LazyPay runs as an element of PayU offering immediate individual financing facilities to clients.

LazyPay runs as an element of PayU offering immediate individual financing facilities to clients.


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

Benefits/Key features

  • Instant approval
  • Minimal documentation
  • Versatile payment choices


SmartCoin is definitely an app-based money financing platform targetted towards the center- and lower-income strata. The attention prices made available from the financial institution are regarding the greater part due to the loan tenure that is short.

Benefits/Key features

  • Paperless application procedure
  • Quick loan disbursal
  • Minimal documentation
  • 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 retirement from some of the SBI branches.

Benefits/Key shows

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

Punjab Nationwide Bank

Punjab nationwide Bank offers loans that are personal pensioners whom draw their retirement through some of PNB’s branches. This loan may be taken fully to meet with the medical expenses of pensioners through the right time once they require it most. Borrowers can avail that loan numerous times based on the modification regarding the loan that is previous.

Benefits/Key shows

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

Except that the aforementioned loan schemes, you’ll be able to make an application for the next schemes:

Bank of Asia

Bank of Asia provides BOI celebrity Pensioner Loan Scheme to an employee that is retired draws a typical retirement through the lender branch. The web retirement for the applicant after the mortgage EMI is deducted should really be at the least 40percent for the total retirement amount.

Benefits/Key features

  • Tall quantum of finance
  • Among the interest rates that are lowest 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 youth that is unemployed of nation. The scheme has encountered a number of adjustments over time, like the relaxation of norms when you look at the north-east area.

Benefits/Key shows

  • Loan for the unemployed between your chronilogical age of 18 and 35 years
  • No collateral necessary for loans up to Rs. 1 lakh
  • Choice may be provided to ladies and weaker parts of the culture, including SC, ST, or OBC candidates

Pradhan Mantri Mudra Yojana (PMMY) Scheme for females

This can be that loan scheme launched by the national government of Asia in 2015. This scheme permits females to avail that loan in order to begin business enterprise of one’s own. There are many lenders and NBFCs in Asia whom provide this specific loan scheme to its clients.

Benefits/Key features

  • Loans can be found under three groups – Shishu, Kishore, and Tarun
  • No security or collateral is necessary
  • Interest levels levied is affordable
  • The payment tenure under this loan that is particular may get as much as 7 years
  • A lady business owner may avail this loan for working capital needs

Penalties and Internal Charges

LazyPay Personal Loan

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

State Bank of Asia Pension Loan

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

Punjab Nationwide Bank Personal Bank Loan to Pensioners

payday loans in Mississippi

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 ladies