WeRize

WeRize is a social-fintech platform that provides personal loans through its partner NBFCs and banks. It primarily focuses on salaried individuals in tier 2, 3, and 4 cities, offering easy access to unsecured loans with a fully digital process.

✔️ Applicant must be an Indian resident
✔️ Age: 21 to 60 years
✔️ Salaried or self-employed individual
✔️ Minimum monthly income: ₹12,000+
✔️ Work experience: Minimum 1 year
✔️ CIBIL score: 650+ required (750+ preferred)

✔️ Interest Rates: ~15% to 36% p.a. (profile & partner-based)
✔️ Processing Fee: 1% to 3% (may vary by partner)
✔️ Tenure: 12 to 36 months
✔️ Foreclosure Charges: As per lender policy
✔️ Penal Charges: Applicable on delayed EMIs

✔️ Identity Proof (Aadhaar Card / PAN Card mandatory)
✔️ Address Proof
✔️ Salary Slips (last 3 months)
✔️ Bank Statements (last 6 months)
✔️ Income Proof (ITR for self-employed) 

Q1. What is the maximum loan amount in WeRize Personal Loan?
Ans. Loans can go up to ₹10 lakh depending on partner lender and eligibility.

Q2. What is the interest rate?
Ans. Interest rates generally range between 15% to 36% per annum.

Q3. What is the repayment tenure?
Ans. The tenure ranges from 12 months to 36 months.

Q4. Is collateral required?
Ans. No, it is an unsecured loan and does not require any security.

Q5. Who provides the loan?
Ans. Loans are provided by partner NBFCs/banks through WeRize platform.