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We Rize Loan against Property
We Rize Loan against Property
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We Rize Loan against Property
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We Rize Loan against PropertyHere are a few factors
| Location | PAN India |
| CIBIL Score | 650+ |
| Applicant | Only Salaried Applicant |
| Applicant Age | 21 Year to 60 Year |
| Loan Amount & Tenure | 5
Lac to 75 Lac (5 year to 15 year) |
| Login Fees | 3000 |
| Rate of Interest & Type | 11% to 16% (Reducing) |
| TAT | 15 Days |
| Processing Fees | 1% |
| Foreclosure Charges | Insurance Charges:2%-4% |
| Insurance | As per Age |
| Minimum Business Vintage | 2 Year |
| Lock In Period | 1 Year |
| Part Payment Allowed | Yes |
| LTV | Residential Property-70% |
| Product | (i) Fresh LAP (ii) BT+Top UP |
| Program | Income Program-75 Lac |
| FOIR | If Salary<30K-45% of Net Salary, If Salary>30K-50-70% |
| Cautious Profile | No Catious Profile |
| Negative Profile | All Self Employed Person |
| Funded Property | (i)
Residential Property (ii) Subject to Sale Deed (iii) Single Sale Deed (iv)
Khasra Khatauni (v) Lal Dora (vi) Stone Slab Property (vi) Sub-divided Property (vii) Basement (viii) Without MAP Property (ix) Bachha Flat (x) Legal & Technical not clear |
| Negative Property | Other than Residential Property |
| Accepted Collateral | Other than Negative Property |
| Specific Property wise Funding Limit | On all Property funding upto 75 Lac |
| Any Specific Product for Professionals | No |
| USP | Low Value Funding |
We Rize Loan against Property EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 11 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,838 |
| Total Interest | ₹ 6,058 |
| Loan Amount + Interest | ₹ 106,058 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,982 | ₹ 2,532 | ₹ 26,514 | ₹ 76,018 | 23.98 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,015 | ₹ 3,527 | ₹ 79,542 | ₹ 3 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for We Rize Loan against Property
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
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