Apply Personal Loan Online Upto Rs. 25 Lacs
Details on Personal Loan
Personal Loan in Visakhapatnam
Overview of Personal Loan in Visakhapatnam
Personal Loan in Visakhapatnam provides funding against almost all kinds of financial requirements. Easy Personal Loan in Visakhapatnam or multipurpose loan satisfies the monetary needs for child’s higher education, purchasing any consumer durable goods, house renovation, medical expenses and much more. For urgent Personal Loan in Visakhapatnam Andhra Pradesh requires minimum documentation with easy EMI options for a loan tenure up to 5 years. Low interest Personal Loan in Visakhapatnam can be availed with high CIBIL score, decent income, and early applying age. You can opt for Personal Loan Providers in Visakhapatnam who offers Personal Loan in Visakhapatnam at an attractive interest rate.
Why you should opt for Personal Loan in Visakhapatnam?
Visakhapatnam, ‘The jewel of the East Coast’ or ‘Goa of the East Coast’ is among the tenth largest city of India is located in Andhra Pradesh. The city also called ‘Vizag’ is rich in minerals and hub of heavy industries & real estate industry has almost 1 million of population. With an increase in the economy, the need for Personal Loan in Visakhapatnam or Personal Loan in Vizag has increased quite a lot. Using Personal Loan in Vizag Visakhapatnam Andhra Pradesh, you can avail loan up to Rs. 25 lakhs with repayment tenure up to 5 years. A minimum CIBIL score of 750 or above and stable income source helps in obtaining low interest Personal Loan in Visakhapatnam.
Following are some reasons as to why should you choose Personal Loan in Visakhapatnam-
- Unsecured Personal Loan in Visakhapatnam offers loan at an attractive interest rate without taking any security.
- Online Personal Loan in Visakhapatnam makes your loan process a hassle free experience.
- Low cibil score Personal Loan in Visakhapatnam is charged a higher interest rate with easy EMI facility.
- Easy Personal Loan in Visakhapatnam offers loan up to Rs. 25 lakhs based on your eligibility.
- Personal Loan in Visakhapatnam charges a low processing fee with no hidden charges.
Eligibility Criteria for Personal Loan in Visakhapatnam
Following are the common eligibility criteria that should be met to apply for Personal Loan in Visakhapatnam-
|
Personal Loan in Eligibility Criteria |
Salaried |
Self-Employed |
|
Age |
21 years to 60 years |
25 years to 65 years |
|
Loan Amount |
Up to Rs. 25 lakhs (may vary as per the banks or NBFCs) |
Up to Rs. 30 lakhs (varies according to the banks and NBFCs) |
|
Profession |
Working in any private sectors or MNCs, or any govt organization |
Public or Private Ltd. companies, Business Professionals, sole proprietorship firms, partnership firms, etc. |
|
Income |
Min amount. Rs. 20,000 |
Min Turnover- Rs. 1 crore |
|
CIBIL score |
750 or above |
750 or above |
|
Experience of Work |
Minimum of 2 years of work experience and minimum 1 year in the present organization |
Continuity of Business for at least 3 years |
Documents required for Personal Loan in Visakhapatnam
Here are the common documents that should be submitted for Personal Loan in Visakhapatnam-
- Duly filled Application form
- Proof of ID- Ration Card, PAN Card, AADHAR Card.
- Passport size photograph
- Proof of Residence- Driving License, Utility Bills like- Gas or Electricity, Water Bills, Passport.
-
For Self-Employed
- Balance Sheet of last 2 years and Copy of P&L statement of last 2 years
- Verified papers of Memorandum and Articles of AssociationTrade License/Partnership Deed/Sales Tax Certificate/
- Copy of ITR of last 36 months.
-
For Salaried
- Form 16 copy.
- Last 3 months of salary slip.
- Last 6 months updated bank account statement.
Personal Loan Interest Rates in Visakhapatnam of different Financial Institutions
Following is the list of Personal Loan Interest Rates in Visakhapatnam of different banks and NBFCs-
|
Banks |
Loan Tenure |
Interest Rates |
Pre-Closure Charges |
Processing Fees |
|
ICICI Bank Personal Loan in Visakhapatnam |
1-5 years |
11.49%* |
5% of outstanding principal + GST |
Rs. 999* |
|
YES Bank Personal Loan in Visakhapatnam |
1-5 years |
12.49%* |
Within 12 to 24 months: 4% Within 24 to 36months: 3% Within 36 to 48 months: 2% After 48 months : No charges. |
2% or 3% of the principal |
|
HDFC Bank Personal Loan in Visakhapatnam |
1-5 years |
10.99%* |
Between 2% to 4% of the outstanding principal. |
Up to 2.50% |
|
Axis Bank Personal Loan in Visakhapatnam |
1-5 years |
15.50%* |
NIL |
Up to 2.00% |
|
IndusInd Bank Personal Loan in Visakhapatnam |
1-5 years |
12.99%* |
4% of outstanding principal |
0.25% to 2.50% |
|
Kotak Mahindra Bank Personal Loan in Visakhapatnam |
1-5 years |
11.50%* |
5% of outstanding principal. |
Up to 2.5% |
|
Aditya Birla Personal Loan in Visakhapatnam |
1-5 years |
11.75%* |
4% of principal outstanding in 1st year, 3% in the 2nd year, and thereafter preclosure permitted after 6 months. |
1% of principal. |
|
TATA Capital Personal Loan in Visakhapatnam |
1-6 years |
13.99%* |
4.5% of the outstanding principal. And NIL for the initial 6 months |
Up to 2% |
|
Fullerton India Loan in Visakhapatnam |
1-5 years |
17.25%* |
4% of outstanding principal. |
Up to 2% |
|
Capital first Personal Loan in Visakhapatnam |
1-5 years |
16% |
4% of outstanding |
Up to 2.49% of the loan amount |
|
Bajaj Finserv Personal Loan in Visakhapatnam |
1-5 years |
14.75%* |
NIL |
Up to 3% |
|
Indiabulls Personal Loan in Visakhapatnam |
1-5 years |
11.99%* |
5% if less than 6 months. |
Up to 5% |
|
IDFC First Personal Loan in Visakhapatnam |
1-5 years |
10.99%* |
4% of outstanding |
2% – 4% |
|
SBI Personal Loan in Visakhapatnam |
1-5 years |
12.50%*-16.60%* |
3% of the prepaid amount (after 1st EMI) |
Up to 3% of the loan amount |
|
ECL Finance Personal Loan in Visakhapatnam |
1-5 years |
17.50%* |
4% of principal amount outstanding+GST |
Up to 2% of the loan amount |
*Interest rates change time to time.
