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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
    Think about
    Eligibility Criteria
    Vijaya Bank Personal Loan is Rated as "Excellent!" by 23 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service



    Vijaya Bank is a medium sized Public Sector Bank with presence across India. Is one of the nationalised banks in India. Bank has built a network of 151. 2 branches, 864 centers, 48 Extension Counters and 1500 ATM's as on 12.02.2014, that span all 28 states and 4 union territories in the country. Vijaya Bank offer different loans schemes like Personal Loan, Home Loan, Education Loan, Vehicle Loan, Restaurants Loan, Loan against property. Vijaya Bank provides personal loans for meeting short term credit need of the applicants for medical expenses, marriage of applicant/family members, purchase of consumer durables, etc. Read on to know more details

    Documentation needed to apply for an Vijaya Bank Personal Loan

    • 1. Signed application form with photograph
    • 2. Copy of passport/voter ID card/driving license
    • 3. Processing fee cheque
    • 4. Last 3 months bank statement/6 months bank passbook
    • 5. Documentation for salaried applicants:
      • Latest salary slip
      • Current dated salary certificate with the latest Form 16
    • 6. Documentation for self-employed applicants:

      • Latest Bank statement
      • Latest ITR or Form 16

    Vijaya Bank Personal Loan Interest RatesUpdated on 25 Mar 2019

    Vijaya Bank Personal Loan Details
    Interest Rate 13.50 %
    Loan Tenure 60 months
    Processing Fees 0.75% of loan amount + applicable tax
    Guarantor Requirement Guarantor required

    About Vijaya Bank Personal Loan

    Enquire for Vijaya Bank Personal Loan

    Founded in 1931 by Shri A.B. Shetty, Vijaya Bank is one of the largest banking and financial institutions in the country today. Starting from a solitary branch in Mangalore, Karnataka, Vijaya Bank has grown to over 1620 branches, 50 Extension Counters and 1500 ATMs across India. The bank was nationalised in 1980 and has been dedicated to providing the best service to its customers.

    Vijaya Bank has kept pace with changing times, incorporating the latest technical advances in its products and has a keen understanding of emerging trends. A workforce of over 13,000 individuals ensures that all banking needs of customers are met immediately. Vijaya Bank offers Personal Loans designed to cater to any need a customer could have, putting the needs of the customer first.

    Why choose Vijaya Bank Personal Loan?

    Financial emergencies can arise any moment in this topsy-turvy world, deeply impacting the way we live. It so happens that individuals put the needs of others before their own personal needs, owing largely due to financial constraints. Vijaya Bank offers personal loans designed to meet any financial emergencies an individual could have, be it for a wedding, home repairs or vacation, ensuring their quality of life is not impacted.

    Vijaya Bank believes in catering to the needs of the customer, offering hassle free and simple financial solutions, including personal loans. The bank is one of the most trusted names in the Indian banking scene, having earned its reputation over decades of impeccable service and dedication.

    Features of Vijaya Bank Personal Loan

    Personal Loans offered by Vijaya Bank come with a host of features, some of which are mentioned below.

    Multipurpose Loans – Vijaya Bank offers personal loans to meet any short term credit needs, be it for anniversary celebrations, vacations or furniture shopping, ensuring that no credit need is too small or irrelevant to be met.

    Competitive Interest Rates – Vijaya Bank offers personal loans at extremely competitive interest rates, ensuring the loan doesn’t become a burden on the borrower.

    Long Repayment Period – Personal loans offered by Vijaya Bank have a long repayment period of up to months, allowing the borrower sufficient time to clear the loan.

    High Loan Amount – Individuals can obtain loan amounts equivalent to their take home salary for the last 18 months, subject to a maximum of Rs. 6 lakh.

    Loan For Pensioners – Vijaya Bank offers loans to pensioners as well, ensuring they can meet any obligations even post retirement.

    Hassle Free – The personal loan process in Vijaya Bank is quick and individuals can obtain a loan without any hassles, provided they are eligible for it.

    Guarantor – Pensioners need to have a guarantor in order to obtain a loan from Vijaya Bank. Loans sanctioned to others might not require a guarantor.

    Low Service Charge – Vijaya Bank levies service charges up to a maximum of 0.55% of loan amount or Rs 2,000 for personal loans.

    There are times in life when you will need money urgently, for example if you are hospitalized or are getting married. If you have not planned for this expense you might find yourself in a money-crunch. Personal loans are designed for customers to avail at such instances. Personal loans can be availed at Vijaya Bank at competitive rates. Vijaya Bank charges interest rate based on the MCLR system if the loan has been taken after 1/4/2016. If a loan is taken before this date, then the interest rate will be computed using the base rate. If you availed a loan before this date, you can opt to migrate to the MCLR system if you wish to do so. All you have to do is contact the bank for doing this.

    Vijaya Bank Marginal Cost of Funds Based Lending Rate (MCLR) (For new borrowers)

    The current MCLR benchmark rates at Vijaya Bank is highlighted in the table below. These rates reflect the current economic conditions and thus are regular changes can be expected.

