Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Hyderabad Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Customer Reviews
    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad Paperless approval available
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    Perks
    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
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    Customer Reviews
    13.99% - 16.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1,499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.65% - 11.65% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time : Within 30 minutes
    Guarantor Required Paperless approval available
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    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 15.99% Fixed
    Up to 0.5%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 17.99% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.75% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
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  • Hyderabad Personal Loan is Rated as "Great!" by 9102 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Hyderabad Personal Loan

    Apply for Personal Loan

    Hyderabad is the capital of Andhra Pradesh in Southern India.A city rich with history and tradition, Hyderabad now competes with Bangalore, Chennai for the crown of India's IT capital.

    A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. An unsecured loan is an umbrella term used for loans which do not require collateral. Banks, credit unions, and other financial institutions offer personal loans on an ongoing basis.


    You’re probably eligible for an Hyderabad Personal Loan if you are

    01
    02
    03
    04
    Hyderabad Personal Loan Minimum Age

    At least 21 years old

    Hyderabad Personal Loan Maximum Age

    Less than 65 years old

    Hyderabad Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Hyderabad Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Hyderabad Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Hyderabad Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Hyderabad Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs

    Hyderabad Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Hyderabad Personal Loan amount by these steps

    01
    02
    Hyderabad Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Hyderabad

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Hyderabad Personal Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Hyderabad Personal Loan Interest RatesUpdated on 20 Oct 2017

    Hyderabad Personal Loan Details
    Interest Rate (Monthly reducing balance) 15.70% to 16.20%
    Processing Fees 1% of the advance subject to a min of Rs.1000
    Loan Tenure 3 years
    Pre-closure Charges Nil
    Guarantor Requirement No guarantor required

    Personal Loan in Hyderabad

    Personal loans in Hyderabad are offered by some of the top banks and NBFCs in the country. All banks offer secured and unsecured personal loans. In the case of unsecured loans, banks offers loans ranging between Rs.50,000 to Rs.40 lakh without any collateral. Personal loans are offered to customers based on their annual income, the company their employed, etc. Some of the top banks offering personal loans are ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, etc. To compare loan offers between banks, customers can facilitate the use of financial portals such as BankBazaar.

    Personal Loan offered by various banks in Hyderabad

    A number of top banks and NBFCs in the country offer personal loans in Hyderabad. Some of the more popular banks and NBFCs offering personal loans at the best interest rates are listed below:

    • ICICI Bank
    • HDFC Bank
    • Axis Bank
    • Citibank
    • Standard Chartered Bank
    • Oriental Bank
    • Kotak Mahindra Bank
    • Fullerton
    • Bajaj Finserv
    • Tata Capital
    • Aditya Birla

    How do I get a Personal Loan with the lowest interest rate in Hyderabad?

    When availing a personal loan, most people go for the bank holding their salary account as the paperwork becomes a lot more relaxed and the process faster. While for some this might work perfectly, comparing the interest rate on loans offered by several banks and NBFCs is the best option. Other than that, there are a few other factors that will positively affect your loan interest rate. If you’re availing a loan, listed below are a few areas you need to look into or take care of if you wish to get the lowest interest rate on your loan:

    Credit score - Ensuring that your credit score is optimum is imperative when availing a personal loan. Having a high credit score will result in you getting a loan at a lower interest rate and vice versa. A credit score above 750 is satisfactory when availing a personal loan.

    Make a down payment - Putting down a sizeable down payment is sure to get you a better interest rate on your loan. Anything upward of 20% of your loan amount will positively affect the interest rate that is offered to you.

    Debt-to-income ratio - Making sure that you have a stable debt-to-ratio will firstly decide whether your loan will be approved and secondly will affect the interest rate on your loan. Debt-to-ratio is the amount one earns monthly against his/her credit bills, loans dues, etc.

    Look around for the best loan interest rates on offer - Facilitating the use of financial portals such as BankBazaar will help you when shopping around for loans from various banks and NBFCs offering the best interest rates. The BankBazaar website compares the loan interest rates of all its partner banks and makes it easier for customers to make a decision.

    Tenure - Choosing your tenure directly reflects on the interest rate added to the loan amount. Choosing a shorter tenure will result in you having a much less interest rate - though the EMIs will be considerably high. The interest rate increases with the length of the payback period.

    Employee stability and the company you work for - The number of years of experience and the company you work for plays a vital role whether firstly your loan will be approved and secondly the interest rate on the loan. Working for an established company only increases the bank's trust of you repaying the loan.

