Vijaya Bank Personal Loan

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Personal Details


Vijaya Bank Personal Loan Details

Vijaya Bank star star star star star 3.75 / 5.04 users

Vijaya Bank has been offering Personal Loans that enable borrowers to finance their personal expenditures. Personal Loan from Vijaya Bank is called “V Cash”.

Vijaya Bank Personal Loan Details Updated on 22nd October 2020
Loan Amount Rs.50,000 to Rs.600,000
Loan Tenure 5 Years
Interest Rate 12.50% to 13.50%

Why Choose Vijaya Bank Personal Loan?

  • The advantage of this loan is its same interest throughout the duration.
  • Simple documentation is needed and the personal loan in Vijaya Bank then gets processed faster.
  • The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.
  • You can check out Vijaya Bank personal loan eligibility and Vijaya Bank Personal Loan EMI calculator at

Features of V Cash:

  • Salaried individuals and pensioners can avail this loan.
  • This loan helps borrowers at the hour of short-term financial requirements and expenditures such as wedding, home repair, purchase of a vehicle, educational purposes, office or shop renovation, medical expenses, vacations, starting or expanding a business, etc.
  • Those who are 21 years of age or more are eligible for this loan. The upper age limit is 55 years, provided the borrower has at least 2 years of service remaining. In case of pensioners, the exit age is 72 years.

Why Apply for Vijaya Bank Personal Loan?

Loanbaba provides comprehensive information about personal loan schemes by Vijaya Bank. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for this loan online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

Vijaya Bank Personal Loan Interest Rates

Vijaya Bank Personal Loan interest rate is MCLR 1 Year + 4.25% = 12.90% per annum. Keep a check on this page to note the updated interest rate for Vijaya Bank personal loan.

Vijaya Bank Personal Loan Eligibility

  • The maximum amount of personal loan that can be granted depends upon the salary of the individual, in case of salaried applicants. The amount is usually equivalent to the applicant’s average net take-home salary of previous 18 months, the upper limit of the loan amount being Rs 6 lakhs. In case of pensioners, the maximum loan amount depends on the applicant’s monthly pension. The amount is equivalent to the gross pension of previous 18 months, the upper limit of the loan granted to pensioners being Rs 2 lakhs.
  • In case of salaried employees, guarantee of a spouse is not needed. Only a 3rdparty guarantee where the 3rd party has sufficient net worth is enough for the applicant to avail the personal loan.

Types of Vijaya Bank Personal Loans

Vijaya Bank has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

Vijaya Bank Personal Loan FAQs

  • addFAQs

    Below provided are important questions about personal loan Vijaya Bank.

    1. What are the documents required for Vijaya Bank personal loan?
    2. Some pre-sanction documents are needed before the bank grants the loan. These documents include the certificate of the applicant’s last drawn salary. This requires the salary of the applicant to be credited to a salary account that has been maintained with the bank for at least the preceding 6 months.

    3. What is the loan repayment tenure?
    4. The personal loan Viajaya Bank must be repaid within tenure of 60 months or 5 years.

    5. Who can act as a guarantor for pensioner applying for the personal loan?

    In case of a pensioner, the spouse acts as a guarantor until and unless they are separated or the spouse is no more. In such cases, a 3rd party guarantee is needed, provided the bank perceives the net worth of the 3rd party to be sufficient.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Vijaya Bank.

Vijaya Bank Personal Loan Review

Personal Loan
star star star star star 12.0/5
Personal loan by Vijaya Bank was perfect, but the turnaround time is something they can work upon.
Mumbai October 20, 2020
Personal Loan
star star star star star 15.0/5
I had applied my personal loan in Mumbai at Vijaya Bank. I was in dire need of funds and fortunately got the loan amount soon.
Mumbai October 20, 2020
Personal Loan
star star star star star 15.0/5
Taking personal loan in Gujrat by Vijaya Bank through online portal of loanbaba was after all not a bad idea. This way I could communicate with the Kotak Mahindra without having to come over to their branch. All by documentation was sorted and I got the loan in decent time.
Mumbai October 18, 2020
Personal Loan
star star star star star 13.0/5
The Vijaya Bank has disbursed the loan amount required and I am satisfied with it. The interest rate and the charges are average.
Mumbai October 17, 2020

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