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% - 15.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Customer Reviews
    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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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    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 Paperless approval available
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    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
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    13% - 21% Fixed
    Up to 2%
    Upto 25L
    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
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + 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
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    What you'll love
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    Good to Know
    Eligibility Criteria
    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
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
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    Perks
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    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
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  • Hyderabad Personal Loan Reviews

    • ICICI Bank Personal Loan
      "Very much happy with the service"
      0.5 4.0/5 "Great!"
      The main highlight of ICICI Bank personal loan is quick processing. ICICI took very less time to process the personal loan request. I am very much happy with the interest rate and processing fee charged by ICICI Bank. Furthermore, ICICI took hardly 3 days of time to disburse the funds after submitting my documents.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 22, 2017
    • HDFC Bank Personal Loan
      "Approachable bank"
      0.5 4.5/5 "Excellent!"
      HDFC bank provide me the personal loan with 11.39% rate of interest. It just taken one week to disburse the loan amount. The total amount i received from bank was 3.94 lakhs were they deducted the processing fees and the GST. I had a negotiation to reduce the RIO from 12 to 11.39%. At last they gave me for the same.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 22, 2017
    • Citibank Personal Loan
      "Not Approachable for personal loan"
      0.5 4.0/5 "Great!"
      I applied for a personal loan with CITIBANK. The provided rate of interest was 12.75% with a processing fees of 2.7% of the loan amount so it may really comes around 20000. So cancelled the request with CITI bank and applied with HDFC bank were they provided me with low rate of interest and 1.2% processing fee.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 22, 2017
    • Bank Bazaar Personal Loan
      "Useful website"
      0.5 4.5/5 "Excellent!"
      From Google i found bankbazaar website while doing some search for personal loan. I have experienced the online application of bankbazaar, That is good and have lots of banks.The executives are very good and supportive. The website was really helpful and easy to navigate.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 22, 2017
    • Bank Bazaar Personal Loan
      "Useful website"
      0.5 4.5/5 "Excellent!"
      From Google i found bankbazaar website while doing some search for personal loan. I have experienced the online application of bankbazaar, That is good and have lots of banks.The executives are very good and supportive. The website was really helpful and easy to navigate.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 22, 2017
    • Bank Bazaar Personal Loan
      "Useful website"
      0.5 4.0/5 "Great!"
      I came to know about Bankbazaar through Google. I have the mobile application of bankbazaar.The executives are very good and supportive. The website was really helpful and easy to navigate. We can find what ever we need. I would recommend bankbazaar to others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Approachable bank"
      0.5 4.0/5 "Great!"
      From ICICI BANK i have requested for a personal loan. I receive my salary only through my salary account but my company would not provide any salary slip. ICICI bank executive informed me only if i can able to produce the salary slip they can proceed the loan application.,
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 22, 2017
    • Bank Bazaar Personal Loan
      "Services are good"
      0.5 4.0/5 "Great!"
      The experience at Bankbazaar is good and the overall service is satisfactory. They kept following up when there was a delay at the bank and checking about my status. The website is good and it is supportive to register and submit my requirement.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 22, 2017
    • Citibank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      It was not a very good experience with Citibank for the personal loan and the process was very lengthy. The whole process took around 40 days. The bank as such is good but this kind of delayed process is not appreciated. The interest rate and charges is also not satisfactory.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 22, 2017
    • Bank Bazaar Personal Loan
      "good service "
      0.5 5.0/5 "Blown Away!"
      I liked service nice communication on Daily basis ,I satisfied at all time thank you so much bank bazaar ,I always welcome to lift your call thanks a lot. ,please accept my documents and approve my request for loan it's very urgent to me thanks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 21, 2017
    • Bank Bazaar Personal Loan
      "Userfriendly and Good website"
      0.5 5.0/5 "Blown Away!"
      The customer service is really good in Bank Bazaar, initially they have coordinated well and they gave me immediately response, they taking care of the customer through out the process. I am using Bank Bazaar user interface its good to browse.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 21, 2017
    • Citibank Personal Loan
      "Looking for better offer"
      0.5 4.0/5 "Great!"
      I have requirements around 20 lakhs but CITI bank ready to sanction the amount of Rs.10 lakhs. There was no use to take low principal . Hence I dropped the plan because my needs was not fulfilled. I would like to suggest them to process high principal amount.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 21, 2017
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Received a personal loan from ICICI bank very recently. They have disbursed my loan amount within 7 working days. The required loan amount has been disbursed by ICICI bank. The rate of interest is nominal when compared with others banks. This loan has the tenure of 3years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 21, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The bank bazaar customer support has gave me a immediate response in regards to my personal loan application. I am customer of bank bazaar for past 1 year. The website of bank bazaar is easy to use and user friendly. Overall bank bazaar gave me a good service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 21, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The HDFC bank executive have told that my credit score is low to process with my personal loan application so that was the reason I haven't proceeded with the HDFC bank personal loan. The rate of interest which they have offered was nominal when compared with other banks .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 21, 2017
    • ICICI Bank Personal Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      ICICI is one of the leading banks also they are very costly. Interest rate charged by ICICI Bank is very high which is 18-19% for the personal loan. I am sure after 6 months customer would switch over to another bank which provides lower rate of interest as the competitive is very tough,
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 21, 2017
    • Bank Bazaar Personal Loan
      "GOOD TO SUBMIT ALL MONEY NEEDS"
      0.5 5.0/5 "Blown Away!"
      I HAVE BEEN USING THIS SITE FROM LAST TWO YEARS THROUGH I GET CREDIT CARD ,I have a good impression on Bank bazaar as they are very best in customer service and immediate responses.AND ONE PLATFORM TO ALL BANKS IS GOOD FOR THE CUSTOMER TO SEARCH ALL REQUIRED.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 21, 2017
    • Bank Bazaar Personal Loan
      "Satisfied"
      0.5 3.0/5 "Satisfactory"
      Bankbazaar.com is really good one and there are no negative feedback to them. From the last three to four months of time, I am using Bankbazaaar.com. Through Google search only, I came to know about Bankbazaar.com.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 21, 2017
    • Standard Chartered Bank Personal Loan
      "Not satisfied"
      0.5 2.5/5 "Just OK"
      I am not really satisfied with the Standard chartered bank because the EMI was huge one for me. Response was fine one and I dont have any issues on it. Customer service is fine one with the Standard chartered bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 21, 2017
    • Bank Bazaar Personal Loan
      "Its Userfriendly"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar service is good, their person have responded very good on my personal loan request, they helped to connect with the bank on the time. The website is easy accessing to go head for banking products like loans, cc etc. Its a simple site but its effective.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 21, 2017
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    Hyderabad Personal Loan is Rated as "Great!" by 8853 Users

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    Promised Interest Rate

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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 23 Sep 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. 


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