Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 Vijaya Bank Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    13.50% Floating
    0.75% + applicable tax One time fee
    10L Max
    1-5 years
    Response Time : Within 30 minutes
    Documents
    Perks
    Think about
    Eligibility Criteria
    Vijaya Bank Personal Loan is Rated as "Excellent!" by 25 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Under the V Cash scheme, Vijaya Bank offers personal loans for salaried and pension individuals at attractive interest rates with a maximum repayment tenure of 5 years.

    • Loan amount of up to Rs.10 lakh
    • Repayment tenure of up to 60 months
    • Quick approval and disbursal of loan
    • Minimal documentation process

    Vijaya Bank Personal Loan Overview

    Particulars Salaried Class Pensioner
    Interest Rate 13.75% 12.75%
    Loan Amount Up to Rs.10 lakh Up to Rs.2 lakh
    Processing Fee 0.75% of loan amount + GST 0.75% of loan amount + GST

    Why choose Vijaya Bank Personal Loan?

    Listed below are the key features of the personal loan scheme V Cash offered by Vijaya Bank:

    • Vijaya Bank offers short term credit loans for individuals who wish to find their education, marriage, purchase consumables, etc.
    • Individuals drawing a salary from a Vijaya Bank account can apply for a personal loan up to a maximum of Rs.10 lakh while Vijaya Bank pensioners can avail a personal loan up to Rs.2 lakh.
    • Salaried individuals can avail a loan 18 times their net salary over the past 6 months subject to a maximum of Rs.10 lakh and wherein the EMIs (Equated monthly installments) are not exceeding 40% of their take home salary.
    • Vijaya Bank pensioners can apply for a personal loan under the V cash scheme up to 18 times their net pension that has been credited in their account over the last 6 months and subject to a maximum of Rs.2 lakh.
    • In the case of salaried class loans, a minimum one salary has to be credited in the Vijaya Bank salary account prior to the process of applying for the personal loan.
    • Salaried individuals and pensioners seeking personal loans require a guarantor to apply for a personal loan.

    Vijaya Bank Personal Loan Fees and Charges

    Listed below are the fees and charges for the V Cash loan scheme offered by Vijaya Bank:

    PL Type Fees and Charges
    Salaried Class Processing fees: 0.75% of loan amount + GST Documentation charges:
    • Below Rs.2 lakh – No charges
    • Above Rs.2 lakh: -0.10%+ST min of Rs.500+GST
    Pensioner Processing fees: 0.75% of loan amount + GST Documentation charges: Nil

    Documents required

    Listed below are the documents that salaried individuals and pensioners have to submit for a Vijaya Bank personal loan:

    • Duly-filled personal loan application form
    • Proof of identity and age– Passport, Aadhaar card, Voter ID card, etc.
    • Proof of address – Aadhaar card, Voter ID card, Passport, etc.
    • 6 months salary slips
    • 6 months pension slips
    • 6 months bank statements
    • IT declaration form or Form 16
    • Passport-size photographs
    • Cheque for payment of processing fees

    What are the eligibility criteria for Vijaya Bank Personal Loan?

    • In the case of a personal loan for a salaried individual, the individual has to have a permanent job and has to be drawing his/her salary from Vijaya Bank. The salaried individual should be a minimum of 21 years old and should have at least 2 years of service left before he/she retires.
    • In the case of pensioner loans from Vijaya Bank, the applicant should not be more than 72 years old and his/her pension should be credited to a Vijaya Bank account.
    • For the salaried class wishing to avail a personal loan from Vijaya Bank, a third-party guarantee is mandatory though a spouse guarantee is not mandatory.
    • In the case of pensioners wishing to avail a personal loan from Vijaya Bank, spouse guarantee is mandatory. If the spouse guarantee is not a possibility, guarantee from any of the dependents of the applicant is mandatory.
    Age 21 years to 72 years
    Employment Status Salaried individuals and pensioners
    Citizenship Resident citizen of India
    Minimum Net Salary EMI should not exceed 40% of their take home salary.

    How does the EMI calculation of Vijaya Bank Personal Loan work?

    Let’s assume that Raj took a loan for Rs.1 lakh with a repayment tenure of 1 year and an interest of 13.75% p.a. Listed below is the personal loan amortisation table over the one-year repayment period.

    Months Principal (A) Interest (B) (A+B) Total Balance Loan % paid to date
    Apr ₹ 7,821 ₹ 1,146 ₹ 8,967 ₹ 92,179 7.82%
    May ₹ 7,911 ₹ 1,056 ₹ 8,967 ₹ 84,268 15.73%
    Jun ₹ 8,001 ₹ 966 ₹ 8,967 ₹ 76,267 23.73%
    Jul ₹ 8,093 ₹ 874 ₹ 8,967 ₹ 68,174 31.83%
    Aug ₹ 8,186 ₹ 781 ₹ 8,967 ₹ 59,988 40.01%
    Sep ₹ 8,280 ₹ 687 ₹ 8,967 ₹ 51,708 48.29%
    Oct ₹ 8,374 ₹ 592 ₹ 8,967 ₹ 43,334 56.67%
    Nov ₹ 8,470 ₹ 497 ₹ 8,967 ₹ 34,863 65.14%
    Dec ₹ 8,567 ₹ 399 ₹ 8,967 ₹ 26,296 73.70%
    Jan ₹ 8,666 ₹ 301 ₹ 8,967 ₹ 17,630 82.37%
    Feb ₹ 8,765 ₹ 202 ₹ 8,967 ₹ 8,865 91.13%
    Mar ₹ 8,865 ₹ 102 ₹ 8,967 ₹ 0 100.00%

    For a personal loan of Rs.1 lakh over a period of 12 months, Mr.Raj will have to set aside Rs.8,967 every month as the EMI to pay back Vijaya Bank the principal amount plus the interest rate of 13.75% p.a.

