Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 Hyderabad Personal Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Fees & Charges
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    Eligibility Criteria
    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
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
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    Customer Reviews
    11.99% - 19.50% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
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    Perks
    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    1% - 2% One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.00% - 17.99% Fixed
    2.25% (min. ₹1149) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.85% - 11.85% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
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    Good to Know
    Eligibility Criteria
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.49% - 20.15% Fixed
    Up to 2%
    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
    11.5% - 13.25% Fixed
    0 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

    • Bank Bazaar Customer Support
      "Amazing Experience"
      0.5 4.5/5 "Excellent!"
      The executives are well behaved and polite.the end to end help they provide is commendable. There are lot many options to explore and the approval process is also smooth. The user interface is fantastic!The follow up calls after the submissions of application is great and helpful.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "Need Improvement"
      0.5 1.0/5 "Really Bad"
      The HDFC bank didn't gave the proper response in concern to my personal loan application, even I tried calling them but there was no response from the HDFC bank. The rate of interest is low when compared with others. It would be great if the HDFC bank gives prompt response to the customers.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      I got to know about bank bazaar through Google web search. I know it for the past 2 months. The customer service rendered by bank bazaar executive is really good and they are good when it comes to follow ups too . I had applied for a Personal loan through bankbazaar web site, which is easy to use and user friendly. I am completely satisified with their service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2017
    • ICICI Bank Personal Loan
      "Very Good service"
      0.5 4.0/5 "Great!"
      ICICI bank hardly took around 4 days of time to disburse my personal loan . The documentation process was done in a processed way. The rate of interest is very much nominal, when compared with others. The required loan amount was disbursed by ICICI bank and I am happy about the loan amount. To summarize, I would say I am very much satisfied with the ICICI Banking service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I had also applied for the Personal loan with ICICI bank, I had compared the Interest rate offered by HDFC and ICICI bank, I thought ICICI bank was ready to offer the loan with lesser interest rate, so I have choose the best, that was the reason I haven't got the loan from HDFC bank. The customer service rendered by HDFC bank was good. They have explained me about the product and the rate of interest is high with HDFC bank. To conclude, it was a good service offered by HDFC Bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2017
    • Bank Bazaar Customer Support
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      A year ago I came to know about bank bazaar. I got to know about bank bazaar through a referral. I had applied for a personal loan through bank bazaar mobile application which is easy to use and customer friendly. The customer service is helpful to get in touch with the bank partner. It was a very good experience that I had with bank bazaar.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Citibank Personal Loan
      "Need Improvement"
      0.5 4.0/5 "Great!"
      I didn't get the personal loan from CITIBANK. I got the call from Citibank executive in a day's time. They told me to submit the documents to the executives but no one turned up and finally I got a text from CITI saying that my personal loan application got cancelled. They haven't revealed the reason why they have cancelled my application. The rate of interest is high , when compared with others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      The services provided by Bankbazaar has been perfect and the overall experience has been good. I had no hassles and the team was helpful right through the process. The website is also user friendly and very useful to a customer. The follow up calls also needs to be appreciated.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Tata capital Personal Loan
      "Be consistent in details"
      0.5 5.0/5 "Blown Away!"
      I had taken a personal loan from Tata Capital and I have no issues with the whole process to get the loan through. I was initially informed an interest rate of 11.99% and after the loan was disbursed I received the loan letter with a interest rate of 12.26%. I tried reaching the toll free number, but there is no response. I also tried sending them email, I received a response back that my ID is not registered. I also tried the sales guy who collected my papers, he says he is not the right person.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Bajaj Finserv Personal Loan
      "Proper Process"
      0.5 5.0/5 "Blown Away!"
      I availed the personal loan from Bajaj. The loan amount was 1.5 lakhs and the interest rate is very normal. I do not remember the rate but it is nominal. I directly approached them and they provided the loan. I just submitted the required documents in order to get the loan and Bajaj disbursed the loan without any hassles.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • HSBC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Its been 6 months now, since I availed a personal loan from HSBC bank. They have disbursed my personal within 7 to 8 days of time. The process was quite easy to get the personal loan from HSBC bank. The rate of interest is nominal when compared with others. The customer service of HSBC can be improved and the interest rate can be reduced in future. I can do a balance transfer with the HSBC personal loan after 12 months. I would certainly say HSBC is very good in providing service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Very Good service"
      0.5 4.0/5 "Great!"
      Bank bazaar provides the different options to the customers. It is easy to the customers to choose the best financial products with the help of bankbazaar in the market. I came to know about bank bazaar through web search. I am aware of bankbazaar for past 6 months. I have applied personal loan through bankbazaar web site, it was easy to use and user friendly. I am happy with the bankbazaar service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I got a call related to the personal loan balance transfer from Citibank. I got confirmation from Hsbc that I can do a balance transfer after 1 year. The rate of interest is nominal with Citibank, which is comparable. So that was the reason I can't proceed with the Personal Loan with Citibank. I can say it was good service with Citibank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • HDFC Bank Personal Loan
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      I approached the HDFC through my personal banker, from Bangalore zone I used to get a call from Relationship manager. I have requested for personal loan, within three to four days they have disbursed the amount. I have submitted the documents through online. I have taken the amount of Rs.2 lakhs for three years. They gave interest 11.49% and taken Rs.1000 as processing fee from disbursement.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2017
    • Bank Bazaar Customer Support
      "Good financial guide"
      0.5 4.0/5 "Great!"
      I applied Citi bank credit card and Axis bank credit card through Bank Bazaar, it got processed immediately, I am always getting good response for any query. the website is good, it would be if its more simpler to use for any financial products.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2017
    • Standard Chartered Bank Personal Loan
      "Loan policy should be changed"
      0.5 1.0/5 "Really Bad"
      I am holding salary account with Standard Chartered, Every month Rs.70,000 gets credited in my account. But they have not consider my transaction, they simply rejected my loan application. I recently I joined in new office, they offered me SCB salary account. But they were six months of bank statement, I am unable to provide hence they rejected it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      Response is very much instant with bankbazaar. I got a call from bankbazaar customer service with an hour they contacted me, took my details and processed my requirement . Support team of bankbazaar is very good both customer support and email support.The Website is very much easy to use and user friendly. Bankbazaar is a good portal to choose the best financial product in the market.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2017
    • Kotak Personal Loan
      "Need Improvement"
      0.5 2.0/5 "Expected more"
      At the start I applied for a loan amount of 1,30,000, next day I was in need of 2,80,000 but KOTAK had disbursed 1,30,000 much before that. I was trying to reach the executives but none turned up. They simply sent me a text message stating that the executives would get in touch with me after 5 days of time. Therefore KOTAK needs to be more customer oriented. As far as the rates are concerned it is low when compared with others in the market.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2017
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      The process with BAJAJ FINSERV personal loan was good. The executives came to my place at times to my office to collect the required documents to proceed with the personal loan. I am happy about the loan amount. The required loan amount was disbursed . Within 4 to 5 days they have disbursed my loan. The rate of interest is high, when compared with others. I am satisfied with Bajaj Finserv.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2017
    • Bank Bazaar Customer Support
      "Better portal to use"
      0.5 4.0/5 "Great!"
      The bank bazaar portal is very helpful to me, It gave a very good experience in concern to my personal loan application. The customer support was very good and they helped me to get in touch with the bank partner. The bank bazaar portal is really helpful to compare and choose the products in the market . The mail support is one of the coverage area where many customers covers based on attractive mails sent by bank bazaar. The bank bazaar portal is easy to use and user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2017
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    Hyderabad Personal Loan is Rated as "Great!" by 8319 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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 25 Jun 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
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