Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Vadodara Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad Paperless approval available
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    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
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    Customer Reviews
    13.99% - 16.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    10.99% - 17.99% Fixed
    2.25% (min. ₹1,499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
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    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    10.65% - 11.65% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time : Within 30 minutes
    Guarantor Required Paperless approval available
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    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
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    Perks
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    10.99% - 15.99% Fixed
    Up to 0.5%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
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    Customer Reviews
    10.99% - 17.99% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
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    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.75% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
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    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
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  • Vadodara Personal Loan is Rated as "Great!" by 471 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Vadodara Personal Loan

    Vadodara or Baroda is an important city in Gujarat, the Indian state. It is situated towards the south-east corner of Ahmedabad - another significant metropolis in the state.It is the 20th largest city in India and the 3rd biggest city in Gujarat. Due to its rich cultural heritage, Vadodara is also popularly known as the “Sanskrit Nagar” or the “Kala Nagari”.Vadodara’s economy is mostly focused on compounds & fertilizers, medicines, fisheries, fiber weaves, dairy and machine gears. Some significant crops harvested in Vadodara are rice, wheat, grams, yellow peas, yarn and sugarcane. More than 120 public schools and 100 odd private schools exist in Vadodara and it also houses many important educational institutes of the nation.

    A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. An unsecured loan is an umbrella term used for loans which do not require collateral. Banks, credit unions, and other financial institutions offer personal loans on an ongoing basis.


    You’re probably eligible for an Vadodara Personal Loan if you are

    01
    02
    03
    04
    Vadodara Personal Loan Minimum Age

    At least 21 years old

    Vadodara Personal Loan Maximum Age

    Less than 65 years old

    Vadodara Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Vadodara Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Vadodara Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Vadodara Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Vadodara Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs

    Vadodara Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Vadodara Personal Loan amount by these steps

    01
    02
    Vadodara Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Vadodara

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Vadodara Personal Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Vadodara Personal Loan Interest RatesUpdated on 21 Oct 2017

    Vadodara Personal Loan Details
    Interest Rate (Monthly reducing balance) 13.49% - 34%
    Processing Fees 0.5-2.5%
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% - 5%
    Guarantor Requirement No guarantor required
    Apply for Personal Loan

    Personal Loan in Vadodara

    Vadodara is formerly known as the Cultural Capital of Gujarat follows Ahmedabad and Surat as Gujarat's third largest city located in Western India. The city is located 139 kilometres from Gandhinagar, which is the state capital. The population of Vadodara stood at more than 22 lakh people as of the year 2011. A large number of the population that resides in Vadodara form a part of the salaried class of individuals, and as a result of this, they tend to take opt to apply for personal loans to help meet their financial requirements which otherwise be difficult to afford using their savings and salaries. The most common reasons why people of Vadodara avail personal loans from banks include purchase of a vehicle, home renovation, to finance a wedding and other ceremonies, travel, etc. There is a plethora of reasons why people would want to avail a personal loan and due to an individual's nature for possessing credit, personal loans have grown to become a popular financial product that is available in the city.

    Personal Loans Offered by various Banks in Vadodara

    There is a large number of public and private banking sectors and non-banking institutions that offer personal loans at attractive interest rates to individuals who are seeking a helping hand with their finances. Some of the leading banks in Vadodara include Tata Capital, Citibank, Aditya Birla, Canara Bank, Standard Chartered, IDBI Bank, IndusInd Fullerton, Capital First, Kotak Mahindra, Dena Bank, HDFC Bank, Karur Vysya, Indian Overseas Bank, Oriental Bank, IDBI Bank, , South Indian Bank, UCO Bank, Vijaya Bank, ICICI Bank, Central Bank, Allahabad Bank, Bank of India, Indian Bank, Vijaya Bank, Union Bank, Yes Bank, etc. You can reach out to any of the banking institutions mentioned above if you are seeking a personal loan in Vadodara. These are reputed institutions that will offer the most attractive and best terms and conditions.

