Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    We found 33 Visakhapatnam Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Customer Reviews
    11.49% - 18.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    12.00% - 17.00% Fixed
    1%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Visakhapatnam Personal Loan is Rated as "Great!" by 723 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Visakhapatnam Personal Loan

    Visakhapatnam, also known as “Vizag”, is a port city on the southeast coast of India in the state of Andhra Pradesh. It is often called "The Jewel of the East Coast" and the "City of Destiny". The city is home for various state owned heavy industries and a steel plants. Apart from accommodating various international information technologies and banking firms, the city is a hub for iron ore and other minerals which are exported to China and other countries. The fishing and real estate industry has seen a tremendous growth.The city has a population of over 1 million, is the second largest city in the state of Andhra Pradesh and the third largest city on the east coast of India. Visakhapatnam has been recognised as a Global City of the Future by McKinsey Quarterly.

    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.

    Visakhapatnam Personal Loan Interest RatesUpdated on 16 Jan 2019

    Visakhapatnam 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 Visakhapatnam

    Gone are the days when a person used to approach a friend or a private lender for funds if they faced a financial crisis. Personal loans are very popular among people today. Many reputable banks and financial institutions provide exciting offers on personal loans as it is one of the most sought-after financial products. Easy approval process makes personal loans all the more famous. People take personal loans for various reasons like wedding expenses, medical emergencies, investment, buying gold, or for children’s education.

    What is a personal loan?

    A personal loan is a kind of unsecured loan which means that the loan is not backed by a collateral. It is rolled out by a bank or a financial institution to a borrower. The borrower may use the loans for any purpose they deem necessary.

    Personal Loans offered by various Banks in Visakhapatnam

    Visakhapatnam is a port city in the state of Andhra Pradesh which is developing in all sectors. There are many reputable banks and financial institutions in Visakhapatnam. Some of the leading banks and financial institutions that offer personal loans in Visakhapatnam are:

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

    How do I get a personal loan with the lowest interest rate in Visakhapatnam?

    The interest rate is usually high for personal loans. In a long run, the lower the interest rate, the better. So, when you avail a personal loan, make sure you have a low interest rate as it will directly affect the EMI amount you are going to pay every month. The interest rate on your personal loan is determined by various factors. Before applying for a personal loan, you can make sure you have done the following things which will help you get a better interest rate on your loan:

    • Improve your credit score: The first thing a lender will see when you apply for a personal loan is your credit score. A credit score is a numerical expression that represents the creditworthiness of the borrower. Credit bureaus in India assign a credit score for every individual. The credit score is assigned based on your repayment history, your existing loans, and other factors. A credit score can range from 300 and 850. The higher the credit score, the higher your chances of getting a good deal on your personal loan. Before applying for a personal loan, make sure you know your credit score. If you do not have a decent credit score, make sure you close your existing loans if possible, clear your credit card bills, and avoid cheque bonuses and late payments.
    • Get a co-signer: Ask a friend or your family member who has a high credit score to co-sign on your personal loan. This makes the loan less risky for the lender and will result in lower interest rates for you.
    • Shop around for loans: Spend ample time to know more about the personal loans available in the market. Make sure you research for a maximum of 2 weeks period. When you shop for a long time, you might lose out on the best offers on personal loans.
    • Make a down payment: Please remember it is advisable to make high down payment. Making high down payment is sure to get a better interest rate on your loan. Anything more than 30% of your personal loan amount is a good down payment and will affect the interest rate positively.
    • Debt-to-income ratio: Debt-to-income ratio is the ratio of your total debt and you’re the sum total of your income. If you have a right debt to income ratio in your portfolio, banks will be willing to offer you a low interest rate on your personal loans.
    • Tenure of your personal loan: The tenure you choose while availing a personal loan affects the interest rate you get. The longer your loan term, the higher your interest rate. Please choose a short tenure period even if it increases your EMI amount.

    Personal Loan Interest rates in Visakhapatnam 2018

    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    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
    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

    Salary requirements to avail Personal Loans in Visakhapatnam

    The salary requirements vary from bank to bank when you apply for a personal loan in Visakhapatnam. Generally, the salary requirements are as follows:

    • For salaried individuals - Banks have a minimum salary requirement between Rs.7,500 and Rs.50,000 for salaried individuals.
    • Self-employed individuals - Those having their own business should provide proof of income and most banks have an income requirement of Rs.1 lakh to Rs.2 lakh (profit) annually.

    Visakhapatnam Personal Loan FAQs

    1. What are the documents required when I apply for a personal loan in Visakhapatnam?

      You would require the below documents to avail a personal loan in Visakhapatnam:

      • Photo ID proof
      • Age Proof
      • Duly filed application
      • Proof of residence
      • Last 6 months bank statement
      • Last 3 months’ salary slips
      • Form 16 or Income Tax Returns
    2. Can I foreclose or prepay my personal loan in the future?

      Yes. You can foreclose or prepay your personal loan in the future if your lender allows you to do so. Most lenders allow you to do that. Please check if there are any charges for foreclosing your loan.

    3. How long will it take for my personal loan to be approved?

      The approval time differs from bank to bank. Generally, personal loans are approved within 72 hours of submission of all documents.

    4. What is a personal loan EMI calculator?

      Personal loan EMI calculator is an online tool that helps you calculate the monthly instalments you will pay towards your personal loan. You can use the personal loan EMI calculator available on the BankBazaar website.

    5. Are there any additional charges for personal loans?

      You will have to pay the processing fee upfront when availing a loan. Apart from this, there are no additional charges unless a prepayment is made.

