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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 11750 Users

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    Hyderabad Personal Loan Interest RatesUpdated on 21 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

    • 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? 1
      , hyderabad
      Reviewed on May 18, 2019
    • Axis Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan with the AXIS BANK where the rate of interest was nominal and also the documentation process was simple and easy to get the loan. The customer support and responsiveness is good with this loan and the overall service is good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 18, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I had taken my Personal loan from HDFC Bank a while back where the process in getting the loan was much easier. The interest rate with this loan was nominal when compared with the market rate and the charges made for this loan has been quite nominal as well. There was no hassles faced with the services of them so far.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 17, 2019
    • Kotak Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I had taken my Personal loan from KOTAK MAHINDRA BANK a while back and the experience had been pretty good. The process did not took much time and the loan amount has been sufficient. The rate of interest with this loan was quite nominal and even their staffs had ben quite helpful, the loan is still running.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 17, 2019
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had taken a personal loan from Bajaj Finserv a while back with a loan amount of 1,00,000 and the process in getting the loan was pretty much good. The interest rate with this loan was fine but the charges which they had made has been quite high. The loan is still running and their customer support team had been helpful at times.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 17, 2019
    • SBI Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan with the STATE BANK OF INDIA where the rte of interest was 12.75% with this loan also they have given the good loan amount added on that the customer support is good and they are responsive and helped to get the loan, the duration for repaying is for 60 months.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 17, 2019
    • HDFC Bank Personal Loan
      "Interest rate shoud be economical"
      0.5 4.0/5 "Great!"
      I took HDFC personal loan through third party, hence I think the rate of interest was higher side at the time. I availed the loan amount of Rs. 9 lakhs for the duration of five years, the process was good and I got the loan amount on time, I am very fine with them.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 17, 2019
    • ICICI Bank Personal Loan
      "Need to decreae charges"
      0.5 2.0/5 "Expected more"
      I have a taken a personal loan in ICICI bank for more than a year. The verification was done in delay , they have collected many documents and I received many calls. But I have not received the amount as per my expectation it was minimal only for the duration of 5 years. The rate of interest is high.They giving a prepayment charges.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 16, 2019
    • Axis Bank Personal Loan
      "Unique loan process"
      0.5 4.0/5 "Great!"
      I have personal loan running with Axis at this moment, the loan process was smooth. I got my disbursement within a week and they gave me competitive interest. I can preclosre the loan whenever I want and they have part payment without charge, such of features are not available in other bank.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 15, 2019
    • Axis Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The personal loan has been applied with the AXIS BANK and the documentation process was simple and easy to get the loan actually it was a pre approved loan so there is no hassle process. The loan amount given was 3L 10k with 13.75% of rate of interest with this loan.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 15, 2019
    • Bajaj Finserv Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      The overall experience with my personal loan from Bajaj Finserv had been good where the loan was taken a long time back and it is completed. The loan amount was sufficient and the interest rate with this loan was nominal. They had not made any sort of extra charges and their customer support executives where pretty much helpful at times.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 14, 2019
    • Bajaj Finserv Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I had taken a Personal loan from Bajaj Finserv a long time back and the experience had been pretty much good, the process was not lengthy and the loan was disbursed on the promised time. They had not taken any sort of extra charges and the interest rate with the loan was a little on the higher side. The staffs and executives of them had been pretty much helpful at times.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 14, 2019
    • HDFC Bank Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I had taken a Personal loan from HDFC Bank four years back and the experience i had with this loan was pretty much good. The loan amount has been sufficient and the interest rate was similar as the market rate. They had not made any sort of additional charges for this loan and their customer support executives had been pretty much helpful.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 14, 2019
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for Personal Loan directly with State Bank Of India .The rate of interest and the processing fee was nominal.The agent gave a clear picture about the loan process.I have received the loan amount on time without any delay .The loan amount was sufficient .I have applied for 56000 for the tenure of 1year and still the loan is on process will close it as early as possible .
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 14, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      i have applied for Personal Loan through HDFC Bank by online ,The rate of interest and the processing fee was nominal ,I have received the loan amount on time it was sufficient .I have applied for 2lakhs for the tenure of 4 years ,submitted the documents to the bank agent ,the agent gave all information ,closed the loan without any drawback .
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 14, 2019
    • HDFC Bank Personal Loan
      "Satifactory service"
      0.5 5.0/5 "Blown Away!"
      I had applied for a personal loan with HDFC BANK , i got that approved with in few days . The service given was good. The tenure period is fine . Customer service was good and they collected documents on time. The rate of interest is 16% . Overall it is good .
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 14, 2019
    • Syndicate Bank Personal Loan
      "Very good servivce"
      0.5 5.0/5 "Blown Away!"
      I have take personal loan with SYNDICATE BANK . The process of getting the loan was very simple it is like within 2 days i got my loan . The rate of interest is very nominal compare to other in the market and the loan amount which i require i got the same .
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 14, 2019
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I was taken a personal loan before 3 years ago, through an agent I have applied a loan in ICICI bank. As per my expectation i received a loan amount for the duration of 3 years. The rate of interest was nominal with this loan. The customer service is good and responsiveness. now I have closed the loan.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 14, 2019
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan in AXIS bank for more than a year. As per my expectation i got the loan amount for the duration of 5 years. The verification process was smooth. The rate of interest is nominal. There was processing fee when applied for a loan. I have done pre closure for the personal loan. The best in this bank is there is no charge for for pre closure and for part payment option.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 13, 2019
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had taken this Top Up loan from AXIS BANK a while back and the experience has not been that great. The loan amount was around 4,50,000 and the interest rate was around 19.5% which was very high. The processing fees has also been high and they had taken charges of 4200 as the insurance amount.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 12, 2019
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