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 operates as part of PayU offering immediate individual financing facilities to clients. A loan can be got by you of up to Rs. 1 lakh with LazyPay. To get that loan, you want to install the LazyPay apply and app.

Benefits/Key features


SmartCoin can be a money that is app-based platform targetted towards the center- and lower-income strata. The attention prices provided by the financial institution are from the higher part due to the loan tenure that is short.

Benefits/Key highlights

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

State Bank of India

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 features

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

Punjab Nationwide Bank

Punjab nationwide Bank provides individual loans to pensioners who draw their retirement through any one of PNB’s branches. This loan may be taken fully to meet with the medical costs of pensioners throughout the right time if they require it many. Borrowers can avail that loan numerous times on the basis of the modification associated with the past loan.

Benefits/Key features

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

Apart from the loan that is aforementioned, you are able to 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 a consistent retirement through the financial institution branch. The web retirement for the applicant after the mortgage EMI is deducted should always be at the very least 40percent for the pension amount that is total.

Benefits/Key features

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

Prime Minister’s Rozgar Yojana (PMRY)

This scheme aims to provide self-employment possibilities to the educated unemployed youth associated with nation. The scheme has encountered many changes through the years, such as the leisure of norms into 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 as much as Rs. 1 lakh
  • Preference is likely to be fond of ladies and weaker parts of the culture, including SC, ST, or OBC candidates

Pradhan Mantri Mudra Yojana (PMMY) Scheme for females

This might be that loan scheme launched by the national government of Asia in 2015. This scheme permits ladies to avail that loan in order to take up business of the very own. There are many different lenders and NBFCs in Asia whom offer this specific loan scheme to its clients.

Benefits/Key shows

  • Loans can be obtained under three groups – Shishu, Kishore, and Tarun
  • No security or protection is necessary
  • Interest rates levied is affordable
  • The payment tenure under this loan that is particular might go 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% of this loan quantity
Prepayment charges maybe Not applicable, as prepayment just isn’t supported charge this is certainly late a day

State Bank of Asia Pension Loan

Processing fee 0% to 5percent associated with the loan amount plus GST
Prepayment charges 3% associated with the prepaid loan quantity

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 females