Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Vijayawada Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 15.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% 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
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    13% - 21% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + 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
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L 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
    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
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    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
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    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
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  • Vijayawada Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Better"
      0.5 4.5/5 "Excellent!"
      I came to know about Bnakbazaar.com through internet search. I would like to say that the response is good one with the Bankbazaaar.com and their customer service is also perfect one. Online portal of the Bankbazaar.com is easy to access.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Good "
      0.5 4.5/5 "Excellent!"
      My experience is okay with the ICICI bank and the rate of interest is around 11% for the personal loan. I would like to say that the customer service and other things are really fine one with them.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 22, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I came to know about Bankbazaar through Google. I have the mobile application of bankbazaar.The executives are very good and supportive. The website was really helpful and easy to navigate. We can find what ever we need. I would recommend bankbazaar to others.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 20, 2017
    • ICICI Bank Personal Loan
      "Not Approachable service"
      0.5 2.0/5 "Expected more"
      I applied for a personal loan with ICICI BANK. I requested 3 lakhs as personal loan. As my take home salary is given by cheque or cash i could not able to apply for personal loan . Tho i am not eligible to take loan the executive contacted me gave a proper reply.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 20, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I found bankbazaar through social media. When i gone through the website had many options. If we want to check for any loan there any list of banks providing loans. We can even able to check our credit score. That i found interesting with their website.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 18, 2017
    • ICICI Bank Personal Loan
      "Approachable service"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with ICICI Bank. I am not sure why my application got rejected from the bank. They did not gave me a proper reply. But i hope there service was at the mark. They executive even called me confirming my verification details and suddenly got rejected if the have given me a proper reason i would have more satisfied.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 18, 2017
    • Bank Bazaar Personal Loan
      "Easy to apply "
      0.5 4.0/5 "Great!"
      Bank Bazaar called me immediately as soon as I posted my loan request for the personal loan. I liked their response and its excellent. I am using the Bank Bazaar interface, I could see all the option its good to compare and analysand the benefits of banking products.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 16, 2017
    • ICICI Bank Personal Loan
      "Response part has to be improved"
      0.5 2.0/5 "Expected more"
      I am getting salary from Team lease team hence in my pay slip they won't update correct salary because of that reason, ICICI have rejected my personal loan application. I didn't get any alternate option. I have tried to reach ICICI three to four but they contacted only one.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 16, 2017
    • Bank Bazaar Personal Loan
      "Useful financial service"
      0.5 4.0/5 "Great!"
      I liked customer oriented service of Bank Bazaar, their executives are very prompt they are supportive on the customer queries which is related to the financial products. Bank Bazaar webpage is easy to check all the financial details, I used to receive updates from their end its very useful.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 16, 2017
    • ICICI Bank Personal Loan
      "Good product"
      0.5 4.0/5 "Great!"
      I have already loan with HDFC hence I don't have need to go head with ICICI for the persona loan. Particularly there was no reason, HDFC have processed my loan faster than ICICI bank. In term of interest ICICI is good, and they are giving good service to the customer.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 16, 2017
    • Bank Bazaar Personal Loan
      "Easy accessible"
      0.5 5.0/5 "Blown Away!"
      I got to know about Bank Bazaar through google its a social media site where one can find it easy to compare with diff banks and their service information .But one suggestion is need to be more transparent when it comes to charges and hidden policies and transaction fee etc.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 14, 2017
    • HDFC Bank Personal Loan
      "should have correct information "
      0.5 4.0/5 "Great!"
      As I have applied for personal loan through HDFC at first they said like no hidden charges and not a mandatory to avail policies that are included in that insipte of my written notice and mail that i have sent i have been charged extra for the policy which i didn't avail .I am unaware of insurance policy of hdfc .Even manager of that particular branch confirmed that the insurance policies are not mandatory totally dissatisfied with this.I was charged nearly 1500 as cheque draft for processing fee .The loan amount was disbursed was 5 lakhs and this was taken for a tenure period of 5 years .
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 14, 2017
    • ICICI Bank Personal Loan
      "Okay to bank"
      0.5 4.0/5 "Great!"
      I have just enquirer about personal loan with ICICI bank but i found out the rate of interest is bit high when compared to other banking services in the market.Their customer service is good .Over all I would say their service is good not bad but needs to improve.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 14, 2017
    • HDFC Bank Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      HDFC charged high rate of interest for the loan amount Rs. 3 lakhs, they offered me 18.25% of interest it was very huge. I have taken personal loan before two years but still is live, EMI are going well without hassle, I have concern only about the interest rate.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 14, 2017
    • Bank Bazaar Personal Loan
      "Userfriendly "
      0.5 4.0/5 "Great!"
      I liked website information and response is good with Bank Bazaar, when I posted my request. I got an instant reply from your end and they connected me with the bank on time. Whatever personal loan related queries, I have I had earlier got and the same was resolved through Bank Bazaar.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 14, 2017
    • ICICI Bank Personal Loan
      "Response part has to be improved"
      0.5 3.0/5 "Satisfactory"
      ICICI told my credit score is low hence they unable to process my personal loan application, Because of this reason my application got rejected. But the person who collected my documents, he didn't inform this, I tried reaching them but there was no response. It would be great if they give proper update to the customer.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 14, 2017
    • ICICI Bank Personal Loan
      "Interest rate and charges should be reduced"
      0.5 3.0/5 "Satisfactory"
      I am not happy about the repayment charges of ICICI loan, they were taking some fee to foreclosure the loan and also they charged me around 15% of interest on the personal loan for the principal amount of Rs. 6 lakhs with the tenure of four years.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 12, 2017
    • Canara Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      The personal loan service was very good with Canara bank. My personal loan application got approved and disbursed within a week time. The customer service is good with Canara bank. The rate of interest is high nominal from Canara bank and I am satisfied with the loan amount.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 05, 2017
    • Bank Bazaar Personal Loan
      "Bankbazaar is the one of best banking"
      0.5 5.0/5 "Blown Away!"
      Bankbazar is 100 percent genuine sites as it provides personal loans , business loans, and credit cards it is the best banking. Hatts off to bankbazaar.com Bankbazaar is working seven days continuosly . Customer care executives also provides best banking solutions.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 03, 2017
    • HDFC Bank Personal Loan
      "Nice Experience"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has been top in the personal loan experience. The executive was knowledgeable and came over and collected my documents on time. The process was also smooth and I got the disbursement as needed. The bank was reasonable on the interest rate and charges.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Aug 30, 2017
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    Vijayawada Personal Loan is Rated as "Great!" by 461 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Vijayawada Personal Loan

