Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    We found 0 State Bank of Hyderabad Personal Loan Eligibility Calculator
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    State Bank of Hyderabad Personal Loan Eligibility Calculator is Rated as "Great!" by 17 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    State Bank of Hyderabad Personal Loan Eligibility Calculator

    Apply for Personal Loan

    About State Bank of Hyderabad Personal Loan

    State Bank of Hyderabad (SBH) is a major financial institution in the country, offering multiple financial products and solutions to its clients. The personal loan scheme of State Bank of Hyderabad offers multipurpose unsecured personal loans designed to meet any general financial requirement of a customer. A hassle free loan application process and competitive interest rates make the State Bank of Hyderabad personal loan one of the most sought after loans in the country.

    State Bank of Hyderabad Personal Loan Eligibility

    Applicants who wish to apply for a State Bank of Hyderabad personal loan are expected to satisfy the following eligibility criteria.

    Salaried Individuals (Government Sector)

    • Employed – Applicants should be employees of a government undertaking or profit making PSU.

    • Minimum Service – Applicants should have a minimum work experience of 3 years in the current organisation.

    • Minimum age – Applicants should be at least 21 years old.

    • Maximum age –Applicants should not be over 55 years or they should have at least 36 months of service left.

    Private Sector

    • Employed – Applicants should be employees of recognised private sector companies.
    • SBH account – Applicants should have a State Bank of Hyderabad account.
    • SBH rating – Applicants should have a SBH rating between 1 and 3.
    • Minimum service – Applicants should have worked in their current organisation for a minimum of 3 years.
    • Minimum age – Applicants should be at least 21 years old.
    • Maximum age – Applicants should not be over 55 years or they should have at least 36 months of service left.

    Factors affecting State Bank of Hyderabad Personal Loan Eligibility

    The eligibility criteria for a State Bank of Hyderabad personal loan can be affected by multiple factors, some of which are mentioned below.

    • Income – The loan repayment capacity of a borrower depends on his/her income and applicants with higher income stand a better chance of getting a loan approved.
    • Age – Young applicants might find it hard to obtain a loan as banks view them as being experimental with their jobs. Applicants approaching their retirement age could also find it hard to get a loan as their repayment capacity might decrease post retirement.
    • Employment history – Applicants with a stable job history and work experience would find it easier to obtain a SBH personal loan, as it increases their credibility.
    • CIBIL score – SBH checks out the CIBIL score of an applicant before sanctioning or rejection their loan application.
    • Relationship with SBH – A healthy banking relationship offers key insights into an applicant’s financial background, helping the bank gauge him/her.
    • Existing debt – Any existing debt implies financial burden on the applicant till it is cleared, which could impact the repayment of a new personal loan.
    • Type of employment – Loan applications from permanent employees would be favoured compared to those from temporary employees, as permanent employees have job security and a steady source of income.

    How CIBIL score affects your State Bank of Hyderabad Personal Loan Eligibility

    State Bank of Hyderabad relies on the CIBIL score of an applicant to gauge his/her financial credibility before sanctioning/rejecting a loan application. A high CIBIL score indicates a good financial history, improving the chances of getting the loan sanctioned. Applicants with scores over 900 are almost always looked upon favourably, with extremely low chances of rejection.

    A CIBIL score also reflects the credit an applicant has built up, including details of previous loans, available credit, credit utilization and delays in loan repayment, if any. All these factors offer an understanding about the applicant, allowing State Bank of Hyderabad an opportunity to filter out any financially unstable applicants. Individuals with average CIBIL scores would rely on other factors like their relationship with the bank to improve their chances of getting a loan.

    Applicants with a poor CIBIL score are likely to be rejected as such applicants can default on payments, putting the loan amount at risk, a risk which State Bank of Hyderabad would rather avoid.

