
Here are a few factors
Location | PAN INDIA |
CIBIL Score | 650+ |
Minimum Salary Per Month | 12000/-Per Month (Above 50k NTC) |
Salary Mode | NEFT,RTGS,IMPS & COMPANY TRANSFER |
Applicant Age | 21 Year to 55 Year |
Loan Amount & Tenure | 30000
to 5 Lac (12 Month to 36 Month) |
Rate of Interest (Type) | 15% to 22% (Reducing) |
Processing Fees | 1% - 3% |
Processing Mode & TAT | Processing:
Online TAT: 1 Day to 7 Days |
Foreclosure Charges | 1% - 5% |
Part Payment Allowed | No |
OD Product | No |
BT+TopUp | No |
Minimum Job Experience | 12 Months |
Current Employer Business Vintage | 1 Year |
FOIR | 60% of Net Salary |
Whether Co-Applicant Mandatory | If Applicant is not having Ownership Proof then Co-Applicant mandatory |
USP | 1.
Funding to All Employee whether its Proprietorship Firm/Partnership Firm/LLP or Company. If employee working in Proprietorship Firm then PF deduction is mandatory 2. funding to Minus 1 Cibil Applicant |
Negative Profile | 1.
NRI Employee 2. Employee whose Salary receive in Cash & UPI 3. Personal working in NGO |
werize personal loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
Loan Amount | ₹100,000 |
Interest % | 15 % |
Tenure (months) | 12 |
Emi (monthly) | ₹ 9,026 |
Total Interest | ₹ 8,310 |
Loan Amount + Interest | ₹ 108,310 |
Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
₹ 23,621 | ₹ 3,457 | ₹ 27,078 | ₹ 76,379 | 23.62 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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₹ 76,381 | ₹ 4,853 | ₹ 81,234 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Required Documents to Apply for Werize Personal Loan
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KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
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Last 3 month Salary Slip
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Last 6 month Bank Statement in PDF
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Form 16 of last 2 year
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Rent Agreement if rented or Utility Bill if residence is owned
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Sanction Letter of all current running loan if any
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Office ID Card or Official EMAIL ID if any
What Makes Us the Best Choice for Personal Loan?
Faster and Accurate Delivery
No-Geographical Limitations
Customized Repayment Options
No Collateral Required
No Hidden Charges
No paperwork
About Werize Personal Loan
We Rize is a digital lender that provides easy access to customized unsecured personal loans to salaried employees, without pledging any collateral. Our personalized approach enables us to serve your needs better and at much lower interest rates than traditional banks and NBFCs. We Rize is the fintech company that makes the unsecured personal loan process easy and affordable while giving you complete control over how you spend your money. With We Rize, we tailor a financing solution that meets your needs — whether you need to pay off credit card debt or make home improvements, we’re here to help.
Despite several government initiatives and favorable tax benefits, a salaried person in the lower tax bracket is unlikely to get a loan without pledging gold or securities with a bank or a non-banking financial company (NBFC).
Start with Werize Personal Loans in few steps
If you are planning to apply for a personal loan at Werize Personal there are certain details that you should be aware of, Let’s discuss:

Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.

Let us take an example, How EMI is being calculated
For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee upto 2-3% of loan amount may apply. T&C apply.Year | Principal (A) |
Interest (B) |
Total Payment (A + B) |
Balance | Loan Paid To Date |
---|---|---|---|---|---|
2022 | ₹ 11,363 | ₹ 5,969 | ₹ 17,333 | ₹ 88,637 | 11.36% |
Aug | ₹ 2,217 | ₹ 1,250 | ₹ 3,467 | ₹ 97,783 | 2.22% |
Sep | ₹ 2,244 | ₹ 1,222 | ₹ 3,467 | ₹ 95,539 | 4.46% |
Oct | ₹ 2,272 | ₹ 1,194 | ₹ 3,467 | ₹ 93,267 | 6.73% |
Nov | ₹ 2,301 | ₹ 1,166 | ₹ 3,467 | ₹ 90,966 | 9.03% |
Dec | ₹ 2,329 | ₹ 1,137 | ₹ 3,467 | ₹ 88,637 | 11.36% |
2023 | ₹ 30,332 | ₹ 11,266 | ₹ 41,598 | ₹ 58,305 | 41.70% |
Jan | ₹ 2,359 | ₹ 1,108 | ₹ 3,467 | ₹ 86,278 | 13.72% |
Feb | ₹ 2,388 | ₹ 1,078 | ₹ 3,467 | ₹ 83,890 | 16.11% |
Mar | ₹ 2,418 | ₹ 1,049 | ₹ 3,467 | ₹ 81,472 | 18.53% |
