Vijaya Bank Personal Loan Features
| Eligibility Criteria | Details |
| Vijaya Bank Personal Loan Interest Rate | 9.75% p.a. |
| Lowest EMI per lakh | Rs 2112 |
| Tenure | 12 to 60 months |
| Vijaya Bank Personal Loan Processing Fee | 1% to 2% of Loan Amount |
| Prepayment Charges | Allowed after 12 Months (2 – 4 %) |
| Part Payment Charges | Allowed after 12 Months (2 – 4 %) |
| Min Loan Amt | ₹ 50,000 |
| Max Loan Amt | ₹ 75 Lakh |
About Vijaya Bank :
Vijaya Bank is one of the public sector bank and its headquater in Bengaluru, Karnataka, India. It is one of the nationalised banks in India. The bank offered a wide range of financial products and services to customers through its various delivery channels.
What is Personal Loan ?
Personal Loan refers to that type of Loan which helps you meet your current financial needs, and in this applicant does not need to pledge any of his belonging or the security to the bank. And your lender provides you a personal loan with the flexibility to use the funds as per the requirements.
Features:
- First of all Know your Personal loan eligibility in 1 minute, available online and across all branches.
- After that Highly competitive interest rates for personal loans.
- Besides that Special offers, interest rates and nominal charges for Central Bank of India account holders.
- Most important Special personal loan offers* for women employees.
Vijaya Bank Personal Loan Interest Rate:
There is an attractive rate of interest on personal loan at Capital First. Capital First Personal Loan interest may vary at 9.75% to 11.99%, .and the tenure can range from 3 months to 36 months. Charges of Foreclosure charges are 3% of principal outstanding. Pre-payment charges are 3% of the amount prepaid.
Vijaya Bank Personal Loan Eligibility:
For Salaried Individuals
|
Criteria* |
Salaried |
|
Age |
22 years – 65 years. |
|
Salaried individuals with minimum monthly income Rs.15,000 (Rs.20,000 for applicants residing in Mumbai & Delhi; Rs.18,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata; For Others Rs. 12,000) |
|
|
Total years in job/profession |
2 Years |
|
Years in current residence |
1 Year (One Day if in a Super A Company) |
For Self Employed Individuals
|
Criteria* |
Self Employed |
|
Age |
23 years (self-employed individuals) and 25 years (for doctors); Maximum age – 65 years |
|
Minimum Turnover |
Rs. 40 lakh for non-professionals; Rs. 15 lac for professionals; as per audited financials |
|
Minimum Profit After Tax |
Rs. 2 lac for Proprietorship Firm/Self-employed Individuals and Rs. 1 lac for non-professionals as per audited financials |
|
Business Stability |
In current business for at least 5 years and a minimum of 3 years for doctors |
|
Existing relationship with the bank |
Minimum 1-year liability relationship (current or savings account) or Asset relationship (loan) either live or closed in the last 36 months; repayment track as required |
Documentation Required For Vijaya Bank Personal Loan :
- Residence proof: Firstly, the documents required for the residence proof includes (passport/ID card/ Voter card/ adhar card/ration/card/driving license) and if the applicants are living in rental apartments then has to submit his agreement, electricity bill on his name and address of the owner.
- Self-employed:After that, the applicant of which has applied personal Loan should have file ITR for the last three months, and his business should be registered in the records.
- Salaried applicants: Furthermore, the applicants has to submit his salary slip of last three months and bank statement of last six months.
- Identity proof: Besides that, Documentation requires one among the following ( passport/ID card/ Voter card/ adhar card/ration/card/driving license) any one of them.
- Under KYC formality:In addition to, every applicant applying for Personal Loan has to submit his pan card, which is an necessary document.
- Two colored passport size photos:Lastly, Applicants should not wear any glasses.
Why magicloans.in?
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- If you apply for the personal Loan from magicloans.in you will get so many benefits.
- You just have to fill the personal Loan form and you will get a call from our side automatically.
- Besides that, you may get some more concessions on the interest rates.
- Therefore there is no need to go to the bank.
- Even more, documents pick up facility from your doorstep is available.
- You don’t need to go here and there to ask for interest rate or to get to know about EMI ’s. All you need is to apply on magicloans.in and you will get back a call back within a few minutes with all the information. So car Loan is only one step away from you.
How To Apply?
- First of all search for magicloans.in on google.
- After that Fill the form of personal loan.
- And You will get back a call.