    How to Get a Personal Loan with the Lowest Interest Rate in Vadodara

    There are a few important factors that we need to consider when applying for a personal loan so that you are eligible for competitive interest rates. The interest rate that you are eligible for is dependent on the lender from whom you receive the capital amount. The first major step that you will have to follow is determine your creditworthiness. This can be done by visiting the official website of a Credit Information Company. These companies give you an accurate score which plays a major factor in having your loan amount sanctioned.

    A good credit score can not only make it easier to acquire a loan amount, but will also provide a number of affordable interest options along with your loan. Credit scores that range from 750 and above is termed as a good score and this makes it considerably easier for you to have a higher loan amount sanctioned to you and at a lower interest rate. It is instrumental that you carefully draft and assess what your financial requirements are going to be so that you don't apply for a loan amount that you do not actually require as you would then have to pay a lot more in interest. Similarly, applying for a loan amount that falls short of fulfilling your financial requirements would mean that you would be forced into applying for another loan to make sure that your needs are met. Therefore, it is very important to make sure that you assess your financial needs to make sure that you do not lose any money by making extra payments as interest.

    Personal Loan Interest Rates in Vadodara 2017

    There are a number of public and private sector banks in Vadodara that offer a plethora of options when it comes to personal loans to its residents. Listed below are the interest rates that is offered by various banks located in Vadodara:

    Bank Interest Rate
    Citibank 10.99% to 15.99% (Fixed)
    Standard Chartered 11.25% to 14.49% (Fixed)
    Capital First 12% to 18% (Fixed)
    Oriental Bank 10.85% to 11.85% (Floating)
    Tata Capital 11.99% to 19.50% (Fixed)
    ICICI Bank 11.59% to 18.49% (Fixed)
    HDFC Bank 10.99% to 19.8% (Fixed)
    HDBFS 13.99% TO 16.99% (Fixed)
    IndusInd Bank 11.99% to 19% (Fixed)
    Kotak Business Loan 12.99% to 14.50% (Fixed)
    Kotak Mahindra 11.49% to 20.15% (Fixed)
    Aditya Birla 11.5% to 13.25% (Fixed)
    HDBFS-Business Loan 15.95% to 18.95% (Fixed)
    Fullerton 17.25% to 37% (Fixed)
    Bank of India 13% to 14% (Fixed)
    Allahabad Bank 13.10% (Fixed)
    Dena Bank 13% to 14% (Fixed)
    Bank of Maharashtra 12.75% (Fixed)
    Bank of Baroda 11.35% to 14.35% (Fixed)
    Canara Bank 12.75% (Floating)
    Central Bank 11.4% (Floating)
    Indian Bank 12.65% to 13.65% (Floating)
    IDBI Bank 12.20% (Floating)
    South Indian Bank 13% (Fixed)
    Indian Overseas Bank 13.65% (Fixed)
    Union Bank 14.4% (Floating)
    Karur Vysya 13.35% to 15.85% (Floating)
    State Bank of India 12.90% to 14.90% (Fixed)
    Tamilnad Mercantile Bank 14.30% to 16.30% (Floating)
    UCO Bank 11.35% to 11.60% (Fixed)
    Yes Bank 14% (Fixed)
    Vijaya Bank 13.50% (Fixed)

    Salary Requirements to avail Personal Loans in Vadodara

    A lender has a set of requirements that need to be met by potential borrowers if they want to loan sanctioned. Applicants who want to apply for a loan have to either be self-employed or salaried individuals and they must provide ample proof of their salary or income to the bank or lender. This is done to ascertain the legitimacy of the applicant’s capability to repay the loan. Salaried employees have to draw a minimum of Rs.10,000 a month to be eligible for a personal loan that comes with full check-off and Rs.15,000 a month for a personal loan that comes with partial/no check-off. Self-employed individuals are required to draw a minimum monthly salary of Rs.20,000 if they are to avail a loan from the bank. These requirements vary with each bank. You can visit the official website of the bank of your choice to check the salary requirement to have a personal loan sanctioned by the bank.

