Personal Loan (Vijaywada)

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Personal Loan?

Personal loan is a type of an unsecured loan. It helps to meet a person’s current financial needs. No need of any security/collateral while availing it. Personal loan gives you the flexibility to use the funds as per your convenience and need.

if someone need instant cash and can be used for travelling, wedding,medical emergency,home renovation,or anything else, you can then simply get your hand on personal loan and you are ready with the money in your pockets.

Personal Loan in Vijaywada

The city is the biggest trading and business center of Andhra Pradesh. There are multi agro-based industries of cotton, turmeric associated in the city. It also has the biggest auto-hub industry in Asia. Keeping in mind the growth of the city banks and NBFC’s are showing a lot of concern towards the people of the city by providing them loans on a personal basis at a very fair and moderate rate.

A personal loan is a loan without security which anybody can apply for who has earnings of 20,000 per month. The loan provided by the banks in the personal loan category comes with the range of 25,000 to 25,00,000/-. The interest rates of this loan range from 20% to 30%. Any emergency need can be met up with this loan kind.

If interested in having a loan with less interest rate you need to give the credit score and history of your credits to the banks, which will state in which condition you are falling. Whether you are capable to repay will be judged by your credit essentials.

Our site finbucket provides you with the loan essentials to herein deal with. It gives you a feature to check the eligibility criteria of the loan you applied for. The documents here to be mentioned are aadhar card, PAN card, salary slips of recent times, and salary account.

Personal Loan- Eligibility

There are various banks and NBFC’s which offers personal loan to all applicants fulfilling their basic eligibility criteria. Different banks have different eligibility criteria.

Most of the banks and NBFC’s have common criteria for individuals requesting a personal loan which include:

Category Self-Employed Salaried
Age 28 years to 65 years (25 years for doctors) 23 years to 58 years
Income
  • Minimum turnover of Rs.40 lakhs for non-professionals
  • Minimum turnover of Rs.15 lakhs for professionals
Rs.17,000 (Rs.25,000 for metro cities)
CIBIL Score Above 750 Above 750
Loan amount 75 k(Min)- 15 Lakh (Max) 75 k(Min)- 20 Lakh (Max)

Documents required for Personal Loan

Each bank and NBFC has different documentation criteria for the personal loan. These are the common documents which is required by most of the banks and NBFC’s for individual requesting a personal loan include:

Documents for Salaried Individuals: Documents for Self-Employed:
Proof of Identity: Passport, Driving License, Voters ID or PAN Card Proof of Identity: Passport, Driving License, Voters ID or PAN Card
Proof of Residence:-Passport or utility bills Proof of Residence:-Passport or utility bills
Latest 3 months Bank Statement of Salary Account Income proof: Audited financials for the last two years.
Salary slips for the last 3 months. Last 6 months Bank statement.
Office address proof

How to apply for Personal Loan

In 4 steps you can easily apply for personal loan in no time

  • Firstly, you have to fill a simple application form that will demand your basic personal information given on the site.
  • We already have a coordination with 30+ banks/NBFC to get your application to them.
  • Compare interest rates on your own and choose the best one for you.
  • We will send you an e-approval that your loan application is accepted within 24-48 hours and the amount will be credited to your account.
Apply
Fill the simple application form

Coordinate
We are coordinating with 30+ banks / NBFCs to get your application.

Rates
We get the best rates for you.

Approval
Loan is approved and amount credited.

Personal Loan Interest Rates Table

Bank Name Interest Rates
SBI 12.5% to 16.5% p.a.
ICICI 11.59% to 18.49% p.a.
Axis Bank 15.50% to 24% p.a.
HDFC Bank 15.75% to 20% p.a
Citibank 14.25% to 19.99% p.a.
Standard Chartered 11.99% to 17% p.a.
TATA Capital 13.99% to 17.5% p.a.
Oriental Bank 11.20% to 12.95% p.a.
Capital First 13% to 18.45% p.a.
Indusind Bank 11.25% to 26% p.a
Fullerton India 21% to 40% p.a.
Kotak Mahindra 11.5% to 24% p.a.
Aditya Birla 14% to 16% p.a.

Testimonials

Some of our Awesome Testimonials

“I had to just fill my personal loan form at FinBucket. They automatically searched across 50+ partner banks and NBFCs and gave the best deal to me.”

Nitin Bhatia, COO,
CaterWow Private. Limited

“I had taken loan for the first time online. Instant assistance and patience from team FinBucket helped me apply and get loan easily at Vijaywada.”

Shikha Bhatia,
Founder, Shiksha Learning Academy

“I am very satisfied with the services and business relation with FinBucket. It was easy and simple to get any information regarding loan in Vijaywada.”

Gaurav Saini
Software Engineer at Manhattan Associates