    MCLR Benchmark Tenure (Period) Benchmark Rates (MCLR)
    Overnight 9.20%
    1 month 9.25%
    3 months 9.35%
    6 months 9.40%
    1 year 9.45%
    2 years 9.50%
    3 years 9.55%

    Vijaya Bank Personal Loan Interest Rate

    For Pensioners MCLR 1 Year + 3.25%
    For others MCLR 1 Year + 4.25%

    Vijaya Bank Base Rate (For existing borrowers)

    Base Rate 9.65% per annum (effective October 8, 2015)

    Vijaya Bank interest rate for Personal Loans (Based on Base Rate)

    If you have availed a personal loan before the MCLR benchmarks became the norm, then your interest would be calculated using the base rate which is the old benchmark. Calculating the interest using the old benchmark will typically mean that you will be charged a few percentage points over the base rate. A number of factors decide the final interest rate and will be decided at the bank’s discretion.

    Note: All rates mentioned here are valid as of June 15, 2016. These rates are subject to change at the sole discretion of Vijaya Bank. Applicants must check the rates with the bank before applying.

    Individuals who wish to obtain a personal loan from Vijaya Bank need to meet the following eligibility criteria.

    • Salaried/Pensioner – The applicant should be a salaried individual or should be a pensioner with a regular source of pension.
    • Age Limit – The applicant should be at least 21 years old and should be less than 56 years old, in case of salaried individuals. The exit age for pensioners is 72 years.
    • Service – Salaried applicants should have at least 4 years of service left.
    • Guarantor – A guarantor is needed in case the loan applicant is a pensioner.

    An applicant is also required to furnish the following documents to obtain a Vijaya Bank Personal Loan.

    • Salary Certificate – The applicant needs to furnish the latest salary certificate in order to be eligible for a Vijaya Bank Personal Loan.
    • Valid ID proof – This could be any government approved photo ID card.

    It is essential to know the EMI amount in order to plan the repayments, and Calculating the Personal Loan EMI is no longer an arduous task, thanks to Individuals can easily calculate the EMI amount due each month by simply logging onto the website and choosing the EMI Calculator tool. They are required to fill in the loan amount, tenure and interest rate, with the calculator doing the hard work of giving the exact EMI amount and representing it in a simple and easy to understand format.

    1. How can an individual obtain the form to apply for a Vijaya Bank Personal Loan?

      The personal loan application form can be downloaded from the website of Vijaya Bank or could be procured from the nearest Vijaya Bank branch.

    2. How long does it take to process the loan application?

      The bank can take up to 7 days to process the loan application.

    3. Who can stand as a guarantor for pensioners?

      The spouse of the pensioner is generally considered as the guarantor, but in cases where the spouse is legally separated or dead, a third party guarantor is required.

    4. Are there any pre-closure charges?

      Vijaya Bank can levy a pre-closure charge up to 4% of the pre-closed amount.

    5. How can an individual contact bank representatives to get information on personal loans?

      Individuals can call the toll free number of Vijaya Bank.

    6. How many personal loan schemes does Vijaya Bank have?

      Vijaya Bank has only one personal loan scheme, titled V Cash.

    7. Who can avail a loan under this personal loan scheme?

      A loan under the V Cash scheme can be availed by pensioners and salaried individuals, subject to them meeting certain conditions set by the bank.

    8. Should a borrower have an account with Vijaya Bank in order to avail a loan?

      Yes, a borrower should have an account with the bank in order to avail a loan under V Cash. A salaried individual should be drawing his/her salary through a Vijaya Bank branch while a pensioner should be drawing pension from an account with the bank.

    9. What is the maximum loan amount one can avail under this loan scheme?

      The loan amount a borrower is eligible for depends on his/her standing, with salaried individuals entitled to a maximum of Rs 6 lakh and pensioners eligible for Rs 2 lakh. This loan amount is provided at the discretion of Vijaya Bank and can change from person to person.

    10. Are there any age limits a borrower should satisfy in order to be eligible for a loan?

      Yes, a borrower should be at least 21 years old, with an upper age limit of 55 years if he/she is a salaried individual. Pensioners who wish to avail this loan should ensure that they are under the age of 72 years at the time of complete repayment.

    11. How can one repay the loan?

      Borrowers can repay the loan through regular EMIs.

    12. What is the maximum repayment tenor of a V Cash loan?

      The maximum tenor of a V Cash personal loan is 5 years, with a borrower expected to completely repay the amount within this time.

    13. Can one apply for a Vijaya Bank personal loan online?

      An individual can download the application form for a V Cash personal loan through the official website of Vijaya Bank. This form can be filled and submitted along with the necessary documents to a Vijaya Bank branch for processing.

    14. Is it necessary for a salaried borrower to provide proof of income?

      Yes, a borrower should provide proof of his/her income while applying for a loan. The bank uses this proof to gauge the repayment capacity of a borrower.

    15. What is the processing fee charged by Vijaya Bank on its V Cash loan?

      Vijaya Bank charges a processing fee based on the loan amount taken by an individual. There is no processing fee if the loan amount is under Rs 25,000, while it varies from 0.15% to 0.55% of the loan amount for loans between Rs 25,000 and Rs 2 lakh. For loans greater than Rs 2 lakh it charges a processing fee between 0.15% and 0.28%. The processing fee is charged based on the location of a borrower, with lower processing fee for individuals in rural areas.

    Vijaya Bank Personal Loan Reviews

    • 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
      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? 12
      , 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
      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? 5
      , 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? 5
      , mumbai
      Reviewed on Apr 30, 2016
    • Vijaya Bank Personal Loan
      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? 7
      , 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
    • 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? 3
      , 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? 3
      , mysore
      Reviewed on Sep 18, 2015
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