Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 33 Hyderabad Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 16.49% Fixed
    0 Bankbazaar Exclusive
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
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    11.50% - 17.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Customer Reviews
    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Perks
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    Eligibility Criteria
    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
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    Perks
    Fees & Charges
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    Customer Reviews
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 18.25% 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 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
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    Customer Reviews
    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
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    Customer Reviews
    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    Perks
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    10.99% - 14.49% Fixed
    0%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
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    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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  • Hyderabad Personal Loan is Rated as "Great!" by 10157 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Hyderabad Personal Loan

    Apply for Personal Loan

    Hyderabad, a vibrant and lively city, is the capital of the state of Telangana. It is also the de jure capital of Andhra Pradesh. It is a historic place with several palaces and monuments. It is also a leading centre in the field of information technology. The population of this city is around 6.7 million. In the context of GDP per capita income, Hyderabad is the city that earns the 4th highest income.

    If you are interested in obtaining some additional money for any purpose, you can apply for a personal loan and then repay it conveniently through equated monthly installments (EMIs). There are many lenders in the city of Hyderabad that offer personal loans at economical interest rates. You may apply online or offline by visiting a branch.

    While applying for a personal loan online, you can compare different rates of interest and processing fees without having to go different bank branches. You also do not have to wait in long lines while awaiting your turn.


    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 16 Jul 2018

    Hyderabad Personal Loan Details
    Interest Rate (Monthly reducing balance) 10.99% to 24% p.a.
    Processing Fees Up to 2.5% of the loan amount
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% to 5%
    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 Loans offered by Various Lenders in Hyderabad

    Some of the leading lenders that offer personal loans in the city of Hyderabad include:

    • Standard Chartered Bank
    • Tata Capital
    • Kotak Mahindra Bank
    • Fullerton India
    • Oriental Bank of Commerce
    • Citibank
    • Andhra Bank
    • IDBI Bank
    • Indian Overseas Bank
    • State Bank of India (SBI)
    • Aditya Birla
    • ICICI Bank
    • Axis Bank
    • Bank of Maharashtra
    • ING Vysya Bank
    • HDFC Bank
    • Syndicate Bank
    • Punjab National Bank
    • Corporation Bank
    • Karur Vysya Bank

    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 on a monthly basis 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 2018

    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    Andhra Bank MCLR (for 1 year) + 2.85% to MCLR (for 1 year) + 4.50% Information not provided Up to Rs.2 lakh Up to 60 months
    Dena Bank 13% to 14% p.a. 1% of loan amount Up to 9 times of net monthly income Up to 36 months
    ICICI Bank 10.99% p.a. to 22% p.a. Up to 2.25% of the loan amountalong with applicable GST Up to Rs.20 lakh 1 to 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 11.85% to 14.70% p.a. 1% Rs.25,000 to Rs.15 lakh Up to 84 months
    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% p.a. Information not provided. Rs.2 lakh to Rs.20 lakh 1 to 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. 


