LazyPay runs as part of PayU providing immediate financing that is personal to clients.

LazyPay runs as part of PayU providing immediate financing that is personal to clients.


LazyPay runs as an element of PayU providing immediate individual financing facilities to clients. You could get a loan all the way to Rs. 1 lakh with LazyPay. To get that loan, you need to install the LazyPay application and apply.

Benefits/Key features

  • Instant approval
  • Minimal paperwork
  • Versatile payment choices


SmartCoin can be a money that is app-based platform targetted towards the middle- and lower-income strata. The attention prices provided by the financial institution are in the greater part because of the loan tenure that is short.

Benefits/Key shows

  • Paperless application procedure
  • Fast 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 of funding
  • Versatile payment tenures
  • Competitive rates of interest

Punjab Nationwide Bank

Punjab nationwide Bank provides loans that are personal pensioners whom draw their retirement through some of PNB’s branches. This loan could be taken fully to meet up with the medical costs of pensioners throughout the right time if they require it many. Borrowers can avail a loan numerous times in line with the adjustment associated with the loan that is previous.

Benefits/Key shows

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

Apart from the loan that is aforementioned, you can make an application for the next schemes:

Bank of India

Bank of Asia provides BOI celebrity Pensioner Loan Scheme up to an employee that is retired attracts an everyday retirement through the financial institution branch. The internet pension for the applicant after the mortgage EMI is deducted should really be at the very least 40percent associated with the total retirement quantity.

Benefits/Key shows

  • 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 offer self-employment possibilities to the educated unemployed youth associated with country. The scheme has encountered a number of changes through the years, like the leisure of norms within 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 would be fond of ladies and weaker sections of the culture, including SC, ST, or OBC applicants

Pradhan Mantri Mudra Yojana (PMMY) Scheme for females

This can be a loan scheme launched by the national government of Asia in 2015. This scheme enables ladies to avail that loan to enable them to take up business of one’s own. There are many different lenders and NBFCs in Asia whom provide this loan that is particular to its clients.

Benefits/Key shows

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

Penalties and Internal Charges

LazyPay personal bank loan

Processing cost 2% of this loan amount
Prepayment charges perhaps maybe perhaps Not relevant, as prepayment isn’t supported
Late cost Rs. 10 a day

State Bank of Asia Pension Loan

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

Punjab Nationwide Bank Personal Bank Loan to Pensioners

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

Bank of Asia Celebrity Pensioner Loan Scheme

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

Pradhan Mantri Mudra Yojana (PMMY) Scheme for females

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