Lazypay Loan Apply 2024 Review, Interest Rate, Benefits

Lazypay Loan Apply 2024 Review, Interest Rate, Benefits, Eligibility: Hi friends, there are many loan apps available in the market to take loan sitting at home , but Lazypay loan app is the most popular and reliable too. So friends, in today’s article, we will tell you about the personal loan given by LazyPay App, Lazypay Personal Loan Apply 2024 , Lazypay Loan Review , Eligibility, Documents Features, Interest Rate , FAQ etc.

What is Lazypay Personal Loan

Lazypay is a platform that provides online personal loans to young professionals through a digital process. This platform especially provides other services like Personal Loan, Pay Later, Online Shopping Loan etc., for which you can apply sitting at home.

To take a personal loan from Lazypay, you have to take a Paylater loan five to six times and repayment of that loan, then you are offered a credit limit through the app itself and when your credit limit exceeds Rs 20,000 then You can apply for a personal loan through the official website or through the Lazypay App.

This app has been launched by India’s well-known company “ PayU Finance (India) Private Limited ”. This company is working as a finance service in India which is approved by Reserve Bank of India (RBI) and NBFC. This app has been launched on the Google Play Store on 19 February 2014.

Its founder ‘s name is Jitendra Gupta and its main branch is in Mumbai (Maharashtra) and this company has branches in more than 200 cities in India.

This app is developed for both android and iOS platform. Right now it has more than 50 lakh installs on Google Play Store and it has also got 4.4 rating.

LazyPay Loan Eligibility

Following are the eligibility criteria to avail Lazypay Personal Loan which are as follows:

Applicant must be a citizen of India.
Applicant age should be 22-55 years.
Civil score should be good.
You must have an active bank account.
You must also have a mobile number linked with Aadhar card.
You must have KYC documents like Aadhar card, PAN card.

Note: To take a personal loan, first you have to take a loan from Lazypay app five to six times and then you are offered a personal loan through the app, if you repayment of the loan according to the time, then you also get good credit limit.

LazyPay Loan Documents Required

The following documents are required to avail personal loan from Lazypay app which are as follows:

Aadhar Card
Pan Card
Address Proof
Bank details (a/c no, IFSC code)
A selfie

Lazypay Personal Loan Apply

First of all, you have to install Lazypay app from Google Play Store.

Complete the registration process with the help of your mobile number.
Enter your personal details like name, address, date of birth, income etc.
Now upload Aadhaar, PAN card and photo to do your eKYC.

If you are eligible then you will get Lazypay Personal, initially you will get Pay Later, due to timely payment, you will also get Personal Loan Offer.

How much loan can I take with Lazypay?

Through Lazypay app, you can take Instant Loans from Rs 10,000 to Rs 1 lakh in more than 200 cities of India. And you can use this amount anytime anywhere.

This article is also right for you:

Lazypay Loan Submission Deadline

With the Lazypay app, you can take a personal loan for 3 to 24 months and you can pay this loan in monthly installments.

Note : If you are in dire need of money then only you should apply for this loan, otherwise this loan should not be taken. You must read the terms of condition of this app before taking a loan.

Lazypay Loan Interest Rate

If you are thinking about personal loan from Lazypay app and the question must have come in your mind that how much interest rate will we have to pay.

For your information, let me tell you that the interest rates for personal loan from LazyPay range from 15% to 32% per annum.

Lazypay Loan Fees & Charges

There are some charges to be paid for taking a personal loan from LazyPay which are as follows:

Interest – 15% to 32% per annum.

Processing – Up To 2%

Fee – 18% gst for all charges

Penalty – Depends on the loan.

Where to use Lazypay Loan

You can use a personal loan to travel, buy electronics, cover medical expenses, home renovation and wedding expenses, and education purposes.

Benefits for Lazypay Loan

You can apply from home loan mobile.

Loan is available without income proof.
Salary slip is not required.
You can take an instant loan for any requirement.
With Lazypay upi, you can make online payment in just one click.
Credit score increases on timely payment.
Loan up to one lakh can be taken without guarantee.
Paylater loan can be taken without interest for 15 days.

Lazypay Loan Disadvantages

Very little loan is available in the beginning
You get a personal loan only after taking a pay letter loan two to three times.
If you do not repay the loan on time, your cibil score gets reduced.
This loan app gives loans with instant approval, due to which sometimes some people take loans without any reason and gradually fall into the loan trap.

Lazypay App is Safe ?

Yes, it is completely safe and secure mobile application. This app is approved by Reserve Bank of India (RBI) and NBFCs.

And it never shares the information shared by you with anyone and keeps your data secure with encryption.

Note : It protects data privacy and confidential information very seriously.

LazyPay App Customer Care Number

If you face any kind of problem then you can get the solution of your problem by talking to the customer care of Lazypay app. It provides you 24 hours customer service. Also you can email

My Last Word: LazyPay App Review

Today’s post must have been helpful for you, in which we have told you about the information related to LazyPay Personal Loan. Like how to apply for LazyPay personal loan, what documents are required, what are the eligibility for this and whether it gives loan in a secure way or not, all these questions have been answered. For more information you can follow loanpaye.com on the platform on social media.

Some FAQ’s on Lazy Pay Loan

Why should I take Lazypay Loan?

This app provides you instant loan with instant approval for daily needs.
Applying for this loan is easy.

Can i take loan from aadhar card

You can take loan through Aadhar card from Lazypay app, but you must also have the necessary documents approved by the government like PAN card, Aadhar card, Driving license etc.

What happens in case of non-payment of Lazypay loan?

If you have taken LazyPay Instant Personal Loan and you do not repay the same, then in this condition your credit score may get bad and you will not be able to avail any kind of online apps and banking services in future.
Lazypay mobile application treats you as defaulti.
Keep in mind: You only take the loan as per your requirement so that you can repay it on time.

How long does a LazyPay personal loan take to get approved?

This loan gets approved instantaneously.

What types of loans does LazyPay offer?

Lazypay offers various types of loans to its customers like Personal Loan, Shopping Loan, Paylater etc.

How to Repay LazyPay Personal Loan?

Lazypay loan can be paid through Imobile app.

Can I extend the repayment date?

You cannot extend your repayment date under normal circumstances, but if you face any technical issue in repayment of the loan, you can contact the customer care of the company.

What are the bank bounce charges in LazyPay loan payment?

LazyPay loan bounce charges are levied at Rs.300 per billing cycle.

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