PaySense gives personal loans at  interest rates ranging from 14% – 36% per annum for Rs 5,000 to Rs 5 Lakhs. PaySense offers instant personal loans to salaried and self-employed business owners at flexible EMIs and durations ranging from 3 to 60 months. Some of the main benefits of personal loans from PaySense are: paperless documentation and personal loans without credit history. 

PaySense Personal Loan Interest Rates With Other Banks and NBFCs - A Comparison

Banks or NBFCs 

Interest Rates (per annum) 

PaySense

14% – 36% per annum

Kotak Mahindra Bank

10.99% onwards

IndusInd Bank

10.49% onwards

IDFC First Bank

9.99% p.a. onwards

Bajaj Finserv

10.00% onwards

Axis Bank

9.99% onwards

ICICI Bank

9.99% onwards

SBI

10.05% p.a. onwards

HDFC Bank

9.99% onwards

Tata Capital

10.99% onwards

What Are The Factors That Affect The PaySense Instant Personal loan Rate of Interest? 

Here are some of the factors that affect personal loan interest rates

Income:

income is a crucial factor that has an impact on personal loan interest rates. Having a steady source of income is an indicator that you will pay your EMIs on time. It will help you obtain better interest rates.

Repayment history:

Paying your EMIs on time and clearing all the outstanding amounts has a positive impact on the repayment track record. A good track record is a crucial factor for lenders to consider while providing a loan at low interest rates. 

Relationship with the lender:

If you share a good relationship with your lender, you can get a loan at an affordable interest rate with least processing fee. 

Apply for Other  Short term Instant Personal loan through CreditMantri