Personal Loan in Vijayawada

Personal Loan in Vijayawada

Get online approval for your personal loan in Vijayawada. No branch visit needed to check your eligibility.

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Loan Types

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FAQs

FAQs

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₹40,000 - ₹50 Lakh

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Enter mobile and OTP | Quick online approval | Get money in a day*

Bajaj Finserv in your city

Getting a personal loan in Vijayawada is now easier than ever. You can easily apply for a personal loan in Vijayawada to manage different expenses, such as a home renovation, wedding, medical treatment, or higher education. You can apply online on your phone, or by visiting the nearest Bajaj Finserv branch.

You can also check if you already have a pre-approved offer in Vijayawada. The entire process is online, no branch visit required:

Check your offer → Apply online in 5 minutes → Receive funds within a day*

Read on to explore the features, eligibility criteria, and application process for a personal loan in Vijayawada.

*Terms and conditions apply.

Features of personal loan in Vijayawada

  • Pre-approved offers

    You can check if you have a pre-approved offer for a personal loan in Vijayawada. All it takes is just your phone number and OTP.

  • Money in your account in 24 hours*

    You will get the loan amount in your bank account within 24 hours*, making it easy to manage any urgent expenses.

  • High loan amount and flexible tenure

    You can take a loan ranging from Rs. 40000 to Rs. 55 lakh - and spread the repayment over long tenure of up to 8 years.

  • Quick approval

    Apply online and get instant approval for your personal loan. Know more about the personal loan application process.

  • Minimal documents

    With very little paperwork required, the loan application and approval process becomes quick and convenient.

  • No guarantor or collateral needed

    You do not need to provide any collateral such as gold ornaments and property papers to get the loan.ok

*Terms and conditions apply.

Vijayawada is a lively city in Andhra Pradesh, India. It sits beside the Krishna River. The city is known for its rich culture and the famous Kanaka Durga Temple. It’s an important travel spot with busy markets, old buildings, and lots of tasty food to try.

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Eligibility criteria and required documents

You can easily get our personal loan in Vijayawada with the below eligibility criteria:

Eligibility criteria

  • Nationality: Indian
  • Age: 21 years to 80 years*.
  • Employed with: Public, private, or MNC.
  • CIBIL Score: 685 or higher.
  • Customer profile: Self-employed or Salaried
  • *You should be 80 years or younger, at the end of the loan tenure.

Documents required

  • KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card

  • PAN card

  • Employee ID card

  • Salary slips of the last 3 months

  • Bank account statements of the previous 3 months

  • Piped gas bill

  • Pension order

  • Letter of Allotment of Accommodation Issued by Employer

  • Property / Municipal tax receipt

  • Utility bill

  • Real-time image / photograph

  • Ration card

How to apply for a personal loan in Vijayawada?

Follow the below steps to get a Bajaj Finserv Personal Loan in Vijayawada:

  1. Click on ‘CHECK ELIGIBILITY’ on this page.
  2. Enter your 10-digit mobile number and the OTP sent to your phone.
  3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
  4. Now, click on ‘PROCEED’ to visit the loan selection page.
  5. Enter the offer or loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
  6. Choose the repayment tenure and click on ‘PROCEED’.
  7. Complete your KYC and submit your application.

Before applying for a personal loan in Vijayawada, you can plan your repayment by using our personal loan EMI calculator. By entering the loan amount, interest rate, and tenure, you can easily see the instalment amount.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of Interest per annum

10% to 31% p.a.

Processing fees

Up to 3.93% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)

  • Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000
  • Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999
  • Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999
  • Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999
  • Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999
  • Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999
  • Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999
  • Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999
  • Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above

*All the Flexi facility charges above are inclusive of applicable taxes

*Loan amount includes approved loan amount, insurance premium, and VAS charges.
Principal Holiday Facility Fees
  • Up to Rs.1999/- for loan amount less than Rs.2,00,000
  • Up to Rs.3999/- for loan amount from Rs. 200000 to Rs.399999
  • Up to Rs.5999/- for loan amount from Rs. 400000 to Rs.599999
  • Up to Rs.7,999/- for loan amount from Rs. 600000 to Rs.999999
  • Up to Rs.8,999/- for loan amount from Rs.10,00,000 to Rs. 1499999
  • Up to Rs. 9999/- for loan amount from Rs. 15,00,000 to Rs.19,99999
  • Up to Rs.10,999/- for loan amount from RS. 20,00,000 to RS.2499999
  • Up to Rs.11,999/- for loan amount from RS.25,00,000 to RS. 29,99999
  • Up to Rs. 12,999/- for loan amount of Rs.30,00,000 and above

Above charges are inclusive of applicable taxes & will be deducted upfront from loan amount

*(Loan amount includes approved loan amount, Insurance Premium & VAS Charges)

Bounce charges

Up to Rs. 1,200 per bounce.
“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason

Pre-payment charges

Full pre-payment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment.
  • Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.
  • Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.

