How To Get Loan From PayMe Loan App | PayMe Instant Personal Loan Guide


PayMe is a leading digital lending app and lending service provider, offering instant personal loans online through its mobile app. With a user base of over 6 million individuals across India, PayMe has established itself as a trusted platform for providing hassle-free access to funds at attractive interest rates. Whether you need to cover unexpected expenses, fulfill your aspirations, or manage financial emergencies, PayMe is here to help. Let’s explore the key features, benefits, eligibility criteria, and the loan application process of PayMe.

Is PayMe RBI Approved?

PayMe works exclusively with RBI-registered NBFCs (Non-Banking Financial Companies) and banks. This ensures that the platform adheres to the regulatory guidelines set by the Reserve Bank of India, providing a secure and reliable lending experience for both salaried and self-employed individuals.

Loan Amount and Tenure:

PayMe offers instant personal loans online with loan amounts ranging from ₹2,000 to ₹10 lakhs. The repayment tenure varies from 3 to 24 months, allowing borrowers to choose a duration that suits their financial needs and repayment capacity.

Interest Rates and APR:

The interest rates for PayMe personal loans range from 36% to 54% per annum. The Annual Percentage Rate (APR) on loans can vary from 21% to 156%, depending on the borrower’s profile and loan amount. It’s important to note that interest rates and APR are subject to change and may vary based on individual creditworthiness and other factors.

Benefits and Features:

  • Convenience: PayMe offers the convenience of availing a quick online personal loan anytime and anywhere through its user-friendly mobile app.
  • Fast Approval: Get your loan approved within minutes through PayMe’s efficient online personal loan app.
  • Transparency: PayMe believes in transparency. There are no hidden costs or extra charges associated with your instant personal loan.
  • CIBIL Score Check: Use the PayMe app to check your CIBIL score instantly and for free. Maintaining a good credit score can enhance your loan eligibility and increase your chances of approval.
  • Paperless Process: Gone are the days of cumbersome paperwork. PayMe’s online loan application eliminates the need for physical documents, making the process quick and hassle-free.
  • Flexible Repayment Options: Repay your loan in one-time payment or choose from manageable EMIs spread over 3 to 24 months, depending on your preference and financial capability.
  • No Collateral Required: PayMe offers unsecured personal loans, which means you don’t need to provide any collateral or security to avail the loan.
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Loan Offerings:

PayMe provides different types of personal loan offerings to cater to various needs:

  • Empowerment Loan: PayMe understands the unique needs of women borrowers. With the Empowerment Loan, women can avail personalized loans with repayment terms between 3 and 24 months, tailored to their specific requirements.
  • Short-term Loan (Bullet Loans): Users can avail quick personal loans up to ₹50,000 with a repayment period of up to 90 days. These loans are suitable for covering immediate expenses or addressing short-term financial needs.
  • EMI Loan: Apply online for instant personal loans ranging from ₹2,000 to ₹10 lakhs with flexible repayment tenures of 3 to 24 months. This option is ideal for larger expenses or planned financial goals.

Eligibility Criteria:

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

  • Indian resident
  • Minimum monthly income of ₹15,000 after all deductions
  • Bureau Score (CIBIL Score) greater than 650
  • Above 18 years of age
  • Salaried or self-employed

Documents Required:

To complete the loan application process, you will need to provide the following documents:

  • Selfie (for face identification)
  • Proof of address (Voter ID/Passport/Aadhar Card)
  • PAN card
  • ID Proof (Voter ID/Passport/Aadhar Card)
  • 3-month bank statements reflecting salary deposits to access a higher credit limit
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How to Apply for a Personal Loan on PayMe:

  1. Install the PayMe loan app and register using your mobile number or email ID.
  2. Fill in all the required details, including your name, address, and bank account information.
  3. Upload your ID proofs, such as Aadhar/PAN card, for KYC verification.
  4. Your credit limit will be assigned based on the information provided.
  5. E-sign the agreement and sign up for ENach/EMandate to facilitate loan repayment.
  6. Once the process is complete, your loan amount will be instantly credited to your bank account.

Customer Care and Support:

For any queries or assistance, you can contact PayMe’s customer care:

  • Phone: 📞- 0120-697-1400
  • Address: 🏢 – Logix InfoTech Park D-5, 3rd Floor, Sector 59, Noida, UP-201301

PayMe is owned and operated by various lending partners, including:

  • Mamta Projects Private Limited
  • Payme India Financial Services Private Limited
  • Transactree Technologies Private Limited
  • NDX P2P Private Limited
  • Finkurve Financial Services Limited

App Permissions:

The PayMe app may require certain permissions to function effectively and provide its services. These permissions include access to your camera, storage, location (optional), and other relevant permissions necessary for the loan application process. Rest assured, PayMe prioritizes user privacy and security.


PayMe’s online personal loan app is a reliable and convenient platform for accessing instant funds. With its user-friendly interface, attractive interest rates, and transparent process, PayMe has become a trusted choice for millions of borrowers across India. Whether it’s fulfilling your aspirations or addressing urgent financial needs, PayMe is here to provide hassle-free and secure lending solutions.

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