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 to ₹1,180
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    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
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    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    10.99% - 20.70% 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
    12.99% - 12.99% 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
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    Perks
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    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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    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 9487 Users

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    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 25 Nov 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

    • ICICI Bank Personal Loan
      "Interest and Charges has to be reduced"
      0.5 3.0/5 "Satisfactory"
      ICICI interest rate is quite higher than other banks, I availed the loan of Rs. 2 lakhs, they took 2% of processing fee and also they charged more than 16% of interest for the tenure of 3 years. I felt service is good but interest rate and charges has to be reduced.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 23, 2017
    • Axis Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      It was a personal loan I have taken with axis the customer service was very good they offered me a interest rate of 18.5 which was high compare to other banks in the market the customer service was fine and the documents part was easy they collected all my documents from my door step it was a average service from axis for my personal loan service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 23, 2017
    • Axis Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Through my axis credit card I got a personal loan offer from axis the documents part was easy they dont needed with much documents as I already have credit card with axis the verification part was easy and the interest rate and charges was fine it was a good experience with axis credit card service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 23, 2017
    • Citibank Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      CITI bank response is good they gave prompt service on personal loan. I took the amount of Rs. 7 lakhs for the tenure of five year, they offered me nominal interest rate as per the industrial standard. They do have part payment and preclosure option.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 22, 2017
    • HDFC Bank Personal Loan
      "Fast process"
      0.5 5.0/5 "Blown Away!"
      My first personal loan process was completed within five seconds. It was a pre approved loan which I could apply on the net banking. After I applied for the same I got the loan immediately. The rate of interest was around 15 to 16% which is on the higher side.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 22, 2017
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      It was a personal loan from HDFC Bank. It is a top up loan. The bank processed the loan within three to four days. The rate of interest was of 12% and the processing charges are normal. The interest rate is a bit on the higher side. The after loan process is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 22, 2017
    • andhra Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      Around 3 years ago I got the personal loan from andhra bank , The personal loan service was very good. They have disbursed my personal loan amount within 4 to 5 days of time. The customer support is good with the Andhra bank , they gave good response in regards to my personal loan application. I have got the required loan amount. The rate of interest and the charges were low with Andhra bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 22, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      My experience was quite good with bank bazaar. It is my first time I had used this site. Further I had also submitted the documents online. The mobile interface was quite easy to access and that is the best about this bankbazaar.com site... . .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 22, 2017
    • Bank Bazaar Personal Loan
      "Overall good"
      0.5 3.0/5 "Satisfactory"
      After I placed a request at Bankbazaar, I received a proper response and they processed my details to the bank. The website is good and there are no hassles in using it. There are various options to choose from and to compare. There were follow up calls too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 22, 2017
    • ICICI Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      ICICI Bank is overall good in the response. I had applied for a personal loan and they contacted me on time and informed me the necessary details. I could not proceed ahead because I did not have the pay slip as requested. The interest rate and charges are very much normal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 22, 2017
    • review Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The service from bajaj for my personal loan was very good the interest rate they quoted me was fine they where not needed with much documents as I already have a previous loan from bajaj I submitted only my adhar and cheques during the process it was totally a good experience with bajaj for my personal loan service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 22, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Hdfc bank.The loan amount is one lakh.The rate of interest is 15% low compared to other banks.Tenure is for 3 years.The monthly EMI is 3400,they had deducted processing fees of an amount 500.The net banking service is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 22, 2017
    • Capital First Personal Loan
      "Good coorpation"
      0.5 5.0/5 "Blown Away!"
      When a Personal Loan need raised Capital First quickly came into the frame and provided me with a Loan of Rs.55000. The process for the Loan was pretty short and had no slug aligned to it. The Rate of Interest of 16% is a bit high compared to the Market standard. The overall experience with them was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 21, 2017
    • HDFC Bank Personal Loan
      "Very Good service"
      0.5 4.5/5 "Excellent!"
      The personal loan service was excellent with HDFC bank, they have approved my required loan amount. They have disbursed my loan amount within 10 seconds of time, because it is an pre approved loan. I never submitted any documents in regards to my HDFC bank personal loan concern. The rate of interest and the charges are nominal with HDFC bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 21, 2017
    • HDFC Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with HDFC bank was good, they provided the services on time and there was no delay, the process was very smooth and easy, my loan amount was approved within 2 days. The loan amount was for Rs 2 lakhs with the rate of interest of 11% which was the best rate in the market. Customer service was good and they responded on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 21, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Bankbazaar provides good services on financial products when compared to all other banking websites. It was overall a good experience with bankbazaar so far. Customer service was good and their response was prompt. I use both mobile application and website, i find it is easy to navigate and it is user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 21, 2017
    • Tata capital Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from Tata Capital, my loan application was closed becausei have taken the personal loan from other bank. Customer service was good and they responded on time, regular follow ups was also done. When it comes to rate of interest, it was high when compared to other banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 21, 2017
    • Bajaj Finserv Personal Loan
      "Satisfied with the services"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv is very good when it comes to customer services. They were very quick in contacting me and check about my requirement. The response was overall good. I have taken a personal loan and the rate of interest was of 13% and the processing charges were also very much normal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 21, 2017
    • HDFC Bank Personal Loan
      "Very good services & response"
      0.5 5.0/5 "Blown Away!"
      The services at HDFC Bank is excellent in the process for the personal loan. I did not face any hassles and they are very clear in the process. I have taken a loan amount of 4.5 lakhs and the rate of interest was of 12.5% and the processing charges are normal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 21, 2017
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have a personal loan from HDFC the interest rate they offered me was fine the customer service was good the documents part was easy they dispersed my loan amount on time also I feel the charges of HDFC was fine compare to others in the market it was totally a good experience with HDFC for my personal loan service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 20, 2017
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