Payme India

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Apply Loan in Simple Steps with PayMe

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01

Check Eligibility
This typically involves assessing your creditworthiness,income and employment history.

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02

Fill Loan Details
Specific information about a particular loan that a borrower needs to know in order to make an informed decision about whether or not to take out the loan.

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03

Complete Your Verification
It involves providing documentation and information to the lender to verify your identity, income, employment, and assets.

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04

Get Your Loan
Refers to the actual amount of money that is provided to the borrower by the lender.

01

Check Eligibility
This typically involves assessing your creditworthiness,income and employment history.
02

Fill Loan Details
Specific information about a particular loan that a borrower needs to know in order to make an informed decision about whether or not to take out the loan.
03

Complete Your Verification
It involves providing documentation and information to the lender to verify your identity, income, employment, and assets.
04

Get Your Loan
Refers to the actual amount of money that is provided to the borrower by the lender.

Why PayMe?

No Hidden Charges

What you see is what you pay—zero surprises, zero stress.

Flexible Repayment Terms

Choose a repayment schedule that works for you, not the other way around.

Fast Loan Approval & Disbursal

Apply in minutes, get funds quickly—no long waits.

100% Digital & Paperless Process

Say goodbye to paperwork! Apply and manage your loan entirely online.

Frequently Asked Questions

How much loan amount can I get with PayMe?

You can borrow up to ₹5 Lakhs, based on your income, job status, and credit profile. Final amount is decided after eligibility check.

What should I do if I have trouble making a payment on time?

Facing issues? Call us at 0120-697-1400 or email grievance@paymeindia.in. We’ll help with possible EMI restructuring or grace period. Late fees may apply.

Can I apply if I don’t have a high credit score?

Yes! We consider more than just your credit score—like income and repayment ability. You may still qualify for a smaller loan.

How can I repay my PayMe Personal Loan?

Repay via net banking, debit card, UPI, or bank transfer. Auto-debit options are also available on our app and website.

What is the maximum APR, and can you provide a representative example of the total loan cost?

The Annual Percentage Rate (APR), which includes interest, fees, and other applicable costs, ranges between 28.8% and 99.7%.
Here’s a representative example of the total loan cost:

Loan Amount	₹50000
APR	32.74%
Tenure	12 months
Rate of Interest	28%
Processing fee	2%
Monthly EMI	₹4825.30

What is the minimum and maximum repayment period for the loan?

The repayment period for the loan ranges from a minimum of 3 months to a maximum of 60 months, giving you flexible options to choose a tenure that best suits your financial needs.

What are the top reasons to choose a personal loan through PayMe?

PayMe offers several unique benefits that make it a preferred choice for personal loans:

Quick Loan Amounts: Borrow any amount from ₹25,000 to ₹3,00,000 instantly
Fast Eligibility Check: Find out your loan eligibility in just 2 minutes.
Flexible Repayment: Enjoy repayment tenures of up to 5 years
Instant Disbursal: Get the loan amount credited to your account within minutes after approval.
Hassle-free Process: Complete your application digitally from anywhere, anytime.

What are the eligibility criteria for availing a personal loan through PayMe?

To qualify for a personal loan through PayMe, you need to meet the following criteria:

Age: You must be between 21 and 58 years old.
Employment: You should be either salaried or self-employed.
Income: Your monthly household income should be ₹20,000 or more.
Bank Account: Your income must be directly credited to your bank account.
CIBIL Score: A minimum CIBIL score of 650 is required.

What are the benefits of choosing PayMe for your personal loan needs?

Here’s why you should choose the PayMe app:

Quick Disbursement: Financial emergencies can’t wait. With PayMe, funds are credited to your account within minutes of loan approval.
Hassle-free Application Process: Our fully digital process allows you to complete your loan application from the comfort of your home, quickly and easily.
Minimal Documentation: We require only basic documents like your PAN, a selfie, and a mobile number linked to your Aadhaar. Additional documents may be requested based on your profile.

What can you use a personal loan from PayMe for?

Personal loans from PayMe are highly versatile with no restrictions on end usage. Some of the most popular reasons people take our instant loans include:

Weddings
Medical emergencies
Travel expenses
Home renovation projects
Education purposes
Business ventures
Big purchases
Household expenses

What documents do I need to get an instant personal loan through the PayMe app?

At PayMe, we prioritize your convenience by keeping documentation simple and minimal. Here’s what you need to do:

Log in to the PayMe app using your mobile number.
Go to the Loans section.
You will be automatically directed to the 'Application Status' screen where you can upload your required documents.

Typically, we only require your PAN card, a selfie, and a mobile number linked to your Aadhaar. Based on your profile, additional documents may be requested.