    Always negotiate - While most people readily agree to the interest rate on the loan offered by the bank, negotiating on the interest rate is a necessity. If you’re a customer availing a loan from the bank holding your salary, you have a better chance of making a negotiation.

    Personal Loan Interest rates in Hyderabad 2017

    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    ICICI Bank 11.59% - 18.49% (Fixed) 2.25% (min. Rs.1149) One time fee Rs.20 lakh (Max) 1-5 Years
    CitiBank 10.99% - 15.99% (Fixed) 1% to 2.5% Rs.30 lakh (Max) 1-5 Years
    Kotak Mahindra Bank 11.49% - 20.15% (Fixed) Up to 2% Rs.15 lakh (Max) 1-5 years
    Fullerton 17.25% - 37% (Fixed) 1.5% to 6.0% (One time fee) Rs.15 Lakh (Max) 1-4 Years
    Bank of Baroda 11.35% - 14.35% (Fixed) Rs.1,000 to Rs.10,000 (One time fee) Rs.20,000 - Rs.2 lakh 4 Years (Max)
    State Bank of India 12.90% - 14.90% (Fixed) 1% (One time fee) Rs.24,000 - 15 lakh 5 Years
    Aditya Birla 11.5% - 13.25% (Fixed) Nil Rs.30 lakh (Max) 1-5 Years
    Allahabad Bank 13.10% (Fixed) 1.22% (One time fee) Rs.50,000- Rs.7.5 lakh 1-5 Years
    Yes Bank 14% (Fixed) Up to 2%One time fee Rs.20 lakh (Max) 1-5 Years

    Salary requirements to avail Personal Loans in Hyderabad

    When availing a personal loan in Hyderabad, the salary requirements vary from bank to bank. When looking for the bank offering the best interest rates, make sure to look out for the minimum salary requirement as well.

    • For salaried individuals - Banks have a minimum salary requirement between Rs.7,500 and Rs.50,000 for salaried individuals.
    • Self-employed individuals - Those having their own business should provide proof of income and most banks have an income requirement of Rs.1 lakh to Rs.2 lakh (profit) annually.

    Hyderabad Personal Loan FAQs

    1. What is the tenure range of personal loans?

      Most banks offer loans for a tenure of 1 to 5 years. The tenure decides the interest rate, the EMIs to be repaid to the bank monthly, etc.

    2. What documents are required when applying for a personal loan?

      You will need to submit your regular KYC documents (address and identity proof) - Passport, Aadhaar card, Voter’s ID, driving licence, any government employee card, etc. Apart from that, you will have to submit your payslips, last two years IT Returns, last six months bank statements, etc.

    3. Are there any additional charges for personal loans?

      You will have to pay the processing fee upfront when availing a loan. Apart from this there are no additional charges unless a prepayment is made.

    4. Will the loan be disbursed at once or in stages?

      Once your loan application has been approved by the bank or NBFC, the loan will be disbursed all at once. There is no option of splitting the disbursal.

    5. Can I prepay a loan after a couple of months?

      Most prepayment requirement for most banks is six months from the point of disbursal. Pre closing the loan in two months would not be a possibility. You would have to pay prepayment charges on the outstanding balance. 


