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    Hyderabad Personal Loan

    Hyderabad is the capital of Telangana and is known as the cultural hub of south-east India. It has a variety of banks that offer personal loans at competitive terms and conditions. Home to major banks such as ICICI Bank, Citibank, HDFC Bank, etc. finding a personal loan in Hyderabad is as easy as it gets. Interest rates start from just 10.99% and the tenures extend up to 5 years, making it easy for you.
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    We found 33 Hyderabad Personal Loan
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    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.75% - 18.00% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
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    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
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    20% - 22%  Fixed
    2.50%
    2L Max
    1-3 Years
    Response Time : Within 30 minutes
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    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    Response Time : Within 30 minutes
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    11.25% - 21.50% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.25% - 19.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    Response Time : Within 30 minutes
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
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    11.25% - 22.00% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
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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
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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
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    Hyderabad Personal Loan is Rated as "Great!" by 11760 Users

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    Hyderabad Personal Loan Interest RatesUpdated on 27 May 2019

    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

    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.

    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

    Personal Loan Interest rates in Hyderabad 2019

    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

    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.

    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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    Hyderabad Personal Loan Reviews

    • review Personal Loan
      "Okay Loan services"
      0.5 5.0/5 "Blown Away!"
      Actually at the time of need, they have called me and there is a offer for personal loan and i am not bother about the interest rates at the time of the loan after that i come to know that the interest rate is high and the processing fee was there which is convenient to me. I have chosen the tenure period for 5 years. The applied loan amount is Rs. 1.50 lakhs and pre-closure option is there.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 27, 2019
    • RBL Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have been holding personal loan with RBL bank, i have not good experience with them, i took loan up to 1,00,000 they given as per my eligibility, they have charged me 50 % rate of interest which was very high, like i need to pay 2,00,000 to them which i felt was very very high comparing to other bank even they forcefully gave insurance to me.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 25, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had applied for a Personal loan with HDFC BANK and it got processed without any hurdle. Well i so not have to wait for long time it get it sanctioned and that was fine with me. The interest rate given to me here is reasonable as per my concern. I am happy that HDFC services .
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 25, 2019
    • Citibank Personal Loan
      "Great personal loan service"
      0.5 5.0/5 "Blown Away!"
      In 2012, i have taken my personal loan from CITI bank. Total tenure period is 4 year. They have provided me a interest rate which is average one. They have a processing fee of 2.5% and i paid the EMI for 4 years. I paid the loan amount of Rs. 3700 every month. I make the EMI amount through online.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 24, 2019
    • review Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have a taken my personal loan with BAJAJ FINSERV . The interest rate is very high here and tenure period is fine and i pay a monthly EMI . My Emi gets deducted from my account every month. Till date never had issue and interest rate can come down a bit.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2019
    • HDFC Bank Personal Loan
      "Good Loan services"
      0.5 4.0/5 "Great!"
      In the year of 2016, i got my personal loan from HDFC. Its a pre-approved loan and i never submitted any documents. I am not sure about the interest rates provided to me. I don't know about the processing fee right now. I have been paying the EMI of Rs. 52000 every month for the loan amount of Rs. 18 lakhs. I chosen the tenure period of 3 years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 23, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with HDFC BANK before 2 years back since its my salary account. The interest rate is okay and there was a processing fee. The loan duration is 5 years and need to pay the premium of 5000 for the following 3 years. The process was simple and they sanctioned the loan on time.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 23, 2019
    • HDFC Bank Personal Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I had taken a Personal loan from HDFC a while back and the process in getting this loan was quite simple. The loan amount has been 8.8 lakhs and 5 years tenure.there is no delay from banker end for disbursement,customer service is very good..
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 23, 2019
    • Kotak Personal Loan
      "Rate of intersted to be reduce"
      0.5 2.5/5 "Just OK"
      I have taken a personal loan in kotak mahindra bank before 2 months ago.based on credit card i got kotak mahindra person loan amount is 22000 ,But rate of interest is very high 16 percentage. The loan amount disbursed with 1 day it would be great if they reduce the rate of interest.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 23, 2019
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with HDFC bank from long time, the loan amount was sufficient , they gave me loan up to 10,00,000 which is very much high, they have not charged me any hidden charges, the emi i use to pay 35,152 every months on monthly basis, by October it will get finished my loan.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 22, 2019
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      My experience is good by taking the personal loan with the HDFC BANK for an while and they have charge nominal rate of interest up to 12.5% and even there processing fee is also nominal only, the loan amount which they have given to me was sufficient as per my requirement they have given to me and their customer support team is also very good.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 21, 2019
    • Bank Bazaar Personal Loan
      "Normal Service"
      0.5 3.0/5 "Satisfactory"
      The experience i had with Bank Bazaar has not been that great, i am using the services of them for the very first time for getting my personal loan through them. I would suggest them to provide better offers in personal loan with lesser interest rate. I feel that the offers provided by them should be much more better.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 21, 2019
    • Early Salary Personal Loan
      "Should have provided with a lesser interest rate"
      0.5 3.0/5 "Satisfactory"
      The process in getting my Personal loan from Early Salary has been quite okay but the interest rate with them had been very high when compared with the market rate. The processing charges ahs also been high and the loan has been closed as well. Overall i am not much happy with the services provided by them.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 21, 2019
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting my personal loan from State Bank Of India had been pretty much good where there has not been any issues. The loan amount has been fine and the interest rate was just 12.55%. There was no additional charges which they had made and the loan is still running without facing any sort of hassle.
      Was this review helpful? 3
      , hyderabad
      Reviewed on May 21, 2019
    • Capital First Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been applied for personal loan with Capital first , the loan amount which they have Given me was sufficient, the rate of interest they have charged me was nominal, they have charged me up to 10% which was nominal comparing to market price, the loan got within 2 days ,even their processing fee was minimal and they have take insurance with this loan.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 20, 2019
    • Capital First Personal Loan
      "Timely loan in emergency time"
      0.5 5.0/5 "Blown Away!"
      I just submitted the required documents for my personal loan to Capital first . Hardly they taken two days for sanctioning the loan . I am really thankful to them for helping me in emergency time . Even their interest rate is more comfortable for me .
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 20, 2019
    • HDFC Bank Personal Loan
      "Instant loan approval"
      0.5 5.0/5 "Blown Away!"
      HDFC has sanctioned the loan within less than 24 hours of time when I approached them . They understand the demand of the customer and with appropriate interest rate has given to me . I payed all the EMI on time and closed the loan without any penalty .
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 20, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been taken another personal loan with HDFC bank , The loan amount was sufficient, the rate of interest they have charged to me was nominal, they have given me good service, the loan came on time, i did not face any issue, they charged minimal processing fee, still this loan is running.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 20, 2019
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan with Axis bank , the loan amount which they have given to me was sufficient, it was based on my requirement, the rate of interest they have charged me was nominal, so far i did not face any issue, their processing fee they have charged me was minimal, still this loan is running,so far no any hidden charges.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 20, 2019
    • HDFC Bank Personal Loan
      "Good Loan services"
      0.5 3.0/5 "Satisfactory"
      They have dispatched the loan on time. I have salary account, hence i have chose the HDFC bank for my personal loan. I got a interest rate of 13% for the tenure period of 5 years. Took the loan almost 2 years back. I have submitted the documents through online. The EMI amount has been automatically deducted from my bank account.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 18, 2019
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