Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Visakhapatnam 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
    What you'll love
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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
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    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
    Documents
    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
    Documents
    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
    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
    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
    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 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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  • Visakhapatnam Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      GREAT WORK, THERE ARE DOING EXTREMELY WELL. I NEED A LOAN URGENT FOR MY HOUSE CONSTRUCTION, AND THEY ARE MAKING HELP TO ME. I NEED A LOAN FROM OTHER BANKS ALSO BUT I GOT ONLY ONE REFERENCE BANK ONLY. BUT I NEED SOME QUICK RESPONSE FROM THE BANK. WHETHER I WILL GET LOAN OR NOT.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Sep 22, 2017
    • Bank Bazaar Personal Loan
      "It's really great bb"
      0.5 5.0/5 "Blown Away!"
      No need to search more, no body to ask anything Just click help bank bazaar, you can find more offers in front,good response and more banks under bank bazaar, just sit search to get any loans and credit cards, fixed deposit and its very easy to know credit score too. It was a great experience in all.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Sep 17, 2017
    • Bank Bazaar Personal Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      Bank bazaar's customer service was excellent as they have contacted me immediately and the responses was great .Their website was really helpful and easy to navigate and they have helped me to apply my personal loan with FULLER ON and guided me so well .
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Sep 15, 2017
    • Fullerton Personal Loan
      "Not good not bad"
      0.5 3.0/5 "Satisfactory"
      I have approached FULLER ON for my personal loan . Their customer service was not on time and there is no proper response from them so I would like to rate 3 out 5. Their rate of interest was pretty okay and fees and charges was also nominal. My overall experience was not good but not bad.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Sep 15, 2017
    • Bank Bazaar Personal Loan
      "Easy to get personal loan"
      0.5 5.0/5 "Blown Away!"
      In term quick response Bank Bazaar is great, when I approached for them for the personal loan I got immediately reply from Bank Bazaar. They kept updated about the application status it is prompt. I am really happy about Bank Bazaar service.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Sep 14, 2017
    • ICICI Bank Personal Loan
      "Its Better"
      0.5 5.0/5 "Blown Away!"
      I am not okay with ICICI interest rate, they offered me around 15% of interest but I was expected around 11%. I requested them to reduced but it was denied. Hence I didn't process with them, I did not compromise with the offer which they have provided.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Sep 14, 2017
    • Bank Bazaar Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My bank bazaar's experience was good. I have not felt any inconvenience or problems and Their customer service and responses was good . Bank bazaar's website was easy to navigate and informative. i would like to rate them 4 for my overall experience.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Sep 13, 2017
    • ICICI Bank Personal Loan
      "Not satisfied"
      0.5 3.0/5 "Satisfactory"
      I have approached ICICI bank for my personal loan ,I am not satisfied with them as they have asked me to submit my GPF slip but unfortunately i couldn't submit it so they didn't sanction the loan amount. I have tried to reach the representative, but there was no proper response also and the interest was 15-16% which is quite high comparing to other banks.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Sep 13, 2017
    • Fullerton Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Helpful representatives from the date I applied for my loan ,I feel the interest rate was little high ,documents part I have uploaded all my documents through online even the responsibility from their representatives was good ,overall it was an good service from FULLERTON.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Sep 13, 2017
    • Bank Bazaar Personal Loan
      "Good Response"
      0.5 5.0/5 "Blown Away!"
      I got calls and information from bankbazaar for my loan application but I did not receive any response from the bank side. The followups was good from bankbazaar and they have good online facilities which is easy to navigate. I had no problem with bankbazaar.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 30, 2017
    • ICICI Bank Personal Loan
      "No Response"
      0.5 2.0/5 "Expected more"