    Vijayawada is a commercial city in the Krishna district of Andhra Pradesh, and the third largest after Hyderabad and Visakhapatnam. The city is also popularly known by its historic name Bezawada.It is one of the busiest railway junctions in India and the second biggest bus terminus in Asia. This City is the commercial capital of the State and is politically active, socially dominant, and agriculturally rich and is an industrial transportation hub.The GDP of Vijayawada for 2008 was estimated at INR 5526 crores, INR 18,000 (US $3 billion) crore in 2010. The GDP is projected to grow to (US $17 billion) INR 1, 02, 000 crore by the year 2025.

    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 Vijayawada Personal Loan if you are

    01
    02
    03
    04
    Vijayawada Personal Loan Minimum Age

    At least 21 years old

    Vijayawada Personal Loan Maximum Age

    Less than 65 years old

    Vijayawada Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Vijayawada Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Vijayawada Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Vijayawada Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Vijayawada Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs

    Vijayawada Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Vijayawada Personal Loan amount by these steps

    01
    02
    Vijayawada Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Vijayawada

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Vijayawada 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

    Vijayawada Personal Loan Interest RatesUpdated on 24 Sep 2017

    Vijayawada 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 Loans in Vijayawada

    Personal loan also known as unsecured loan is a type of loan that is availed by a borrower from a bank or a financial institution to meet their personal expenses. Customers avail personal loans to pay for wedding-related expenses, pursue further education, clear off existing debts, or to help a loved one who is in a financial crisis. Personal loans attract high interest rate as unlike a home loan or a car loan, a personal loan is not backed by a collateral. In the bank’s eyes, a personal loan is risky as the only way to collect the funds back from the customer is to expect that they pay the agreed EMI on time.

    EMI stands for Equated Monthly Instalments. This is the amount that a borrower agrees to pay to the lender towards the repayment of the loan taken. The EMI amount is calculated by dividing the total loan amount taken by the borrower, plus charges if any, and the total interest payable by the number of months the loan is taken for.

    Personal Loans offered by various banks in Vijayawada

    There are many leading banks that offer personal loans in Vijayawada. Some of the banks and financial institutions are:

    • Fullerton
    • Oriental Bank
    • HDFC Bank
    • IndusInd
    • Bank of India
    • Dena Bank
    • Central Bank
    • IDBI Bank
    • Vijaya Bank
    • Yes Bank
    • Kotak Mahindra
    • Aditya Birla
    • Kotak Bank
    • Allahabad Bank
    • Bank of Baroda
    • Citibank
    • Standard Chartered Bank
    • Capital First
    • Tata Capital
    • HDBFS
    • ICICI Bank

    How do I get a Personal Loan with the lowest interest rate in Vijayawada?

    The interest rate that you pay on your personal loan is decided by the lender. Although the decision is taken by the lender, there are few things a borrowers can do to ensure they get low interest rates. Some of the steps you can take to avail a personal loan with low interest rate are:

    Employer-bank relationship: When you are applying for a personal loan, please check if your employer is tied-up with any bank. Usually, employers request banks to roll out offers on a personal loan for their employees.

    Display creditworthiness: Creditworthiness depends on the credit history of the borrower. If the borrower has paid their bills on time without defaulting in the past, they will be considered to be credit-worthy is the bank’s eyes. To display your creditworthiness, please pay your bills on time, do not default on your loans, and don’t use your credit card to the brim.

