PayMe Online Personal Loan App 20.1.0

PayMe is a digital lending app and lending service provider that offers instant personal loans online through their mobile app. With a user base of over 6 million in India, this platform has gained trust for its seamless experience and attractive interest rates. Users can expect their loan amount to be directly credited to their account within a day of applying for a quick online loan. PayMe collaborates exclusively with RBI-registered NBFCs and banks, ensuring the safety and security of salaried and self-employed individuals who require instant access to funds.

• Instant Personal Loans Online up to ₹10 lakhs
• Interest Rate: 36-54% p.a.
• Tenures: 3-24 months
• APR: 21-156%
• Processing Fee: 2-10%

PayMe offers several benefits and features:

• Convenience: Avail a quick online personal loan anytime, anywhere
• 100% Paperless: No physical paperwork required to avail an online loan from our app
• Fast loan approval: Get your loan approved within a few minutes through our online personal loan app
• Easy repayment options: Repay one-time or in manageable EMIs of 3 to 24 months
• Transparency: No hidden costs or extra charges are levied on your instant personal loan
• Guarantees: No collaterals required for an instant personal loan
• Check your CIBIL score: Use PayMe app to check your CIBIL score instantly for FREE

PayMe offers different types of personal loan offerings:

• Short-term loan (Bullet loans): Users can avail quick personal loans up to ₹50,000 and make one-time repayments up to 90 days
• EMI Loan: Apply online for an instant personal loan up to ₹10 Lakhs with an easy repayment tenure of 3 to 24 months
• Empowerment Loan: Specially personalized loans for women, with repayment terms between 3-24 months that can be tailored according to their needs.

The eligibility criteria for the PayMe online personal loan app are:

• Indian resident
• Above 18 years of age
• Salaried / Self-Employed
• Bureau Score (CIBIL Score) must be greater than 650
• At least ₹15,000 monthly income, after all deductions

Reasons to choose PayMe:

• Quick Online Personal Loan for all your big and small needs: Whether it is buying a car, refurnishing your house, saving up for your child's education or meeting last-minute emergency requirements, PayMe has it all covered.
• Security: Our selection process is limited to RBI-certified NBFCs and banks, guaranteeing high transparency, safety, and security.

PayMe's lending partners include:

1. Mamta Projects Private Limited
2. Payme India Financial Services Private Limited
3. Transactree Technologies Private Limited
4. NDX P2P Private Limited
5. Finkurve Financial Services Limited

The documents required for the instant loan app are:

• Selfie (for face identification)
• PAN card
• ID Proof (Voter ID/Passport/Aadhar Card)
• Proof of address (Voter ID/Passport/Aadhar Card)
• 3-month bank statements showing salary deposits in order to access a higher credit limit.

Example: Term Loan

• Loan Amount: ₹10,000
• Tenure: 12 months
• Rate of Interest: 36% p.a.
• Processing Fee: ₹500 (5%)
• Interest accumulated: ₹2,055.45 (on reducing principal balance)
• EMI: ₹1,004.62
• Total cost of the loan: ₹12,255.45
• APR: 26% p.a.

Example: Bullet loan (One time repayment)

• Loan Amount: ₹10,000
• Tenure: 70 days
• Rate OF Interest: 36% p.a.
• Processing Fee: ₹300 (3%)
• Interest accumulated: ₹700
• One time repayment: ₹10,700
• Total cost of the loan: ₹11,000
• APR: 39%

To apply for a personal loan on PayMe:

1. Install the PayMe loan app and register with your mobile number or email-id
2. Fill in all required details: Name, Address, and Bank account.
3. Upload ID proof like an Aadhar/PAN card for KYC
4. Get your Credit limit assigned.
5. E-sign the agreement and sign-up for ENach/EMandate
6. Your loan amount will instantly be credited to your bank account after completing the process.

Contact us:

📞 - 0120-697-1400

🏢 - Logix InfoTech Park D-5, 3rd Floor, sector 59, Noida, UP-201301

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