Apr | ₹ 2,448 | ₹ 1,018 | ₹ 3,467 | ₹ 79,024 | 20.98% |
May | ₹ 2,479 | ₹ 988 | ₹ 3,467 | ₹ 76,545 | 23.45% |
Jun | ₹ 2,510 | ₹ 957 | ₹ 3,467 | ₹ 74,036 | 25.96% |
Jul | ₹ 2,541 | ₹ 925 | ₹ 3,467 | ₹ 71,495 | 28.51% |
Aug | ₹ 2,573 | ₹ 894 | ₹ 3,467 | ₹ 68,922 | 31.08% |
Sep | ₹ 2,605 | ₹ 862 | ₹ 3,467 | ₹ 66,317 | 33.68% |
Oct | ₹ 2,638 | ₹ 829 | ₹ 3,467 | ₹ 63,679 | 36.32% |
Nov | ₹ 2,671 | ₹ 796 | ₹ 3,467 | ₹ 61,009 | 38.99% |
Dec | ₹ 2,704 | ₹ 763 | ₹ 3,467 | ₹ 58,305 | 41.70% |
2024 | ₹ 35,208 | ₹ 6,390 | ₹ 41,598 | ₹ 23,097 | 76.90% |
Jan | ₹ 2,738 | ₹ 729 | ₹ 3,467 | ₹ 55,567 | 44.43% |
Feb | ₹ 2,772 | ₹ 695 | ₹ 3,467 | ₹ 52,795 | 47.20% |
Mar | ₹ 2,807 | ₹ 660 | ₹ 3,467 | ₹ 49,988 | 50.01% |
Apr | ₹ 2,842 | ₹ 625 | ₹ 3,467 | ₹ 47,147 | 52.85% |
May | ₹ 2,877 | ₹ 589 | ₹ 3,467 | ₹ 44,270 | 55.73% |
Jun | ₹ 2,913 | ₹ 553 | ₹ 3,467 | ₹ 41,356 | 58.64% |
Jul | ₹ 2,950 | ₹ 517 | ₹ 3,467 | ₹ 38,407 | 61.59% |
Aug | ₹ 2,986 | ₹ 480 | ₹ 3,467 | ₹ 35,420 | 64.58% |
Sep | ₹ 3,024 | ₹ 443 | ₹ 3,467 | ₹ 32,397 | 67.60% |
Oct | ₹ 3,062 | ₹ 405 | ₹ 3,467 | ₹ 29,335 | 70.67% |
Nov | ₹ 3,100 | ₹ 367 | ₹ 3,467 | ₹ 26,235 | 73.76% |
Dec | ₹ 3,139 | ₹ 328 | ₹ 3,467 | ₹ 23,097 | 76.90% |
2025 | ₹ 23,097 | ₹ 1,169 | ₹ 24,266 | ₹ 0 | 100.00% |
Jan | ₹ 3,178 | ₹ 289 | ₹ 3,467 | ₹ 19,919 | 80.08% |
Feb | ₹ 3,218 | ₹ 249 | ₹ 3,467 | ₹ 16,701 | 83.30% |
Mar | ₹ 3,258 | ₹ 209 | ₹ 3,467 | ₹ 13,443 | 86.56% |
Apr | ₹ 3,298 | ₹ 168 | ₹ 3,467 | ₹ 10,145 | 89.86% |
May | ₹ 3,340 | ₹ 127 | ₹ 3,467 | ₹ 6,805 | 93.19% |
Jun | ₹ 3,381 | ₹ 85 | ₹ 3,467 | ₹ 3,424 | 96.58% |
Jul | ₹ 3,424 | ₹ 43 | ₹ 3,467 | ₹ 0 | 100.00% |
FREQUENTLY ASKED QUESTIONS
WeRize will adjust your current in-hand salary to calculate the loan amount with your existing EMI payments to calculate the loan amount.
The maximum loan repayment period will be 3 years (36 months)
EMI is the amount you pay every month to repay a loan. It is calculated by dividing the total disbursed principal and total interest by the number of installments in which the loan has to be paid back.
WeRize will send you an approval and sanction letter within 3 working days of receiving the required documents. After this, they'll initiate the agreement creation, verification, and disbursal process.
The loan amount will be directly deposited into your salary bank account, which you provided. No disbursement of funds will be made in cash or by cheque.
The basic eligibility criteria are as below –
Minimum total work experience of One year.
Net in hand salary per month should be at least INR 12,000 transfer.
The current total EMI of the customer should be less than 50% of their net in-hand salary.
Customers should not have a current overdue on any loan.
The maximum loan amount WeRize offer is INR 5,00,000 (5 lacs). The loan amount is calculated based on the current in-hand salary and adjusting it with existing loan EMIs.
The maximum loan period for WeRize Personal Loan will be 3 years (36 months)
EMI will be deducted directly from the customer's bank account on the EMI date of every month by registering NACH (National Auto Clearing House). The customer will have to submit a duly signed (signature should match with bank database) NACH mandate form. This mandate form will be shared along with the loan agreement. In case the NACH mandate is not registered/rejected, customers can make the payment via online transfer (NEFT / IMPS / UPI / Paytm / Google Pay / Phone Pe) from their bank account.
The following basic documents are required for the evaluation of the customer –
Aadhar Card.
PAN Card.
The current total EMI of the customer should be less than 50% of their net in-hand salary.
1 salary slip (out of past 6 months of current employment) or Salary Certificate from the company HR.
Bank statement for the last 12 months of the Salary Bank Account, in original Bank PDF format.
The following documents are considered as the proof of own house for WeRize Personal Loan:
Sale deed
NOC
Sale agreement
Allotment letter
Possession letter
Bureau report available – CIBIL, Equifax, Experian, and CRIF. These reports provide the customer's credit history regarding the loans and credit cards taken by them. It also provides the repayment history and any prior or current payment delay. We will be taking out any one of the 4 available reports of the customer to check their previous history for our loan evaluation.