PayMe - Personal loan app

PayMe - Personal loan app

Instant personal loan app

31 ratings
33 reviews
Free

Details

  • Released
  • Updated
  • October 31, 2017
  • July 13, 2026

Features

PayMe - Personal loan app screenshot #1 for iPhone
PayMe - Personal loan app screenshot #2 for iPhone
PayMe - Personal loan app screenshot #3 for iPhone
PayMe - Personal loan app screenshot #4 for iPhone
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About

This app provides instant personal loans for salaried individuals in India, with amounts ranging from Rs. 2,000 to Rs. 2 Lakh. It offers a 100% paperless process, flexible repayment options, and quick approvals, with funds disbursed directly to your bank account.

100% paperless process
Loans up to Rs. 2 Lakh
Flexible repayment options
Quick approvals
Collateral-free personal loans
Convert to EMI term loan
Pay rent via credit card
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What's New in PayMe

9.7.1

July 13, 2026

Bug fixes and performance improvements.

User reviews

The app blocks you after permissions. Don’t allow, don’t use app

The app wants permission into your phone. Then, it ghosts you.

Repayment issue

“I spoke with a Payme recovery agent and paid my EMI amount. They told me that the extra amount showing would be removed within 24 hours, but it has been 3 days and I haven’t received any resolution. On top of that, they are still charging daily interest even after the payment.
There is no proper contact number available—only email support, and they keep forwarding the same email again and again. There is no person to talk to, no customer executive available. This is very frustrating and helpless. I would never recommend this service.
Their executives behave poorly as well—if you don’t make the payment, they start calling your family within 2 days, and even after you pay, they don’t respond and keep adding interest. This app seems fake.”
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Don’t waste ur time

They steal your money

Fraud!

Dont ever take loan from this app... they will harrass you for no reason... i took a loan once and that was my biggest mistake... they will start calling us before 3-4 days of the emi date... first they give you 4-5 IVR calls then after that their recovery agents starts calling us... even when i told them i will pay one day earlier from the Repayment date still they forced me to do repayment 2-3 days earlier. When i refused they started to talk in a very rude manner. We are taking loans from you and giving a heavy intrest rate not to handle your ill mannered agents... i repayed the loan last year still i get the call from their side everyday... i block each and every number still they give call from a new number everyday..... now if you dont stop giving me a calls i will issue a legal notice against you. I m done with this non sense.
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Extremely Disappointing – Misleading Promises!

I was approved for a certain limit, and yet, even after three days, the amount has not been disbursed. Every time I reach out, I’m told to wait another 48 hours—as if stalling is their only strategy. If there is a clear Turnaround Time (TAT) for disbursal, why not stick to it? And if they cannot disburse, they should simply reject the application upfront instead of keeping customers hanging with false hope.

This kind of service is not just unprofessional; it’s outright misleading. People plan their finances based on approvals, and delays like this can cause major inconvenience. I would strongly advise against relying on this service unless you enjoy endless waiting with no clear answers!
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FAQ

What is this app?

This app is a personal loan application designed for salaried individuals in India. It allows users to apply for instant loans ranging from Rs. 2,000 to Rs. 2 Lakh with flexible repayment terms of 3 to 24 months. The process is entirely paperless, and approved loan amounts are disbursed directly to the user's bank account.

What are the key features of this loan app?

Key features include a 100% paperless application process, loan limits up to Rs. 2 Lakh, easy and flexible repayment options, quicker approvals, and no charges for foreclosure or pre-part payments. It also offers collateral-free personal loans and the ability to convert short-term loans to EMI term loans.

What is the cost of getting a loan from this app?

The app charges processing fees of up to 10% plus applicable taxes, with a minimum of Rs. 100 (+GST) and a maximum of Rs. 5,000 (+GST). The maximum Annual Percentage Rate (APR) ranges from 18% to 75%. An example calculation shows a Rs. 10,000 loan over 12 months at 24% APR incurs Rs. 1,347.15 in interest.

Who is eligible to apply for a loan?

Eligibility requires the borrower to be an Indian citizen, aged between 18 and 56 years at the time of loan application. Applicants must be salaried employees with a minimum net monthly salary of Rs. 15,000 and at least 6 months of work experience. A minimum CIBIL score of 650 is also required.

What are the common use cases for these loans?

Loans obtained through this app can be used for various purposes including education, medical emergencies, weddings, home renovations, purchasing mobile devices, covering travel expenses, paying rental deposits, and managing monthly bills. It aims to provide financial support for personal needs.