Vijayawada is the city of Andhra Pradesh. This city is the fastest-growing urban area where the Kanaka Durga Temple is situated. For your expenses, you can opt for a ₹ 10 Lakh personal loan in Vijayawada.
With 24hrLoan, you can apply online and get funds without long paperwork or waiting weeks for approval. If you have a low salary of ₹ 12,000, you can apply for a personal loan.
Why Consider a Personal Loan in Vijayawada?
Unlike secured loans, a personal loan is unsecured, meaning you don’t need to mortgage property or pledge assets. It’s a sensible choice for people who need money quickly. Some common uses include:
- Medical Emergencies: Hospital bills and treatments often come as a surprise. Personal loans ensure you don’t delay urgent care.
- Education & Skill Development: Fund higher studies, coaching classes, or professional certifications.
- Weddings & Celebrations: Manage large expenses like venue, catering, or jewelry without financial stress.
- Travel & Lifestyle: Plan a family trip or upgrade your home interiors.
- Debt Consolidation: Combine multiple high-interest debts into one manageable EMI.
Benefits of Personal Loans in Vijayawada
- Instant Processing: Online applications with same-day or next-day disbursal.
- No Collateral Required: Borrow without risking your home, land, or gold.
- Custom Loan Amounts: Choose from small-ticket loans (₹50,000) to higher values (₹10 lakhs) depending on eligibility.
- Flexible Tenures: Repay in 12 to 60 months, based on your repayment capacity.
- Competitive Interest Rates: 24hrLoan partners with multiple lenders, helping you get the best available rates.
- Transparency: There are no hidden charges; everything is clearly explained from the beginning.
Compare Top Lenders Personal Loan in Vijayawada
| Lenders | Interest Rate (p.a.) | Salary Per Month | |
| WeRize | 16% to 18% p.a. | Rs. 12,000 | Apply Now |
| MoneyView | 1.33% per month | Rs. 13,500 | Apply Now |
| InCred | 11.49% to 18% p.a. | Rs. 15,000 | Apply Now |
| Fibe | 24% to 30% p.a. | Rs. 18,000 | Apply Now |
| Prefr | 18% to 36% p.a. | Rs. 18,000 | Apply Now |
| Finnable | 16% to 22% p.a. | Rs. 15,000 | Apply Now |
| IDFC | 12.50% to 18% p.a. | Rs. 15,000 | Apply Now |
| PaySense | 1.4% to 2.3% per month | Rs. 18,000 | Apply Now |
| Upward | 9% to 32% p.a. | Rs. 18,000 | Apply Now |
| mPokket | 1% to 6% per month | Rs. 9,000 | Apply Now |
Eligibility Criteria for Personal Loans in Vijayawada
Eligibility is straightforward, and most working individuals can qualify. Typical requirements include:
- Age: 21 to 55 years
- Income: Minimum monthly salary of ₹12,000, and self-employed must show business stability.
- Employment: Salaried employees, self-employed professionals, or business owners.
- Credit Score: A CIBIL score of 700+ increases chances of approval and better interest rates.
- Work Experience: Salaried applicants should have at least 12 months in their current job; self-employed applicants should have 1 year+ in business.
Also Read: Get Personal Loan in West Nimar
Documents Required
| Category | Documents |
| KYC Proof | PAN Card and Aadhaar Card |
| Salaried Documents | Last 3 months Salary Slip and Last 12 months Bank Statement |
| Self-employed Documents | Last 2 years ITR with balance sheet, profit loss. Business Registration Proof |
| Other Documents | Passport-sized photo, Electricity bill or Property tax |
How to Apply for a Personal Loan in Vijayawada through 24hrLoan
The process is 100% digital and takes just a few minutes:
- Check Eligibility Online – Use our free loan eligibility calculator.
- Fill Out Application – Enter personal details, income, and loan requirement.
- Upload Documents – Scan and submit documents securely online.
- Instant Approval – Get matched with suitable lenders in minutes.
- Loan Disbursal – Once approved, money is transferred directly to your bank account.
FAQs
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What is the minimum income required for a personal loan in Vijayawada?
Most lenders require a ₹20,000 per month salary, depending on employment type. But, 24hrLoan provides a personal loan at ₹12,000 monthly salary.
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How much can I borrow?
You can generally borrow between ₹50,000 and ₹10 lakhs.
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How soon will I get the money?
With 24hrLoan, many applicants get funds within 24 hours of approval.
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Will applying affect my credit score?
Checking eligibility does not affect your score; only final disbursal checks may show as an inquiry.
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Can I apply if I have an average credit score?
Yes, though you may get a smaller amount or slightly higher interest. The minimum credit score of 680+ will apply.