Yes, you can get up to a 5 lakh personal loan at a 12,000 net salary. The repayment tenure is up to 36 months with an 18% to 22% per annum interest rate.
You will get instant approval within 6 days. Don’t require visiting any brunch. This is a fully digital process.
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 | 12,000 Net Salary |
| Processing Fees | Up to 3% of the loan amount |
| Eligible For | Salaried Person |
Benefits & Features of Personal Loan
Quick Process: This is a fast & quick loan process. You will get the loan within 6 days.
100% Digital: Get a personal loan that is 100% digital. Don’t need to give physical documents. Just upload documents at loan application time.
Fewer Documents: Minimum documents required to apply for a personal loan.
Flexible EMI: Choose a flexible EMI with 36 months of repayment tenure.
Higher Loan Amount: You can get up to a 5 lakh personal loan at a 12,000 salary.
Affordable Interest Rate: The interest rate starts from 18% to 21% per annum.
No Extra Charges: there are any hidden charges. You will get the details at loan agreement time.
Also Read: L&T Finance Personal Loan
Eligibility Criteria
- Indian Citizen
- Age should be 23 to 55 years
- Not defaulter at previous loan
- -1/700+ CIBIL Score
- Net 12,000 Salary required
Documents Required
- Pan Card
- Aadhaar Card
- Recent 3-month Salaried Slip
- 1 yr. Salary Account Bank Statement pdf format
- Co-applicant Aadhaar Card
- Co-applicant Pan Card
- Electricity Bill or Gas Bill for Residential Proof
Also Read: How to get business loan up to 30 lakh
Interest Rate & Other Charges
| Interest rate | 18% to 21% p.a. |
| Processing Fee | Up To 3% + GST |
| Insurance Charges | Up To 3% of the loan amount |
| Minimum Loan Tenure | 6 month |
| Maximum Loan Tenure | 36 month |
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.
FAQs on Personal Loan
I have a net 13,000 salary. Can I apply for a personal loan?
You can apply for a personal loan with 13,000 net salaries.
I am working for 10 months. Can I apply?
A minimum 9-month salary account bank statement is required to apply.
Can I apply for the loan without a salary slip?
You can apply for the loan without a salary slip. But you have to show a joining letter and your salary should be credited to your bank account.
What is the personal loan interest rate?
The personal loan interest rate starts from 9.65% per annum. But if you have a 12,000 salary, the interest rate will be 21% per annum.
Can I pre-close the loan amount?
You can pre-close the loan amount after 6 EMI.