Loans for every Credit Profile
Apply Personal Loan
at WeCredit
Compare personal loan offers, interest rates, eligibility, and apply in few easy steps.
Personal Loan Calculator
Total Interest
₹ 549
Total Repayment
₹ 25,549
How to Apply for Personal Loan Online?
Get instant personal loan with these easy steps :
Step 1 :
Enter your mobile number and verify with OTP
Step 2:
Enter your personal details
Step 3 :
Choose best-suited offer or lender for you
Documents Required for Personal Loan
Basically it depends on the lender how they verify the customer, here are some common documents required for personal loan application.
PAN, Aadhaar, Passport, or Voter ID
Utility bill, Aadhaar, Passport, or Rent Agreement
Last 3 months salary slips and bank statements
Eligibility Criteria of Personal Loan
Eligibility criteria for a personal loan may vary from lender to lender, but these are some basic requirements.
Age : 21 to 60 years, for self employed and pensioners it may go up to 70.
Employment: You must be either a salaried or a self-employed.
Credit Score : 720+ Recommended
Salary : Usually Rs. 20,000 - 30,000 a month
Income : 3 Lakhs annually (For self-employed person)
Personal loan Interest Rates
Personal loan interest rates available on WeCredit start from 9.99% p.a.* The final rate offered depends on the lender's criteria, loan amount, tenure, and the applicant's credit profile. Comparing offers from multiple banks and NBFCs can help in selecting a suitable interest rate.
Why Choose WeCredit
Multiple personal loan offers
Check eligibility in one place
Higher loan approval chances
Quick approval and fast loan disbursal
Real Results / Testimonials
I got my loan approved faster than I ever expected completely hassle-free!
WeCredit made the entire process so simple. Highly recommended!
Best loan experience I have ever had. Quick approval and great rates!
From application to disbursement, everything was seamless!
Our Partners
Fees and charges
Personal loan fees and charges vary based on lender and bank policies. The information below explains the charges generally applicable.
| Interest rates: | Starting from 9.99% |
| Processing fee | 0.5% to 4% of the loan amount |
| Foreclosure charges | Often 1-5% of the outstanding loan amount |
| Late payment charges | Around 2% per month on overdue EMIs |
| EMI bounce charges | ₹300 to ₹1,500 per bounce depending on policy |
| Loan Cancellation | Nil to ₹1,000 (post-sanction) |
| Statement Fees | ₹100 to ₹500 per request |
How We Work
When an application is submitted, our PL engine reviews the provided details such as basic information, income, and credit profile. Based on the given information, eligible lenders are matched according to their criteria. The engine then shows suitable personal loan offers available for the profile, making it easier to compare and proceed with the most relevant option.
Things to Know Before Applying
Credit Score Impact on Loan Approval and Interest Rate
A higher credit score improves approval chances and may help get a lower interest rate. A low credit score can lead to higher rates or even rejection.
Personal Loan Eligibility Varies Across Lenders
Each bank or NBFC has its own eligibility rules based on factors like income, employment type, and location.
Fees and Charges Increase the Total Loan Cost
Charges such as processing fees, prepayment charges, and late payment penalties add to the overall cost of the loan. These should be checked along with the interest rate.
Multiple Loan Applications Can Affect Credit Score
Applying to many lenders separately can result in multiple credit checks, which may impact the credit score. Comparing offers on one platform can help reduce this.
EMI Payment History Affects Future Loan Eligibility
Missing or delaying EMI payments can lower the credit score and affect eligibility for future loans or better interest rates.
Things to Do After Loan Closure
Confirm loan closure
Ensure the lender has officially marked the loan as closed after the final EMI.
Collect loan closure letter and NOC
These documents confirm that there are no pending dues on the loan.
Check credit report status
Verify that the loan shows as "closed" in the credit report to avoid issues in future applications.
Avoid new loans instantly
Allow some time after loan closure before applying for a new loan to keep the credit profile stable.
Stop EMI auto-debit
Cancel the EMI auto-debit mandate to prevent any unintended deductions.
Save all loan documents
Keep loan agreements, payment receipts, and closure documents for future reference.
Direct from Expert
A personal loan is not just a transaction. It is a moment in someone's life, a medical bill that could not wait, a dream that needed a push, or a gap that needed filling. When we started WeCredit, we wanted to make sure that moment felt simple, fair, and judgment-free. That has not changed, and it never will.
Laksh Dua
Co - Founder
