Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Hyderabad Personal Loan
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    Interest Rate Range
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    Tenure Range
    10.99% - 17.99%
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    1-5 Years
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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
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    11.49% - 18.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
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    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    11% - 16% Fixed
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    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.00% - 18.25% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
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    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
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  • Hyderabad Personal Loan is Rated as "Great!" by 10552 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 20 Nov 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

    • HDFC Bank Personal Loan
      "Need to reduce ROI"
      0.5 4.0/5 "Great!"
      My personal loan experience was good with HDFC bank, the process was quick and i received my loan amount on time. The loan amount was for Rs 1.6 lacs with high interest rate when compared to other banks. Tenure period for this loan was for 3 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 20, 2018
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My experience with HDFC bank for personal loan was good, rate of interest was nominal when compared to other banks. Customer service was good and their response was on time. The loan amount was for Rs 10 lacs with the tenure period of 60 months.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 20, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      This was my first time experience with bankbazaar and it was not up to the mark, initially the follow up was very good with bankbazaar but on later stage there was no proper follow up. The website of bankbazaar is easy to use and is user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 20, 2018
    • Kotak Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      My personal loan experience was good with KMB, there was delay in collecting the documents so it took 10 days to receive the loan amount. I requested loan amount for Rs 3.5 lacs but they gave only Rs 1 lac with high interest rate. Customer service was good and they responded on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 20, 2018
    • HDFC Bank Personal Loan
      "Best in Need"
      0.5 5.0/5 "Blown Away!"
      I was in need of Personal loan and at that moment i was cross checking banks who provide reasonable interest rates and i found HDFC giving Reasonable interest rates. Loan tenuity is 3 years and i am pretty much comfortable with their services.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 19, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar service is good, i have applied my credit card from bank bazaar first time recently only, customer support team is good they use to follow up with me regarding my credit card which i have applied,i came to know about bank bazaar service as i was surfing net for credit card this page got appeared but one thing i got disappointed the call flow is too high. apart from that service is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 19, 2018
    • Cashe Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with Cash E bank, the rate of interest they have charged was nominal ,and the loan amount which they have given me was less as per my expectation , and the processing fee they have charge me was nominal ,it have been just 15 days i have got this loan amount.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 19, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using this service for a couple of month,there service is very good they provide exact details which i need and even they suggest me which in best and they prompt good products and even they use to do follow up with the product which i have applied, and i came to know about this service through on line .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 19, 2018
    • Early Salary Personal Loan
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Early salary, there service is not up to the mark, like they have delayed in giving loan amount and it have been just 1 month, there rate of interest they have charged me is 18% and there is no processing fee they have charged me and they have given me sufficient loan amount.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 19, 2018
    • Citibank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been pre-approved loan and the process in getting this loan has been simple and easy. The loan amount whcih they had provided has been sufficient and the interest rate with them has been nominal which was around 11%. There has also been some nominal processing fee with them as well.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 19, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan with ICICI bank, the loan amount they have given me was sufficient and the rate of interest they have charge me was up to 11.5% it was nominal and the processing fee they have charged me was nominal it was below 2000 and i have took loan for 2 years, and there overall service was good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 19, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I know bankbazaar.com from last 2 months, my experience was good so far with bankbazaar. Customer services provided by bankbazaar is good and their response was prompt. The website of bankbazaar is easy to use and is user friendly.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 19, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with ICICI bank and my experience was good, the loan amount was for Rs 3.4 lacs and the rate of interest was little high when compared to others. Customer service was good with ICICI bank and the tenure period is 5 years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 19, 2018
    • ICICI Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My experience was good with ICICI bank for personal loan, the loan amount was received within 10 days and the process was smooth. The loan amount was for Rs 1.5 lacs for 3 years with nominal interest rate. Customer service was good and they responded on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 19, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I came to know about bankbazaar through google, i applied for the loan from the link which i received from bankbazaar. Customer service was very good with bankbazaar and their response is on time. Website is easy to use in bankbazaar.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 19, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a good experience with TATA CAPITAL for personal loan, the processing time took 25 days to complete as there were holidays in between. Rate of interest was nominal when compared to others and the loan amount was for Rs 1 lac with tenure period of 2 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 19, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My experience was good so far with bankbazaar, the services provided by bankbazaar is good when compared to others in the market. Customer service is fine with this bankbazaar and they responded on time. Website is easy to use and it is very much user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 19, 2018
    • Cashe Personal Loan
      "Needs to improve"
      0.5 5.0/5 "Blown Away!"
      The process was quite long with CashE personal loan application, it took 1 month to disburse the loan amount. Customer support was not up to the mark and their response was delayed. The loan amount was or Rs 8000 with nominal interest rate and the tenure period is 1 month.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 19, 2018
    • ICICI Bank Personal Loan
      "Not satisfied with ICICI loan services"
      0.5 3.0/5 "Satisfactory"
      I have applied the loan amount of Rs. 2.5 lakhs with ICICI. Since the process was taken for a long time hence i have rejected the loan. It was a bad cusotmer care service from ICICI. When i applied with the different interest rate but they have provided the different interest rate. I'm not sure about the processing fee. They have to do a process fast to the customer.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 18, 2018
    • HDFC Bank Personal Loan
      "One click to avail the personal loan"
      0.5 5.0/5 "Blown Away!"
      Six months back, there were special interest rate for the accenture employee. They have provided the interest rate of 10.99%. Every amount will be informed to the customer when i applying for the loan itself. There is no documentation is required since my salary has been credited in HDFC. I have taken the loan amount of Rs. 1.5 lakhs. I'm not sure about the pre-closure and partial payments.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 18, 2018
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