Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 33 Vijayawada Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 16.49% Fixed
    0 Bankbazaar Exclusive
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
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    11.50% - 17.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    Customer Reviews
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.49% - 18.25% 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 100% PAPERLESS APPROVAL
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    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    10.99% - 14.49% Fixed
    0%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
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    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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  • Vijayawada Personal Loan is Rated as "Great!" by 531 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 19 Jul 2018

    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 2018

    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

    • Capital First Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CAPITAL FIRST 1 year back. The loan amount was less than a lakh and the interest rate was satisfactory . The tenure period was 2 years . I had a smooth documentation process and i have not faced any issues with the service . The processing fee was bit high .
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jul 05, 2018
    • Bank Bazaar Personal Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I had a good experience with BANK BAZAAR . Their customer service and responsiveness was really good. The website is very much user friendly and easy to navigate . The web portal's accuracy and speed is good so I would like to recommend to others.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jul 05, 2018
    • Bank Bazaar Personal Loan
      "Very useful app for everyone"
      0.5 5.0/5 "Blown Away!"
      The bankbazaar is good and they are giving the lots of options to choose the best products. Through the app i will come to know about the bankbazaar. My friend suggested me to downloaded the mobile application of bankbazaar. I used to get regular information through the app. The app is working fine. I used to check the regular updates. I'm getting a regular calls from customer care services.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jul 05, 2018
    • ICICI Bank Personal Loan
      "Not giving proper service. "
      0.5 4.0/5 "Great!"
      I have applied a personal loan in ICICI. They have rejected from the due to I'm getting a low salary which is 20000 from my company. I'm not aware of their interest rate and other processing fee and all. I never spoke with their customer care service since i don't need it. I have applied the loan amount of 2.5 lakhs. They used to fake promises to the customers.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jul 05, 2018
    • Bank Bazaar Personal Loan
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com is super and I came to know about it through online search. I would like to say that the customer service is good one with the Bankbazaar.com. Everything is better one for me with the Bankbazaar.com as such.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jun 19, 2018
    • HDFC Bank Personal Loan
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      Rate of interest is around 18.7% for the personal loan with the HDFC bank. I would like to say that the response is good one with the HDFC bank. I am happy with the HDFC bank as such, also I dont have any issues with them till now.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jun 19, 2018
    • Fullerton Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken a Personal Loan from Fullerton, there was a delay in processing the account I don't know for what reason. However the process was good, the rate of interest they have charges was OK and the emi which I have to pay is also comfortable.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jun 06, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with them had been fine. They had been showing good response from starting, it has been very quick response. I have started using the service of them very recently, and through their mobile application i have been using it and it has been easy. After i applied there has been good follow up from the customer support.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 27, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The overall experience i had with them has been very good. I had expected 1.5L and they had provided with 1L. The whole process had been okay and it has been a smooth process. It has taken just 3-4 days to get the loan amount which was good but the rate of interest was a little high.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 27, 2018
    • Bank Bazaar Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      The bank bazaar service was good in concern to my personal loan application, I have got better response from the bank bazaar. I have got the immediate call back from the bank bazaar team after applying for the personal loan. I use the bank bazaar website while applying for the personal loan which is easy to use .
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 21, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The Fullerton finance limited was ready to approve the personal loan, but the required documents were not available to submit. The customer support service and the response was good from the Fullerton. The rate of interest and the charges were average here.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 21, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I got the immediate response from the bank bazaar team after applying for the personal loan in the bank bazaar website. I know bank bazaar for more than 2 months. The customer support service and the response is good from the bank bazaar team.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 16, 2018
    • HDFC Bank Personal Loan
      "Below average service"
      0.5 1.0/5 "Really Bad"
      The time which was taken by the HDFC bank in regards to my personal loan was very high when compared with others, they took around 2months time to disburse the loan amount. The customer support service and the response need to be quick and fast from the HDFC bank.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 16, 2018
    • Axis Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with AXIS Bank 2.5 years back. The loan amount was 1 lakh the interest rate was 12% which is average and they tenure period was 5 years . The customer service and responses was really good . The processing fee was also nominal here and the pre closer is after 6 years .
      Was this review helpful? 0
      , vijayawada
      Reviewed on Apr 19, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My experience was really good with BANK BAZAAR. The customer service and responses was quite good. I have not faced any run time or down time error while using their website . Its a very Informative and user friendly , The options are so very useful so I would like to recommend to others.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Apr 19, 2018
    • Fullerton Personal Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken w ith FULLERON . The loan amount was 1.8 lakhs and the Interest rate was 30% which is very high in the market and the tenure period was 3 years . The customer service and responses was up to the mark. The processing fee was nominal.My overall experience was good.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Apr 19, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The transparency is not seen in the BAJAJ FINSERV personal loan process. I have got the personal loan from the BAJAJ FINSERV around 2 years ago. The customer support service and the response is not up to the mark and they don't give proper updates to the customers.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Apr 16, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The service is good from the bank bazaar team. They helped me to get a personal loan on time. The customer support service and the response is good with the bank bazaar end. I use the bank bazaar mobile application while applying for the credit card , which is easy to use.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Apr 16, 2018
    • Fullerton Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      The Fullerton personal loan service was good and they have approved the loan within the promised time, but they took time to disburse the cheque, which gave me disappointment. The required loan amount has been disbursed and I am satisfied with it.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Apr 16, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      This is first experience at Bankbazaar and the process was on time. They followed up as well properly and the website is good. The customer services are good and they are responsive. They communicated well and in all there are no issues to get to know the bank offers.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Mar 29, 2018
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