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  • Vijaya Bank Personal Loan EMI Calculator is Rated as "Excellent!" by 18 Users

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    Vijaya Bank Personal Loan EMI Calculator

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    Overview about Vijaya Bank Personal Loan Calculator

    Vijaya Bank is a public sector bank in India with a network of 1620 branches and 1500 ATMs all over the country. The bank offers the best service to its customers through their top notch financial services and technically advanced products. Vijaya Bank personal loan can be used to meet any financial emergency as well as personal needs. The bank provides a high loan amount of up to Rs.6 lakh under this scheme. With a service charge as low as 0.55% or Rs.2,000 for personal loan, Vijaya Bank is an ideal choice for those looking for multipurpose loans.

    Understanding Personal Loan Repayment

    A personal loan from Vijaya Bank would require you to repay it in the form of monthly instalments, also referred to as EMIs or Equated Monthly Installments. An EMI includes a portion of the principal amount and the rate of interest charges. Knowing the EMI towards a personal loan is crucial as it helps you decide the monthly budget. You should be aware of the exact EMI amount as well as the breakup of the EMI amount. The EMI also includes processing charges towards the loan, if any.

    To know the EMI that you will be paying to the bank for a personal loan can be manually calculated. In order to calculate the loan amount, you are required to obtain details such as rate of interest, processing fees, etc. as well as the amount borrowed. When you calculate manually, the time and effort taken to reach an ideal EMI amount, is a lot. It requires you to explore various loan tenure or loan amount options to reach at a suitable EMI as per your budget.

    Personal Loan EMI Calculator by BankBazaar

    The BankBazaar Personal Loan EMI Calculator is a universal tool that can calculate EMI for a personal loan in seconds. Apart from calculating the EMI, the tool also displays the breakup of charges involved in the loan. An instant output is generated by this online calculator with the help of an amortisation table.

    The BankBazaar EMI calculator is very simple to use. Visit the BankBazaar website and navigate to the extreme right of the page. Choose ‘Finance Tools’ from the drop down menu, followed by ‘EMI Calculator’. Upon selecting this option, the page prompts you to enter all the loan details necessary for EMI calculation, including processing fees. Click on ‘Calculate’ to generate the exact EMI amount. The EMI amount is calculated based on the present interest rate and processing charges and may vary when you actually take the loan.

    How Does The Personal Loan EMI Calculator Work For The Calculation Of EMI Towards Vijaya Bank Personal Loan?

    The following formula is used for calculating loan EMI:

    E = P x R x (1+R)^n/[(1+R)^n-1]

    Where, E is the monthly installment

    P is the principal amount

    R is the monthly rate of interest

    n is the loan tenure in months

    Sometimes, processing fee is also incorporated in the calculation to generate a more accurate EMI.

    Features and Benefits of Vijaya Bank Personal Loan EMI Calculator

    The loan EMI calculator that can be used to calculate EMI for a Vijaya Bank personal loan has the following benefits:

    • Easy To Use: The online loan EMI calculator can be used by anybody who knows just the details of the personal loan. It can help you in choosing the ideal personal loan suited to your financial planning.
    • Accuracy: Manual calculation is prone to miscalculations and errors. Each time the loan amount or the tenure or the interest rate is changed, there is a chance of making a mistake. The online EMI calculator is automated and is not so error-prone, unless there is an error while entering data manually.
    • Loan Details: The BankBazaar loan EMI calculator displays the loan details in the form of a pie diagram. The graphical representation gives you an idea of the total amount repaid at the time of loan tenure completion.
    • Amortisation Table: It uses amortisation table to generate an instant output. The table helps us understand the loan progress over time, such as principal and interest.

    Vijaya Bank Personal Loan EMI Calculator FAQs

    1. Is the loan EMI calculator different for each bank?

      No, the EMI calculator is a universal tool that can be used to calculate EMI for personal loans from any bank.

