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Personal Loan in Vishakhapatnam

Personal Loan in Vishakhapatnam

Famous for its beaches, Vishakhapatnam is known as 'The Jewel of the East Coast'. Soon to be developed as one of the Smart Cities in India, the cost of living here can certainly skyrocket. Whether you're a young individual living alone in the city or you have the responsibility of your family, sudden financial needs in a modern city like Vishakhapatnam can leave you shaken.

 

So, when financial uncertainty hits you, a personal loan can help you accumulate the funds needed. Apply for Tata Capital's personal loan in Vishakhapatnam and manage your finances easily by availing some of the lowest interest rates with flexible repayment tenure.

 

A multipurpose personal loan from Tata Capital comes with unrestricted end-use to let you finance your urgent expenses – be it a medical emergency, your child's education, or a much-needed family vacation. Enjoy quick loan approvals and disbursal in Vishakhapatnam without the need to pledge any security. Avail a loan with flexible tenure of up to 6 years and enjoy convenient loan repayment.

 

Now start your journey towards financial convenience by applying for a Tata Capital personal loan in Vishakhapatnam. Because no matter your need, we have the right Personal loan offering for you!

Know more about our offering

Key Features

Loan Amount

₹75,000 - ₹25,00,000

Loan Tenure

12 to 72 months

Interest rate starting at

10.99%

Advantages

Meeting Unplanned Emergencies

Need urgent funding to meet a medical or financial emergency? Turn to Tata Capital for instant personal loan in Vizag and get loan amount credited instantly. 

Choose Your EMI Option

Choose from two different EMI options- standard  and step-up flexi loan EMI. Select the option that best fits your needs and allows for comfortable repayment. 

Get Personalised Loans

Avail tailor-made personal loans where you can choose the loan amount, interest rate and repayment tenure as per your discretion. Enjoy utmost freedom while taking personal loan in Vizag by Tata Capital. 

Meeting Unplanned Emergencies

Need urgent funding to meet a medical or financial emergency? Turn to Tata Capital for instant personal loan in Vizag and get loan amount credited instantly. 

Choose Your EMI Option

Choose from two different EMI options- standard  and step-up flexi loan EMI. Select the option that best fits your needs and allows for comfortable repayment. 

Get Personalised Loans

Avail tailor-made personal loans where you can choose the loan amount, interest rate and repayment tenure as per your discretion. Enjoy utmost freedom while taking personal loan in Vizag by Tata Capital. 

What are the types of Personal Loan available in Vishakhapatnam?

 Tata capital provides multi-purpose personal loans in Vishakhapatnam. These loans are free of collateral or security and can be availed for any of the following purposes:

  • Home Renovation: Revamp your humble abode into the style of your choice with a personal loan.

  • Travel: With Tata Capital’s personal loans, the sky is the limit for your travels.

  • Wedding: Plan your dream wedding and leave no stone unturned in creating lifelong memories with personal loan for weddings.

  • Medical: Medical emergencies strike with no warning. Face them bravely with Tata Capital’s customised loans.

  • Education: nothing is more important than getting a quality education and Tata Capital’s personal loans will help you do just that. 

What are the Interest Rates for Personal Loan in Vishakhapatnam?

The personal loan interest rate in Vishakhapatnam is the lowest, starting at just 10.99%. Further, the interest rate also depends on your income, credit score, debt history, etc. 

What are the Eligibility Criteria for Personal Loan in Vishakhapatnam?

The eligibility criteria are some basic requirements that you need to meet to avail a personal loan. Tata Capital’s easy-to-meet eligibility criteria facilitates a smooth functioning and fast disbursal of loans.

The personal loan eligibility criteria are the same for both salaried and self-employed professionals and are given below.

  • Applicant must be aged between 22 to 58 years

  • The applicant must have at least one year of work experience

  • The applicant must have a minimum monthly income of Rs. 15,000

What are the Documents Required for Getting a Personal Loan in Vishakhapatnam? 

 The following documents are required to get a personal loan in Vishakhapatnam.

