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% - 14.49% Fixed
    0 to ₹1,180
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    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
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    Customer Reviews
    10.99% - 20.70% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
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    12.99% - 12.99% 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
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    10.99% - 17.99% Fixed
    2.25% (min. ₹1,499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    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
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    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    Paperless approval available
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    10.99% - 15.99% Fixed
    Up to 0.5%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
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    Customer Reviews
    10.99% - 17.99% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
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    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
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    Perks
    Fees & Charges
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    Eligibility Criteria
    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
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  • Vijayawada Personal Loan is Rated as "Great!" by 490 Users

    Fees & Charges

    Promised Interest Rate

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    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 23 Nov 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

    Vijayawada Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I get immediate response from bank bazaar team. I know bank bazaar for past 3months . The customer support is very good with bank bazaar. The support team is very prompt with bank bazaar. I have used bank bazaar mobile application which is easy to use and customer friendly.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Nov 10, 2017
    • Fullerton Personal Loan
      "Need Improvement"
      0.5 3.0/5 "Satisfactory"
      The Fullerton executives promised me that they will give a call back in regards to my personal loan application, but I never received any kind of call back from Fullerton. The customer support need to be improved with Fullerton. They never gave me the reason why my application got closed.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Nov 10, 2017
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Full supporting I will take the loan With very minimal documents I will take home salary is low this bank bazer view offers and Giving the loan of small documents Its very use ful for low salary earners please use the this bank bazar app or web.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Nov 10, 2017
    • Bank Bazaar Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      My experience is good with bank bazaar, I can see the details directly online without contacting any person or visiting the bank. The customer service and response is excellent. I used online website, it was customer friendly and easy to navigate.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Nov 08, 2017
    • HDFC Bank Personal Loan
      "Easy to approach"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC bank in the year of 2015 for 1Lakh. Again last month I have taken 2L using my credit card. The customer service and response is very good. ROI is satisfied. The payment was auto debited from my salary account. Monthly I pay Rs.9600 for 2 years.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Nov 08, 2017
    • Bank Bazaar Personal Loan
      "Very need ful site"
      0.5 5.0/5 "Blown Away!"
      Bankbazar site is very useful for online customers. My personal loan navigation is very easy method. The site is also very much recommendable to know about your credit score very easy. Further, customer service is very good. I have shared the benefits of this site to all of my friends.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Nov 05, 2017
    • Bank Bazaar Personal Loan
      "Best online offers portal"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar us the best portal to search and apply for best offers. It shows loans offers with best deals at best places with suitable rates also it provides to check credit score and guides to improve the same. It is the friendly online and safe
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 27, 2017
    • Bank Bazaar Personal Loan
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      i have a very good experience with bank bazaar..and very easy to upload documents and completing process, customer service response was really is very good, this is my first experience with bank bazaar it was very good ..thanks to bank bazaar
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 25, 2017
    • Karur Vysya Bank Personal Loan
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      I have a salary account from KARUR VYSYA bank so I got the loan process was easy they were not much needed with any documents the rate of interest they offered was 18 % which was fine compared to others in the market and the payment will be auto debited from my salary account .
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 24, 2017
    • Bank Bazaar Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      It was a very nice experience I had from Bankbazaar.com but I feel Bankbazaar.com customer service is not not they need to improve their customer service the Bankbazaar.com is easy to navigate also the regular followups from Bankbazaar.com staffs regarding my loan process.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 24, 2017
    • Fullerton Personal Loan
      "average service"
      0.5 2.0/5 "Expected more"
      It have been a very nice experience with FULLERTON for my personal loan service ,I am disappointed that I was unable to connect with FULLERTON customer service also the FULLERTON customer service is not much helpful even the rate of interest they offered was little high compare to others in the market which was 13 %,it was a average service from FULLERTON regarding my personal loan service.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 24, 2017
    • Bank Bazaar Personal Loan
      "Everything was good"
      0.5 4.0/5 "Great!"
      I received an email first, consequently I visited the website. The first impression was pretty good and the whole customer experience through Bankbazaar was fantastic. I found my Financial service for Personal Loan using this website..
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 16, 2017
    • Fullerton Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      I felt the experience with Fullerton to be very good. The whole process took very little time. The paper work involved were minimal. I felt the rate of Interest also to my liking, I found a correct Financial service in the correct time. Their customer service is also good.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Very good experience"
      0.5 5.0/5 "Blown Away!"
      My experience at Bankbazaar is good and the overall process is fine. It was excellent services and the team is very much clear in communicating the details. The website is also good and it was very much convenient to browse through and to register my information.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 14, 2017
    • ICICI Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      The overall experience was good at ICICI Bank. Just that there was a signature mismatch and I went to the bank and I was asked to visit my personal bank to sort it out. It is for a personal loan. The rate of interest was around 16% and the processing charges was of 8K. I had applied for a two lakh loan and I got 1.92 Lakh.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 14, 2017
    • Capital First Personal Loan
      "Interest rate and charges should be reduced"
      0.5 5.0/5 "Blown Away!"
      At the time of emergency I have taken personal loan from Capital First but their charges and interest rate is very high. They sanctioned the loan amount Rs. 2.90 lakhs but they credited only the amount of Rs.2.62 lakhs, after deduction of all the charges. It would be great if they reduced the charges.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 14, 2017
    • HDFC Bank Personal Loan
      "Hassle free"
      0.5 5.0/5 "Blown Away!"
      I am very much glad about HDC personal loan, before four month I took it. At the time documentation procedure was simple, everything was done through online, I took the amount 4.5 lakhs for the tenure of five years. I am fine with the loan period as well.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 13, 2017
    • HDFC Bank Personal Loan
      "Interest rate and charges should be reduced"
      0.5 3.0/5 "Satisfactory"
      HDFC told me 15.9% of interest, but they disbursed the loan amount with 17% of interest it was higher side and they not communicated anything clearly to me. I took the loan amount of Rs.4.5 lakhs in that they taken 20,000 as processing fee it was very high. I am not fine with interest rate and charges.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 06, 2017
    • Bank Bazaar Personal Loan
      "Good website for Bank Bazaar"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is a good service provider, I like all service of them like quick response, website information is really excellent. Bank Bazaar is a good option to check the loan products before avail it. I am very much impressed with their innovation.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 06, 2017
    • ICICI Bank Personal Loan
      "Service part has to be improved"
      0.5 3.0/5 "Satisfactory"
      HDFC acknowledged my personal loan request before ICICI, HDFC have called me and collected the documents and done the process. But there is no particular reason not to go with ICICI, Response time got delay but their rate of interest was nominal.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 06, 2017
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