    Hyderabad Personal Loan Reviews

    • SBI Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My personal loan was taken with SBI 2 years back.The loan amount was 2 lakhs and the interest rate as very high . The EMI period was 5 years .The process was very slow and they have delayed processing it .The documentation was smooth .hey did not sanction the loan within the committed time. Their processing fee was average in the market.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jul 14, 2018
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from the HDFC bank. The loan amount was 15 lacs, it was quite fast and the processing was very fast. The interest rate was low when comparing to other banks. Overall it has been a very good loan experience with the HDFC bank.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 12, 2018
    • Capital First Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been almost a year since i had taken this loan. It had been a very good experience with them where the process has been simple and easy in getting this loan. The loan amount which they had provided had been very good and the interest rate also had been good. There has not been any issues faced with the banking services of them.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jul 12, 2018
    • Axis Bank Personal Loan
      "Easy to take loan from Axis"
      0.5 5.0/5 "Blown Away!"
      I have taken this personal loan 3 months back. I have applied the loan amount of Rs. 2.5 lakhs and they have sanctioned the same. They have credit the money after deduction of GST, Processing fee and insurance. They have offered me a interest rate of 14% and processing fee of 2%. I have received my loan on time. I'm paying the EMI of Rs. 8950.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 12, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC bank 8 months back. The loan amount was 1.5 lakhs and the interest rate was very satisfactory .The customer service and responsiveness was really good. The EMI period was 2 years . Its a insta loan process so the loan got approved with in 10mins. There is no delay in the disbursement and its a paperless documents so i had a convenient loan experience .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 10, 2018
    • Canara Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from Canara bank as they have provided nominal rate of interest with zero processing fees . They instantly approved with 1-2 days . They gave the tenure period of 10 years .Payments get auto debited from my salary .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 10, 2018
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I've taken a personal loan from the ICICI bank for 4 Lacs, I got the loan with in week, the interest rate is low. I am paying an EMI of 9000 per month. It has been a pleasant loan experience with the ICICI bank. I never faced any issues during the application.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 10, 2018
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 3.0/5 "Satisfactory"
      They are giving the information about all the banks. The total channel service is there about all the banks. I have been using this bankbazaar website for 2 months. I had a mobile application is there in my mobile. But at times, the bank is asking me to submit the same set of documents which could have been avoided.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 10, 2018
    • IndusInd Bank Personal Loan
      "They have to help the needy people"
      0.5 1.5/5 "Bad"
      They rejected the personal loan and the reason being components of salary. they are not charging for provident fund. I have applied the loan amount of 7 lakhs and now I'm not interested to take that loan anymore. I never called their customer care services. The documentation process is okay. I never visited the branch and through online only i have applied the loan. They have offered me interest rate of around 13%. They did not inform the proper procedure of applying for the loan too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 10, 2018
    • HDFC Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had taken this loan almost six years back and the services which they had provided had been good. The process in getting the loan had been good and the interest rate has been low as well. Their customer support also had been good as well, where in which even the loan amount can be negotiated and increased.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 09, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It had been a very good experience with them as they had made the process simple and easy and the loan amount also had been good. The interest rate which they had offered also had been good as well. There has not been any hassles faced with the banking services offered by them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 07, 2018
    • ICICI Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with ICICI bank 3 years back. The loan amount was 2.66 lakhs and the interest rate was satisfactory . The customer service and responses was good.I have not faced any inconvenience with the service here . My overall experience was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 05, 2018
    • Bank Bazaar Personal Loan
      "super service"
      0.5 4.0/5 "Great!"
      My experience was really good with BANK BAZAAR . The customer service and responsiveness was good. The website is really user friendly and easy to navigate . The web portals accuracy and speed is good so I would like to recommend to others...
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 05, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with ICICI bank. They have kept my loan process on hold due to my salary issue. The loan amount was 3,20,000 and the interest rate was satisfactory . The customer service and responses was up to the mark.My overall experience was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 05, 2018
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      Got my personal form Hdfc bank , as the rate of interest is nominal one . Making the payments through Ecs they gave the tenure period of 3 years . Got approved as instant approval process and there are no processing fees for the personal loan. Their customer service and response is good regarding personal loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 04, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank and my experience was good, the loan amount was for Rs 5 lakhs with nominal interest rate when compared to others. They charge 2% of the principal amount for preclosure. Customer service was good and the tenure for this loan is 5 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 03, 2018
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      Got my personal form Hdfc bank , as the rate of interest is high of 12.5% . Making the payments through Ecs . Got approved in just half day as instant approval process. There is processing fees of rs 560 for the personal loan with tenure period of 36 months . Their customer service and response is good regarding personal loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 03, 2018
    • ICICI Bank Personal Loan
      "Slow process"
      0.5 0.5/5 "Unacceptable"
      i applied PL through online on 27th june and today its 3rd july, still amount not credited into my account. i have given all the documents to the executive too. even customer care people are not failed to answer properly about the late. icici delays the process very much
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 03, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      From Citi bank i got personal loan , where the rate of interest is high when compared to other banks . Its instant loan approval process where the documentation has been done so quick and the amount reflected in my account . There processing fees is so high . I have chosen the tenure period of 3 years . Customer service and response is good compared to other bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 03, 2018
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I have taken personal loan from the Hdfc bank for 3.8 lakhs . Am not satisfied with the rate of interest which they have provided is 16% but they have promised to give 13 %. They charged for processing fees with the tenure period of 5 years . Am overall not satisfied with their customer service and response.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 03, 2018
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