Vijaya Bank Personal loan 2024 : Today we are going to provide you information related to Vijaya Bank Personal Loan, how you can take a personal loan from this bank to fulfill your needs. If you need a personal loan, then you can get a loan of up to Rs 10 lakh from Vijaya Bank.
If you are also one of those people who are looking for a loan to fulfill the needs of yourself and your family, then this bank may fulfill your need. In this article, you will be given complete information about the eligibility and documents required to take a personal loan and how you can apply for a loan.
Trending Now
Vijaya Bank Personal loan 2024
As we all know how important money is in today’s time, it is not possible to do any work without money, and everyone needs money to fulfill their needs and when they do not have money, they think of taking a loan or debt at that time, so we are going to tell you about such a personal loan, by which you can fulfill the needs of yourself and your family by taking a good loan at low interest.
Vijaya Bank Personal Loan 2024 Overview
| Article Name | Vijaya Bank Personal Loan 2024 |
| Article Type | Personal loan |
| Bank name | Vijaya Bank |
| Loan amount | 10 Lakh |
| Interest rate | 13.50% |
What is Vijaya Bank Personal loan Interest Rate?
Whenever we think of taking a loan from somewhere, the first question that comes to our mind is what will be the interest rate of the loan taken from here? Therefore, first of all we are going to tell you about the interest rate of personal loan from Vijaya Bank.
We all know that every bank gives loan at different interest rates according to its criteria and Vijaya Bank gives personal loan up to Rs 10 lakh to its customers and on that loan it charges an interest rate of 13.50% from its customers. The tenure of this loan is 60 months and in this the customer also has to pay 0.75% of the loan amount + GST as loan processing fee.
Loan of 10 to 40 lakhs is available for dairy farm business, apply like this
Eligibility required to take Vijaya Bank Personal loan 2024
Only those applicants can take this loan who fulfill all these eligibility criteria.
1. The age of the applicant taking loan should be between 21 years to 65 years.
2. The applicant must be an Indian.
3. The applicant must have a job or his own business.
4. Wherever the applicant works, he must have been working there for at least 2 years.
Government is giving loan up to ₹ 50000 to start small business
Factors Affecting Vijaya Bank Personal Loan
Apart from the eligibility criteria, there are certain factors which impact the loan amount of the applicant.
1. Location – The place where you live plays a vital role in your loan application. It determines the minimum amount you need to be eligible for a personal loan as the minimum wages are higher in cities and even higher in case of metros like Mumbai.
2. Income – The higher the income of the applicant, the better amount of loan he will get.
3. Housing condition – Whether you live in your own house or a rented house, this is very useful in determining the loan amount.
4. Existing Loans – If you already have any other loan outstanding then this will be a very important factor in determining your loan amount and interest rate.
5. Credit History – Your credit history, on the basis of which your credit score is calculated, is a very important factor in getting a loan.
You can get a personal loan of Rs 2 lakh with Aadhar card, apply from here
Documents Required for Vijaya Bank Personal Loan
1. Aadhar Card
2. Residence Certificate
3. PAN card
4. Bank statements of last 6 months
5. Identity proof
6. 3 passport size photos
7. Three years’ IT returns for self-employed professionals
8. Form 16/IT Returns of last two financial years for salaried employees
How to apply for Vijaya Bank Personal loan?
If you are interested to take a personal loan from Vijaya Bank then you can apply for the loan by following the procedure given below.
1. First of all the applicant has to go to his nearest Vijaya Bank branch.
2. After going to the bank, you will have to tell the officer there that you Personal Loan I want to take it.
3. After this the bank officer will ask you some questions like why are you taking the loan? What is your source of income to repay the loan? Where do you live etc.
4. After this the officer will determine your eligibility and give you the form for that loan.
5. Which you have to fill carefully and attach the photocopies of all the documents in it.
6. After this you have to submit that form to the officer.
7. Then your documents will be verified and if you are eligible to get the loan, the loan amount will be transferred to your bank account.
My name is S. Koli, and I am an experienced operator at the Jan Sewa Kendra (CSCs). For the past 7 years, I have been working on online form filling and providing the latest information about government jobs and schemes to the general public. Currently, I am working with platforms like SDSCW-JP and others.
