PayMe - Personal loan app

PayMe - Personal loan app

Instant personal loan app

32 ratings
75 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
iphone
ipad
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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

Not helpful

I have been having an issue with the app on trying to set up an auto pay but it keeps getting rejected…call their support but no help all they said it they will check with the backend team..i even tried calling my bank thinking it’s from their end but no everything is good from my bank end…even after them getting my limit upgraded they still couldn’t help in resolving the main issue of setting up a e mandate, raise a ticket twice got a call same thing please try again sometime later we will connect with the backend team and get back to you don’t worry it will get resolved but three days same issue..not something like you posted financial free but not solving issues that BS
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The app blocks you after permissions. Don’t allow, don’t use app

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

Do not even go for it , I took out 17,300 and pad 23600 for 9 months

At first it showed the loan amount as 20000, but after processing fee the amount I got in my account was just 17,300.

There is no foreclosure option for first 4 months, and very high interest rate, very high processing fee charges,I had to wait out my tenure to repay the loan in order avoid any other unnecessary expenses levied by this platform, despite all those there is 2.5 rs platform fee for every transaction, this is open looting , I am never gonna take single loan in this platform ever again,
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Faltu app Fake app 😡

Fake app

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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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.