      I did not receive any kind of communication from ICICI bank on my personal loan application. There was no response from the bank side for the loan process. Since there is no experience with ICICI bank regarding the loan process, I just want to give two stars for them.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 30, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The ICICI bank customer service promised that they can decrease the interest rate but later on the interest rate was not decreased by ICICI bank, so that was the reason I have cancelled the personal loan application with ICICI bank, so other than that they gave good response in regards to my personal loan application.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 30, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have submitted my documents with ICICI BANK for my personal loan ,But still there is know response from they said my loan process was in hold ,Service of the ICICI was helpful ,With a good customer service executives and the rate of interest was 9.75 which i also comfortable for me
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 29, 2017
    • Bank Bazaar Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I got immediate response from bank bazaar customer support. As soon I applied for the personal loan from bank bazaar. It was a easy process to just register and have the banks to contact me and get a loan through at ease, Bank Bazaar website is good and easy to access the site
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 27, 2017
    • ICICI Bank Personal Loan
      "AVERAGE"
      0.5 3.5/5 "Pretty good"
      I got the call very immediately with the ICICI bank about the personal loan.later after receiving the call bank executive taken all the details and asked me how much is the requirement of loan,I have informed then I required just tow lakh rupees, they asked my what is my take home salary,I have told them its 20000 rupees, but they said requiring the loan I should draw the salary of 25000 rupees.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 27, 2017
    • Bank Bazaar Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I LOST HOPE ON LOANS TRYING OUT WITH SEVERAL BANKS AND INSTITUTES,BUT MY HOPE WAS ENLIGHTED AND CAME TRUE BECAUSE OF ONLY BANKBAZAR.WHY GOING IN HOT SUN AROUND BANKERS WHEN BANKBAZAR GIVES US A WIDE CHOICE BY SITTING AT HOME /OFFICE WITHOUT DISRUPTING OUR WORKS
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 26, 2017
    • Bank Bazaar Personal Loan
      "Fantastic service"
      0.5 4.0/5 "Great!"
      I visited ICICI bank for my personal process to bankbazaar which have higher rate of interest by ICICI bank which is not affordable for me but the service of the bankbazaar was really good and I am happy with the services of bankbazaar as well the representatives of bankbazaar were also really helpful for me wherever I needed ,and during my loan process I even get regular follow up calls from bankbazaar representatives which were really helpful to me.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 24, 2017
    • Bank Bazaar Personal Loan
      "Personal Loan"
      0.5 5.0/5 "Blown Away!"
      Thank you for saving my time ,,its really fast. now back to my business in time . still lots to go and I would surely take up this site to my group & my friends , its really help us to save huge time and I am so thank you very much for your service......
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 23, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Service rendered by bank bazaar was good, even there customer service was very good. It was a timely service, executive of bank bazaar helped me in each and every step and I got all updates at the right time, full credit goes to bank bazaar....
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 22, 2017
    • Fullerton Personal Loan
      "Poor customer service"
      0.5 2.0/5 "Expected more"
      Fullerton is not a good banking service, when I applied for a loan I received a call from an executive and said one staff will come and collect the documents. No one came to collect the documents. I called them I was on the call for half an hour however I did not receive proper response from Fullerton.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 22, 2017
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    Visakhapatnam Personal Loan is Rated as "Great!" by 589 Users

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    Promised Interest Rate

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    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.


    You’re probably eligible for an Visakhapatnam Personal Loan if you are

    01
    02
    03
    04
    Visakhapatnam Personal Loan Minimum Age

    At least 21 years old

    Visakhapatnam Personal Loan Maximum Age

    Less than 65 years old

    Visakhapatnam Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Visakhapatnam Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Visakhapatnam Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Visakhapatnam Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Visakhapatnam Personal Loan Maximum Loan Funded

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

    Visakhapatnam Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Visakhapatnam Personal Loan amount by these steps

    01
    02
    Visakhapatnam Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Visakhapatnam

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Visakhapatnam 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

    Visakhapatnam Personal Loan Interest RatesUpdated on 24 Sep 2017

    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
    Apply for Personal Loan

    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 2017

    Bank Interest Rate Range Type of interest rate 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.


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