    2. Can I use excel sheet to calculate the EMI towards Vijaya Bank personal loan rather than an online EMI Calculator?

      Yes, you can, however calculation of EMI towards Vijaya Bank personal loan in an excel sheet requires you to enter the program manually. While, using an online EMI calculator uses an automated technique, which is faster.

    3. Is the calculation of Vijaya Bank’s personal loan EMI accurate using the BankBazaar Personal Loan EMI Calculator?

      Yes, the EMI calculation is almost accurate. However, the changes may be due to difference in interest rate or processing fee offered at the time of taking the loan.

    Personal Loan Reviews

    • Vijaya Bank Personal Loan
      "Process is fantastic"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Vijaya Bank two years ago. The process was perfect and there were no hassles in getting my loan through. The interest rate was a bit high, it was around 13% and the processing charges was okay. I am happy that the process to get the loan was swift.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 22, 2017
    • Vijaya Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I got the salaried account with VIJAYA bank. Based on the salaried account, I got the home loan and personal loan from vijaya bank. They took around 15 days to disburse my personal loan . The rate of interest is nominal with Vijaya bank. I am happy with the loan amount and satisfied with the service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 13, 2017
    • Vijaya Bank Personal Loan
      " Hassle free"
      0.5 5.0/5 "Blown Away!"
      Two years back, I had taken personal loan from Vijaya bank, still its running. I took the loan amount of Rs.5 Lakhs this is for a tenure of five years with the rate of interest of 13% and there was no processing fee too. Vijaya Bank has got part payment and preclosure option too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 03, 2017
    • Vijaya Bank Personal Loan
      "VERY GOOD"
      0.5 4.0/5 "Great!"
      The best personal loan that I have ever taken was from Vijaya Bank the service offered by them was good. I had applied for the personal loan twice before with the same bank. However I am an account holder of Vijaya bank they had offered me the least interest rate which was 14.05% Documentation process was simple.
      Was this review helpful? 0
      , hospet
      Reviewed on Mar 08, 2017
    • Vijaya Bank Personal Loan
      "Excellent !!!!"
      0.5 5.0/5 "Blown Away!"
      I have the salaried account with vijaya bank. I submitted document for the personal loan on the same day the amount was credited. Every thing went on smooth as i am already a know customer to them. The cheapest interest rate was offered like they were charging the base rate which gets on reduces.
      Was this review helpful? 2
      , mumbai
      Reviewed on Apr 30, 2016
    • Vijaya Bank Personal Loan
      "Wonderful"
      0.5 4.0/5 "Great!"
      I have closed the personal loan with the Vijaya bank and the interest rate was okay with them. I got the loan to be disbursed within a week of time. Customer service and the responsiveness are good with the Vijaya bank.
      Was this review helpful? 1
      , chennai
      Reviewed on Mar 01, 2016
    • Vijaya Bank Personal Loan
      "Very good"
      0.5 3.0/5 "Satisfactory"
      Vijaya bank has given the personal loan with 13.7% interest rate. They took only four to five working hours to disburse the amount after completing the documentation. Compared to other bank the required documents is very high with vijaya
      Was this review helpful? 1
      , bellary
      Reviewed on Jan 22, 2016
    • Vijaya Bank Personal Loan
      "Happiest customer..."
      0.5 5.0/5 "Blown Away!"
      Vijaya bank is not that huge but they processed and delivered the personal loan on time. In five to six days I received one lakh. I can also rate more than five for Vijaya bank as literally they good. Directly the officers came my place to collect papers and within 24 hours they disbursed from the time of documentation. For personal loan the interest rate is just 9%.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 27, 2015
    • Vijaya Bank Personal Loan
      "Good Enough!!"
      0.5 3.0/5 "Satisfactory"
      They do not have a online system so everything was done offline. Immediately an executive came to collect the documents. In a weeks time they have approved my loan. Interest rate was around 15% hence satisfied. Very nominal processing fee was charged. Service was good. It would be better if Vijaya Bank establish online system so that it will be helpful.
