Destination for Development

LazyPay runs as part of PayU providing immediate financing that is personal to customers.


LazyPay runs as part of PayU providing immediate financing that is personal to customers.


LazyPay runs as a part of PayU providing immediate financing that is personal to clients. You may get that loan all the way to Rs. 1 lakh with LazyPay. To get financing, you need to install the LazyPay application and apply.

Benefits/Key features

  • Instant approval
  • Minimal paperwork
  • Versatile payment choices


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

Benefits/Key features

  • Paperless application process
  • Fast 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 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 provides loans that are personal pensioners whom draw their retirement through any one of PNB’s branches. This loan could be taken fully to meet with the medical costs of pensioners through the time once they require it many. Borrowers can avail financing numerous times in line with the modification associated with the loan that is previous.

Benefits/Key shows

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

Apart from the aforementioned loan schemes, you may want to make an application for the next schemes:

Bank of India

Bank of Asia provides BOI celebrity Pensioner Loan Scheme to a retired worker who attracts a consistent retirement through the lender branch. The web retirement associated with the applicant after the mortgage EMI is deducted must be at the very least 40percent regarding the total retirement amount.

Benefits/Key features

  • High quantum of finance
  • Among the cheapest interest levels on unsecured loans in India
  • Minimal paperwork for processing

Prime Minister’s Rozgar Yojana (PMRY)

This scheme is designed to offer self-employment possibilities to the educated unemployed youth associated with nation. The scheme has withstood a number of adjustments over time, like the relaxation of norms within the north-east area.

Benefits/Key features

  • 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 may be directed at females and weaker chapters of the culture, including SC, ST, or OBC candidates

Pradhan Mantri Mudra Yojana (PMMY) Scheme for ladies

It is a loan scheme launched by the national government of Asia in 2015. This scheme enables ladies to avail that loan to enable them to begin a continuing business of one’s own. There are many different lenders and NBFCs in Asia who 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 might go 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

online payday loans Arkansas

Processing charge2% of this loan quantity
Prepayment charges Not applicable, as prepayment just isn’t supported
belated costRs. 10 each day

State Bank of Asia Pension Loan

Processing fee0% to 5percent associated with the loan amount plus GST
Prepayment charges3% of this loan amount that is prepaid

Punjab Nationwide Bank Unsecured Loan to Pensioners

Processing costNil
Prepayment chargesNil
Documentation costsUp to Rs. 450 plus GST

Bank of Asia Celebrity Pensioner Loan Scheme

Processing costas much as 2% associated with loan quantity
Prepayment feesNil

Pradhan Mantri Mudra Yojana (PMMY) Scheme for females

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