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PaySense is registered with RBI as an NBFC. You must be aware of your lender before applying for a loan with them. Since legal RBI licensed lenders tend to follow a code of conduct and a strict set of guidelines while working with borrowers, it is good to identify startups that are registered with RBI and take loans from them. Such procedures ensure that everyone gets the best possible experience. If a lender is not an RBI approved one or does not have Indian incorporation, it is mostly probably unauthorized and not bound by privacy rules.
Check PaySense Instant personal loan
In the present times, there are several innovative and technologically advanced personal loan apps that aim towards improving access to credit and financial inclusion for the Indian population. However, there are apps that lend illegally. So, both the lenders and the borrowers have to be cautious before they opt for a loan via apps.