    Vadodara Personal Loan FAQ’s

    1. How long does a bank take to approve an application for a personal loan?

      The time taken by a bank to approve an application submitted for a personal loan varies from bank to bank. There are some bank that approve applications for a personal loan within 48 hours while there are others banks that take at least a week. On average, a bank can take 6-7 working days to approve a loan. Make sure that your documents are in order to help speed up the loan approval process.

    2. Are there any additional charges that are associated with a personal loan?

      Yes, there are. Most banks in Vadodara charge a small processing fee that ranges anywhere between 2% and 2.5% of the loan amount that you intend on borrowing. This fee is generally deducted from the loan amount that is disbursed to you.

    3. How do I repay my personal loan from Bank of Baroda?

      The repayment of a personal loan that is applied and sanctioned to residents in Vadodara can be easily made through EMIs using post-dated cheques in favour of the bank that sanctioned the loan. Another way you can repay a loan is by linking your loan to your debit account. The amount will get deducted automatically every month.

    4. If I miss an EMI payment, what are the charges levied for the same?

      You will have to pay an amount that amounts to 2% of the loan amount that has been sanctioned. This is charged as a penalty fee for missing a due date on their personal loan.

    5. What is the maximum amount of money that I can borrow through a personal loan?

      This is entirely dependent on the lender. The lender will determine your capability to repay a loan by considering various factors like credit score, annual salary, etc. Loans to the tune of Rs.5 lakh is sanctioned by most banks in the Vadodara area.