    How does Vijaya Bank Personal Loan compare with other lenders?

    Particulars Vijaya Bank Bajaj Finserv Personal Loan Citibank Personal Loan SBI Personal Loan
    Interest rate 12.75% p.a. - 13.75% p.a. 10.99% p.a. to 17.84% p.a. 10.99% p.a. to 18.00% p.a. 12.00% p.a. onwards
    Processing fee 0.75% of loan amount + GST Up to 3.99% of the loan amount 2.00% to 3.00% of the loan amount 1% + GST
    Foreclosure charges 4% + applicable taxes on the outstanding principal amount Nil 3% of the outstanding loan amount

    FAQs of Vijaya Bank Personal Loan

    Where can I apply for a Vijaya Bank personal loan?

    If you are drawing a salary or a pension from a Vijaya Bank salary or pension account, you can apply for a personal loan online on the website of Vijaya Bank or you can apply for a personal loan at the Vijaya Bank branch you hold an account (salary or pension) with. If you have chosen the offline process, you can download the personal loan application form online on the website of Vijaya Bank. The applicant should the fill his/her personal details and all other required information and attest the application form.

    What if I have had a salary account with Vijaya Bank for less than 6 months and wish to apply for a personal loan?

    To apply for a personal loan from Vijaya Bank, the salaried individual should have had at least one-month salary credited in his/her account prior to applying for a loan.

    Is it possible to apply for a personal loan of Rs.13 lakh from Vijaya Bank? I have held a salary account with them for a while now.

    No, a personal loan amounting to Rs.13 lakh will not be possible as for salaried individuals, the loan amount that one can avail is Rs.10 lakh and pensioners can apply for a personal loan up to a maximum of Rs.2 lakh.

    Will the processing fee be higher if I apply for a personal loan online on the website of Vijaya Bank?

    No, whether you apply for a personal loan online or offline, the processing fee will remain the same at 0.75% of the loan amount that one availed plus GST (Goods and services tax).

    What if I do not have an IT declaration form for the last year to submit during the application process?

    If you do not have an IT declaration form, you can submit Form 16 instead.

        

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    Vijaya Bank Personal Loan Reviews

    • Vijaya Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied for Vijaya Bank Personal Loan directly with Bank ,The rate of interest and processing fee was nominal ,The loan amount got on time ,loan amount was 4.25lakhs for the tenure of 5years and got the exact amount ,The service is good and the loan is still on process .Documents was submitted as well .
      Was this review helpful? 2
      , bangalore
      Reviewed on May 02, 2019
    • Vijaya Bank Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      I have taken my personal loan bank in Vijaya Bank before 2 years back since my salary account is with them and its easy to make the loan due. The process was good and they done the disbursement within a week but recently they taking 10days. The loan duration is 6 years.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 29, 2019
    • Vijaya Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with VIJAYA BANK , they charge very nominal rate of interest compare to other . Customer support and their response is good with this bank . I use to pay EMI on time . My experience with VIJAYA bank is very great and i am happy with that .
      Was this review helpful? 2
      , bangalore
      Reviewed on Feb 19, 2019
    • Vijaya Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with VIJAY BANK 2 months back. The loan amount was 58,000 and the interest rate was satisfactory . The customer service and responses was good. The tenure period was years and here is no convenient faced . I had a very satisfactory process here,
      Was this review helpful? 14
      , bangalore
      Reviewed on Aug 21, 2018
    • Vijaya Bank Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      Vijaya bank told to open an account for the Personal loan, only they were looking authorized person then loan documentation went well. I took the loan of Rs. 3 lakhs without any pressing fee but they took bond paper around Rs. 500 from the disbursal amount.
      Was this review helpful? 5
      , bangalore
      Reviewed on Feb 16, 2018
    • Vijaya Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My Personal loan experience with Vijaya bank was good, the loan amount was for Rs 3-4 lakhs with the nominal rate of interest when compared to all other banks. Customer service was good and they provided door step service to collect the documents. The tenure of this loan is 4 years and overall it was a good service.
      Was this review helpful? 2
      , new delhi
      Reviewed on Feb 14, 2018
    • Vijaya Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Vijaya Bank for rs 2,00,000 with rate of interest 13.25% for 48 months and was okay with the processing charge. The process was perfect and there were no hassles in getting my loan through. I am happy that the process to get the loan was good.
      Was this review helpful? 6
      , bangalore
      Reviewed on Jan 29, 2018
    • 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? 6
      , 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? 2
      , 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? 3
      , 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? 3
      , 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? 6
      , 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? 4
      , 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? 3
      , 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? 2
      , 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? 2
      , 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? 3
      , 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? 3
      , 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? 8
      , 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? 4
      , angul
      Reviewed on Oct 26, 2015
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