    How to increase State Bank of Hyderabad Personal Loan Eligibility

    • Longer tenure – A Longer tenure ensures the EMI reduces, allowing an applicant more time to pay off the loan without putting extra strain on his/her income.
    • Mix of secured and unsecured loans – A mix of both secured and unsecured loans indicates that an applicant is confident about attaching assets and has no intention to default on payments.
    • Prepayment – Prepaying any existing loans will leave an applicant with more disposable income, increasing the chance of obtaining a loan.
    • Timely payment – Timely payment of EMIs and credit card bills helps improve the credit rating of an applicant, in turn improving the CIBIL score.
    • Limiting the loan amount – Getting a higher loan amount approved is harder, with banks exhibiting caution in such cases. It is easier to get a loan for smaller amounts, as there is less risk involved in approving such loans.
    • Cutting down applications – A large number of loan applications would hamper the chances of getting a SBH personal loan approved as they make the applicant look desperate for money, lowering overall credibility.

    FAQs on State Bank of Hyderabad Personal Loan Eligibility

    Q. What is the maximum personal loan amount sanctioned by State Bank of Hyderabad?

    A. The maximum loan amount is Rs. 7.5 lakhs. This loan amount is limited to Rs. 5 lakhs for first time borrowers.

    Q. Are NRIs eligible for this loan?

    A. No, only resident Indians are eligible for this loan.

    Q. What is the tenure of a SBH personal loan?

    A. The tenure of a SBH personal loan is 36 months.

    Q. What is the security a borrower should provide?

    A. Borrowers need to provide post-dated cheques as security.

    Personal Loan Reviews

    • State Bank of Hyderabad Personal Loan
      "Average Service"
      0.5 4.0/5 "Great!"
      The offers and benefits provided by SBH is slightly lower than the other banks. SBH took around a month's time to disburse my loan. Though SBI took hardly 2 days to complete the documentation process , to complete the process they took a very longer time also their norms were very quite rigid. Rate of interest is very high when compared with others. Totally it was an average service rendered by SBH.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 07, 2017
    • State Bank of Hyderabad Personal Loan
      "Perfectly Good and satisfied"
      0.5 5.0/5 "Blown Away!"
      For my personal loan, I was getting the interest rate of 12.5% from SBH which is lower than other banks. Actually they quoted me with 15.5% but I had written a letter to the lead bank manager to reduce the interest rate, then they reduced it from 15.5% to 12.5%. Also the loan got disbursed within an hour. I have a good rapport with the bank as I am a long term customer of SBH.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Apr 05, 2017
    • State Bank of Hyderabad Personal Loan
      "Average "
      0.5 5.0/5 "Blown Away!"
      The service offered was very good.I am a government employee and salary account maintained with this bank is easy process.They take long time but there is no verification process since I am a government employee.The rates applied for a personal loan was on the higher side with state bank of hyderabad
      Was this review helpful? 2
      , hyderabad
      Reviewed on Sep 08, 2016
    • State Bank of Hyderabad Personal Loan
      "Good response "
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with state bank of Hyderabad. After submitting the documents they took around only one or two days to disbursed the amount in fact i have the account with them. They charged nearly 14% and the processing fee was minimal when i took the loan last years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 30, 2016
    • State Bank of Hyderabad Personal Loan
      "Best"
      0.5 5.0/5 "Blown Away!"
      State bank of Hyderabad gave the personal loan in 14% interest rate and the processing fee charged was rs.2000 They disbursed the amount in two days after submitting the documents. I have salaried account so there was no paper work.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 26, 2016
    • State Bank of Hyderabad Personal Loan
      "very nice"
      0.5 5.0/5 "Blown Away!"
      I have an account and so the interest rate is reasonable. In private sectors they fill the application where in public we need to fill the application so we can understand the fact. State Bank of Hyderabad took just 600 rupees for stamp duty charges. I did not struggle a lot to get the personal loan where my manger helped.
      Was this review helpful? 0
      , nellore
      Reviewed on Jan 04, 2016
    • State Bank of Hyderabad Personal Loan
      "Very worst"
      0.5 1.0/5 "Really Bad"
      I have the personal loan with the State Bank of Hyderabad and I took it before three years of time. Rate of interest was around 14% with them. The loan amount got disbursed to my account within a day of time. Procedures are lot with them and the EMI payment got reflected as late payment which results in my credit score.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 29, 2015
