About the bank

Vijaya Bank is one of the public sector banks in India with its corporate office in Bangalore, Karnataka. The Bank was established by a group of entities led by Attavar Shetty in 1931 in Mangaluru, Karnataka. Vijaya Bank was nationalized in 1980 by the Government of India along with 13 other banks in India. The bank has a network of over 2,031 branches across the country with staff strength of around 9,059. Vijaya Bank provides a wide range of financial services and products to its customers through its various delivery channels.

Vijaya BankPersonal Loans

Many times we face the unforeseen requirement of funds to meet large personal expenses. It could be planning a vacation, improving your business, managing credit card debt, funding wedding celebrations, paying for medical exigency, etc. In those tough times, taking a Personal Loan is the best option for a personal loan does not require collateral and you are free to use the loan amount as per your needs. Vijaya bank came up with a product called v-cash which offers the personal loans to permanent employees of PSU (i.e. state/central government), joint sector undertaking, private establishment or reputed company drawing salary through the bank. Vijaya bank has also included pensioners in this scheme who are drawing their monthly pension. Vijaya Bank offers a very suitable personal loan scheme that meets the personal need of an individual which includes short-term credit needs like medical expenses, marriage, purchase of consumer durables, etc.

Interest Rate & Charges

Vijaya Bank Personal Loan Interest Rates in India
Category Effective Rate of Interest
General - Interest Rates 13.50%
Pensioner- Interest Rates 12.50%
Processing Fee 0.75% of the loan amount + Service Tax
Repayment Period Minimum- 1 year


Maximum- Up to 5 Years

Minimum Income Rs. 12,000 per month
Maximum Loan Amount Salaried class – Maximum of Rs.10 lakhs


Pensioners – Maximum of Rs. 2 lakhs

Eligibility Criteria - Vijaya Bank Personal Loan

Eligibility for Vijaya Bank personal loan is decided on the basis of certain parameters. A loan seeker must come under the below-mentioned eligibility criteria to avail a personal loan from Vijaya Bank:

  • Salaried/Pensioners: The personal loan applicant should be a salaried individual or should be a pensioner availing regular pension
  • Age Limit: The personal loan applicant of Vijaya bank personal loans should be a minimum of 21 years in the case of salaried individuals. The exit age of pensioners is 72 years
  • Service: The salaried applicant should have a minimum of 4 years of service left
  • Guarantor: A guarantor is required in case of loan applicant is a pensioner. The spouse would act as a guarantor unless he or she is dead or legally separated. In that case, a third-party guarantor is required provided that the net worth of the third-party is enough as perceived by the bank. In the case of other salaried employees, spouse’s guarantee is not required, only the third-party guarantor having a sufficient net worth would be enough to avail the Vijaya bank personal loan
  • Eligibility and EMI calculator: Now, you can easily evaluate and calculate your Vijaya Bank personal loan eligibility and Vijaya Bank personal loan EMI amount using utility tools like personal loan eligibility calculator and personal loan EMI calculator at These calculators will help you to determine your EMI outflow every month including the interest rate you will need to pay. Using the calculator at is free, easy and simple.
  • CIBIL score: Credit score is an important factor for approval of your loan. Usually, an applicant’s creditworthiness is determined by evaluating his credit score i.e. CIBIL / EXPERIAN score. Loan applications of applicants having poor credit score may get rejected. It’s always advisable to keep on updating your credit score every now and then. If you have a bad credit score and somehow your loan application gets approved, you might be asked to pay a high rate of interest and be offered unfavorable terms and conditions on your loan as compared to someone who has an excellent credit score.

Document Required - Vijaya Bank Personal Loan

For obtaining the maximum amount of personal loan from Vijaya Bank, a borrower should produce the following documents according to their business profiles as follows:

  • Filled Vijaya bank loan application form
  • Passport size photos
  • Pan card
  • ID PROOF: driving license/pan/passport/voter ID/Aadhar card
  • Residential address proof
  • Income documents: Form 16 of the last 2 years, 3 month's pay slip, 3 months bank statement showing salary credit and any EMI debit

Features and Benefits - Vijaya Bank Personal Loan

Feature and Benefits of Vijaya Bank Personal Loan

Vijaya Bank has attractive features and benefits from easy loan approval to a higher loan amount with flexible loan tenure. Vijaya Bank offers its customer’s maximum quantum of the loan depending on their repayment history and credit score. Here are some features and benefits of Vijaya Bank personal loan:

