Personal Loans are given by most major banks and financial institutions to individuals without asking for the requirement or need in Vadodara. They are unsecured loans given from Rs. 50,000 to Rs. 40,00,000 which means that you need not mortgage anything or show an asset. Some reasons for availing a Personal Loan in Vadodara include medical needs, travel, home renovation, wedding, good purchases and so on. Other reasons for which a loan can be availed is to get a top-up loan, balance transfer or debt consolidation.
If you need a Personal Loan in Vadodara, you must have a good credit history and adequate salary to get your personal loan sanctioned with a Bank or an NBFC in Vadodara. Other factors like years of employment, company you work for etc will determine the most important factors like amount, tenure and rate of interest. Some of the banks in Vadodara give you the flexibility to pre-close the loan without any additional charges. Most banks have a pre-closure charge in the 4%-5% range.
Vadodara also known as Baroda is situated in the western Indian state of Gujarat. The city lies on the bank of river Vishvamitri and is the third largest city in the state as well as the administrative headquarters of Vadodara District. The city has a long history where it was ruled by the Gaekwads which leads to it also being known as Sayaji Nagari (City of Sayajirao Gaekwad) and Sanskari Nagar. The administrative apparatus of the city is based on its division into 28 wards governed by elected representatives. Vadodara is a hub of various industries which include manufacturing of petrochemicals, engineering, chemicals, pharmaceuticals, plastics as also IT and foreign exchange services. Vadodara has many educational institutions, universities and many other schools and colleges like Maharaja Sayajirao University of Baroda, Navrachana University, IIIT Vadodara, FMS Baroda etc. Vadodara on its own is well known as a tourist destination for its religious temples, forts and other places like Laxmi Vilas Palace, EME Temple, Sayaji Baug, Maharaja Fatesingh Museum, Baroda Museum And Picture Gallery, Sursagar Lake, ISKON temple among others.
All the major banks and NBFCs in the country have a network in Vadodara through their many branches. They offer personal loans in Vadodara along with a lot of other services relating to banking, investment, wealth management and advisory services. The banks have branches across the city which operate and cater to the needs of people at various locations in the city. All banks offer doorstep service for document collection for loan applications.
Apply for personal loan online in Vadodara through us and get access to various deals and offers from different banks and NBFCs when they are available. If you want to know how to get a personal loan in Vadodara then call us on our number or fill in your details on our simple form. We will log your request and compare you details against the eligibility criteria of different banks and NBFCs to get you the best deal for personal loan in Vadodara. You can also get Instant personal loan online approval in Vadodara if your details match the ideal specifications of a bank/NBFC. With more and more personal loan agents in Vadodara, it can be rather confusing to find out which deal matches your exact requirement. We help you do this through our interactive service which helps you compare and get the lowest interest rates for personal loan in Vadodara. The entire service is delivered at your comfort with documents collected from your home, office or suitable location. Gain more information on our site of topics like EMI, eligibility, interest rates, credit score and other areas. Check your eligibility through our various calculators and get the best deal for personal loan in Vadodara. We do not charge you for our services and you will be advised every step of the way from application to disbursal for free.
If you are looking to find out which bank is best for personal loan in Vadodara then click on the apply online link and feed in your eligibility. Based on the factors we will present the banks which provide the best deal for your requirement. There are no set criteria for which bank is best for personal loan in Vadodara as the basis of getting a low interest rate depends entirely on your eligibility.
Eligibility Criteria for Personal Loan in Vadodara
Age of the applicant should be between 21-60 Years
Salaried individual with minimum income of Rs 15,000. Salary bracket would depend on the city you live in and the company you work for. Eg. If you are in a Metro, the salary requirement will be higher than non-metro and if you are working in a top MNC, the salary requirement would be lesser than one working with a new company.
Should be staying in the city for at least 1 Year
Total work experience should be at least 2 Years
Basic documentation such as KYC, latest bank statements etc are required
Be informed of the different ways your Personal Loan Rate of Interest in Vadodara is calculated so that you take the right decision when it comes to choosing your loan at the lowest interest rates. Apply below to get started and to know the offers that are available on your Personal Loan in Dec 2018
Find out your customized interest rate for a Personal Loan in Vadodara?