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30 Second Application

All it takes is a few seconds. We’re fast, easy and hassle-free. Interest Rate starting from 1.5%* per month

Fast & Easy Approval

Get your quick loan approval online. Money in few hours. Repayment Schedule :Min – 30 days & Max – 180 days

Same Day Loan

Funds are deposited electronically into your account! Instantly Get Personal Loan up to 5 Lakhs with quick approvals.

Mobile Loan

Buy what you love with PayCheq. It’s shopping the way it should be. Effortless, safe, and fun.

Rent Deposit Loan

Customized rent deposit loan for security deposit payment to landlord for 11 months tenure. You pay us only interest on total loan taken.

Travel Loan

Whether you’re planning to holiday abroad or relax at a cozy Goan resort, we won’t let money come in the way of a perfect vacation.

Instant Salary Loan

A fixed monthly income may not be sufficient enough to handle all dreams and responsibilities, or an emergency situation. With PayCheq, you can apply for a quick personal loan for salaried individuals.

Car Down Payment Loan

Got your car loan approved? short of the balance downpayment, PayCheq offers hassle free car down payment loan, just share the sanction letter and take away the balance payment instantly.

Smell Freedom

No more No's for living your life.
You are salaried, we have your back. Quick approvals and instant transfer. Minimum salary eligibility Rs.20,000 per month.
Loan AmountRs. 100,000
Processing feeRs. 2,500 (2.5% of 1 lakh)
Loan DisbursedRs. 97,500 (After deducting 2.5% processing fee)
Interest rate1.5% Per Month
EMI₹17,552 per month
Tenure180 Days
Total Payment (Principal + Interest + Fees & Charges)₹1,07,815
Total interest paid in 6 MonthsRs. 5,315

2 Steps: Just upload KYC and Bank Statement and our engine will do the rest of the work.

Our AI based point system is smart, fast and efficient, bad credit score no problem. We just need to know you are a good person

Unlike traditional lenders, we are friendly and believe in understanding each other and find out a solution for every issues. You are in safe hands.

Approval in 30 Minutes

Just get 6 Months Bank statement and 3 Months Salary Slip. We'll set the ball rolling for you.
1) What is Instant Personal Loan for Salaried from PayCheq?

Instant personal Loan from PayCheq is a loan where you will get the funds credited into your Salary account sameday of applying for the product. The entire loan booking and disbursal process happens online or through the phone. However, you will have to sign one loan application form which will be provided at your doorstep.

2) Will I need to submit income and KYC documents or sign any physical forms?

Following Documents are required.

  • 6 Months Bank Statement
  • 3 Months Salary Slip
  • Aadhaar Copy
  • Pan Card Copy

Our representative will reach at your doorstep to get your signature on loan application form.

3) How much Loan will I get?

You will get 10 times of your monthly salary. For Eg. if your salary is Rs.50,000 then a loan of Rs.5 Lakh will be disbursed to your AC subject to any other liability if you have.

For a loan amount > INR 20 Lacs, please contact Paycheq Support. We will get in touch with you and check on the best amount that we can offer to you.

4) What should be my credit score in order for me to get approved?

Minimum of 650, however, do not worry if you have less than 650, we will still consider the case.

5) How is the interest rate calculated for the loan?

Interest is calculated on a monthly reducing balance. Loan outstanding x ROI% x (Number of days in a month/ 365 days) [ROI = Rate of Interest]

Interest rate can vary from 1.5% to 3% per month.

Loan Amount Rs. 100,000
Processing fee Rs. 2,500 (2.5% of 1 lakh)
Loan Disbursed Rs. 97,500 (After deducting 2.5% processing fee)
Interest rate 1.5% Per Month
EMI ₹17,552 per month
Tenure 180 Days
Total Payment (Principal + Interest + Fees & Charges) ₹1,07,815
Total interest paid in 6 Months Rs. 5,315

6) What are the other charges?

One time processing fees of 2.5% to 5% of the total Loan amount, which is deducted from the loan amount. You need not pay anything extra as the downpayment.

7) Loan Duration?

Loan lengths range from 12 to 60 months

8) Rate of Interest?

An annual percentage rate (APR) ranges from  10.47% to  23.26% annually

9) Example of the total cost of the loan, including all applicable fees
Loan Amount Rs. 100,000
Processing fee Rs. 2,500 (2.5% of 1 lakh)
Loan Disbursed Rs. 97,500 (After deducting 2.5% processing fee)
Interest rate 1.5% Per Month
EMI ₹17,552 per month
Tenure 180 Days
Total Payment (Principal + Interest + Fees & Charges) ₹1,07,815
Total interest paid in 6 Months Rs. 5,315

PayCheq, Your extended Salary

Loan amounts range from Rs.20,000 to Rs.5,00,000. APR ranges from 10.47% to 23.26%. Loan lengths range from 60 days to 180 months. Administration fee ranges from 2.5% to 5%.

FAQs

1) What is Instant Personal Loan for Salaried from PayCheq?
Instant personal Loan from PayCheq is a loan where you will get the funds credited into your Salary account within 4 to 6 Hours of applying for the product. The entire loan booking and disbursal process happens online or through the phone, however you will have to sign one loan application form which will be provided at your doorstep. 2) Will I get the funds in my account within 6 Hours even on Sundays or holidays?
For all applications received from 9.30 am till 6 pm, the disbursal will be made on the same day and for applications received after 6 pm, the disbursal will be made on the next working day by 12 noon. The disbursals will be made only from Monday – Saturday. There will be no disbursals made on Sunday or on bank holidays. 3) Will there be any call made on my mobile number after I submit the application?
The loan details post submission of the application will be acknowledged through SMS alert. 4) Will I need to submit income and KYC documents or sign any physical forms?
There is no additional income or KYC document required under the Instant Personal Loan program offered by PayCheq. 5) What if I am not happy with the loan amount that is reflecting in the form?
The loan amount mentioned in the form is the best possible amount that can be offered to you under the Instant Personal Loan program. 6) How is the interest rate calculated for the loan?
Interest is calculated on a monthly reducing balance. Loan outstanding x ROI% x (Number of days in a month/ 365 days) [ROI = Rate of Interest] 7) Is there any way to lower the ROI on the PL?
The interest rate on this loan is fixed and cannot be changed. 8) I need a different loan amount or a loan of > INR 20 Lacs or a tenor of 60 months. What should I do?
For a loan amount > INR 20 Lacs, please contact Paycheq Support. We will get in touch with you and check on the best amount that we can offer to you. 9) How long is this offer valid for me?
For the offer validity, please refer to your email / inbox message. 10) When will my EMIs start getting billed?
The first EMI would commence from the second succeeding month. For example, the EMIs for a loan booked in the month of January, would begin from 1st March. Interest due for the month of booking will be deducted at the time of disbursal. Since the interest is deducted upfront for