Simple Ways To Get LazyPay Personal Loan

LazyPay is a PayU subsidiary that provides personal loans. It’s an app-based program that’s assisting hundreds of people with their personal loan needs. It could be a medical emergency, a home renovation, a family trip, or a long-overdue vacation. LazyPay personal loan is starting at Rs. 10,000 that are immediately disbursed to your account and can be repaid within the tenure varying from 3 months up to 24 months.  

Features and benefits of LazyPay Personal Loan 
To use the App-based personal loan service provider, you just need a basic understanding of the internet. The following are some of the advantages of a LazyPay Personal Loan: 

  • It’s easy to get from the comfort of your own house. 
  • Loans are disbursed quickly. 
  • In a fraction of a second, you’ll know if you’re eligible for a loan. 
  • Personal loan interest rates at their lowest. 
  • A loan sum ranging from Rs. 10,000 to Rs. 1 lakh is eligible. 
  • A transparent application loan process is required.  
  • Less paperwork 
  • Affordable EMIs  
  • Feasible and hassle-free repayment process required  
  • Easy to select the loan tenure to meet your requirements starting from 3 months up to 24 months.  
  • The credit limit for professionals is increased with a monthly salary of more than Rs. 30,000.  

Interest rates of LazyPay Personal Loan
The LazyPay offers personal loans at interest rates ranging from 15% up to 28% that are influenced by the factors like your credit score, income age, employer, etc.  

LazyPay Personal Loan eligibility criteria 
LazyPay has carried out the eligibility requirements in compliance with the guidelines set out by government agencies. These criteria can be used to assess a borrower’s eligibility for a personal loan. The following are the most important features of the eligibility criteria: 

  • An applicant must be at least 18 years old. 
  • He/she should be a resident of India. 
  • His know-your-customer (KYC) procedure should be quick. 
  • As a salaried employee or a self-employed professional, he should be. 
  • His monthly income should be at least Rs. 30,000. 
  • If he/she is a salaried employee, he must have worked for the current employer for at least six months. 

LazyPay personal loan documents required 
Here are some documents required for LazyPay Personal Loan:  

  • The application for a personal loan was completed online. 
  • Passport/ Voter ID/ Driving License/ PAN Card/ Aadhar Card – copy in support of ID evidence document 
  • The government of India has released a copy of the PAN card paper. 
  • Evidence of profits – the previous three months’ payslip from the current employer. 
  • Income proof must be of last 6 months  
  • IT Returns, income proof for the self-employed employee.  

How to apply for LazyPay Personal Loan? 
To apply for a LazyPay Personal Loan, you must first complete the following steps: 

  • Install the LazyPay mobile application on an Android-enabled smartphone and complete the process. 
  • Fill in the blanks. 
  • Please upload the appropriate documents. 
  • You’ll get immediate approval on the mobile app after the application and documents have been checked and confirmed. 

LazyPay Personal Loan Interest Rate 
Read the highlights of LazyPay Personal Loan interest rates and charges in a simple way. Some points are mentioned as:  

Lenders Name  LazyPay 
Interest Rate  15% – 32% P.A. 
Processing Fee  NA 
Loan Amount  Starting from ₹ 10,000 to ₹ 1,00,000 
Loan Tenure  3-24 months  

How to use LazyPay Personal Loan app? 
With the help of the following steps, you can apply for LazyPay Personal Loan and use the application from anywhere:  

  • On the official website, go to the download LazyPay app option. 
  • To log in, enter your phone number after downloading the app. 
  • To see if you’re eligible for a loan, enter your PAN card number. 
  • Upload your documents to finish your loan application. 
  • To obtain the funds, enter your bank account details.

Calculate LazyPay Personal Loan EMI
Personal Loanworks sort of acredit limit which suggestsyou get a credit limit to use it later. However, the interest is charged on the used amount but before applying for personalloan from the LazyPay app, take the assistanceof an EMI calculator to plan your repayment at your convenience.

EMI calculator is afree tool and easyto use. In this case, you canenter the loan amount, rate of interest,and therefore thedesired repayment tenure. Once you are doingall this, the EMI calculator will show you the results as shown below. 

Loan Amount  ₹ 50,000 
Interest Rate  15% P.A. 
Tenure   6 months 

For example, you apply for aloan of ₹ 50,000 from the LazyPay app at an attractive rate of interest of 15% p.a.for 6 months, then you’ll see the results as shown with thefollowing table: 

1ST  ₹ 8,077  ₹ 625  ₹ 8,702  ₹ 41,923  16.15% 
2ND   ₹ 8,178  ₹ 524  ₹ 8,702  ₹ 33,746  32.51% 
3RD   ₹ 8,280  ₹ 422  ₹ 8,702  ₹ 25,466  49.07% 
4th   ₹ 8,383  ₹ 318  ₹ 8,702  ₹ 17,082  65.84% 
5th   ₹ 8,488  ₹ 214  ₹ 8,702  ₹ 8,594  82.81% 
6th   ₹ 8,594  ₹ 107  ₹ 8,702  ₹ 0  100% 

How to contact LazyPay Customer Care?
If a user encounters any difficulties, he or she can contact LazyPay customer service at the following address: 

With the above-mentioned information of LazyPay Personal Loan check the interest rate, loan amount, and repayment tenure. The LazyPay Personal Loan app is listed as one of the best personal loan app offered to the individual. If you want to choose this application of your choice with complete details, then read the guidelines carefully or contact customer service for more information.