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 to ₹1,180
    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 Paperless approval available
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    Perks
    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    10.99% - 20.70% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
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    Customer Reviews
    12.99% - 12.99% 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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    Eligibility Criteria
    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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    Perks
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    Fees & Charges
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    Eligibility Criteria
    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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    Eligibility Criteria
    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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    Fees & Charges
    Good to Know
    Eligibility Criteria
    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
    Good to Know
    Eligibility Criteria
    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
    Think about
    Fees & Charges
    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
    Good to Know
    Eligibility Criteria
    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
    What you'll love
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    Perks
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  • Vadodara Personal Loan is Rated as "Great!" by 491 Users

    Fees & Charges

    Promised Interest Rate

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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 23 Nov 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
      "Banking system "
      0.5 5.0/5 "Blown Away!"
      Bank bazar is best and good working my credit score news was an information. Bankbazaar is the best website and good working . I am very much HAPPY using this website it is working very good. Also I am very much happy with the way the site functions.
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 15, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good banking"
      0.5 4.0/5 "Great!"
      I had requested for a personal loan with Oriental bank.The loan amount is 1.2 lakhs.Rate of interest i dot remember.I closed the application as i was not interested to proceed hence got moved to a different bank with good offers.The customer service was good and explained the details.
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 15, 2017
    • Bank Bazaar Personal Loan
      "Awesome Portal "
      0.5 5.0/5 "Blown Away!"
      Supportive Team and good portal for all your financial needs in time. very good options available from different bank to choose from and very attractive interest rates available to choose from. Keep it up guys thanks for the support and all.
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 14, 2017
    • HDFC Bank Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC bank few months back. The loan amount was 5 lakhs and the interest rate was 14% which was very high than other banks . The customer service and responses was satisfactory . They have sanctioned the loan with the committed time and the processing fee was 3000 .
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 11, 2017
    • Bank Bazaar Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      The process at Bankbazaar is also good and the experience was nice. It was a immediate response after I placed my request. There were proper follow up calls and the website is good and it is very user friendly. Any customer can navigate through it.
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 09, 2017
    • Standard Chartered Bank Personal Loan
      "Transparent process and good services"
      0.5 5.0/5 "Blown Away!"
      My experience was smooth and SCB bank has explained all the details well to me and there was no hidden information. The rate of interest was around 11.9% with a nil processing charge. I got the loan on time and the disbursement was also as expected on the personal loan.
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 09, 2017
    • Bank Bazaar Personal Loan
      "Easy to Navigate"
      0.5 4.5/5 "Excellent!"
      I am glad about the quick response that I received from Bank Bazaar, as soon as I posted my request for the personal loan. They immediately reached me and gave good follow up through mail and other mode which is good. I am very much fine about the website information. Further, it helped me to connect with the bank.
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 06, 2017
    • Standard Chartered Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I took loan from YES bank, but Standard Chartered took some time to process my loan. It was not their mistake but I was in an emergency situation that's the reason I didn't process my loan with SCB. But their service is good, interest rate is also very much nominal.
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 06, 2017
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 5.0/5 "Blown Away!"
      This is the first time that i had used the Bankbazaar website and i can say that it was a good experience. I received a good service with immediate and regular calls made with proper response and information on the financial products and the offers that were available.
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 01, 2017
    • Standard Chartered Bank Personal Loan
      "satisfied"
      0.5 4.0/5 "Great!"
      I have taken a loan with Standard chartered Bank and i can say the experience has been good. The only issue was that there was a little delay in the disbursement of my loan. Apart from which i had no other major concerns with the service and procedures with them.
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 01, 2017
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I have my personal loan with HDFC bank. The rate of interest was 10.99% and the loan amount was 4 lakhs for the period of 3 years.. They have provided door step service for collecting documents and I had a very good loan process. The pre closure charges was 3% and processing fee was 1% of the loan amount. My overall experience was excellent .
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 01, 2017
    • Bank Bazaar Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My experience with Bank bazaar was good. I am happy with their approach and quick process here but Its would be nice if they change the status of the application once its forwarded to avoid making several calls to the customers other than that their website was very Informative and not faced any error while using it also.
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 01, 2017
    • Kotak Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had an Idea to take my loan with KOTAK bank their interest rate of 11.3% which was bit high so I have taken with HDFC bank. Their customer service and responses was not satisfactory other than that I have not faced any issues so I would like to recommend.
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 01, 2017
    • Bank Bazaar Personal Loan
      "Good comparison site"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar follow up is very good, when I applied for personal loan. I used to get regular response from their end through phone and mails. I have been using Bank Bazaar for past one year, its a good platform to check all financial products rather going to the bank.
      Was this review helpful? 0
      , vadodara
      Reviewed on Oct 31, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I had very good loan experience with HDFC, they gave me the interest around 11% with huge processing fee from the disbursement. I have taken the amount of Rs. 4.35 lakhs for the period of four years. Overall I am fine with their offer expect the charges.
      Was this review helpful? 0
      , vadodara
      Reviewed on Oct 31, 2017
    • Bank Bazaar Personal Loan
      "Very good experience"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar has been good and the experience was nice. I just had to register my details and I received calls and the follow up process is also good. The website was very helpful and easy to navigate through. It was a proper service and hassle free.
      Was this review helpful? 0
      , vadodara
      Reviewed on Oct 29, 2017
    • Kotak Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Kotak Mahindra Bank and it was a very good experience. The customer services are excellent. I got the loan within 15 days. It was a very convenient process and the documents was also collected on time. The interest rate and charges is normal.
      Was this review helpful? 0
      , vadodara
      Reviewed on Oct 29, 2017
    • Bank Bazaar Personal Loan
      "You have to find actual requirement of people"
      0.5 3.5/5 "Pretty good"
      Many times my Credit score is effected in past record like settlement or other repayment issues but people actual current position, never analysed by credit and loan not sanctioned it is hardly affects bank as well as customer for loan, business thank you.
      Was this review helpful? 0
      , vadodara
      Reviewed on Oct 27, 2017
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 3.5/5 "Pretty good"
      Its my first experience with Bank bazaar. The responses and customer service was excellent and immediate. The website is very informative and I have tried using EMI,FD calculators. There is no inconvenience faced with the service so I am not satisfied .
      Was this review helpful? 0
      , vadodara
      Reviewed on Oct 25, 2017
    • Kotak Personal Loan
      "Worst Experience"
      0.5 1.0/5 "Really Bad"
      I had a plan to take personal loan with KOTAK bank so I approached them but there is no proper responses and I did not receive any calls from the bank so I am disappointed . I have no idea about the interest rate here and I was planning to take 2.5 lakhs. The customer service and responses was not satisfactory .
      Was this review helpful? 0
      , vadodara
      Reviewed on Oct 25, 2017
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