PayMe India is a unique fintech organisation that brings quick financial aid at your fingertips. This mobile application is designed to help salaried individuals get an instant access to cash in case of an emergency. The app is designed to be completely user-friendly. Be it a medical emergency or any other short-term personal need, this is the perfect option for you to seek financial help.
The company aims at creating the best products that will help people across segments get any financial aid that they need. Their aim is to become the preferred means of financing that not only offers easy access to money but also gives you the best possible services.
PayMe India provides a unique approach to Personal Loans and payday loans. These loans are becoming increasingly popular because of the various benefits and features that they offer, as mentioned below:
Tip: Check Credit Score before applying for a loan
PayMe India offers a variety of different loan plans, which makes it easy for you to get financial assistance despite your current financial status.
The different kinds of loans that you have access to include:
|Name of the Loan||Purpose||Features and Benefits|
|Advance Salary Loan|
|Loan for Low Salary|
|Short Term Cash Loans|
Additional Info: Check Rapidrupee Personal Loan & Apply.
There are certain terms and conditions that you should be aware of when applying for these loans:
Tip: Check Free CIBIL Score before applying for a loan
In order to avail an instant loan on PayMe India, customers are required to upload necessary documents on the application. Once you create an account and apply for the loan, you will receive a list of documents that need to be uploaded. This includes your KYC documents such as the Aadhaar Card, PAN Card, Passport, or Driver's License. In addition to this, the customer is also required to provide proof of income and employment in the form of their salary slips and the latest bank account statements or IT returns.
MyMoneyMantra simplifies finances for customers by connecting them with several institutions that provide a range of different products. This is a platform where you can get access to any information that you need regarding various loans and products and also apply for them without any hassle.
Here are some reasons why you should apply for a loan through MyMoneyMantra:
Also Check: Transunion CIBIL Score
In order to be eligible for a PayMe India Loan, a customer must fulfill the following conditions:
Calculating EMI on loan prior to applying for one makes it a lot easier for you to plan your finances. It will also tell you if a certain loan plan is affordable for you or not. In order to calculate the EMI, you can use MyMoneyMantra's EMI Calculator to check your EMI instantly. This tool applies the formula to calculate the EMI. All you have to do is enter the loan amount, the tenure, and the rate of interest. It is a reliable option and is simpler to use as well.
After you have calculated the EMI, it is extremely important to check if it fits into your budget. Deduct all the mandatory monthly expenses from your income and choose an EMI that fits into the remaining amount. You can change your repayment tenure or negotiate the interest in order to get a better EMI each month as well.
Also Check: CIBIL Full Form
PayMe India only charges a minimal processing fee of Rs 300 per application. Late payment charges are levied as per the loan provided and the profile of the customer.
In addition to providing short-term loans, PayMe India also provides Credit Advisory Services to corporate employees.
To contact PayMe India, you have the following options:
Now get IDFC First Bank personal loan of Rs. 20000 to Rs. 1 Crore at lowest interest rate starting from just 10.49% per annum and the processing fee is 1.5%-2% of the sanctioned limit + GST.
Customers can get up to 50% of their monthly income as a loan, subject to a maximum loan amount of 1,00,000 each time.
You can apply for another loan after you have completely repaid any existing loan. However, you will have to wait for a period of 5 days before applying for a second loan.
The services of PayMe India are currently available in Delhi/NCR, Pune, Mumbai, Bengaluru, and Chennai.
In order for any loan through PayMe India to be processed, a salary entry in the bank account is mandatory. In addition to this, the customer must also be able to show a PF deduction to the salary slip. So, if you are receiving your salary in cash, a loan cannot be processed.
Customers can make payments on the stipulated due date to an account number that is provided upon approval of the loan. Alternatively, the repayment towards the loan can also be deducted from the account on the due date automatically through NACH.
Once the loan has been approved, the customer will be notified via SMS to the registered mobile number.
The loan will be credited to the bank account of the customer on the same day it is approved or within 24 hours of approval.
In case the customer is unable to repay the loan in the decided repayment period, they can inform PayMe India 5 days before the due date to make necessary changes. In case of defaults, the customer will be notified via SMS and notifications. Legal action can be taken on customers who become defaulters and are unavailable for communication. They will also be liable to pay a late payment fee. This will also have a negative impact on the credit score, making it harder for the customer to avail any credit in the future.