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    State Bank of Hyderabad (SBH) Personal Loan Interest Rates

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    15.25% - 15.75% Floating
    1% (min. ₹1000) One time fee
    25,000 - 7.5L
    1-3 Years
    Response Time Within 30 minutes
    Documents
    Perks
    Think about
    Eligibility Criteria
    Personal Loan BYTES FROM OUR KITCHEN

    About State Bank of Hyderabad Personal Loan

    State Bank of Hyderabad offers unsecured personal loan to individuals and resident individual Indian. SBH offers personal loan to the permanent employees of the state, central & semi government, PSUs and employees of private sector companies. The borrower has to submit a security to avail SBH Personal Loan. If the check off facility is not available, post-dated cheques have to be submitted to the bank.

    State Bank of Hyderabad Personal Loan Interest Rates

    State Bank of Hyderabad personal loan interest rates depends the borrower’s on income, borrower’s credit history, the RBI rates, inflation etc. State Bank of Hyderabad personal loan interest rate for the year 2015 is provided at the discretion of the bank but the base rate is 9.95 percent. The interest rates is offered in such a way that the borrower is not burdened with the EMI payment.

    State Bank of Hyderabad Personal Loan Interest Rates Table:

    Interest rates Provided at the discretion of the bank.
    Loan amount

    Minimum loan amount: Rs.25,000

    Maximum loan amount: Rs.7.5 lakhs

    Loan tenure

    Minimum tenure- 1 year

    Maximum tenure- 3 years

    EMI per lakh (lowest interest rate and maximum tenure)

    Calculate EMI on your Personal Loan

    Rs.3,224 per month
    Base rate (w.e.f. 16th July, 2015) 9.95 percent
    Prepayment charges Nil

    How to calculate interest or EMI on State Bank of Hyderabad Personal Loan?

    EMI or Equated Monthly Instalment is the amount that the borrower has to pay to the bank each month towards the payment of interest and the principal loan amount. The principal amount and interest is divided by the tenure that the loan was taken for. The formula to calculate the EMI is:

    EMI= Principal X Rate of interest on a monthly basis X (1+rate of interest on a monthly basis) to the power of the loan tenure divided by [(1+rate of interest on a monthly basis) to the power of the loan tenure – 1]

    BankBazaar.com makes the EMI calculation easy through the free online EMI Calculator. It gives you the amortization table that contains details of how much of the EMI amount is going towards the principal amount payment and how much of it covers the interest amount. For example, Mr. John has taken a personal loan for Rs.1 lakh from State Bank of Hyderabad. The interest rate he is being offered is 9.95 percent for a tenure of 3 years. By the end of the third year, he would have paid Rs.16,077 towards total interest and his loan EMI is Rs.3,224. He will be paying 13.9 percent towards the interest and 86.1 percent towards the principal loan amount. His amortization table will look as follows:

    Year Principal paid (in rupees) Interest paid (in rupees) Balance amount (in rupees)
    Year 1 30,090 8,602 69,910
    Year 2 33,225 5,468 36,685
    Year 3 36,685 2,007 0

    Factors affecting State Bank of Hyderabad Personal Loan Interest Rates

    State Bank of Hyderabad personal loan interest rate varies for every applicant due to the following factors:

    • Loan tenure:

      If the loan tenure is short, the interest rate is high when compared to loans with a longer tenure.

    • Repayment capacity:

      State Bank of Hyderabad checks a person’s repayment capacity before offering him a loan and before deciding the interest rate. The bank will make sure that the EMI amount will not exceed 35 percent of the borrower’s income is up to Rs.3 lakhs and if the borrower's income is above Rs.3 lakhs to Rs.5 lakhs, then the bank ensures that the EMI amount doesn’t exceed 50 percent of his income. If the borrower’s income is above Rs.5 lakhs, the bank will make sure that the EMI amount does not exceed more than 60 percent of his income. The bank also looks into the borrower’s assets and his creditworthiness before finalising on an interest rate.

    • Borrowing class:

      Young applicants are not so stable at their job and banks usually stay away from people who do not have a constant flow of income. State Bank of Hyderabad offers personal to permanent employees of the state, central & semi government, PSUs and employees of private sector companies.

    • Relationship with the bank:

      You may even get a discount on the processing charges or might get a reduced interest rate if you have been having a good long term relationship with the State Bank of Hyderabad.

    The interest rates and processing charges are charged at the sole discretion of the bank and are subject to change.

    How CIBIL score affects State Bank of Hyderabad Personal Loan Interest Rates?

    CIBIL Score and credit report plays a major role in deciding an applicant’s interest rate. CIBIL report is a document that includes all your repayment history and the credit that you have taken over a period of time and how you have cleared it. Banks usually accept application of individuals having an ideal credit score of 750 and above. Those with a lower score will be termed risky and the bank might offer personal loan at a higher rate of interest. It is advisable to check your credit score before applying for a loan. If your score is low, then you can fix the score before applying for a loan.

    Key things about State Bank of Hyderabad Personal Loan Interest Rates

    Before applying for a Personal Loan, you must know the following factors:

    • Fixed interest rate is when a fixed interest rate is set on the personal loan and you will be required to pay a fixed amount of interest throughout the tenure.
    • Floating interest rate will change as per the change in the bank’s base lending rate. The EMI will keep changing with the changing rate.
    • To avail State Bank of Hyderabad Personal Loan, you must provide security. If the check off facility is not available, post-dated cheques have to be submitted to the bank.
    • When the repo rate goes up, your interest rate will also go up.
    • State Bank of Hyderabad offer personal loans to permanent employees of the state, central & semi government, PSUs and employees of private sector companies.
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