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Check who can apply, which documents you need, and how to use the PaySense eligibility calculator for a personal loan before you apply.
Last updated on: January 19, 2026
PaySense provides quick, digital personal loans for both salaried and self-employed borrowers who need short-term funds. Understanding the PaySense Personal Loan eligibility can help you estimate a likely credit line and choose a tenure that keeps your EMIs affordable. The lender uses a mix of age, location, income and credit history checks to generate a personalised offer. Use the personal loan eligibility calculator and prepare clear documents in advance to speed up the approval and avoid any surprises during disbursal.
You can use the online personal loan eligibility calculator on Bajaj Markets to get an instant estimate of your PaySense loan eligibility and EMI options.
Step 1: Select your nature of employment as ‘Salaried’ or ‘Self-employed’.
Step 2: State your average monthly income or drag the slider to adjust accordingly.
Step 3: In a similar way, give an estimate of your per month expenses.
Step 4: Click on ‘Calculate Now’ to see your eligible loan amount instantly.
If the estimate looks suitable, you can proceed to apply for a PaySense Personal Loan online by uploading documents and completing the e-KYC process.
Below are the primary PaySense eligibility criteria commonly checked before personal loan approval. These points indicate who typically qualifies to receive a personalised offer:
You must be a resident of India to apply for a PaySense Personal Loan.
You should be between 21 years and 60 years of age at the time of application.
Both salaried employees and self-employed individuals may apply, subject to income verification.
PaySense serves customers across a wide footprint, with the eligible income amount depending on your nature of city.
The net monthly income should be at least ₹20,001 for metro city residents and ₹18,001 for non-metro area applicants.
A strong credit history and a credit score of 700 or above are eligible and can influence the loan amount and the rate offered.
Have these documents ready to complete a paperless application and speed up verification. The table below lists the document type and details for a PaySense Personal Loan:
| Document Type | Accepted Documents |
|---|---|
Identity Proof |
PAN card and a selfie for identity verification |
Address Proof |
Aadhaar card, Voter ID, Passport or Driving Licence |
Proof of income |
Last 3 months bank e-statements or net-banking statements |
Keeping clear digital copies of these documents ready can reduce delays during the e-KYC and approval stages.
Note: The exact eligibility conditions and list of documents may vary based on your profile and lender requirements. Always check the latest details from your chosen lender before applying.
Several lending and profile factors shape the final offer you receive. These are the common variables PaySense may use when deciding your credit line and rate:
Lenders review your credit bureau score and past repayment behaviour, which may influence the approved amount and the personal loan interest rates
Your verified take-home pay determines how much EMI you can comfortably service without strain
Current loan commitments reduce available capacity for new EMIs and can lower the credit line
Regular salary credits or consistent business inflows for self-employed applicants may strengthen the application
Availability of PaySense services in your city or pincode can affect disbursal timelines and acceptance
Incomplete or unclear KYC documents can delay approval or lead to a lower offer until verification is complete
Higher amounts or shorter tenures increase EMIs and may require stronger eligibility to pass affordability checks
If you want a better chance of a higher credit line or a more competitive interest rate, consider these practical steps:
Obtain your credit report and fix any errors or disputes as a clean record may improve your offer
Reduce outstanding card balances to improve utilisation ratios and strengthen your credit profile
Where possible, use official bank statements that show steady inflows or declare additional verified income sources
Paying down smaller debts before applying may increase the EMI capacity available for a new loan
Upload clear scans or photos of PAN, Aadhaar and bank statements to avoid verification delays
Choose a tenure that keeps monthly EMIs within a comfortable portion of your monthly income. This can improve affordability outcomes
If your income or score is borderline, adding a co-applicant with steady income may increase the approved credit line
Reviewer
Yes, your credit score and past repayment behaviour are reviewed and may influence whether you get approved, the loan amount and the interest rate offered. A higher score typically improves the likelihood of a larger credit line and better pricing, while lower scores may require additional checks.
On Bajaj Markets, you can get interest rates on a PaySense Personal Loan starting from 14% p.a. The final rate you are offered may depend on factors such as your credit profile, income and chosen tenure.
Yes. You should keep your PAN card ready and take a selfie for identity proof. Common address proof includes Aadhaar, Voter ID, Passport or Driving Licence. Also, keep recent bank e-statements or net-banking records (typically last three months) ready as income proof. Clear digital copies can speed up e-KYC and verification and may help obtain quicker approval.
No. A PAN card is a required proof of identity for a PaySense Personal Loan and is used as part of the e-KYC process. Without PAN details, you will likely be unable to complete the standard digital application.
Typical applicants need to be Indian residents aged between 21 and 60 years. This includes both salaried and self-employed individuals, subject to income verification and service availability in their city or pincode. The final eligibility also depends on your verified income, existing liabilities and credit history, which together determine the credit line and EMI options.
On Bajaj Markets, you can apply for a PaySense Personal Loan if you have a CIBIL score of 700 or more. A stronger credit score in the higher bands may improve approval chances and the terms offered, while lower bands may lead to stricter offers.
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