LazyPay operates as an element of PayU providing instant individual financing facilities to customers.

LazyPay operates as an element of PayU providing instant individual financing facilities to customers.


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

Benefits/Key shows

  • Instant approval
  • Minimal paperwork
  • Versatile payment choices


SmartCoin is definitely an app-based cash financing platform targetted towards the center- and lower-income strata. The attention prices provided by the financial institution are in the greater side due to the loan tenure that is short.

Benefits/Key shows

  • Paperless application procedure
  • Fast loan disbursal
  • Minimal paperwork
  • Repeat 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 shows

Punjab Nationwide Bank

Punjab National 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 through the right time if they require it many. Borrowers can avail that loan numerous times on the basis of the adjustment for the loan that is previous.

Benefits/Key features

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

Except that the aforementioned loan schemes, you could submit an application for the next schemes:

Bank of Asia

Bank of India provides BOI celebrity Pensioner Loan Scheme to a retired worker who attracts a typical retirement through the lender branch. The web retirement of this applicant after the mortgage EMI is deducted is at the very least 40percent for the pension amount that is total.

Benefits/Key features

  • Tall quantum of finance
  • Among the cheapest interest levels 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 unemployed youth regarding the nation. The scheme has withstood a number of alterations over time, like the leisure of norms within the north-east region.

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 is likely to be fond of ladies and weaker parts of the culture, including SC, ST, or OBC applicants

Pradhan Mantri Mudra Yojana (PMMY) Scheme for females

This will be a loan scheme launched by the national of Asia in 2015. This scheme permits females to avail that loan in order to begin business of these very own. There are many different lenders and NBFCs in Asia who 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 collateral is necessary
  • Interest rates levied is affordable
  • The repayment tenure under this loan that is particular may get up to 7 years
  • A female entrepreneur might avail this loan for working money demands

Penalties and Internal Charges

LazyPay personal bank loan

Processing charge 2% associated with the loan quantity
Prepayment charges perhaps Not relevant, as prepayment just isn’t supported
belated cost Rs. 10 each day

State Bank of Asia Pension Loan

Processing fee 0% to 5% regarding the loan amount plus GST
Prepayment charges 3% of this loan amount that is prepaid

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% regarding the loan quantity
Prepayment fees Nil

Pradhan Mantri Mudra Yojana (PMMY) Scheme for ladies

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