    • State Bank of Hyderabad Personal Loan
      "Simplified!"
      0.5 5.0/5 "Blown Away!"
      Personal loan application was simplified with State bank of Hyderabad. Though I have my salary account with them, they processed my personal loan within the same day of application. Instead of providing the expected amount, they provided me the maximum amount which I am eligible for.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 26, 2015
    • State Bank of Hyderabad Personal Loan
      "They do charge on personal loan.."
      0.5 4.0/5 "Great!"
      Always very good as my father is working with State Bank of Hyderabad. It is a government sector as cannot expect for quick revert. Final settlement was fast and received the amount on time. In comparing to private sectors this bank is good for personal loan. They do charge for the personal loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 23, 2015
    • State Bank of Hyderabad Personal Loan
      "Better!!"
      0.5 3.0/5 "Satisfactory"
      Rate of interest was a floating one, it was 12% which is good one. Their customer service was okay. I know the bank manager of State Bank Of Hyderabad. They rendered a good service. I am okay with the customer service. It took 7 working days for the disbursal. . Over all it was good with SBH.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 19, 2015
    • State Bank of Hyderabad Personal Loan
      "Very good service "
      0.5 5.0/5 "Blown Away!"
      My loan application with State Bank of Hyderabad was sanctioned on the same day which is really good.They have applied nominal charges for the processing of the loan.They also apply charges around 1000Rs for the processing of loan amount of 1Lakh.Interest rate applied was around 13.5% for this personal loan.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 31, 2015
    • State Bank of Hyderabad Personal Loan
      "Basic documents are required!"
      0.5 5.0/5 "Blown Away!"
      Personal loan application was very quick with State Bank of Hyderabad. My expected loan amount is 3L, but they provided me around 1.5 L. They collected only the basic documents and they disbursed the loan amount within 2 days of time. Overall the disbursed amount is sufficient for me.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Oct 08, 2015
    • State Bank of Hyderabad Personal Loan
      "Services are satisfactory"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from State bank of Hyderabad. The services has been good. The process was fast. The whole process was completed within seven days. The rate of interest was of 17%. The processing charges was of Rs. 1500. Services has been satisfactory.
      Was this review helpful? 0
      , raichur
      Reviewed on Aug 18, 2015
    • State Bank of Hyderabad Personal Loan
      "Its fine"
      0.5 3.0/5 "Satisfactory"
      SBH Personal loan process is fine. I have been holding a salary account with them. I have got the loan from them. I am holding a salary account with SBH and I had taken the loan from them. Interest rate offered by them was 16.2% which is on the higher side and processing fee charged by them was rs 5000 which is again on the higher side. As I had no other go I had taken a loan from them.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Aug 14, 2015
    • State Bank of Hyderabad Personal Loan
      "Bank of choosen few "
      0.5 2.0/5 "Expected more"
      I will never say State Bank of Hyderabad as a friendly bank.They have offered this loan since I hold my salary account with them.They are not very friendly to the customer.They respond very late for customer application and I have to follow up with them every time for any update about the loan application.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 10, 2015
    • State Bank of Hyderabad Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      SBH response is good within 2 or 3 days I got a call from them they process the request within 4 days of time. The amount was credited on time. I have been holding this for 1.5 years there is no issue with them and the amount was taken out from my account successfully every month.
      Was this review helpful? 3
      , chennai
      Reviewed on Jun 08, 2015
    • State Bank of Hyderabad Personal Loan
      "Good experience"
      0.5 2.0/5 "Expected more"
      It was very easy for me to avail a personal loan from SBH because of my salary account. I had personally visited the nearest branch of SBH and submitted my documents for a personal loan. They processed my application very fast and disbursed my loan witihin 5 days of time. I think the rate of interest and the processing fee are quite high when compared to other banks.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Oct 16, 2014
    Common Loader Icon
     Loading your search... Loading your search...
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.