Log In
werize personal loan

Here are a few factors

How To Apply
Product Rating

( 4.4 /5 )

Total - 335 ratings

5 ★
205
4 ★
95
3 ★
21
2 ★
4
1 ★
10
Security We request no collateral for our loan.
Loan Amount Starting from INR 50,000 to INR 5,00,000
Tenure Starting from 6 months to a maximum of 3 years
Interest Rates 15% - can vary based on the profile of the customer
Required Salary INR 12,000 per month - in hand
Purpose of Loan Marriage, Medical Treatment, Education for self or family, Rental Deposit, Pilgrimage, Home improvement, etc.

werize personal loan EMI Calculator

Interest Type

Loan Amount

₹

Interest Rate

%

Loan Tenure

Mo
Loan Amount₹100,000
Interest %15 %
Tenure (months)12
Emi (monthly)₹ 9,026
Total Interest₹ 8,310
Loan Amount + Interest₹ 108,310
YearTotal Principal
( A )		Total Interest
( B )		Balance
( A + B)		Total Payment Loan Paid Till Date (%)
₹ 56,516₹ 6,666₹ 63,182₹ 43,48456.52 %
Jun₹ 7,776₹ 1,250₹ 9,026₹ 92,2247.78 %
Jul₹ 7,873₹ 1,153₹ 9,026₹ 84,35115.65 %
Aug₹ 7,972₹ 1,054₹ 9,026₹ 76,37923.62 %
Sep₹ 8,071₹ 955₹ 9,026₹ 68,30831.69 %
Oct₹ 8,172₹ 854₹ 9,026₹ 60,13639.86 %
Nov₹ 8,274₹ 752₹ 9,026₹ 51,86248.14 %
Dec₹ 8,378₹ 648₹ 9,026₹ 43,48456.52 %
₹ 43,486₹ 1,644₹ 45,130₹ 0100.00 %
Jan₹ 8,482₹ 544₹ 9,026₹ 35,00265.00 %
Feb₹ 8,588₹ 438₹ 9,026₹ 26,41473.59 %
Mar₹ 8,696₹ 330₹ 9,026₹ 17,71882.28 %
Apr₹ 8,805₹ 221₹ 9,026₹ 8,91391.09 %
May₹ 8,915₹ 111₹ 9,026₹ 0100.00 %
Working Process

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:

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.

Right Document : Easy Process

Documents and Eligibility Required

Eligibility

There are some key aspects and filters of the customer which is a necessity for us before sanctioning our personal loan. We understand the needs of each customer and try to portray the same by customizing our Loan terms and conditions with an objective to match his or her requirement.

  • Customer Profile
  • Minimum work experience of a year is mandatory
  • Minimum salary should be INR 12,000 per month
  • To be eligible for a loan, the applicant's salary must be credited directly to the bank account by direct deposit, salary paid in cash or cheque will not be considered.
  • Current EMI:- To qualify for this loan, the total EMI that applicants pay every month should be less than 50% of their net in-hand salary.
  • No Overdue History:- Customers with a current overdue loan will not be eligible for new loans.

PAN Card

Aadhaar Card

Latest Salary slip of 1 month

Ownership Proof

Voter ID

Latest Bank statements of 3 months

Apply for Loan

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).

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%
Leave Your Question

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.

Refer Loan is a Phy-zital Fintech that connects Lenders and Borrowers digitally as well physically. It provides a Financial Bouquet to the users with multiple Financial solutions. Its AI-based detailed comparison enables users to find the best financial product from the best financial institutions.

helpdesk@referloan.in
0124-4847123
Company
Loan
Card
help desk
Help Desk

Copyright 2023 © Referloan.in.