    Visakhapatnam Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Experience is good"
      0.5 4.0/5 "Great!"
      The experience at Bankbazaar has been good and there were no hassles in communicating with the team. The customer support team were prompt in contacting me on time and there has been no issues. It would have been better if there was a call after the disbursement of my loan as well.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jan 13, 2019
    • Tata capital Personal Loan
      "Good. Can do better"
      0.5 4.0/5 "Great!"
      Tata capital process for the personal loan was delayed. They kept collecting the documents on and off. The rate of interest is of 11.49% with a zero processing fee. There was a fee taken for insurance. They need to work on the services in the process.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jan 13, 2019
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I got a very good service and bankbazaar.com was superb. My first time experience and have known through online. The website is easy to access, their mobile site is very easy to access. The platform is easy to compare with multiple banks and go with better option and i did check my credit score here.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jan 12, 2019
    • HDFC Bank Personal Loan
      "Faster process"
      0.5 5.0/5 "Blown Away!"
      I had a good experience during my personal with HDFC Bank. They have taken 3 to 4 days for the process and executive collected the documents. The rate of interest was okay and its not a problem comparing to others but the processing fee was too much its 2%,. The loan duration is 60 years. I asked the executive, is there any charges for Partial payment but he did not responded me said to complete one year but have seen on the website, it charges 2%extra and can be done anytime.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jan 12, 2019
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 4.0/5 "Great!"
      Bank Bazaar.com is good, I don't have any issue with them. But I am getting many calling from different executive for the same queries, I suggest it should be avoided. The customer support team follow is in good on my loan product. They coordinated with me and customer executive. The website and mobile application is good.
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Jan 08, 2019
    • HDFC Bank Personal Loan
      "Processing time should be fast"
      0.5 5.0/5 "Blown Away!"
      They taken two months of time to sanctioned the loan amount, the charges are high. I have taken the loan amount Rs. 5 lakhs for the tenure period of four years, the disbursement amount is around Rs. 4.8 lakhs, with the processing fee of Rs. 7000 and Rs.13,000 as an insurance .
      Was this review helpful? 2
      , visakhapatnam
      Reviewed on Jan 08, 2019
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 4.0/5 "Great!"
      Bankbazaar website is very good to use and the customer care representative are helpful and co-operative and i had a very good service from them. From last month i have started using the bankbazaar website. Through Internet i have come to know about the bankbazaar website.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 12, 2018
    • Early Salary Personal Loan
      "Good loan service"
      0.5 5.0/5 "Blown Away!"
      I have purchased the loan amount of Rs. 10000 and the interest rate was 300. Total tenure period of the loan is 1 month. Documentation process was quite good and smooth. Customer care service people are really good. Last month i bought this loan and i don't find any trouble with the loan process.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 12, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Bank Bazaar is very good website to check credit score and for comparing various banking products. The customer support follow up was really good during the application. I never had any issues with their services. Overall It was a good experience. Mobile application is easy to use .
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 11, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC BANK , the tenure period is 4 year . The whole application process was easy and hassle free. It took just few days to disburse the loan amount to my account. They charge very high rate of interest and processing fee .
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 11, 2018
    • Bank Bazaar Personal Loan
      "Entire process is satisfactory"
      0.5 4.5/5 "Excellent!"
      Bank Bazaar is good application, they giving good service, they are telling frankly about the offers whether I am eligible or not, they speak with different banks, and I get connected with them . I am using Bank Bazaar for about two years and they are providing professional service.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 10, 2018
    • Early Salary Personal Loan
      "Good service provider"
      0.5 5.0/5 "Blown Away!"
      First time I have taken loan short term loan from Early Salary , the approach is good without holding my documents, they have handled my application very well and done the processing. I have taken the loan amount of Rs.10,000, there are no difficulties faced.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 10, 2018
    • Bank Bazaar Personal Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      There were no hassles at Bankbazaar and the whole experience is good. The customer support and response is fine and they communicated on time. The website is good and it is easy to use and understand. There were follow up calls as well in this experience.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 09, 2018
    • Early Salary Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with Early salary. The process and all is fine, but they called me for the document signature and till now no one has come to get it. Like wise my name was also mentioned wrong. I requested to change it and it is yet to be done. I got the loan easily.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 09, 2018
    • Bank Bazaar Personal Loan
      "More than satisfactory"
      0.5 5.0/5 "Blown Away!"
      The process at Bankbazaar is fine and there are no hassle in the process. The customer support is fine and the response is fine. It is a smooth experience. The website is good and it is easy to use and understand. There are follow up calls as well.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 09, 2018
    • Early Salary Personal Loan
      "Good overall"
      0.5 5.0/5 "Blown Away!"
      Early salary has a good process for the personal loan. The customer support and response is good and there are no issues in the process. The loan was processed on time. The tenure is for two months. I got the loan as needed. The rate of interest and processing charges is nominal, they can still do better.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 09, 2018
    • review Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      The experience with this loan has not been that great, where the interest rate with them has been quite high when compared with the market rate. There has also been some charges which they had made as well. The loan amount which they had provided has been sufficient and their customer support has been helpful.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 06, 2018
    • Bajaj Finserv Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      The experience with this loan has not been good, where the interest rate with them has been high when compared with the market rate. There has also been some charges which they had made which has been high. The loan amount which they had provided has been sufficient but.
      Was this review helpful? 4
      , visakhapatnam
      Reviewed on Dec 06, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I am using the services of Bank Bazaar for the last two months and the services which they had been providing so far has been good. I had been using their mobile application of them which has been convenient and easy in using. Even during the process of getting my personal loan through them has been easy and simple as well.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 06, 2018
    • Early Salary Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The process in getting this loan has been smooth and easy, the loan amount which they had provided has been sufficient and satisfactory as well. The interest rate with them has been nominal when compared with the market rate and there has not been any sort of charges which they had been making and there were only some GST charges.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 06, 2018
    Common Loader Icon

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.