Multiple banks. Different interest rates. Call it a "conflict of interest".
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    Vadodara Personal Loan

    Baroda as it was formerly known, Vadodara is a major city in Gujarat that has banks and financial institutions offering personal loans at competitive interest rates. If you need immediate finances for the wedding of your child or the renovation of your home, personal loans in Gujarat are easy to avail thanks to simple application processes and minimal documentation. Interest rates start from just 10.99% and the repayment tenures can extend up to 5 years!
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    We found 33 Vadodara Personal Loan
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    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.75% - 18.00% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
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    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
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    20% - 22%  Fixed
    2.50%
    2L Max
    1-3 Years
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    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    Response Time : Within 30 minutes
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    11.25% - 21.50% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.25% - 19.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    Response Time : Within 30 minutes
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
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    11.25% - 22.00% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
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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
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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
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    Vadodara Personal Loan is Rated as "Great!" by 545 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    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.

    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 19 Jun 2019

    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

    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 Range
    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.

        

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    Vadodara Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 2.5/5 "Just OK"
      I came to know about Bank bazaar through Google.This is a user friendly one ,can explore financial product through this site this portal is really doing a good service .The information should be transparent and it should be clear that is the only suggestion according to me .
      Was this review helpful? 0
      , vadodara
      Reviewed on Jun 08, 2019
    • Citibank
      Citibank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      I have applied for Citi Bank personal loan there was a difficulty faced by me .Our agent gave a different rate of interest and Bank gave a different rate of interest so had a confusion .The agent gave the details about the loan process ,I have not yet submitted any documents ,Since the rate of interest was very high not taken the loann.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jun 08, 2019
    • Capital First Personal Loan
      "Very Good loan services"
      0.5 4.5/5 "Excellent!"
      They have given me a instant personal loan from Capital First hence i have accepted the same. I have bought the loan amount of Rs. 65000 and they have given me a interest rate of 16% actually they have offered me a interest rate of 25% after the conversation, they have changed upto 16%. Every month i pay the EMI of Rs. 2619. I showed the tenure period for 3 years.
      Was this review helpful? 1
      , vadodara
      Reviewed on May 27, 2019
    • review Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan in BAJAJ FINANCE LIMITED for more than a month, on time the loan got sanctioned. But based on my requirements i have not received the amount for the duration of 4 years. The rate of interest is too high and the processing fee is applicable.
      Was this review helpful? 1
      , vadodara
      Reviewed on May 24, 2019
    • SBI Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with State bank of india from long time, the loan amount they have given me as based on my eligibility , the rate of interest they have charged me was nominal, it was based on my requirement, they have not charged me any processing fee, i have successfully closed this account.
      Was this review helpful? 2
      , vadodara
      Reviewed on May 23, 2019
    • YES Bank Personal Loan
      "Good Loan service"
      0.5 4.0/5 "Great!"
      I have purchased the personal loan 2 years back. Yes bank people approached me for the personal loan hence i accepted. They have charged me a huge interest rate and there is pre-closure option is available. Bought the loan amount of Rs. 3 lakhs and I'm not sure about the processing fee. I have chosen the tenure period of 5 years.
      Was this review helpful? 2
      , vadodara
      Reviewed on May 22, 2019
    • HDFC Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan with the HDFC BANK where the documentation process was simple and easy to get the loan they have given the satisfactory loan amount added on that the rate of interest was nominal with this loan amount. The service is good.
      Was this review helpful? 2
      , vadodara
      Reviewed on May 10, 2019
