Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 Hyderabad Personal Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 15.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
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    Perks
    Think about
    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.1,000 Amazon voucher free Paperless approval option available
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    0 One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
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    Good to Know
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    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.70% - 11.70% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
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    Good to Know
    Eligibility Criteria
    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option 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.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
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  • Hyderabad Personal Loan Reviews

    • Bank Bazaar Customer Support
      "Good financial website"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is awesome they giving good response to the customer, I am pretty happy to use the site for the banking products. Even the response wise its great, they called me and gave prompt and genuine service from their end on my loan process.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I am not fine with foreclosure charges for personal loan in Standard Chartered bank it was not suitable for me. Because my requirements for short term I may close the loan at any time hence I thought not to process with Standard Chartered. But service wise they are good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Bajaj Finserv Personal Loan
      "No additional charges"
      0.5 5.0/5 "Blown Away!"
      Processing fee for the personal loan is around 2000 from Bajaj Finserv. There was no extra charges taken from Bajaj Finserv. Interest rate is 17.5% which is bit high but then they processed the loan on time. I got good and fast service from Bajaj Finserv.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Bank Bazaar Customer Support
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar provided the best service for my loan process. When I applied for the loan, the called me in the next one or two days and collected all the required information from me in order to process my loan application. Their website is very very easy to use.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Fullerton Personal Loan
      "High charges"
      0.5 5.0/5 "Blown Away!"
      Fullerton had collected so many charges like documentation charge, processing fee and few other things. WHen I asked them about a lot of charges, they simply said that they are not a government sector for collecting minimum charges. So I could not say anything to them. Apart from charges, their interest rate is also high. They said they would take around 3000 for processing and other process, but overall they took 14000 for office verification, residential verification and document verification. But they sanctioned the loan on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Bank Bazaar Customer Support
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I didn't see any technical flaw with bank bazaar. The website of bank bazaar is easy to use and user friendly. The customer service of bank bazaar is really good. The follow up which was given by bank bazaar was good. I am satisfied using bank bazaar service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I was channelized in other way to get the loan so that was the reason I haven't proceed with Standard Charted Bank personal loan. The response which was given Standard Charted was good and I would say they are prompt in their service. The rate of interest is nominal with SCB.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Bank Bazaar Customer Support
      "Preferrable Service"
      0.5 5.0/5 "Blown Away!"
      I preferred bankbazaar.com for my loan requirement. I filled online form for the loan and submitted. The website was simple I did not struggle any where while filling the form. I received proper service from bankbazaar and I got the loan without any hassles with the help of bankbazaar.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Capital First Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      My experience with Capital First is good and nothing went wrong with my personal loan process. Moreover, Capital first provided the loan with good interest rate and I am happy with Capital first for the loan process. I like the way of they provide response.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • HDFC Bank Personal Loan
      "Customer's friendly process"
      0.5 4.0/5 "Great!"
      Its a good experience with HDFC, they collected my documents on time. Since I am an existing of the bank they processed my loan within three working days. I got the interest rate of 11.49% for the principal amount of Rs. 8 lakhs but I already taken 3 lakhs hence they processed it for Rs.5 lakhs, it got credited.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Bank Bazaar Customer Support
      "Good financial advisor"
      0.5 5.0/5 "Blown Away!"
      I got immediate response from Bank Bazaar, its a only website I can see all the information I really liked it. I could access all the financial products like, credit card, personal loan, etc. Its a single platform to search all banking related information.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Citibank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      When I applied for the personal loan in Citi bank, I received the mail stating that, my loan application got closed based on their credit aspects. At the time I have CITI credit card bills have to be paid within 4 to 5 days. If I fail to do that, my credit score gets affected. Hence I denied to take loan from CITI, I contacted my existing bank of HDFC they have processed my loan within three days.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Bank Bazaar Customer Support
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I would say bank bazaar helped in supporting in concern to my personal loan application The services offered by them has been good and the overall experience is fine. I am completely happy with the level of service offered by them. The website of bankbazaar is very much easy to use and user friendly and this was my first experience too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Tata capital Personal Loan
      "GOOD SERVICE"
      0.5 3.5/5 "Pretty good"
      The process for my personal loan was completed on time by Tata capital. I had no issues on that. They had offered me an rate of interest for about 11%. I also received the loan amount I needed and the tenure is for a period of 6 years of time and the loan got disbursed with in 1 week of time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Axis Bank Personal Loan
      "Very wonderful experience with AXIS"
      0.5 5.0/5 "Blown Away!"
      I got best offers from AXIS, their customer service is also very fast and prompt., they have disbursed the loan amount within the time. Compared to other banks, AXIS gave least interest rate and there was no preclosure charges and part payment options too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Bank Bazaar Customer Support
      "Good financial advisor and easy to navigate"
      0.5 5.0/5 "Blown Away!"
      I got very good response from Bank Bazaar, its very transparency about the bank offers. I came to know about the exact information of personal loan like interest, Emi, tenure everything. The site is easy to navigate, I would definitely recommend this site to others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Citibank Personal Loan
      "Below average"
      0.5 1.0/5 "Really Bad"
      I didn't get the proper response on time from CITI Bank, When I placed the request for personal loan they contacted me after three days. That's the reason I could process with CITI, meanwhile I got offer from axis they they don't have preclosure charges but CITI all charges are applicable. I would like to suggest CITI Bank should provide the service on time to avail it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Standard Chartered Bank Personal Loan
      "Good deal and quick process"
      0.5 5.0/5 "Blown Away!"
      It was a good process and it was on time and well communication is really good when it comes to SCB. The documents was collected at one shot. The rate of interest was around 10.9% and there was no processing charges. The overall experience was fine.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • Bank Bazaar Customer Support
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      The bank bazaar was very much helpful with regards to my personal loan application. Response provided by Bankbazaar.com was really quick. Also, I am very much satisfied with the overall experience even their mobile app is really good and user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
    • ICICI Bank Personal Loan
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      Interest rate for the personal loan with the ICICI bank was around 10.99% and the processing charges were a six thousand. I got the amount got disbursed into my account within three business days from the day when I applied the loan I have applied for 2.50 lakhs.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2017
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    Hyderabad Personal Loan is Rated as "Great!" by 8521 Users

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    Personal Loan BYTES FROM OUR KITCHEN
    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 17 Aug 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. 


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