In today’s time, there are many loan apps available in the market to take loan sitting at home, but Lazypay loan app is the most popular and reliable too. So friends, in today’s article, we will tell you about the personal loan given by LazyPay App like how to take Lazypay Personal Loan, Lazypay Personal Loan Apply 2023, Lazypay Loan Review, Eligibility, Documents Features, Interest Rate, FAQ etc.
What is Lazypay Personal Loan
Lazypay is a platform that provides online personal loans to young professionals through a digital process. This platform especially provides other services like Personal Loan, Pay Later, Online Shopping Loan etc., for which you can apply sitting at home.
To take a personal loan from Lazypay, you have to take a Paylater loan 5 to 6 times and repayment of that loan, then you are offered a credit limit through the app itself and when your credit limit exceeds Rs.20,000 then You can apply for a personal loan through the official website or through the Lazypay App.
This app has been launched by India’s well-known company “PayU Finance (India) Private Limited”. This company is working as a finance service in India which is approved by Reserve Bank of India (RBI) and NBFC. This app has been launched on the Google Play Store on 19 February 2014.
Its founder’s name is Jitendra Gupta and its main branch is in Mumbai (Maharashtra) and this company has branches in more than 200 cities in India.
This app is developed for both android and iOS platforms. Right now it has more than 50 lakh installs on Google Play Store and it has also got 4.4 rating.
How to Apply for Lazypay Personal Loan
Step 1. First of all, you have to install Lazypay app from Google Play Store.
Step 2. With the help of your mobile number, complete the registration process.
Step 3. Enter your personal details like name, address, date of birth, income etc.
Step 4. Now upload your Aadhaar, PAN card and photo to do your eKYC.
If you are eligible then you will get Lazypay Personal Loan, initially Pay Later will be paid on time, you will also get Personal Loan Offer.
What are the Eligibility Criteria with LazyPay?
Following are the eligibility criteria to avail Lazypay Personal Loan which are as follows:
- Applicant must be a citizen of India.
- Applicant age should be 22-55 years.
- CIBIL Score should be good.
- You must have an active bank account.
- You also need to have a mobile number linked with Aadhar card.
- You must have KYC documents like Aadhar Card, PAN Card.
Note: To take a personal loan, first you have to take a loan from the Lazypay app 5 to 6 times and then you are offered a personal loan through the app, if you repayment of the loan according to the time, then you also get good credit limit.
Lazypay Personal Loan Documents Required
The following documents are required to avail personal loan from Lazypay app which are as follows:
- Aadhar Card
- Pan Card
- Address Proof
- Bank details (A/C No, IFSC Code)
- A selfie
How Much Loan Can I Take with Lazypay?
Through the Lazypay app, you can take Instant Loans from Rs.10,000 to Rs.1 lakh in more than 200 cities of India. And you can use this amount anytime anywhere.
Loan Submission Deadline
With the Lazypay app, you can take a personal loan for 3 to 24 months and you can pay this loan in monthly installments.
Note: If you are in dire need of money then only you should apply for this loan, otherwise this loan should not be taken. You must read the terms of condition of this app before taking a loan.
How Much will the Interest Rate Be
If you are thinking about personal loan from Lazypay app and the question must have come in your mind that how much interest rate will we have to pay.
For your information, let me tell you that the interest rates for personal loan from LazyPay range from 15% to 32% per annum.
Fees And Charges
There are some charges to be paid for taking a personal loan from LazyPay which are as follows:
- Interest – 15% to 32% per annum.
- Processing – Up To 2%
- Fee – 18% GST for all charges
- Penalty – Depends on the loan.
Where to Use Loan
You can use a personal loan to travel, buy electronics, cover medical expenses, home renovation and wedding expenses, and education purposes.
Benefits To Lazypay Personal Loan
You can apply from home loan mobile.
- Loan is available without income proof.
- Salary slip is not required.
- You can take an instant loan for any need.
- With Lazypay UPI you can make online payment in just one click.
- Credit score increases on timely payment.
- Loan up to one lakh can be taken without guarantee.
- Paylater loan can be taken without interest for 15 days.
DISADVANTAGE
- Very little loan is available in the beginning
- You get a personal loan only after taking a pay letter loan two to three times.
- If you do not repay the loan on time, your CIBIL Score gets reduced.
- This loan app gives loans with instant approval.
Lazypay App is safe or not
Yes, it is completely safe and secure mobile application. This app is approved by Reserve Bank of India (RBI) and NBFCs.
And it never shares the information shared by you with anyone and keeps your data secure with encryption.
Note: It protects data privacy and confidential information very seriously.
Customer Support Number / Customer Care Number
If you face any kind of problem then you can get the solution of your problem by talking to the customer care of Lazypay app. It provides you 24 hours customer service. Apart from this, you can also email.
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Conclusion
Today’s post must have been helpful for you, in which we have told you about the information related to LazyPay Personal Loan. Like How to apply for personal loan, what documents are required, what are the eligibility for this and whether it gives loan in a secure way or not, all these questions have been answered. For more information, you can follow RNkhabri.com on the platform on social media.
FAQs related to LazyPay App Loan
Q1.Why should I take Lazypay Loan?
Ans. This app provides you instant loan with instant approval for daily needs. Applying for this loan is easy.
Q2. Can I take loan from Aadhar card?
Ans. Lazypay app can take loan through Aadhar card, but you should also have the necessary documents approved by the government like PAN card, Aadhar card, Driving license etc.
Q3. How long does a LazyPay personal loans take to get approved?
Ans. This loan gets approved instantaneously.
Q4. How many types of loans does LazyPay offer?
Ans. Lazypay provides various types of loans to its customers like Personal Loan, Shopping Loan, Paylater etc.
Q5. How to Repay LazyPay Personal Loan?
Ans. Lazypay loan can be paid through IMobile app.
