. Both salaried and self-employed individuals can avail themselves of instant cash loans. The documents required when you apply for a loan include KYC proof, income proof, business details, and a couple of other things.

Accepted Documents

Proof of identity
Proof of address
Proof of Age
Salary slips for the last three months (for salaried)
Bank statement for the previous three months
Income tax returns or form 16
Proof of income / financial statements (for self-employed)

Personal loan eligibility criteria:

The personal loan eligibility calculator lets you know the maximum instant personal loan amount a borrower can avail of depending on their income and repayment capacity. Several factors will determine your loan eligibility, such as income, credit history, age, and other financial liabilities.

PayMe aims to fulfill your dreams and aspirations with an affordable personal loan. Therefore, our loan eligibility criteria are easy to comply with.

  • Age: From 21 to 58 years
  • Employment: Salaried & Self-employed
  • Minimal Income: More than 15000
  • Credit Score: 650+
  • Nationality: Indian

How do I apply for a personal loan online?

Getting an instant personal loan is quite simple. Here how you can apply for an instant cash loan.

  • Register yourself on the PayMe app by entering your mobile number.
  • Upload your documents online and complete your KYC process.
  • Provide income proof documents like a bank statement, salary slip (for a salaried individual), or ITR (for self-employed).
  • The loan amount will be credited into your bank account the same day your loan is approved.

Personal Loan FAQ:

What are the benefits of a personal loan?

Our personal loan has a range of benefits. From a medical emergency, home renovation, higher education, and debt consolidation, a personal loan can meet any financial requirement since it has no spending restrictions. Furthermore, you can enjoy the convenience of paperless and quick processing, minimal documentation.

How can I apply for a personal loan?

Applying for a personal loan with PayMe is simple and fast. All you have to do is meet the eligibility criteria, submit the required documents mentioned in the personal loan list, and fill out an easy online application form.

Can I get an instant approval for a personal loan?

Yes, you can get instant approval for a PayMe personal loan. However, this benefit is only available to applicants who meet all the personal loan eligibility criteria.

How do I get the best interest rate for a personal loan?

Many factors drive the interest rate on a personal loan. Some of the tips for getting the best interest rate on loan are as follows:

  • Meet all the eligibility criteria and submit the required documents
  • Maintain a high Credit Score
  • Have a good repayment track record and credit history
  • Maintain employment stability and have a steady income

Are there any advantages to unsecured personal loans?

Below are some of the advantages of an unsecured personal loan over other loans:

  • No need of collateral
  • Quick funding time
  • Low-interest rate
  • Flexible loan tenure