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

LazyPay operates as part of PayU providing immediate financing that is personal 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 financing, you need to install the LazyPay application and apply.

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Benefits/Key shows

  • Instant approval
  • Minimal paperwork
  • Versatile repayment choices


SmartCoin is an app-based cash financing platform targetted towards the center- and lower-income strata. The attention prices made available from the lending company are in the greater part due to the quick loan tenure.

Benefits/Key shows

  • Paperless application process
  • Fast loan disbursal
  • Minimal paperwork
  • Perform loan center available

State Bank of Asia

State Bank of Asia offers 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 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 may be taken fully to meet up with the medical costs of pensioners through the time once they require it many. Borrowers can avail a loan numerous times in line with the modification of this past loan.

Benefits/Key highlights

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

Apart from the aforementioned loan schemes, you can make an application for listed here schemes:

Bank of Asia

Bank of India provides BOI celebrity Pensioner Loan Scheme to an employee that is retired attracts a typical retirement through the lender branch. The web pension of this applicant after the mortgage EMI is deducted must certanly be at the very least 40percent of this 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 documentation for processing

Prime Minister’s Rozgar Yojana (PMRY)

This scheme aims to offer self-employment possibilities to the educated unemployed youth associated with the nation. The scheme has withstood many customizations over time, like the leisure of norms when you look at the region that is north-east.

Benefits/Key shows

  • Loan for the unemployed between your chronilogical age of 18 and 35 years
  • No collateral needed for loans as much as Rs. 1 lakh
  • Choice is supposed to be directed at females and weaker chapters of the culture, including SC, ST, or OBC candidates

Pradhan Mantri Mudra Yojana (PMMY) Scheme for females

This really is a loan scheme launched by the national of Asia in 2015. This scheme enables women to avail that loan in order to begin a continuing business of one’s own. There are many different lenders and NBFCs in Asia whom provide this specific loan scheme to its customers.

Benefits/Key features

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

Penalties and Internal Charges

LazyPay personal bank loan

Processing cost 2% associated with loan quantity
Prepayment charges maybe maybe Not relevant, as prepayment isn’t supported cost that is late each day

State Bank of Asia Pension Loan

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

Punjab National 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% for the loan quantity
Prepayment fees Nil

Pradhan Mantri Mudra Yojana (PMMY) Scheme for ladies