Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 33 Vadodara Personal Loan
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    Interest Rate Range
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    Tenure Range
    10.99% - 17.99%
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    1-5 Years
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    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.49% - 18.25% Fixed
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    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    11% - 16% Fixed
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    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.00% - 18.25% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
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    11.50% - 14.50% Fixed
    1%
    30L Max
    1-5 years
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    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
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  • Vadodara Personal Loan is Rated as "Great!" by 515 Users

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    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 22 Oct 2018

    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 2018

    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

    • Kotak Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have taken a personal loan on the credit card with Kotak Mahindra Bank. It was a very nice and easy process. I had applied for it through the mobile and one call too. I got the loan within a week. I had no hassles to get the loan and the after loan services are good.
      Was this review helpful? 2
      , vadodara
      Reviewed on Oct 10, 2018
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC bank and the experience was good, the loan amount was for Rs 2-3 lacs with nominal interest rate. Customer service was good and they responded on time. The tenure period for this loan is 3 years out of which 1.5 years is already completed.
      Was this review helpful? 3
      , vadodara
      Reviewed on Sep 29, 2018
    • ICICI Bank Personal Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      ICICI Bank is also good in the personal loan process. The customer services and response is good and there has been no hassles in the process. They have offered a low rate of interest and processing charges. The loan was processed on time too.
      Was this review helpful? 4
      , vadodara
      Reviewed on Sep 18, 2018
    • Axis Bank Personal Loan
      "Satisfactory"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan with Axis bank and the process to get the loan was smooth and easy. They contacted me on time and provided the loan on time as well. The interest rate and processing charges is normal. In all there has been no issues till date.
      Was this review helpful? 4
      , vadodara
      Reviewed on Sep 18, 2018
    • Kotak Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've taken a personal loan from the Kotak Mahindra Bank for 80000. They offered a best interest rate of 12.5% and there were no unwanted charges as well. It was a hassle free loan experience with the card their services.
      Was this review helpful? 3
      , vadodara
      Reviewed on Aug 16, 2018
    • RBL Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've taken a personal loan from the Ratnakar Bank Limited for 50000, the interest rate was nominal 13-14% and it was an insta loan. It has been a pleasant personal loan experience with the Ratnakar bank.
      Was this review helpful? 1
      , vadodara
      Reviewed on Aug 16, 2018
    • ICICI Bank Personal Loan
      "The interest rate is high"
      0.5 4.5/5 "Excellent!"
      I've taken a personal loan from the ICICI bank for 70000, the interest rate was pretty much high 18.%. The application process was easy and hassle free but they should seriously consider reducing the interest rate for their personal loans.
      Was this review helpful? 2
      , vadodara
      Reviewed on Aug 16, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com is very good, also the experience is good too. My friend have recommended me to go through them to get the financial products. I am very happy with the Bankbazaar.com, also there are no issues with them till now.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jun 28, 2018
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Rate of interest is around 14.25% for the personal loan with the Indusind bank and the response is very good and also am very happy with them till now. Everything is good one with the Indusind bank and I dont have any issues with the Indusind bank personal loan.
      Was this review helpful? 1
      , vadodara
      Reviewed on Jun 28, 2018
    • Axis Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My personal loan was taken wit AXIS Bank 2.5 years back. I have taken 2.5 lakhs and the given interest rate was 20% which is very high than other banks and the tenure period was 5 years .The overall banking experience was excellent and the documentation was also very easy so I would like to recommend to others.
      Was this review helpful? 1
      , vadodara
      Reviewed on Jun 06, 2018
    • Bank Bazaar Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      BANK BAZAAR is a good platform for all the financial products . The customer service an responses was up to the mark.I am using the mobile application which is very user friendly . I am satisfied with the options here so I would like to recommend to others.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jun 06, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken ICICI bank. The loan amount was 1.60,000 and the given interest rate was 15.99% which is bit high . The tenure period was 4 years .The customer service and responses was up to the mark. The processing fee was nominal.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jun 06, 2018
    • HDFC Bank Personal Loan
      "Good loan"
      0.5 5.0/5 "Blown Away!"
      Hdfc bank I have taken the personal loan the loan got approved within the given period of time the bankers clearly informed about the loan payment everything the payment is done through the account and the interest rate is not too high with the bank compared to other bank this is affordable.
      Was this review helpful? 0
      , vadodara
      Reviewed on May 03, 2018
    • Capital First Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      Capital first has been really good for the personal loan process. They have done a good job by contacting me on time and informing me the details. The rate of interest and processing charges is normal and in all there are no issues in the process.
      Was this review helpful? 0
      , vadodara
      Reviewed on Mar 01, 2018
    • Bank Bazaar Personal Loan
      "Out standing service"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar has pro actively helped to choose a option to go with a loan from a best partner bank without any hassle. The customer support was prompt with the bank bazaar team. I use the bank bazaar mobile application , which is easy to use and user friendly.
      Was this review helpful? 0
      , vadodara
      Reviewed on Feb 09, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The rate of interest and the charges are pretty with the HDFC bank personal loan process. The HDFC bank has disbursed my loan amount within 8 days of time. The customer support was prompt , they have sent their executives to my office address to collect the documents on time.
      Was this review helpful? 0
      , vadodara
      Reviewed on Feb 09, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Bajaj Finance and my loan experience was very good. The loan amount was for Rs 1.30 lakhs with the rate of interest of 18% which is high when compared to all other sources in the market. The process was quick and i received my loan amount on time. Customer service was good and the tenure of this loan is 3 years.
      Was this review helpful? 1
      , vadodara
      Reviewed on Jan 31, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a good experience with bankbazaar so far, the services provided by bankbazaar is good when compared to all other sources in the market. I know bankbazaar.com from last 5-6 months. Customer service was good and their response was prompt. The website of bankbazaar is easy to navigate and is user friendly.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jan 15, 2018
    • ICICI Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have my personal loan application approved with ICICI bank and the experience was quite good. The process was bit delayed and it took 1 week for the loan amount to get disbursed. The loan amount was for Rs 50000 with the rate of interest of 16% which is very high when compared to all other banks. Customer service was good and they provided door step service to collect the documents. The processing fees was very high and the tenure of this loan is 4 years.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jan 15, 2018
    • Bank Bazaar Personal Loan
      "Good Experience "
      0.5 4.0/5 "Great!"
      The experience with Bankbazaar has been quite good. After they transferred me to the Bank, their customer care didn't keep in touch with me. It would be better if they continue to be in touch even after Bank people have established a contact. I found their website to be pretty good.
      Was this review helpful? 2
      , vadodara
      Reviewed on Dec 20, 2017
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