PaySense launches app in Pune for the working and salaried youth

Sakal Times
Saturday, 21 April 2018

Within 5 minutes the platform will process loan using digital documentation, verification

Pune: PaySense, India’s fastest growing lending app has announced today that it is launching operations in Pune.

PaySense also expanding its presence in Navi Mumbai, Thane, Palghar, Nagpur. PaySense primarily caters to salaried individuals and enables them to take loans ranging from Rs. 5000 to 2 Lac with just a few clicks. It has automated the entire loan taking process and can disburse a loan in as little as 5 mins. It has a customer base of more than 7, 50,000 users and has disbursed over 50,000 loans so far, the app is rated 4.1/5 by its users.

“PaySense intends to provide a quick and seamless solution to the young professionals who are in need of short-term loans to address emergency and unplanned expenses with maximum convenience,” said Sayali Karanjkar, Co-founder and COO, PaySense. “As Pune is an important industrial and IT Hub in Maharashtra, there is a rising number of working professionals in the city who are ambitious and in need for quality life. At times unplanned expenditures like a short holiday, buying a two-wheeler or a medical emergency plays havoc with their monthly budgets. PaySense aims at providing assistance with short-term loans with flexible repayment options in their time of need to help them easing their cash-flow without a pinch in their wallet.”

The PaySense App, designed to create a perfect blend of simplicity and efficiency for its users, aims at assisting large number of young employees by addressing their need for immediate finance. It offers hassle-free personal loans without any collateral. The highlight of this App is the digital documentation with little to no paperwork. It takes as little as five minutes for the entire process, starting from approvals based on the CIBIL Score and verification to the disbursal of the loan into the consumer’s bank account.

The App is available for free download on Google Play store for Android phones. Here’s how customers can take a loan through PaySense.

- Once a customer has installed the app, they need to enter a few details to check their eligibility and get approved
- After the approval, KYC documents need to be uploaded to complete the process
- Customer signs the agreement Digitally using Aadhaar based verification
- The loan is then credited in the customer’s account

Presently, PaySense is available in 30 cities including all major cities such as Mumbai, Delhi NCR, Bangalore and Chennai.

Their focus is to make the loan taking process simple, efficient and transparent. The documentation required is one-time and for customers who have linked their phone number to Aadhaar, the documentation is completely paperless.

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