Multiple banks. Different interest rates. Call it a "conflict of interest".
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% - 16.99% Fixed
    Up to 0.5%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher free Ad
    What you'll love
    Documents
    Perks
    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.2,000 Amazon Voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0 to ₹1,180
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    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
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12.99% - 12.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 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. ₹1,499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    10.99% - 17.99% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.00% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Hyderabad Personal Loan is Rated as "Great!" by 9679 Users
    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 18 Jan 2018

    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 2018

    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. 


    Hyderabad Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I came to know about bankbazaar through mail, the services provided by bankbazaar is good when compared to all other banks. This was my first time experience with bankbazaar and it was good. Customer service was fine and their response was prompt. The website of bankbazaar is easy to navigate and is user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2018
    • Tata capital Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan application was approved by TATA CAPITAL and the experience was good. The loan amount is for Rs 2.01 lakhs with the rate of interest of 12.51% which is nominal when compared to all other sources. The process was very quick and i received my loan amount within 4 days. They did not charge any processing fees and the tenure of this loan is 2 years. Customer service was good and they always respond on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Got the personal loan from HDFC bank around a year ago and they have approved the loan amount of Rs,85,000 and I am satisfied with it. The customer support service is good with the HDFC bank. Their interest rate and the charges are average when compared to others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 16, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a good experience with bankbazaar so far, they provide good services when compared to all other banking websites. I know bankbazaar.com from last 2 months. Customer service of bankbazaar was good and their response was prompt but i receive so many calls for the same product. The mobile application of bankbazaar is easy to access and is user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 16, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan application approved with TATA CAPITAL and the experience was quite good. The process was bit delayed and it took 10 days for the loan amount to get disbursed. Customer service was good and they provided door step service to collect the documents. The loan amount is for Rs 1 lakh with the rate of interest of 12.75% which is high when compared to other sources. They collected some documentation fees and the tenure of this loan is 1 year.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 16, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      This was my first time experience with bankbazaar and it was good, the services provided by bankbazaar is good when compared to all other sources in the market.Customer service of bankbazaar is very good and their response is prompt. The mobile application of bankbazaar is easy to access and is user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 15, 2018
    • HDB Financial Services Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan application approved with HDB Financial services and the experience was very good. The process was very smooth and i received my loan amount within 1 week. Customer service was very good and they provided door step service to collect the documents. The loan amount was for Rs 3.70 lakhs with the rate of interest of 12.99% which is nominal when compared to other sources. They charged 1% as processing fees which is quite nominal. There are no hidden charges and the tenure of the loan is 5 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 15, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with bankbazaar so far, the services provided by bankbazaar is good when compared to all other banking websites. I know bankbazaar.com from last 3 years. Customer service was good and their response was also good. I am using both mobile application and website, it is easy to access and is user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 15, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My Personal loan application was approved with HDFC bank and the experience was quite good. The loan amount i requested for was for Rs 5 lakhs but it was approved only for Rs 3 lakhs. When it comes to customer service, it was good and they responded on time. Documents were submitted online and i received my loan amount within 1 week. The rate of interest is 10.99% which is nominal rate. The processing fees was nominal and the tenure of the loan is 5 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 15, 2018
    • Bank Bazaar Personal Loan
      "Good Platform & Excellent website"
      0.5 4.5/5 "Excellent!"
      I am using the bank bazaar for last 2 months. It was first time, I had applied for a personal loan. The process was very faster and good. The website was easy to navigate and user friendly. I checked my credit score which was more helpful. Its recommended to my friends.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 13, 2018
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      It was good with Standard Chartered Bank. The rate of interest was average. They offered around 11% where other bankers are doing it for 10.3% to 10.5%. The documentation process was good and it was collected by the executive at doorstep. I got 4.8L but my expectation was 8L.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 13, 2018
    • ICICI Bank Personal Loan
      "Interest rate to be reduced"
      0.5 3.0/5 "Satisfactory"
      One time I took a personal loan with ICICI Bank. I am not satisfied with the interest rate, they charge more. The IVR system has to be improved. I had completed this loan in the year of 2009. I have taken 60,000 rupees as a personal loan. I paid 16,000 rupees additionally for the 2 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 13, 2018
    • Bank Bazaar Personal Loan
      "Satisfactory & Happy service"
      0.5 5.0/5 "Blown Away!"
      I am really happy with bank bazaar service. I have been using the website for a first time to apply my personal loan. I came to know about the website through promotional emails. The customer service and response was very good. I used the online website which was user friendly and very simple to access.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 13, 2018
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I had taken my personal loan with Standard Chartered Bank. My first payment was not taken on right time so I had to go to the bank and paid the money which am not completely happy. The rate of interest was 12% which was reasonable. The executive came to place and collected the documents.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 13, 2018
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 4.0/5 "Great!"
      I had a good experience with bank bazaar. The customer service and response was fine. This is the first experience with bank bazaar, I had applied for a personal loan. I got to know about this website through internet. The UI is excellent and it is very much satisfactory. It is a hassle free service in all.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 12, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a good experience with HDFC Bank . They offered a good interest rate for my personal loan. The customer service and response was not completely satisfactory. The documentation process was very simple and the executive helped me a lot. The payment option was convenient and am paying through net banking.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 12, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Bank bazaar is a good platform for all the financial products , The customer service and responses was up to the mark. The web portal's accuracy and speed is good. The website's option like EMI calculator and credit score option was amazing . It would be great if they Improve good relationship with banks and they said its paperless documents but later I was asked to submit all the document which was a bit disappointing here.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 12, 2018
    • ICICI Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I have my personal loan with ICICI bank.The loan amount was 1.8 lakhs and the Interest rate was 10.99% which was average In the market. The EMI period was 2 years . They have said that its completely paperless but later I was asked to submit all the documents which is bit disappointing. My overall experience was very good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 12, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      The rate of interest was fine with Tata Capital. They offered a 5L with the tenure period of 60 months. I am paying premium around 11,000 rupees through ECS. The document collection was lengthy process. The part payment and pre closure options are better.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 11, 2018
    • Bank Bazaar Personal Loan
      "Excellent website"
      0.5 5.0/5 "Blown Away!"
      The customer service and response was excellent with bank bazaar. I am very much satisfied and happy. I have been using the website for past one year but this the first time I had taken a personal loan. The options are simple on the website and easy to access.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 11, 2018
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