- Besant Road: The main shopping street, with clothes, handicrafts and food.
- Kondapalli toys: Buy them in Kondapalli village, nearby, for the widest choice.
- Andhra meals: Try a full Andhra thali, with spicy pickles and gongura chutney.
Ravi's family trip
Ravi, 42, is a branch manager with an insurance company in Bengaluru, on a monthly pay of Rs. 39,000. His CIBIL score is 724. He took his wife, 2 children and his mother to Vijayawada for 3 nights, as costed in the table further down. Savings paid Rs. 18,000. He borrowed Rs. 55,000 at an illustrative 17.5% per annum and listed his equated monthly instalment (EMI) options of 12 and 18 months.
EMI = P × R × (1 + R)^N ÷ [(1 + R)^N − 1]. Here P = Rs. 55,000, R = 17.5 ÷ 1,200 and N = months.
| Tenure | Monthly EMI (Rs.) | Total interest (Rs.) | EMI as share of salary (%) |
|---|
| 12 months (1 year) | 5,029 | 5,352 | 12.9 |
| 18 months (1.5 years) | 3,496 | 7,932 | 9.0 |
Last updated: 27th October, 2026
Choosing 18 months cuts the EMI by Rs. 1,533 and lifts interest by Rs. 2,580. His processing charge may be up to Rs. 2,272. Ravi chose 18 months, so the EMI stayed at 9% of his pay.
What can delay approval: a CIBIL score below 650 or existing EMIs that take up a large share of your income. Names or addresses that do not match across documents, and more than one loan application in the same month, can also slow it down.
Taking the family to Vijayawada? With a Bajaj Finance Personal Loan, you can borrow Rs. 40,000 to Rs. 75 lakh, subject to eligibility. Check your loan offer with your phone number and a one-time password (OTP) → apply online → funds may be credited within 24 hours* of approval, subject to verification.
