Personal Loan in Visakhapatnam

Salaried Self-Employed

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Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs.75 Lakhs !

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Salary should be Minimum Rs.10,000!

Salary should be Maximum Rs.10 Crores !

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Minimum Turnover Should Be Rs. 3 Lakhs!

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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 – 60 months*

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Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs. 75 Lakhs!

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Enter Your Monthly Salary!

Salary should be Minimum Rs.15,000!

Salary should be Maximum Rs.10 Crore!

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Minimum Turnover Should Be Rs. 3Lakhs!

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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 – 60 months*

4.5 /5(500 Votes)

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.

FAQ’s

The documents for income proof that you need to submit for Personal Loan in Visakhapatnam are- salary slip/ITR/updated bank statement.
The repayment tenure for Personal Loan in Visakhapatnam is from 12 months to 60 months.
You need to maintain at least 750 or above credit score to be eligible for Personal Loan in Visakhapatnam.
*Interest rate and Loan approval are subjected to band discretion and approval.