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    We found 35 Visakhapatnam Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 16.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher Ad
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    Customer Reviews
    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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    Customer Reviews
    15.95% - 18.95% Fixed
    2% One time fee
    20L Max
    1-3 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher
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    12.99% - 12.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    10.99% - 20.75% 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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    Fees & Charges
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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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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    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% - 17.99% Fixed
    2.25% (min. ₹1,499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Customer Reviews
    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% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher
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    Documents
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    10.99% - 14.49% Fixed
    0%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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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  • Visakhapatnam Personal Loan is Rated as "Great!" by 670 Users

    Fees & Charges

    Promised Interest Rate

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    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.


    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 21 May 2018

    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 2018

    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.


    Check For Latest: Gold Rate in Visakhapatnam Or Silver Rate in Visakhapatnam

    Visakhapatnam Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The response is quite good from the bank bazaar team. I know bank bazaar for the past 1 year, I use the bank bazaar mobile application while applying fort the personal loan which is easy to use and user friendly. I would say I got good service from bank bazaar.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on May 18, 2018
    • HDFC Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan from the HDFC bank within 5 to 6 days of time. The customer support service and the response is good from he HDFC bank. The required loan amount has been disbursed and I am satisfied with it. The rate of interest and the charges are high with the HDFC personal loan.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on May 18, 2018
    • YES Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The yes bank personal loan service is very good and I have got the loan around a month ago. They have disbursed the loan amount within a week time. The required loan amount has been given and I am satisfied with it. The rate of interest an the charges were average.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on May 11, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The bank bazaar service is quite good and I have got better response from the bank bazaar team. The customer support service and the response is good from the bank bazaar team. I use the bank bazaar mobile application which is easy to use and user friendly.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on May 11, 2018
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan to the Indus ind bank , but I haven't got the loan from them because within the Indus ind the time Indus ind process loan , I have got the loan from the other bank so that was the reason I haven't got the loan from the Indus ind bank.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on May 11, 2018
    • SBI Personal Loan
      "better experience"
      0.5 4.0/5 "Great!"
      I had taken a personal loan from the top most public sector bank STATE BANK OF INDIA. The rate of interest is very reasonable by comparing with other loan partners. They sanctioned my promised principle loan amount with in 7 working days. My monthly emi would be deducted from my savings account.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Apr 17, 2018
    • ICICI Bank Personal Loan
      "Good and quick process"
      0.5 5.0/5 "Blown Away!"
      ICICI bank is good overall and the process for the personal loan was quick. The customer services and response is good and there are no issues to get the disbursement. I am not very sure on the rate of interest and processing charges. Good overall.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Mar 29, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is good and they are very quick to contact me and inform me the details. The follow up process is also very good and the process in submitting my details to the bank was also on time. The website is good and there are no hassles in the navigation.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Mar 29, 2018
    • HDFC Bank Personal Loan
      "Good. Can be more quick"
      0.5 3.0/5 "Satisfactory"
      I have taken my personal loan from HDFC Bank. They collected the documents on time. But the process for the loan took 25 days, in fat almost a month. They need to be more quite quick. I am not sure of the rate of interest and the processing charges.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Mar 29, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan from the BAJAJ FINSERV around a year ago. The customer support service is good with the BAJAJ FINSERV, They took around 3 days of time to disburse my loan amount. The rate of interest and the charges are average with the BAJAJ FINSERV.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Feb 13, 2018
    • Capital First Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Around a year ago , I have got the personal loan from the CAPITAL FIRST. The customer support and the response was good with the CAPITAL FIRST and they have disbursed the loan amount within a week time. The documentation was done in a day time , but the disbursement took time.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Feb 13, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The bank bazaar service is good, they give better response to the customers. They helped me to get in touch with the bank partner on time. The customer support and the response was good with the bank bazaar team. I know bank bazaar for the past 3 months time.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Feb 13, 2018
    • Fullerton Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The FULLERTON service was good, they have disbursed the loan amount in a month time. The documents submission was done by my side. The rate of interest and the charges are high with the FULLERTON, they haven't gave me any chance to reduce the interest rate.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Feb 13, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am using Bankbazaar.com from the last two months of time. Customer service is good one with the Bankbazaar.com and everything is better one for me with them. Online portal of the Bankbazaar.com is really easy to access.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Feb 10, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My experience with the ICICI bank for the personal loan was good. Rate of interest was good and there were some change of tenure with them. I would like to say that the customer service and other things are really good.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Feb 10, 2018
    • Bank Bazaar Personal Loan
      "Okay"
      0.5 2.0/5 "Expected more"
      I am using Bankbazaar.com from the last one month of time. Though the customer service is good, it could be improved still and they have provided the goodies to the customer as well. Bottomline, I would say I am very much happy with bankbazaar services.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Feb 09, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The experience is very good one with the HDFC bank and the interest rate is around 14% for the personal loan. The loan amount got disbursed within two days of time. I am happy with the HDFC bank. Everything is fine one for me with the HDFC bank.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Feb 09, 2018
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 4.0/5 "Great!"
      My experience was really good with BANK BAZAAR .The customer service and responses was really good . I have applied through their website which has many good options on banks and Interest rate . The web portal's accuracy and speed is good so I would like to recommend to others.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Feb 08, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC bank. The loan amount was 2 lakhs and the interest rate was 10.99 which is average in the market .The tenure period was 5 years . The loan process was smooth and good here . They have sanctioned the loan with the committed time. My overall experience was good.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Feb 08, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I got immediate response from the HDFC bank in regards to my personal loan application. The customer support was good with the HDFC bank , The rate of interest and the charges are average with the HFC bank personal loan services. I would say HDFC bank gave good service.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Feb 05, 2018
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