    • YES Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I got personal loan from YES bank, they gave me 13% of interest for the loan amount of Rs. 3 lakhs for the duration of five years. The loan documentation was very easy, I submitted the physical papers to their end. They support well on the loan process.
      Was this review helpful? 0
      , vadodara
      Reviewed on Apr 24, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I took one more personal loan from HDFC bank , and their customer service is good and response is also good , my loan amount is 2.50L and EMI amount is 5865K and rate of interest is nominal and tenure is 5 years , last four and half years back I have taken this loan,
      Was this review helpful? 1
      , vadodara
      Reviewed on Apr 22, 2019
    • Kotak Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Kotak mahindra bank provided one personal loan and their allover service is good , my loan amount is 2.50L and EMI amount is 6300K , rate of interest is 12% approx .tenure is 5years recently I took this loan approx 2 month back , I am satisfied with this loan ,
      Was this review helpful? 0
      , vadodara
      Reviewed on Apr 22, 2019
    • SBI Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My application was moved with ease and also the rate if interest seems fine for me. I am happy with STATE BANK OF INDIA services. The tenure period is 5 year . Things were taken care and my application was processed as expected. Overall it is good .
      Was this review helpful? 1
      , vadodara
      Reviewed on Apr 21, 2019
    • review Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have taken one personal loan with bajaj capital , I want 5L but I got 3L and rate of interest is little high and my tenure is 3 years last 1years I got this loan , but I am satisfied with all service customer service and branch service and processing time,
      Was this review helpful? 2
      , vadodara
      Reviewed on Apr 12, 2019
    • Bank Bazaar Personal Loan
      "100% satisfactory"
      0.5 5.0/5 "Blown Away!"
      I am happy with the bankbazaar.com and the service was faster. I have taken my personal loan for the first time but have been using the site for last 3 years to check the credit score and have been taking the credit card. Am using the mobile app which was easy to operate.
      Was this review helpful? 1
      , vadodara
      Reviewed on Mar 22, 2019
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      My experience was excellent with HDFC BANK. The interest rate is good and they have charged me a processing fee which is excellent. They have done the disbursement on committed time. The loan duration is 5 years and amount was sufficient. They are charging extra 4% for foreclosure.
      Was this review helpful? 1
      , vadodara
      Reviewed on Mar 22, 2019
    • review Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I take bajaj finance personal loan my loan amount is 50 thousand and my experience is good with bajaj finance . customer service provided is good and response at a time . Last six month i take this loan but rate of interested is little high . but I am satisfied with bajaj finance .
      Was this review helpful? 0
      , vadodara
      Reviewed on Mar 13, 2019
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      It was not a good experience with HDFC bank personal loan, the loan amount was sufficient and the rate of interest was nominal when compared to others. Customer service was not up to the mark and their response was not good. Tenure period for this loan is for 2 years.
      Was this review helpful? 0
      , vadodara
      Reviewed on Mar 01, 2019
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      It was a good experience with HDFC bank personal loan, the loan amount was sufficient and the rate of interest was nominal when compared to others. Customer service was good and they responded on time. Tenure period for this loan is for 2 years.
      Was this review helpful? 0
      , vadodara
      Reviewed on Feb 28, 2019
    • review Personal Loan
      "Nice Loan services"
      0.5 4.0/5 "Great!"
      They required minimum documents since its a unsecured loan and their interest rates are very high. For me its an hour to sanctioned the loan after received the mail confirmation. They have provided me a interest rate of 14% and processing fee was 2%. They are providing a pre-closure with the charges of 4% and 2% for pre-closure.
      Was this review helpful? 1
      , vadodara
      Reviewed on Feb 25, 2019
    • review Personal Loan
      "Average service"
      0.5 3.5/5 "Pretty good"
      I have been holding personal loan with Bajaj finance. As per my experience their service was good,the loan amount which they have given me was sufficient, and the rate of interest they have charged me was nominal comparing to the market price, and their processing fee was nominal,and there is no hidden charged.
      Was this review helpful? 2
      , vadodara
      Reviewed on Feb 17, 2019
    • HDFC Bank Personal Loan
      "Average Loan"
      0.5 4.0/5 "Great!"
      I have bought a personal loan from HDFC and the service has been fine. I got the loan in the year 1.5 years ago. I'm satisfied with the interest rate provided to me. Total tenure period of the loan is 2 years. They have sanctioned the loan on time. Their was no processing fee charged for me.
      Was this review helpful? 4
      , vadodara
      Reviewed on Jan 27, 2019
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