Personal loans made simple — fast approval, transparent fees
Get tailored loan offers in minutes. Flexible tenures, competitive rates, and full transparency — no hidden charges.
What You Can Use YourPersonal Loan For
Get the funds you need for any purpose. Our personal loans give you the flexibility to achieve your goals, whether it's home improvement, debt consolidation, or major purchases.
Home Renovations
Kitchen & Bathroom Upgrades
Transform your living spaces with modern renovations and quality fixtures by Paylance
Interior & Exterior Improvements
Enhance your home's value with flooring, painting, and landscaping projects
Structural Modifications
Add rooms, build extensions, or make essential repairs to your property
Home Renovations
More Popular Uses
Medical Emergency
Cover unexpected medical bills and emergency healthcare costs with Paylance
Wedding & Events
Make your special celebrations perfect with flexible financing
Education & Training
Invest in your future with courses and skill development programs
Business Opportunities
Start or expand your business with personal funding solutions
Moving & Relocation
Cover relocation expenses and new home setup costs
Emergency Situations
Handle urgent financial needs with quick access to funds
Working of Our Rates & Fees
APR reflects the true cost of borrowing money. It includes the annual interest rate, a nominal processing fee and other miscellaneous expenses. APR is usually lower than your credit card interest rate. APR is the actual annual cost of your loan that helps you compare various loan offers from different lenders.
How is APR determined?
Annual percentage rate (APR) is determined based on your credit score, the amount you wish to borrow and your steady income. Generally, a good credit score calls for a low APR while a poor score means high APR.
| Loan Amount | APR | Tenure | Processing Fee | GST on Processing Fee | Amount Disbursed | EMI | Total Repayment Amount | Total Interest |
|---|---|---|---|---|---|---|---|---|
| ₹50,000 | 240% to 365% | 1-3 Months | ₹4,000 - ₹5,000 | 18% | ₹45,000 - ₹46,000 | ₹20,000 | ₹60,000 | ₹10,000 |
Documents Required Eligibility Criteria
Documents Required
- Indian resident
- Salaried Employee
- Above 21 years of age
- Savings Bank Account Holder
- Fair CIBIL Score
- Valid Documents
Documents Required
- Completely filled personal loan application. Indian resident
- PAN Card
- Residence proof – Passport, Driving Licence, Voter ID, Postpaid/Landline Bill, Utility Bills (Electricity/Water/Gas).
- Bank statements for the last 3 months of salary account.
- Salary Slips of last 6 months.
Get Your LoanApproved Today
Join thousands of satisfied customers who trust Paylance for their personal loan needs. Apply now and get approved in minutes with our quick application process.
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