Realme PaySa Instant Loan Offer 2022

As the leading smartphone brand, Xiaomi announced personal loan app MI Credit to its user to get instant personal loans, after a few days the fourth biggest smartphone brands in India, Realme surprised everyone with their credit lending app  for Indian users. The company has named it as Realme PaySa which has collaborated with EarlySalary to offer personal loans. Realme currently provides 4 products personal and business loans, free credit report, mobile screen protection insurance (only for realme phones) and other services.

• Instant Personal Loan: A user can get an instant loan up to Rs 1 lakh by uploading the KYC documents and a selfie within a few minutes.

• Loans for Various Needs: Since there is no cap on the end use of Realme PaySa personal loan, an individual can use these funds for shopping, travel, education, medical expenses, and much more. Besides this, the company is looking to provide quick business loans to its users in the future.

• Free Credit Report: The smart-phone manufacturer claims that the Realme PaySa will provide up to 3 credit reports for free. Not just it will give you a detailed analysis of your credit history, repayment status, and analysis of your financial health, but it will also provide useful tips to improve your credit score to make you a creditworthy person in the future.

• Mobile Screen Insurance: Both new and old smartphone users can benefit from the Realme mobile screen insurance up to 2 times a year. To get the benefit of mobile screen insurance, the users need to register themselves on the Realme app.

• The age of the applicant should be above 18 years.
• The applicant should be a salaried person with a steady income.
• The minimum salary of an applicant living in Bangalore/Chennai/Delhi NCR/Hyderabad & Secunderabad/Kolkata/Mumbai/Pune should be Rs 18,000. For other cities in India, the minimum salary requirement is Rs 15,000.
• The applicant should be a resident of India.

• A selfie
• PAN card
• Address ID proof
• Aadhar card
• Latest bank statement.

The app offers a credit line and charges interest only on the amount that a user spends. Suppose you have a credit line of Rs 50,000 and you use only Rs 20,000 out of it, then the interest will be charged on the used amount. To know more about the EMI calculation, use an online EMI calculator or take a look at the table below.

Details Required to Calculate EMI

Details of Interest, Total Amount and Monthly Installments

1. Install the Paysa app on your device.
2. Register via your mobile number/ Email ID or Social Login including Google, Facebook, or LinkedIn.
3. Click on ‘Loan’ section and select ‘Salaried’ for personal loan.
4. Fill the form by entering your basic details including your desired loan amount & repayment tenure.
5. Check your eligibility by entering your net monthly income details.
6. Upload your KYC documents – selfie, ID, Aadhar card & PAN card.
7. Select the loan product and enter your personal loan requirement.
8. As per your eligibility criteria, the bank will disburse money in your account within a few minutes.

If you face any difficulty using the app, you can reach out to the customer care via the following methods.

Customer Service Email: wecare@realmepaysa.com

Call Centre:  022-62661966

Registered Address: Embassy 247, Unit No.901, 9th Floor, B-Wing, Hindustan Bus Stop, LBS Road, Vikhroli West, Mumbai, MH 400 083

You can easily apply for a PaySa personal loan at Afinoz. It is a financial platform who has tie-ups with various lenders that provide short term loans purely based on the customer persona and KYC documents.

Here are a few simple steps for applying for an easy loan: