We are now in the digital era. At this time, you don’t need to go branch for a personal loan. You can easily handle all the processes online. The minimum monthly net salary of Rs. 12,000 is enough to apply for a personal loan.
Secure a personal loan online without a branch visit at 1.55% per month. Loan approval time is 72 hours. Explore the advantage & processes of securing a personal loan online.
Advantages of Personal Loan Online
Secure & Privacy: Online loan application is 100% secure & encrypted. Lenders are concerned about your data and protect all the data that you upload.
Time-Saving: Still I remember, I apply for Rs. 50,000 loans through the branch & I visit more than 5 times. But cannot get the loan after all harassment. But you can save time through an online loan application.
Much Faster: As you don’t have to go branch or don’t need physical documents, it will take a much faster process.
Loan Amount: Get the loan amount ranging from Rs. 30,000 to Rs. 5 lakhs. The lender will calculate the debt-of-income ratio & give you the best loan offer.
Tenure: Repay your loan with flexible monthly EMI. Choose the repayment tenure from 12 to 36 months.
Eligibility Criteria
- Net monthly salary of Rs. 12,000 required
- 12 months of job experience
- Age is between 21 to 55 years
- Indian Residence can apply only
Documents Required
- Your KYC Documents (Pan Card & Aadhaar Card)
- Latest salary slip
- 12 months bank statement
- Aadhaar Card of the co-applicant & phone no
- Proof of residence (Electricity bill/ Gas bill)
- Selfie Photo
Interest Rate & Other Charges
| Interest Rate | 16% to 21% per annum (1.55% monthly) |
| Processing Fee | Up To 3% + GST |
| Insurance Charges | Up To 3% of the approval loan amount |
| Minimum Loan Tenure | 12 month |
| Maximum Loan Tenure | 36 month |
How to Apply for Personal Loan Online
Step 1: Just visit the lender’s website through the “Apply Now” button. You will directly go to WeRize personal loan page.
Step 2: Fill up a simple application form with your KYC details.
Step 3: Submit KYC documents, Salary Slip & bank statement.
Step 4: Customer care checks all the documents & gives a loan offer.
Step 5: Complete the e-nach, KYC & Agreement and the loan amount will disburse.