Interest Rate @18% pa – PayMe India Instant Personal Loan

PayMe India is a fintech company founded in 2016 that specializes in lending money to salaried individuals. The minimum salary must be Rs.15,000. Pay me India app is used for availing loans like education loans, wedding loans, medical loans, home renovation loans, travel loans, etc. PayMe India also provides loan advisory services, corporate loans, and short-term loans. 

Loans range from Rs. 2000 to Rs. 2,00,000 for interest rates ranging from 18% to 42% per annum for tenure ranges from 3-24 months.

Why PayMe India?

  • Approval within 24 hours : your loan is approved within 24 hours if you are eligible for the loan.
  • Complete Online Process: PayMe India is completely Online so, no paperwork is required and also saves time, you can get a loan within minutes. 
  • Save Money on Interest: You only have to pay interest on the amount you transfer to your bank account. So, transfer the only amount you required from your credit limit. This helps save your interest money.
  • Borrow money in parts: You can borrow money as per your requirements from Rs. 2,000 to your credit limit again and again in as many parts you want, you only have to pay interest on money transfer to your bank account. 
  • One time documentation: If in case you apply a second time for the loan no documentation or KYC process is required. 
  • 100% Secure: PayMe India ensures 100% safety and privacy of your data and does not share your data with anyone without your permission.

How does PayMe India work?

  1. Download the application PayMe India from the google play store.
  2. Register the app with your E-mail ID or mobile number
  3. Fill in the information asked for to check your eligibility and know your credit limit.
  4. Complete the KYC process for approval, upload documents
  5. Submit your bank details.
  6. You will be assigned your credit limit.
  7. E-sign the loan agreement and set up a mandate.
  8. Your loan amount will transfer to your bank account instantly after the completion of the process. 

PayMe Eligibility Criteria

  • Indian Resident
  • Salaried Individuals
  • Minimum monthly salary ₹15000
  • Minimum age 21 years Maximum age 56 years
  • You must have a valid Adhar card and PAN card.

Documents Required

  • PAN Card
  • Adhar Card
  • Address proof ( Aadhar card/PAN card/Voter Id/Driving License)
  • Photo
  • Income proof- last 6 months Bank Statement.

Fee and Other Charges

A processing fee may be charged up to 5%+GST. Minimum processing fee Rs. 100+GST and Maximum processing fee Rs. 5000+GST. No(0%)  foreclosure and prepayment fees are applied.

Interest rates are applied on the reducing balance method and only pay interest on the amount you transfer to your bank account from your credit limit.

Contact Details

Email –

Call –  0120-6905690

Official Website – PayMe India 

App Link – Download app

App Review

PayMe India provides a credit line up to Rs. 2,00,000 you can use this limit according to your need and only have to pay interest on the amount you transfer to your bank account. It has 1 million+ downloads with 4.2 ratings on google play stores along with 37,920 reviews to date.


1). In which cities PayMe India offers service?

Delhi/NCR, Mumbai, Pune, Hyderabad, Bengaluru, and Chennai are the cities in which PayMe India currently offering its services.

2). Can I reapply for a second loan?

Yes, you can after 5 of payment of the first loan you reapply for the second loan.

3). I am receiving salary via cash can I still apply for the loan?

Unfortunately, you cannot apply because for loan approval bank statements that show your income is necessary.

4). How will I know my loan application approve?

The PayMe India app will notify you when your application approves and the loan amount will be transferred to your bank account within 24 hours.

5). How I can contact PayMe India?

You can e-mail them at or you can call on 0120-6905690. 

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