    Check For Latest: Gold Rate in Hyderabad Or Silver Rate in Hyderabad

    Hyderabad Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Easy way to get a Loan"
      0.5 5.0/5 "Blown Away!"
      Hi team its very easy to upload docs and e approval also good, faster process, paperless approval, convenient way, easy to get credit score for free, Its very easy to choose the desired loan based on the options provided by you, compare all the offers and right to choose.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2017
    • ICICI Bank Personal Loan
      "Personal loan"
      0.5 5.0/5 "Blown Away!"
      The rate of interest charged by ICICI Bank was around 10.99 for the persona loan, but processing fee is some what high 3%, I personally feel ICICI bank is doing good, why because HDFC bank is charging 5% as the foreclosure charge where as ICICI bank hardly charges 3% for the above mentioned loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2017
    • HDFC Bank Personal Loan
      "Personal loan process is good"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank Personal loan process is good, I like everything, they send all correspondence through mail. It is an ongoing loan. ECS is getting debited from my account every month without any hiccups. Interest rate and processing fee charged by HDFC Bank is quite satisfactory
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2017
    • Bank Bazaar Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is also responded very nice on the loan request. I used to receive quick reply through mails, messages and over the phone calls. Service part of Bank Bazaar is satisfactory gave me proper assistance on the loan products its great.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2017
    • ICICI Bank Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      Behalf of me, my son have taken a loan from the bank hence my need got fulfilled. ICICI bank is good they have called me twice, once time I was work busy with some other work, hence they called me again. Finally I informed them I don't have any requirement right now.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2017
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has offered me a personal loan as well. The bank has been very beneficial and they offered me a decent interest rate and processing charges. The process was also on time and the document collection was on time too. The disbursement was as expected too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2017
    • Bank Bazaar Personal Loan
      "Good Financial advisor"
      0.5 4.0/5 "Great!"
      Bank Bazaar has a comparison option to check all the available offers in the market. As per my eligibility I could check the offers and go head for the loan process. With the help of Bank Bazaar, I came to know about Standard Chartered its good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2017
    • Standard Chartered Bank Personal Loan
      "Good experience and friendly service"
      0.5 4.0/5 "Great!"
      I already taken personal loan from Standard Chartered, when I applied loan through online channel they were not responded. Finally again I approached the bank, took the loan with better interest rate and zero processing fee, I am happy about it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2017
    • Bajaj Finserv Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The bajaj loan was good in regards to my personal loan application. I got the personal loan with bajaj around a year ago. They have disbursed my loan amount within 3 to 4 working days. The rate of interest is high with BAJAJ when compared with others banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I earlier had a personal loan experience with HDFC Bank. They were fast in the process and they also seen to it that the disbursement happened on time and as per my need of the loan. They were also affordable on the rate of interest and processing charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • ICICI Bank Personal Loan
      "Okay"
      0.5 4.5/5 "Excellent!"
      My experience with the ICICI bank was really good one for me with them and the customer service was really fine one for me. The loan amount got disbursed within a week of time. I am happy for the personal loan, which got disbursed.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Bank Bazaar Personal Loan
      "Good response and user friendly"
      0.5 4.0/5 "Great!"
      I am satisfied with the service of bank bazaar. I got a call from them and they responded on time. Previously my home loan was taken through bank bazaar, The website is very easy to navigate. I do use EMI calculator for the calcualtion purpose.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 16, 2017
    • Citibank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      Citibank was good in the response as they contacted me on time after I applied for a personal loan, The expected loan amount was sanctioned on time, The rate of interest was not satisfacatory becasue other bankers are doing less than 11%. For preclosure they charge 3%.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      It was a hassle free experience with Bankbazaar and the customer services are good. The overall process was nice as it was all online and I did not have to visit the bank in person. The website is also good and there are no hassles in navigating through it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 16, 2017
    • Kotak Personal Loan
      "Good services"
      0.5 3.0/5 "Satisfactory"
      The process to get the personal loan is good at Kotak Mahindra Bank. They collected the documents on time and processed the details. The only problem is that they have disbursed the loan on September 1st and taken the first EMI after 15 days. I have also received a credit card without my consent. I have submitted my documents for a loan and they have used the same for the card as well which is not secured and professional.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Good financial advisor"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is a good e banking website.It has various financial products,get to know a comparison of banking products. customer executives are good,their service is excellent.bank bazaar App is good,website is easy to understand and navigate.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 16, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent service "
      0.5 5.0/5 "Blown Away!"
      I had applied for a personal loan for an amount of 5 lakhs at the interest rate of 11.9% feel its nominal as compared to other banks.They processed it within 10 days ,had a quick response from the bank. overall I am satisfied and happy to bank with them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I am using the services of bank bazaar very often. the services is too good. No other one in market can stand like this. I was very much happy to continue and proceed through steps is very good and interactive.The major thing about the bank bazaar is it's really helping in bringing the important need of the people.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 15, 2017
    • Fullerton Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I experienced a bit of delay with FULLERTON for the personal loan. It took at-least 20 to 25 days to get the loan amount. The process of document collection was smooth, where an executive came over and collected the documents on time at one shot and everything was fine. The rate of interest was quit high and the processing charges as well
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 15, 2017
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 5.0/5 "Blown Away!"
      I know bankabazaar.com from last 3 months, Bankbazaar provides good services when compared to all other banking websites. I am using mobile application, it is very easy to navigate and it is user friendly. I also check my CIBIL score often.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 15, 2017
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