    Shop online: Most people approach the bank they are transacting with if they are in need of a personal loan. However, if you want to avail a personal loan at the lowest interest rate, shop online. When you compare various personal loans online, you will get to know about the best deal available for you in the market. Many third-party websites like BankBazaar allows you to compare various personal loans available in the market.

    Check for pre-approved loans: From time to time, banks give pre-approved personal loans to their customers. As the name suggests pre-approved loans mean that the bank has already approved the loan for you and all you have to do is to apply for it. As these kind of loans is given to selected account holders, banks give exciting discount on the interest rate.

    Reduce your debts: When you submit a loan application to the bank, they check if you have any existing debts. Try to avoid huge debts when applying for a personal loan. Make sure you have a good debt-to-income ratio. Debt-to-income ratio indicates the total amount of debt you have and the income you earn. Always make sure that you have less than 10% of your income as debt. The lesser the debt, the better.

    Personal Loan Interest rates in Vijayawada 2017

    Bank Interest Rate Range Type of interest rate Processing Fee Range Loan Amount Tenure
    ICICI Bank 11.59% to 18.49% Fixed 2.25% (min of Rs.1,149) Up to Rs.20 lakhs Up to 5 years
    Oriental Bank 10.85% to 11.85% Floating 0.5% Rs.50,000 to Rs.10 lakh Up to 5 years
    HDFC Bank 11.49% to 19.8% Fixed Up to 2.5% Up to Rs.25 lakhs Up to 5 years
    IndusInd 11.99% to 19% Fixed Up to Rs.3,000 Up to Rs.25 lakhs Up to 5 years
    Fullerton 17.25% to 37% Fixed 1.5% to 6% Up to Rs.15 lakhs Up to 4 years
    Kotak Mahindra Bank 11.49% to 20.15% Fixed Up to 2% Up to Rs.15 lakhs Up to 5 years
    Aditya Birla 11.5% to 13.25% Fixed Up to 2% Up to Rs.15 lakhs Up to 5 years
    Allahabad Bank 13.10% Fixed Up to 1.22% (Min of Rs.1,228) From Rs.50,000 to Rs.7.5 lakhs Up to 5 years
    Bank of Baroda 11.35% to 14.35% Fixed Rs.1,000 to Rs.10,000 Rs.20,000 to Rs.2 lakhs Up to 4 years
    Bank of India 13% to 14% Fixed Rs.1,000 to Rs.10,000 Rs.10,000 to Rs.5 lakhs Up to 3 years
    Citibank 10.99% to 15.99% Fixed 1% to 25% Up to Rs.30 lakhs Up to 5 years
    Standard Chartered Bank 11.25% to 14.49% Fixed Nil Up to Rs.30 lakhs Up to 5 years
    Capital First 12% to 18% Fixed Up to 15% Up to rs.15 lakhs Up to 5 years
    Tata Capital 11.99% to 19.50% Fixed Nil Up to Rs.20 lakhs Up to 6 years
    HDBFS 13.99% to 16.99% Fixed 1% to 2% Rs.1 lakh to Rs.5 lakhs Up to 5 years

    Salary requirements to avail Personal Loans in Vijayawada

    The income requirements to avail a personal loan in Vijayawada depends on the bank that you are availing the loan from. Generally, the salary requirements are as follows:

    • For salaried individuals - The minimum salary requirements for salaried individuals will range from Rs.7,500 and Rs.50,000 for salaried individuals.
    • Self-employed individuals - For people who are self-employed, the profit range should be between Rs.1 lakh to Rs.2 lakh (profit) annually.

    Vijayawada Personal Loan FAQs

    1. What is the best interest rate I will get on my personal loan?

      Currently, the lowest interest rate one can get on their personal loan in Vijayawada is 10.85% p.a. Please note that the interest rate keep changing from time to time. The best interest rate on a personal loan can be anywhere between 10% p.a to 12% p.a.

    2. Should I pay a penalty if I choose to prepay the personal loan earlier that agreed?

      Banks may charge you a prepayment fee if you close the personal loan before the agreed loan term. However, the prepayment rules differ from one bank to another. Please check with your lender about prepayment options.

    3. Can I apply for a personal loan if I’m unemployed for the last 8 months?

      Usually, banks ask you to submit last 6 months bank statements and 3 months’ salary slip to approve your personal loan. You may not qualify for a personal loan if you do not have a regular source of income.

    4. What is the best way to apply for a personal loan?

      You can apply for a personal loan in any one of the following ways:

      • Online
      • In person at the bank
      • By calling the bank’s customer care department
    5. What is the tenure for which I can avail a personal loan?

      Generally, the tenure for a personal loan ranges from 12 months to 60 months.


    Check For Latest: Gold Rate in Vijayawada Or Silver Rate in Vijayawada
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