      Was this review helpful? 0
      , bellary
      Reviewed on Nov 25, 2015
    • Vijaya Bank Personal Loan
      "Its fine"
      0.5 4.0/5 "Great!"
      The first and foremost reason for selecting Vijaya bank for the personal loan was the interest rate . The rate of interest offered by them was 13.7% and the processing fee for 3 lakhs is rs 3400. Online is not good when compared with ICICI. No discounts was given on the processing fee. Insurance was there however I did not opt for it.
      Was this review helpful? 1
      , bellary
      Reviewed on Nov 24, 2015
    • Vijaya Bank Personal Loan
      "The best loan"
      0.5 5.0/5 "Blown Away!"
      he best personal loan that I have ever taken was from Vijaya Bank the service offered by them was good. This loan was offered based on my salary account. I have applied for many banks. Interest rate offered by other bank were charging around 19%. However I am an account holder of Vijaya bank they have offered me the least interest rate which was 14.30% as of now its 14%. When I apply for other banks will take to force to take insurance where with Vijaya no such charges only handling fee was there.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 17, 2015
    • Vijaya Bank Personal Loan
      "Best rates "
      0.5 4.0/5 "Great!"
      Vijaya Bank have processed the loan application within 3-7days and they are good in loan process.Since I maintain my salary account with the same bank it was a easy process to get the loan.The response provided was not that good but they offer the best interest rate for the loan.
      Was this review helpful? 3
      , bangalore
      Reviewed on Oct 28, 2015
    • Vijaya Bank Personal Loan
      "Simple Documentation"
      0.5 5.0/5 "Blown Away!"
      Vijaya bank disbursed the personal l loan within 24 hour after submitting the document as the manger was good. Interest rate offered was approximately 13.5% which was low compared to other banks and the processing fee was nominal. Documentation process was simple.
      Was this review helpful? 2
      , angul
      Reviewed on Oct 26, 2015
    • Vijaya Bank Personal Loan
      "Twice taken "
      0.5 4.0/5 "Great!"
      I am having my salary account with VIJAYA bank. I took the personal loan from them which is for 2 lakhs. They have offered me the common rate of interest which is available in the market. I completed this loan before in one year itself. I do not find any difficulties with them.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 20, 2015
    • Vijaya Bank Personal Loan
      "Not satisfied.."
      0.5 2.0/5 "Expected more"
      I actually pre closed the personal loan from Vijaya bank because not satisfied with the services of the bank. The rate was 16% which is reducing basis. Just for sanctioning of one lakh they took almost three months, which is dissatisfied. Pre closure charge was nil.
      Was this review helpful? 1
      , mysore
      Reviewed on Sep 18, 2015
    • Vijaya Bank Personal Loan
      "Satisfactory.."
      0.5 5.0/5 "Blown Away!"
      VIJAYA Bank offered me a Personal loan with 10.50% rate of interest and compare to other banks its quiet less. Loan process was very fast and I am happy with their service. Processing charges charged by them was 500rs. I am getting regular alerts from them also.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 14, 2015
    • Vijaya Bank Personal Loan
      "Satisfactory.."
      0.5 4.5/5 "Excellent!"
      VIJAYA Bank is the best and convenient for to take Personal loan. Loan process was very fast. When I applied for the personal loan, verification was done by the same day Documentary also collected and they disbursed the loan amount within a day. Rate of interest offered by them 16.5% compare to HDFC Bank its less. Processing charges 4% its quiet high.
      Was this review helpful? 3
      , bellary
      Reviewed on Sep 12, 2015
    • Vijaya Bank Personal Loan
      "Quite ok"
      0.5 2.0/5 "Expected more"
      I avail a personal loan from Vijaya bank and i feel there must be improvisation on their overall services. Processing of loan was quite ok but customer service needs to take lot of initiative, interest rate is also quite higher, it would be better if it is negotiable. Overall i could say there must be some improvement on their services.
      Was this review helpful? 5
      , bangalore
      Reviewed on May 29, 2014
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