    Vadodara Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Satisfactory"
      0.5 4.5/5 "Excellent!"
      The services at Bankbazaar was excellent. They have done a awesome job. As a mediator they have been supportive and they have always been in touch in the process inquiring about my status. The website is also perfect and there are no hassles in navigating through it.
      Was this review helpful? 0
      , vadodara
      Reviewed on Oct 12, 2017
    • Kotak Personal Loan
      "Good deal overall"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan from Kotak Mahindra Bank. The customer services are good and the whole process was excellent. I got a very good deal on the interest rate. I got a rate of around 14% and the processing charges are normal. I am also happy with the disbursement.
      Was this review helpful? 0
      , vadodara
      Reviewed on Oct 12, 2017
    • Bank Bazaar Personal Loan
      "This application is best for loan"
      0.5 5.0/5 "Blown Away!"
      This application is best for instant aproval loan.This application's service is best.the customers service is instant.customers care very trusted helper.this app by get instant aproval for every loan and finance. This app save time so it is best application tor me.
      Was this review helpful? 0
      , vadodara
      Reviewed on Oct 02, 2017
    • Bank Bazaar Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar has been good and the overall experience is smooth. I received a proper response from them and they continued to help me through the process. The website is good and user friendly and informative.I have already known bankbazaar I have helped my Friend to get a loan
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 30, 2017
    • Kotak Personal Loan
      "DISSATISFIED"
      0.5 2.0/5 "Expected more"
      I approached kotak mahindra bank for the personal loan They contacted me and informed me the details and checked about my requirement then they have arranges executive to collect my documents after collecting third day they are saying salary criteria is not matching your loan cannot be processed.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 30, 2017
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Axis bank took 3 days to disburse my personal loan amount. The rate of interest is 12% . which is nominal when compared with other banks. The processing fee and the charges are very less with Axis bank. The required loan amount has been disbursed .
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 29, 2017
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I know bank bazaar for more than 4 years. The customer service is good with bank bazaar. They have reached me immediately after I gave my requirement in the bank bazaar,. The website of bank bazaar is easy to use and user friendly . I am satisfied with the bank bazaar service.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 29, 2017
    • ICICI Bank Personal Loan
      "Below Average service"
      0.5 4.0/5 "Great!"
      The ICICI customer support has increased the interest rate and they haven't stick on their promises. The promises need to be fulfilled by ICICI bank. They have taken around 20 days to disburse my loan amount. The rate of interest need to be fixed in the beginning stage by ICICI bank. The processing fee and the charges are high when compared with others.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 29, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 3.5/5 "Pretty good"
      I got the personal loan from ICICI bank within the turn around time and they have sent the documents to my mail within 7working days. The customer service is good with ICICI bank, they give good response to the customers. The required loan amount has been disbursed.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 28, 2017
    • Bank Bazaar Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I am aware of bank bazaar for more than 3years. The website of bank bazaar is easy to use and user friendly . The mobile application is customer friendly with bank bazaar. It would be great if bank bazaar follow up the customer through out the process. I would say i got average service from bank bazaar.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 28, 2017
    • Standard Chartered Bank Personal Loan
      "Pathetic Service"
      0.5 1.0/5 "Really Bad"
      The service which was given by SCB was hopeless in regards to my personal loan. The customer service of Standard Charted Bank was pathetic. The processing fee was zero with Standard Charted Banmk. The personal loan process need to be educated to SCB.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 28, 2017
    • Bank Bazaar Personal Loan
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      Bankbazaar.com is an excellent one for me and am using it from the last three to four years of time. I would like to say that the response is fine one for me with them and I came to know about it through advertisement.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 28, 2017
    • ICICI Bank Personal Loan
      "SATISFACTORY"
      0.5 1.0/5 "Really Bad"
      I am not happy with the ICICI bank for my personal loan because they have not provided me the response like whether the loan got approved or not.I want them to be clear also they need to inform the status of application. When customer gives all the documents to the executive they have to give the response to the customers.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 28, 2017
    • Bank Bazaar Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The follow up is excellent from bank bazaar team. It is easy to apply for all financial products from bank bazaar website. The website of bank bazaar is easy to use and user friendly. I am customer of bank bazaar for past one year. I can say bank bazaar gave me a better service.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 20, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 3.5/5 "Pretty good"
      The bank executive told that they will come and collect the documents at my place but they haven't turned up , so that was the reason I haven't got the loan from ICICI bank. The rate of interest is average from ICICI when compared with other banks.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 20, 2017
    • Bank Bazaar Personal Loan
      "Quite good application"
      0.5 4.0/5 "Great!"
      When i was trying to get a loan from banks and i did a free search and gone through many websites i found bank bazaar website and it was really a good application. The interface between customer and banks gets closer.The executives gave regular follow ups.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 13, 2017
    • ICICI Bank Personal Loan
      "Approachable Bank"
      0.5 3.0/5 "Satisfactory"
      Every thing was good with ICICI bank. They asked me to give some documents regarding my salary and all. Since i am running my own business i could only possible to show my account details and yearly turnover. But that was not enough for the bank side and the application got cancelled.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 13, 2017
    • Bank Bazaar Personal Loan
      "Good Advisor"
      0.5 4.0/5 "Great!"
      Bank Bazaar has an easy accessibility to check the offers, through online. It my first experience but through Bank Bazaar my loan process was hassle free and they helped to take loan with Standard Chartered, executives are very prompt they gave me multiple options.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 08, 2017
    • Standard Chartered Bank Personal Loan
      "Customer friendly"
      0.5 4.0/5 "Great!"
      They have offered me 12% of interet for the principal amount Rs. 2 lakhs, they fulfilled my requirement but I felt interest rate was huge. It would be great if they reduce the interest rate as per other competitor but processing was zero its good and also I could close my loan at any time by part payment or preclosure option.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 08, 2017
    • Bank Bazaar Personal Loan
      "Process went good"
      0.5 4.5/5 "Excellent!"
      I reached bankbazaar in order to get the personal loan. Bankbazaar suggested me the bank based on my profile and it was quite easy to compare the interest rate and other details on the website. The service was prompt and the site is really easy to use.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 07, 2017
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