LazyPay runs as part of PayU providing immediate individual financing facilities to clients.

LazyPay runs as part of PayU providing immediate individual financing facilities to clients.


LazyPay runs as part of PayU providing instant individual financing facilities to clients. You may get a loan all the way to Rs. 1 lakh with LazyPay. To get that loan, you want to install the LazyPay application thereby applying.

Benefits/Key features

  • Instant approval
  • Minimal paperwork
  • Versatile payment choices


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

Benefits/Key features

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

State Bank of Asia

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

Benefits/Key shows

  • Tall quantum of funding
  • Versatile payment tenures
  • Competitive rates of interest

Punjab Nationwide Bank

Punjab nationwide Bank provides individual loans to pensioners whom draw their pension through some of PNB’s branches. This loan may be taken up to meet with the medical costs of pensioners through the time if they require it many. Borrowers can avail that loan numerous times in line with the adjustment for the past loan.

Benefits/Key shows

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

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

Bank of Asia

Bank of Asia provides BOI celebrity Pensioner Loan Scheme to an employee that is retired attracts an everyday retirement through the financial institution branch. The web retirement regarding the applicant after the mortgage EMI is deducted must certanly be at the least 40percent associated with pension amount that is total.

Benefits/Key features

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

Prime Minister’s Rozgar Yojana (PMRY)

This scheme is designed to offer self-employment opportunities to the educated unemployed youth regarding the nation. The scheme has withstood many alterations through the years, such as 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 may be provided to females and weaker parts of the culture, including SC, ST, or OBC candidates

Pradhan Mantri Mudra Yojana (PMMY) Scheme for ladies

This might be that 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 numerous lenders and NBFCs in Asia whom provide this loan that is particular to its clients.

Benefits/Key features

  • Loans can be found under three groups – Shishu, Kishore, and Tarun
  • No security or protection is needed
  • Interest levels levied is affordable
  • The repayment tenure under this specific loan scheme may get as much as 7 years
  • A lady business owner might avail this loan for working money needs

Penalties and Internal Charges

LazyPay personal bank loan

Processing charge 2% of this loan quantity
Prepayment charges perhaps Not relevant, as prepayment isn’t supported charge this is certainly late a day

State Bank of Asia Pension Loan

Processing fee 0% to 5per cent associated with the loan amount plus GST
Prepayment charges 3% for the 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% of this loan quantity
Prepayment fees Nil

Pradhan Mantri Mudra Yojana (PMMY) Scheme for females