Paisa247 review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Paisa247 is an Indian loan marketplace worth a look for borrowers with poor credit who want a fee-free application and a long term to spread repayments. It suits anyone comfortable with a hard credit check and a wide APR spread of INR 9.99 to INR 44.

Key facts

Best for
Indian adults with poor credit who need a marketplace quote without a platform fee.
APR
₹9.99 to ₹44 (Source, checked September 26, 2026)
Loan amount
₹1,000 to ₹2,500,000 (Source, checked September 26, 2026)
Term
6 to 60 months (Source, checked September 26, 2026)
Arrangement fee
0 INR - Paisa247 charges no fee to use the platform; lender processing fee 1-4% of loan amount (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Representative example
Borrow ₹2,00,000 over 36 months at 9.99% APR: EMI ₹6,660, total repayment ₹2,39,760 (Source, checked September 26, 2026)
Lender type
Marketplace (Source, checked September 26, 2026)
Eligibility
Users must be at least 18 years old and legally allowed to enter into a contract in India (Source, checked September 26, 2026)
Origination fee (%)
₹1 to ₹4 (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation, Payday (Source, checked September 26, 2026)
Credit needed
Poor (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Riga Marketplace Paisa247 Private Limited (Source, checked September 26, 2026)
Headquarters
India (Source, checked September 26, 2026)
Founded
2024 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Official website
paisa247.in

Pros and cons

Pros

  • No fee to use the platform; only the lender charges a processing fee of INR 1 to INR 4
  • Loan sizes of INR 1,000 to INR 2,500,000 fit both small urgent needs and larger home work
  • A hard credit check but applications are open to borrowers with poor credit, and 44.9% of lenders in this category also serve that group
  • Support runs on email, phone and help centre for questions before and after an application

Cons

  • APR of INR 9.99 to INR 44 is a wide spread, and the top of that range is far above the 12.25% typical of personal loans here
  • Applications run a hard credit check, a step 76.5% of lenders in this category use, so a rejection is visible to other lenders
  • The lender sets the processing fee of INR 1 to INR 4 rather than the marketplace, so the final cost depends on the match
Paisa247

Ready to try Paisa247?

Scored 8.7 / 10 by BorrowCue.

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Who it suits

  • Borrowers in India with poor credit history who need personal, payday or debt consolidation loans
  • Households funding home improvement who want a term of 6 to 60 to spread the cost
  • People who want to compare lenders in one place without paying a platform fee

Who should look elsewhere

  • Borrowers who want a fixed price before applying, since APR runs INR 9.99 to INR 44 and the fee sits with the lender
  • Anyone who wants to avoid a hard credit check on their file, since applications run a hard credit check and the result is visible to other lenders
  • Readers shopping in Spain or the Philippines, where the compared brands such as Cashspace and Monzo Flex sit

The company behind it

Paisa247 is a marketplace rather than a lender itself, run by Riga Marketplace Paisa247 Private Limited with a base in India. Founded in 2024, it is a recent operation rather than an established bank. Help runs through email, phone and help centre, covering email, phone and a help centre, and the rate you are offered comes from a partner lender.

How Paisa247 compares

Where Paisa247 is available

Available
India

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does Paisa247 cost to use?+

Using the platform carries no fee. The only charge comes from the lender that matches you, and its processing fee is INR 1 to INR 4 of the loan amount. That means the cost you pay is set by the lender, not by Paisa247, so it is worth comparing offers before accepting one.

How much can I borrow and for how long?+

Loan amounts run INR 1,000 to INR 2,500,000 and terms run 6 to 60. A wide range like this covers small urgent sums through to larger renovation costs. The marketplace model means the amount you are offered depends on which partner lender approves you and what they assess.

What APR will I pay?+

APR runs INR 9.99 to INR 44, which is a wide spread and the main thing to check before you apply. The lender decides where in that range your application lands, based on your credit profile and the offer. Paisa247 itself does not set the rate.

Will applying hurt my credit score?+

Applications run a hard credit check, so lenders can see the outcome of your application. This is normal for a full application, but a decline may stay visible. If that matters, weigh it before applying, especially if you have poor credit.

Who can apply?+

Applicants must be adults and legally able to enter into a contract in India. Borrowers with poor credit are still able to apply, which is the point of a marketplace. You need to be a legal adult and able to take on a repayment obligation.

What kinds of loan can I get?+

The marketplace covers personal, payday and debt consolidation loans, and home improvement is the stated use. Personal and consolidation loans suit planned spending or clearing debt. A payday product is shorter term and more expensive, so check the term before choosing it.

How do I get help?+

Support runs on email, phone and help centre. That gives you email, phone and a help centre, which is useful for questions about a lender offer or your application status. Keep the lender's own details as well, since they set the fee and the rate.

Is Paisa247 a lender?+

Paisa247 is a marketplace, not the lender that funds you. It is run by Riga Marketplace Paisa247 Private Limited, based in India and founded in 2024. The contract you sign is with the partner lender, which is also who sets the processing fee.

Sources

  • paisa247.in checked September 26, 2026

    Backs: Loan amount, APR, Founded, Arrangement fee, Origination fee (%), Representative example, Term

    “₹1,000 ... ₹ 25 Lakh”

  • paisa247.in/about-us checked September 26, 2026

    Backs: Use cases

    “Whether you're looking to consolidate debt, finance a home improvement project, or simply need some extra cash”

  • paisa247.in/faq checked September 26, 2026

    Backs: Credit needed

    “Can I apply for a Loan if I have Zero or Low CIBIL score?”

  • paisa247.in/lenders checked September 26, 2026

    Backs: Loan types

    “Discover top personal loan offers in India ... Whether you're looking to consolidate debt, finance a home improvement project, or simply need some extra cash”

  • paisa247.in/terms-and-conditions checked September 26, 2026

    Backs: Credit check, Eligibility, Headquarters, Legal entity, Lender type, Support channels

    “Paisa247 shall also run multiple credit checks to be able to get the best available offers to suit the needs of the Users”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Funding time.

Paisa247

Paisa247

Indian adults with poor credit who need a marketplace quote without a platform fee.

8.7/10See alternatives

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