Am I Eligible for a Personal Loan at 14000 Salary?

You are eligible for a personal loan at 14000 salaries in India. The minimum loan amount is Rs. 50,000 to the maximum loan amount is Rs. 5 lakh. The loan repayment tenure is 6 to 36 months.

The interest rate starts from 18% to 21% per annum. Money will credit to the bank account within 5 days.

Personal Loan Quick Recap

Company	Werize
Loan Amount	Up To 5 Lakh
Interest Rate	18% to 21% p.a.
Tenure	1 -3 years
Age Required	23 -55 years
Income Required	14,000 Net Salary
Processing Fees	Up to 3% of the loan amount
Eligible For	Salaried Person

What is Personal Loan?

A personal loan is an unsecured loan that is available for a salaried person. This is a fast loan process. You can apply for a loan for personal use.

You can use a personal loan for different uses like medical expenses, education purposes, buying a car, home renovation, weddings & other uses. Also, you can pay credit card bills through a personal loan. There is no restriction on uses.

Also Read: Top 5 instant loan apps in India

Features & Benefits of Personal Loan

Fast Approval: Personal loan approval within 5 days. This is a fast loan process.

 Less Documents: Your KYC, salary slip & bank statement is the most important document for a personal loan. No other documents will require.

Top-up Loan: You will get the top-up loan facility after 4 successful EMI.

No Hidden Charges: No other extra charges are included. Processing charge, Insurance charge, and GST charge is the main part.

Repayment Tenure: Personal loan repayment tenure is 6 to 36 months.

Pre-close Facility: You can pre-close the loan after 6 successful EMI.

Higher Loan: You can get up to a 5 lac personal loan at a 14,000 salary. Bank will check other eligibility criteria also.

Also Read: Kreditbee Personal Loan 

Personal Loan Eligibility Criteria

You should fulfill the eligibility criteria before applying for a personal loan. There are:

• Indian Citizen
• Applicant age requires 23 to 55 years
• Net Salary should be 12,000 or above
• Salary should be credited to the bank account
• -1 or 720+ CIBIL require
• Not defaulter on the previous loan

Also Read: Personal loan for Minimum salary 13000

Documents Required for Personal Loan

• Pan Card
• Aadhaar Card
• Recent 3 month’s salary slip
• 1 years salary account statement pdf format
• Electricity bill or Gas bill for residential proof
• Co-applicant Pan Card
• Co-applicant Aadhaar Card

Interest Rate & Other Charges

Processing Charge	Up to 3% + GST
Insurance Charge	Up To 2% of the loan amount
Interest Rate	18% to 21% p.a.

How to Apply for a Personal Loan

Step 1: Click on the “Apply Werize Loan” button

Step 2: Fill up the form carefully

Step 3: Enter the address & pin code

Step 4: Upload Pan Card, Aadhaar Card on both sides, Salary Slip & 1 yr Bank Statement in pdf format.

Step 5: Now, the bank will check your eligibility

Step 6: After the eligibility check, you will get the loan offer.

Step 7: Now submit your Electricity bill or Gas bill for residential proof.

Step 8: Send Co-applicant Pan Card & Aadhaar Card

Step 9: Now the bank will send e-KYC & e-mandate link

Step 10: Complete this process to get the money

FAQs on Personal Loan