Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 Vijayawada Personal Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    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
    What you'll love
    Documents
    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 option 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 option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    0 One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    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 option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    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 Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.70% - 11.70% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    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 option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11% - 16.49% 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
    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 Customer Support
      "Personal loan"
      0.5 4.5/5 "Excellent!"
      Hi this is jo , I have applied for the loan at bankbazaar loan as it is a very easy process for the personal loan , So, please you people also apply for the loan online through bankbazaar site. Also I am sharing this my friends , also I would like to thank bankbazaar for the same.
      Was this review helpful? 1
      , vijayawada
      Reviewed on Jul 20, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I am happy with the bankbazaar services. They provided a good response and I received regular followup and updates from them. Even the website is quite easy to approach and it is helpful to apply for the loan. The website has good feature to check the interest rate.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jul 19, 2017
    • ICICI Bank Personal Loan
      "Not Responsive"
      0.5 2.0/5 "Expected more"
      I approached ICICI bank for the personal loan. I never received proper response from the bank end for my personal loan application. Even they rejected my application stated that the salary is not sufficient to get the loan from them. Finally I dropped my plan.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jul 19, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      Bankbazaar has good website which is easy to handle and helpful to apply for the loan by checking the interest rate and other details. They provided a good service when I submitted my loan application on bankbazaar website. Overall service is good.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jul 13, 2017
    • ICICI Bank Personal Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      Due to documents constrain I could not get the personal loan from ICICI bank. Actually I approached ICICI bank for the personal loan. When I applied for the loan I had received good response from. It would be better if they are more customer oriented.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jul 13, 2017
    • Bank Bazaar Customer Support
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      I am pretty happy with Bankbazaar because they have done a good job overall. The response was on time and the team was clear in the communication. There were a number of follow up calls too. I am happy with the portal as the details are clear and informative.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jul 05, 2017
    • ICICI Bank Personal Loan
      "Not Satisfied with the services"
      0.5 1.0/5 "Really Bad"
      ICICI Bank has not approached me after I applied for a personal loan. It was not a good experience as there was a zero response from the bank. I have no information on the rate of interest and processing charges. Overall the bank is not recommendable.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jul 05, 2017
    • ICICI Bank Personal Loan
      "Need Improvement"
      0.5 1.0/5 "Really Bad"
      I have applied for Rs.2,45,000 personal loan with ICICI bank. I want to do a balance transfer with capital first and the bajaj finance loans. The ICICI customer service didn't came back to me in concern to my personal loan application. The rate of interest is nominal with ICICI bank.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Excellent process"
      0.5 4.0/5 "Great!"
      I like bank Bazaar, because their service is really nice, I came to know Bank Bazaar through internet when I was looking for the personal loan. They gave me good support on my loan search, I have been using it for six month but this is the first time I applied for personal loan and it was a great success.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jun 15, 2017
    • Fullerton Personal Loan
      "Interest rate and charges has to be reduced"
      0.5 4.0/5 "Great!"
      Everything went fine, apart from the interest rate and charges was too high. I took the loan amount of Rs.5.20 lakhs but the amount credited only Rs.4.97 lakhs nearly Rs.25,000 they deducted for processing fee and other charges . Fullerton charged 18.5% of interest it is high, if its better if they reduce the interest rate and charges that would be convenient to all.
      Was this review helpful? 1
      , vijayawada
      Reviewed on Jun 15, 2017
    • Bank Bazaar Customer Support
      "Friendly services"
      0.5 5.0/5 "Blown Away!"
      It was a very good experience with Bankbazaar as the whole process was on time and the bank kept following up right till the end. The initial response was prompt and the team was helpful in providing suggestions and the details about the offers which I am eligible for.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jun 01, 2017
    • ICICI Bank Personal Loan
      "More clarity is required"
      0.5 3.0/5 "Satisfactory"
      Since my company was not listed, ICICI Bank did not process the personal loan. I suggest that the bank should be more clear in what they convey to the customers. There was no clarity in this process. The rate of interest and processing charges were very much normal.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jun 01, 2017
    • Bank Bazaar Customer Support
      "Smooth process"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar has been on time and they were professional in communicating the details to me. It was a quick process and the overall experience has been good because I also had follow up calls from this team on a regular basis from their end.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 29, 2017
    • ICICI Bank Personal Loan
      "Not satisfactory"
      0.5 1.0/5 "Really Bad"
      It was not a satisfactory experience with ICICI Bank, as I have applied for a personal loan and I have not gone ahead with it as there was a zero response from the bank. I would not wish to recommend this services as the bank has not even called in to check the requirement.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 29, 2017
    • ICICI Bank Personal Loan
      "Good but need to be customer centric in future."
      0.5 2.5/5 "Just OK"
      I haven't got the personal loan with ICICI bank, because there was lack of one single document, that was the reason for the cancellation of the personal loan application. They did not provide sufficient time to submit the documents. The documentation process can be done in a processed way, The rate of interest is nominal with ICICI bank. Overall the service was average with ICICI bank.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Indeed! Not supportive"
      0.5 2.0/5 "Expected more"
      I applied for personal loan with HDFC bank for two times. All the times I had submitted my application along with the documents. But the bank had not been accepted my loan application but they rejected it. That is because of HDFC bank only, my documents been misused by them. My experience with HDFC is not good.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 18, 2017
    • Bank Bazaar Customer Support
      "Better Service"
      0.5 4.0/5 "Great!"
      I got good response from bankbazaar. I visited bankbazaar site and submitted my loan application over their website. Post which I got response from bankbazaar executives and they followed up my application and promptly forwarded it to the financial institutions.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 18, 2017
    • Fullerton Personal Loan
      "Not Recommendable"
      0.5 1.5/5 "Bad"
      Initially the personal loan had not been accepted by Fullerton saying I have some problem with credit score. So I checked with CIBIL forum where they said my credit score is good and no problem on it. So again reverted back to Fullerton but they said they received negative feedback from HDFC. So I wrote an email to HDFC manager but they informed me that they never produced any kind of negative feedback about me. At last Fullerton processed the loan and almost it took around one to two months to complete the process. Interest rate is very very high with them, which is close to 40%. At that time, I was in medical emergencies so I took the loan with high interest rate. Actually I applied for 60 thousand but they given 70 thousand with near to 40% of interest rate for 4 years. Even after disbursement, they did not inform me the status of the loan on time, again it was delayed to know the status itself.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 18, 2017
    • Bank Bazaar Customer Support
      "Very much satisfactory"
      0.5 5.0/5 "Blown Away!"
      I got regular calls and proper information from bankbazaar. I am completely satisfied with their kind of service, it is too good and very supportive. It would be fine if their app is little more fast but other than that, everything else is good with bankbazaar.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 10, 2017
    • ICICI Bank Personal Loan
      "Improve the level of service"
      0.5 3.0/5 "Satisfactory"
      Everything was fine with ICICI bank on my personal loan but the bank had not credited the loan amount in to my account but simply they sent a message that they had disbursed the loan amount. I continuously followed with them for four days even after I received such a message from the bank, because of my continuous followup they had credited the amount into my account after four days. This is something very sensitive the bank has to focus on such things. Nevertheless the rate of interest is very high than any other banks.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 10, 2017
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    Vijayawada Personal Loan is Rated as "Great!" by 428 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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 29 Jul 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

    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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