Part pre-payment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part pre-payment.
  • Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid.

*Foreclosure will be processed post clearance of first EMI

Penal charge

 Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.

Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure.

Broken period interest / Pre-monthly Instalment interest

Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows:


EMI Date : 2nd

Scenario 1: If Loan is disbursed on 1st or post 10th of the month:

For Term Loan: BPI amount will be capitalised, i.e added to Principal amount on Due date / Deducted from disbursement
For Flexi Loans: BPI amount will be capitalised, i.e added to Principal amount on Due date / Added to first instalment

Scenario 2: If Loan is disbursed between 3rd and 10th of the month:
First instalment will consist of interest for actual number of days

Note: Additional cess if any, will be applicable to all charges according to state law.

*Terms and conditions apply.

Key offerings: 3 loan types

  • Flexi Hybrid Loan
  • Flexi Term Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 24 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Calculate your EMI

Use our personal loan EMI calculator to calculate your personal loan EMI and interest payable.

Compare loan variants

What are the uses of Personal Loan
 

What are the uses of Personal Loan

  • Flexi Hybrid Loan
  • Flexi Term Loan
  • Term Loan

Instalment

Interest-only EMIs for the initial part of the loan tenure. EMI applicable only on the withdrawn amount

Tenure

Initial tenure: 24 months, Subsequent tenure: Up to 72 months

Annual maintenance charges

Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure

Part-prepayment facility

No part-prepayment charges

Flexi facility charges

Nominal Flexi facility charges applicable

Loan amount

Rs. 40000 to Rs. 55 lakh

Disbursal

Withdraw and prepay conveniently from your sanctioned loan limit

Instalment

Fixed EMIs that cover both the principal and interest on the withdrawn amount

Tenure

12 months to 96 months

Annual maintenance charges

Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges

Part-prepayment facility

No part-prepayment charges

Flexi facility charges

Nominal Flexi facility charges applicable

Loan amount

Rs. 40000 to Rs. 55 lakh

Disbursal

Withdraw and prepay conveniently from your sanctioned loan limit

Instalment

Fixed EMIs that cover both the principal and interest

Tenure

12 months to 96 months

Annual maintenance charges

Not applicable

Part-prepayment facility

Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment.

Flexi facility charges

No Flexi facility charges.

Loan amount

Rs. 40000 to Rs. 55 lakh

Disbursal

Single disbursement of the loan amount

Frequently asked questions

Overview

Application

Repayment

Eligibility

Fees and charges

What are the uses of personal loan in Vijayawada?

You can take a Bajaj Finserv Personal Loan for several uses, such as:

How long does it take to get a personal loan in Pune?

With a Bajaj Finserv Personal Loan, you can get the funds within 24 hours* of approval. Check your offer in just 2 steps and apply online to get our loan.

*Terms and conditions apply.

How long does it take to get approved for a personal loan?

With Bajaj Finance Limited, you can expect instant approval on your personal loan application.

How can you calculate your EMI?

You can use our personal loan EMI calculator to find out your monthly instalment amount. You only need to enter the loan amount, interest rate, and the tenure to get an estimate of the EMI.

How can I repay my personal loan?

You can repay your personal loan in the form of EMIs (equated monthly instalments). Here, a fixed amount is automatically deducted from your bank account every month. You can set up a NACH mandate with your bank to pay the EMIs.

What is the maximum loan that I can get?

You can borrow up to Rs. 55 lakh Inclusive of insurance premium, VAS charges, Flexi facility charges, and processing fees without pledging any collateral.

What are the eligibility criteria for a personal loan?

To get a quick personal loan, you only need to meet a few basic personal loan eligibility criteria:

  • You must be between 21 years and 80 years of age
  • You must be a salaried individual employed with an MNC, public or private company
  • You must be a residing citizen of India
  • If you meet the salary requirement based on your city of residence, you can qualify for the loan.

You should be 80 years or younger, at the end of the loan tenure

You will be asked to submit the following documents to get a personal loan from Bajaj Finserv:

  • passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card

  • PAN card

  • Employee ID card

  • Salary slips of the last 3 months

  • Bank account statements of the previous 3 months

  • Piped gas bill

  • Pension order

  • Letter of Allotment of Accommodation Issued by Employer

  • Property / Municipal tax receipt

  • Utility bill

  • Real-time image / photograph

  • Ration card

Check your eligibility for our personal loan with just your mobile number and OTP.

*Terms and conditions apply

What is the CIBIL Score required to get a loan?

A CIBIL Score of 685 or above is required to get a Bajaj Finserv Personal Loan.

How is personal loan interest calculated?

Lenders provide an interest rate when you opt for a personal loan. The personal loan interest rate depends on several factors including CIBIL Score, income, debt-to-income ratio, employment stability etc. Once you know the interest rate, you can use the interest calculator to know your EMI outflow.

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.