Self-employed to obtain WeRize business loan of up to 25 lakh. Borrow loans for working capital, pay salary, open new shop, etc. Fully digital loan application process that applies to all India locations. WeRize provides business loans within 3 days with 22% reduced interest.
WeRize Business Loan
Loan Amount | Up To 25 Lakh |
Interest Rate | 22% p.a. (Reducing Rate) |
Tenure | Up to 36 months |
Age Required | 21 -65 years |
CIBIL Score | 680+ |
Processing Fees | Up to 3% |
Eligible Customer | Self Employed |
Benefits of WeRize Business Loan
Apply with Low CIBIL: Borrow your business with a 680 credit score. If you have a poor credit score, you can get a WeRize business loan.
Maximum Loan Amount: Obtain the maximum loan amount for your business needs. Get up to 25 lakh business loans, available after checking creditworthiness.
Minimal Documents: The required list of documents is minimal compared to another lender. Borrow loan with Trade Licence & MSME Certificate.
Easy Disbursement Process: Your loan application process is easy to apply. Get a loan from an online journey with the fastest disbursement process.
Flexible Loan Term: Get flexible business loan terms up to 36 months. WeRize provides customized loan repayment facilities.
Low ROI: WeRize business loans are available at a reduced rate. Obtain loan at 22% ROI (Rate of Interest) p.a.
Top Lender Provides Business Loan
Banks / NBFCs | Interest Rate | Loan Amount | Repay Term | |
Faircent | 14% p.a. to 21% p.a. | Rs.50,000 to Rs.10 lakh | 12 months to 36 months | Apply Now |
InCred | 18% p.a. to 28% p.a. | Rs.30,000 to Rs.7.5 lakh | 12 months to 48 months | Apply Now |
IIFL | 11.25% p.a. to 33.75% p.a. | Rs.50,000 to Rs.30 lakh | 12 months to 60 months | Apply Now |
Chola Finance | 14% p.a. to 21% p.a. | Rs.30,000 to Rs.20 lakh | 12 months to 60 months | Apply Now |
Poonawalla Fincorp | 15% p.a. to 28% p.a. | Up to Rs.50 lakh | Up to 3 years | Apply Now |
FT Cash | 12% p.a. to 22% p.a. | Up to Rs.50 lakh | Up to 3 years | Apply Now |
NeoGrowth | 19% p.a. to 24% p.a. | Up to Rs.75 lakh | Up to 7 years | Apply Now |
FlexiLoans | 12% p.a. onwards | Up to Rs.1 crore | 1 year to 5 years | Apply Now |
LendingKart | 12% p.a. to 28% p.a. | Up to Rs.1 crore | 12 months to 36 months | Apply Now |
Ashv Finance | 18% p.a. to 21% p.a. | Up to Rs.40 lakh | 12 months to 36 months | Apply Now |
Aditya Birla | 14% p.a. onward | Up to Rs.15 lakh | 12 months to 36 months | Apply Now |
Tata Capital | 16.50% to 19% p.a. | Up to Rs.75 lakh | 12 months to 36 months | Apply Now |
WeRize Business Loan Eligibility
Get an instant WeRize business loan without collateral. Affordable loan eligibility criteria that suit your profile. Following criteria you should match:
- Indian Residence
- Credit Score: 680 or above applicable
- Vintage proof must be 1 year required
- 3 Lakh or above credit required at Bank Statement
- Minimum of ABB 5,000 need
- Both rented (Business & Home ) are applicable
Documents for WeRize Business Loan
- Pan Card
- Aadhaar Card
- 1 year old MSME Certificate must need
- 12 month bank statement required
- Trade License or GST File need as a vintage proof
- Electricity bill or Rent Agreement
Also Read: WeRize Personal Loan
EMI Calculator for WeRize Business Loan
Calculate the EMI (Equated Monthly Installment) of the WeRize business loan. Online EMI Calculator shows you instant calculation results. You will need some information like:
- Business Loan Amount
- Interest Rate of Business Loan
- Tenure of Loan Amount
Fill following information and instantly you will get the calculation result.
The below box shows you the WeRize business loan calculation. You can check EMI details, tenure, and interest rate. This will help to assume your monthly EMI.
Loan Amount | Interest Rate (p.a.) | Loan Tenure | Monthly EMI |
1 Lakh | 11.50% | 3 year | Rs. 3,298 |
1 Lakh | 11.50% | 2 year | Rs. 4,685 |
2 Lakh | 13.50% | 3 year | Rs. 6,788 |
2 Lakh | 13.50% | 2 year | Rs. 9,556 |
4 Lakh | 13.50% | 4 year | Rs. 10,831 |
4 Lakh | 13.50% | 3 year | Rs. 13,575 |
5 Lakh | 14.50% | 4 year | Rs. 13,789 |
5 Lakh | 14.50% | 5 year | Rs. 11,765 |
6 Lakh | 13.50% | 5 year | Rs. 13,806 |
6 Lakh | 14.50% | 5 year | Rs. 14,117 |
Apply Process for WeRize Business Loan
Step 1: Getting a loan from WeRize available digitally. Borrow a loan from the above button.
Step 2: After coming to the official page, fill in your information as per requirement.
Step 3: Upload documents such as Pan Card, MSME Certificate, 1 year Bank Statement, Aadhaar Card, and Co-applicant Aadhaar Card.
Step 4: Now submit your application form and wait for approval.
Step 5: The Bank will check your details and provide a loan as per creditworthiness.
FAQs
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What is the interest rate of a WeRize business loan?
Get a WeRize business loan at a 22% reduced interest rate.
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Does WeRize provide digital business loans?
Yes, obtain a WeRize business loan online. The loan application procedure is 100% digital.
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Who can apply for a WeRize business loan?
The individuals with proprietor, LLP, and Pvt Ltd Company are eligible for WeRize business loan.
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How much loan amount WeRize offering?
WeRize offers business loans up to 25 lakh loan. Lenders check your creditworthiness and give you loan approval.