Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • SBH Personal Loan Interest Rates 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
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    State Bank of Hyderabad (SBH) Personal Loan Interest Rates is Rated as "Great!" by 17 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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.

    SBH Personal Loan Interest Rates 2017

    Particulars Salaried Self-employed
    Interest rate 14.70% to 16.75% p.a. 14.70% to 16.75% p.a.
    Loan Amount Rs.25,000 to Rs.7.5 lakhs Rs.25,000 to Rs.7.5 lakhs
    Loan Tenure Up to 3 years Up to 3 years
    Lowest EMI Rs.3,451 (for Rs.1 lakh loan amount with maximum loan tenure at the lowest interest rate). Rs.3,451 (for Rs.1 lakh loan amount with maximum loan tenure at the lowest interest rate).
    Processing Fee 1% of the advance amount with a minimum of Rs.1000. 1% of the advance amount with a minimum of Rs.1000.
    Age 21 to 55 years 21 to 55 years
    Prepayment Charges Nil Nil
    Foreclosure Charges - -

    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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