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Personal loan

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Financial constraints are part of life, and it is difficult for a common man to overcome these with limited income. A personal loan is an offer that provides financial support to people in times of need. It allows the person to acquire money without placing any collateral. So if you live in Visakhapatnam also known as Vizag you must know the following things before you go to apply for a personal loan.

Personal Loan Interest Rates in Visakhapatnam (Vizag)

Banks Interest Rates
HDFC Bank 12.75 %
Tata Capital 12.75%
Fullerton 19.50% - 37%


Eligibility Criteria for Personal Loan in Visakhapatnam

Salaried :

  1. Minimum age: 21 year
  2. Maximum age : 60 years
  3. Net monthly income: Rs. 14,000
  4. Minimum Experience:6 months in current job.
  5. Total experience required: 1 year

Self employed :

  1. Minimum age: 25 year.
  2. Maximum age: 65 years.
  3. Minimum annual turnover: Rs. 20 lakh
  4. Experience in current bussiness: 3 years
  5. Total experience in bussiness: 5 years

Documents You Need to Apply for Personal Loan

Salaried Self Employed
Last 3 month salary slips Last 3 years ITR
Latest 6 month bank statements of salaried account Latest 6 month bank statements of current account
Photocopy of Pan Card
Residence & Address Proof
2 passport size photographs


About Visakhapatnam:

Visakhapatnam (Vizag) is a port city and 2nd largest in eastern Coast of India. Vizag is situated 625 Km east of the state capital Hyderabad. It is dwelling place for various state-owned heavy industries and a famous steel plant. Vizag is the only seaport that has the oldest shipyard.