  • The personal loan provided by Vijaya Bank is a multipurpose loan, no boundaries on the end use of the loan amount
  • The competitive interest rate makes sure that the loan doesn’t become a burden
  • Flexible tenures up to 60 months
  • Easy and simple documentation
  • Flexible repayment period allows you sufficient time to clear the loan
  • Higher Loan Quantum: Individuals can get a loan amount equivalent to their 18 months net take home salary subject to a ceiling of Rs. 6 lakhs maximum and pensioners can avail 8 months gross pension as loan
  • Loan for pensioners ensures they can meet any obligation post-retirement
  • Low processing charge
  • Vijaya Bank personal loan is also available for the purchase of consumer durables, clean loan for flexible personal expenses


Q1 How to apply for a personal loan with Vijaya bank?
An individual can conveniently apply for Vijaya bank personal loan or can calculate eligibility and EMI by using utility tools like personal loan eligibility calculator and personal loan EMI calculator at
Q2 How much time is required to process the loan application?
If found eligible, the bank will take 2 to 7 days to process the personal loan application.
Q3 Who can situate as a guarantor for pensioners in Vijaya Bank Personal Loan?
Generally, the spouse of the pensioner is considered as the guarantor, but in some cases where the spouse is legally separated or dead, a third-party guarantor can be accepted by the Bank.
Q4 Are there any pre-closure charges?
Vijaya Bank can levy a pre-closure charge up to 1% of the pre-closed amount.
Q5 How to get all information with respect to personal loans offered by Vijay bank?
Borrowers can log on to and get all the details about the personal loan from Vijaya Bank.
Q6 How many personal loan schemes do Vijaya bank serves?
Vijaya Bank has only one personal loan scheme with the name of V-Cash.
Q7 Who can avail the personal loan services offered by Vijaya bank?
A loan under Cash scheme can be availed by salaried individuals along with pensioners, subject to them meeting definite conditions set by the bank.
Q8 What is the maximum loan amount one can avail under this loan scheme?
The loan amount any individual is eligible for depends on his/her standing, with salaried individuals permitted to a maximum loan amount of Rs 10 lakhs and pensioners eligible for Rs 2 lakhs. This loan amount is provided at the prudence of Vijaya Bank and can change from person to person.
Q9 Is there any age limit a borrower should satisfy in order to be eligible for a loan from Vijaya Bank?
Yes, a borrower must be at least 21 years old, with an upper age limit of 55 years if he/she is a salaried individual. Pensioners who wish to avail the personal loan from Vijaya Bank should make sure that they are under the age of 72 years at the time of complete repayment.
Q10 How can one repay the loan?
Borrowers can repay the loan through regular EMI’s (Equated Monthly Installments).
Q11 What is the maximum tenure with respect to the repayment of a personal loan?
The maximum tenure of a V-Cash personal loan is 60 months, with a borrower estimated to completely repay the amount within this time.
Q12 Whether an individual can apply for the loan online?
An individual can apply for a loan online through website and get rid of the hidden charges and hassle levied by visiting the Bank in person.
Q13 Is it compulsory for a salaried borrower to provide proof of income?
Yes, a borrower needs to provide proof of his/her income while applying for a loan from Vijaya Bank. The bank uses this proof to assess the repayment capacity of the borrower.
Q14 What is the percentage of interest rate offered by Vijaya Bank on a personal loan?
Vijaya Bank personal loan interest rate ranges from 12.50% for pensioners to 13.50% for general category borrowers.
Q15 What is the percentage of processing fee charged by Vijaya Bank on a personal loan?
Vijaya Bank charges a processing fee of 0.75% of the loan amount plus the applicable service tax.
Q16 Can I add my spouse's income while applying for a personal loan from Vijaya Bank?
Yes, you can join your income with the income of your spouse to increase your Vijaya bank personal loan eligibility and to get a higher quantum of the loan amount. For any query about Vijaya Bank personal loan application, you can log on to or give us a call at 0120-411-0376 or mail us at
Achala Kesarwani
07 Sep 2019
I applied for personal loan through Afinoz and the bank was Vijaya bank and guess what, my loan was approved. Thanks again to Afinoz
Sourav Kumar
04 Oct 2019
Recently I heard about Afinoz Digitalizing Finance then I go through with website and got to know how to apply and did the same and after 3 days got my loan approved from Vijaya bank.
Srijan Suman
04 Oct 2019
Personal loan is something like every employee needs but due to less time, we can't go bank again ad again. So I visited and applied for a personal loan through Vijaya bank and got the loan approved within 3-4 days