Personal Loan in Vijayawada is funded through P2P lending by Cashkumar lenders across India. They are unsecured loans given from Rs. 20,000 to Rs. 1,50,000 which means that you need not mortgage anything or show an asset. Some reasons for availing a Personal Loan in Vijayawada 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 Vijayawada, you must have a good credit history and adequate salary to get your personal loan sanctioned with Cashkumar in Vijayawada. Other factors like years of employment, company you work for etc will determine the most important factors like amount, tenure and rate of interest. Cashkumar in Vijayawada 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.
Personal and business loans in Vijayawada are advanced for amounts ranging from Rs. 50,000 to Rs. 45,00,000 and the funds can be used for a variety of reasons ranging from travel, wedding/marriage, medical, home renovation to balance transfer and debt consolidation. As a loan seeker you should consider factors such as tenure, pre-payment, amount apart from low rate of interest before you avail an offer. As a professional doctor, CA, CS, Architect with private practice, you can avail higher amounts and better interest rates from banks and NBFCs. Women entrepreneurs are also encouraged with special offers on business loans by them.
Vijayawada or Bezawada as it is known in the local language is located on the banks of the river Krishna in the state of Andhra Pradesh. It is the second largest city in terms of population in the state and will be one of the satellite cities to the new state capital. The city is a gateway to the rest of the country for the coastal agrarian regions and it boasts of a high GDP. The city is surrounded by the river Krishna that contributes to the rich agricultural soil. Prakasham Barrage is one of the most recognizable and well-known landmarks of the city. The modern administration of the city is carried out by its division under 59 wards. The economy and trade in the city are led by agriculture along with other modern industries like automobile, hardware, textile, consumer goods and other small and medium enterprises. There are a couple of large industrial estates located in near the city which are noted for heavy industries and the small scale sector for auto components. Vijayawada is a major hub for education with many government and private institutions dotting the city. Colleges like the SRR & CVR Government College, Andhra Loyola College, V R Siddhartha Engineering College, School of Planning and Architecture are based in the city. Some of the landmarks in the city which are tourist attractions include the Prakasam Barrage, Kanakadurga Temple, River Museum, Hazarat Bal Mosque, Mary Matha Church, Gandhi Hill, Mogalarajapuram Caves, Undavalli Caves among others.
If you are looking for best deals in Vijayawada at the lowest rate of interest then apply for personal loan online by filling the form or call us now. You can get instant personal loan approval online by evaluating your eligibility and the criteria set by banks. Personal loan agents in Vijayawada work with a limited set of financial institutions and might not be able to get you the best rate as compared to us. All information related to personal loan and business loan eligibility in Vijayawada as well as credit scores are available to you on this site. You can also check our eligibility calculator, EMI calculator and CIBIL Score estimator.
We facilitate you in getting loans through other methods from individuals through the P2P or peer to peer mechanism. You can apply for personal loan online in Vijayawada and we will help you connect to individual lenders and private financers who will advance credit at a specific interest rate. They will look at traditional eligibility criteria and might also lend if you have a bad credit score or a bad CIBIL Score.
Eligibility Criteria for Personal Loan in Vijayawada
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 Vijayawada 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 Apr 2019
Find out your customized interest rate for a Personal Loan in Vijayawada?