LazyPay runs as an element of PayU offering immediate financing that is personal to clients.


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

Benefits/Key shows

  • Instant approval
  • Minimal paperwork
  • Flexible payment choices


SmartCoin can be an app-based cash financing platform targetted towards the center- and lower-income strata. The attention prices provided by the lending company are in the greater side due to the brief loan tenure.

Benefits/Key shows

  • Paperless application procedure
  • Quick loan disbursal
  • Minimal paperwork
  • Perform loan facility available

State Bank of Asia

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

Benefits/Key features

  • Tall quantum payday loans UT of funding
  • Versatile payment tenures
  • Competitive interest levels

Punjab Nationwide Bank

Punjab nationwide Bank provides individual loans to pensioners whom draw their retirement through some of PNB’s branches. This loan may be taken up to meet up with the medical costs of pensioners through the time if they require it most. Borrowers can avail that loan numerous times on the basis of the modification of this loan that is previous.

Benefits/Key features

  • Tall quantum of financing
  • Appealing rates of interest
  • Flexible tenures

Except that the loan that is aforementioned, you are able to submit an application for listed here schemes:

Bank of Asia

Bank of India provides BOI celebrity Pensioner Loan Scheme to an employee that is retired attracts a consistent retirement through the financial institution branch. The web pension of this applicant after the loan EMI is deducted should always be at the very least 40percent associated with the total retirement quantity.

Benefits/Key features

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

Prime Minister’s Rozgar Yojana (PMRY)

This scheme is designed to provide self-employment possibilities to the educated youth that is unemployed of country. The scheme has withstood a number of adjustments through the years, like the leisure of norms when you look at the north-east area.

Benefits/Key features

  • 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 females and weaker chapters of the culture, including SC, ST, or OBC candidates

Pradhan Mantri Mudra Yojana (PMMY) Scheme for females

This can be a loan scheme launched by the national of Asia in 2015. This scheme permits ladies to avail that loan in order to start a continuing business enterprise of the very own. There are many lenders and NBFCs in India whom provide this specific loan scheme to its clients.

Benefits/Key shows

  • Loans can be obtained under three groups – Shishu, Kishore, and Tarun
  • No security or safety is necessary
  • Interest rates levied is affordable
  • The payment tenure under this loan that is particular might go as much as 7 years
  • A female business owner may avail this loan for working money demands

Penalties and Internal Charges

LazyPay personal bank loan

Processing fee 2% associated with the loan amount
Prepayment charges Not applicable, as prepayment is certainly not supported
belated charge Rs. 10 each day

State Bank of Asia Pension Loan

Processing fee 0% to 5per cent associated with the loan amount plus GST
Prepayment charges 3% associated with prepaid loan amount

Punjab Nationwide Bank Unsecured Loan to Pensioners

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

Bank of India 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 ladies