Documents required for salaried individuals:

  • Aadhar Card/ Voter Id Card

  • Identity Proof and Residence Proof

  • Bank statements for the last 6 months

  • Certificate of Employment

Documents required for self employed people are the same as above, with the addition of Income Documents for the last 3 months.

To check out the list of valid documents, visit our personal loan documents page. 

How to Calculate EMI for Personal Loan Online? 

To calculate EMI, you can use the personal loan EMI calculator on our website. Upon entering the loan amount, interest rate and tenure in the calculator, it will instantly display the EMI payable every month.  

HOW TO APPLY FOR A PERSONAL LOAN IN VISHAKHAPATNAM

Other Ways to Apply for a Personal Loan in Vishakhapatnam

  • Customer Care – 1860 267 6060
  • Email – contactus@tatacapital.com
  • Registered Branch – Tata Capital Financial Services Limited, Balla Divya Towers, D.No.49-24-10, 1st Floor, Sankarmatam Road, Madhuranagar, Beside SBI, Visakhapatnam 530016

FAQ

Getting a Personal Loan is simple and quick. To get your loan approved swiftly, you will be asked to provide the following details: Your personal details including your PAN number, CIBIL score & KYC documents Copies of your pay slips, address proof and bank statements Find out more about Personal Loan Eligibility and Documents for more details.

We provide Personal Loans from a minimum of ₹ 75,000 to a maximum of ₹ 35,00,000/- depending on your eligibility.

Your Equated Monthly Instalment depends on the principal loan amount, the interest rate charged and the period for which the loan is taken. You can choose your EMI amount that is comfortable for you by using the Personal Loan EMI calculator.

Enter the following information to calculate your EMI:

  • Loan Amount (The loan amount you wish to get)
  • Personal Loan Interest Rate
  • Loan Tenure (Period ranges from 12 -84 months)
  • Click the Calculate button. The system shows your EMI monthly break-up of both the interest and principal payment.
  • If the Personal Loan EMI is higher or lower than you want to pay, edit the principal amount and follow the same steps from 2 to 4

Personal loans can be taken for a variety of different purposes, such as follows –

  • Travel – Strike off a dream location you have been craving to visit with an easy personal loan
  • Education – Give your child the quality education they deserve with a personal loan
  • Wedding – No other event in a person’s life is more special than a wedding. Throw a wedding of a lifetime by taking the aid of a personal loan
  • Medical – Need funds for a medical emergency? Opt for a personal loan to meet your urgent needs
  • Debt Consolidation – Need to meet other costlier loan repayments? A personal loan can help you out!

No, you do not need any collateral or security for availing a personal loan with Tata Capital.

Online personal loan applications can be approved within seconds to a few minutes of submission! Offline applications, on the other hand, may take a few business days from the date of submission for approval.

Much like any other form of credit, a personal loan also affects our credit score in the long-term and is a great opportunity to build good credit worthiness. Making consistent timely EMI payments and ultimately repaying off your personal loan within its fixed tenure will improve your future credit score

Yes, you can avail tax benefits on your personal loan depending upon the purpose for which the loan was taken. The Income Tax allows tax deductions for loans taken for education, purchase or renovation of property, and business expansion. For instance, as per Section 24 of the Income Tax Act, if you have taken a personal loan for home construction or renovation, the interest paid is eligible to be claimed as exemption from your taxable income. For self-owned houses, interest up to Rs. 2 lakhs is eligible for exemption whereas for rented houses, the entire interest can be claimed as tax exemption. In case of business expansion, the interest paid will be added to the cost of acquisition which will reduce capital gains, and thereby tax liability. Moreover, Section 80 E of the Income Tax Act speaks about the tax benefits up to Rs. 1,50,000 for those who have taken an education loan for higher studies.

One of the biggest personal loan benefits is that it can help you arrange funds for any purpose. If you need money for a medical emergency or a last-minute trip, a loan can help you. Or, if your savings are locked in investments but you need cash, take a personal loan. Apply online with zero paperwork and enjoy quick disbursal. 

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