LazyPay runs as an element of PayU providing immediate individual financing facilities to clients.


LazyPay runs as an element of PayU providing immediate individual financing facilities to clients.


LazyPay runs as an element of PayU providing immediate personal financing facilities to clients. You may get that loan all the way to Rs. 1 lakh with LazyPay. To get financing, you need to install the LazyPay application thereby applying.

Benefits/Key shows

  • Instant approval
  • Minimal paperwork
  • Versatile payment choices


SmartCoin is a money that is app-based platform targetted towards the center- and lower-income strata. The attention prices made available from the lending company are in the greater part due to the loan tenure that is short.

Benefits/Key features

  • Paperless application procedure
  • Fast loan disbursal
  • Minimal paperwork
  • Perform loan center available

State Bank of Asia

State Bank of Asia provides SBI Pension Loan to Central or local government or Defence pensioners whom draw their retirement from some of the SBI branches.

Benefits/Key features

  • Tall quantum of funding
  • Versatile payment tenures
  • Competitive interest levels

Punjab Nationwide Bank

Punjab nationwide Bank provides loans that are personal pensioners whom draw their pension through some of PNB’s branches. This loan may be taken fully to meet up with the medical costs of pensioners throughout the time once they require it many. Borrowers can avail that loan numerous times on the basis of the modification associated with loan that is previous.

Benefits/Key highlights

  • Tall quantum of funding
  • Appealing interest levels
  • Versatile tenures

Apart from the loan that is aforementioned, it is possible to make an application for the next schemes:

Bank of Asia

Bank of Asia provides BOI celebrity Pensioner Loan Scheme to a retired employee who attracts a frequent retirement through the financial institution branch. The net retirement of this applicant after the mortgage EMI is deducted must be at the very least 40percent associated with the pension amount that is total.

Benefits/Key shows

  • Tall quantum of finance
  • Among the interest rates that are lowest on unsecured loans in India
  • Minimal paperwork for processing

Prime Minister’s Rozgar Yojana (PMRY)

This scheme aims to offer self-employment possibilities to the educated youth that is unemployed of country. The scheme has encountered a number of customizations through the years, like the leisure of norms when you look at the region that is north-east.

Benefits/Key shows

  • Loan for the unemployed between your chronilogical age of 18 and 35 years
  • No collateral necessary for loans as much as Rs. 1 lakh
  • Choice are going to be provided to ladies and weaker chapters payday loans in Arkansas of the society, including SC, ST, or OBC candidates

Pradhan Mantri Mudra Yojana (PMMY) Scheme for Women

This will be that loan scheme launched by the national government of Asia in 2015. This scheme enables women to avail that loan to enable them to begin business enterprise of the very own. There are numerous lenders and NBFCs in Asia whom provide this loan that is particular to its clients.

Benefits/Key features

  • Loans can be obtained under three groups – Shishu, Kishore, and Tarun
  • No security or collateral is necessary
  • Interest rates levied is affordable
  • The repayment tenure under this specific loan scheme might go as much as 7 years
  • A lady entrepreneur might avail this loan for working money demands

Penalties and Internal Charges

LazyPay personal bank loan

Processing charge 2% of this loan quantity
Prepayment charges perhaps Not relevant, as prepayment is certainly not supported
belated charge Rs. 10 each day

State Bank of Asia Pension Loan

Processing fee 0% to 5per cent of this loan amount plus GST
Prepayment charges 3% regarding the prepaid loan quantity

Punjab Nationwide Bank Unsecured Loan to Pensioners

Processing cost Nil
Prepayment charges Nil
Documentation costs Up to Rs. 450 plus GST

Bank of Asia Celebrity Pensioner Loan Scheme

Processing cost as much as 2% associated with the loan quantity
Prepayment fees Nil

Pradhan Mantri Mudra Yojana (PMMY) Scheme for females

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