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  • State Bank of Hyderabad 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
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    State Bank of Hyderabad Personal Loan is Rated as "Great!" by 17 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

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    Personal Loan BYTES FROM OUR KITCHEN
    rated 4.0/5.0 by 17 users

    State Bank of Hyderabad is an associate bank of State Bank of India (SBI), and is one of the scheduled banks in India. The Bank's head office is situated at Gunfoundry Area, in Hyderabad, India. SBH has over 1,500 branches and about 12,800 employees. Bank is now the largest Associate Bank of State Bank of India. SBH has 1000 branches in Andhra Pradesh alone, giving it the third largest branch network in the state. The bank has performed well in the past decades, winning several awards for its banking practices. SBH providing general purpose loan (Personal loan) to individuals with a steady source of income. Continue reading to view more details about this loan.


    You're probably eligible for an State Bank of Hyderabad Personal Loan if you are

    01
    02
    03
    04

    At least 21 years old

    Less than 55 years old

    Salaried / Self “ Employed
    with regular income

    Earn more than the minimum
    income required


    Your State Bank of Hyderabad Personal Loan amount eligibility is based on these factors

    01
    02
    03

    Salaried with Regular Income

    Maximum allowed personal loan is Rs. 7.5 lakhs

    EMIs of other loans lower
    your eligibility


    Increase your eligible State Bank of Hyderabad Personal Loan amount by these steps

    01
    02

    Pay off your Credit Card bills

    Choose longer tenure loan up to 36 months


    Documentation needed to apply for an State Bank of Hyderabad Personal Loan

    • 1. Signed application form with photograph
    • 2. Copy of passport/voter ID card/driving license
    • 3. Processing fee cheque
    • 4. Last 3 months bank statement/6 months bank passbook
    • 5. Documentation for salaried applicants:
      • Latest salary slip
      • Current dated salary certificate with the latest Form 16
    • 6. Documentation for self-employed applicants:

      • Latest Bank statement
      • Latest ITR or Form 16

    State Bank of Hyderabad Personal Loan Interest RatesUpdated on 21 Jul 2017

    State Bank of Hyderabad Personal Loan Details
    Interest Rate 15.25% to 15.75% Base Rate - 9.75%
    Processing Fees 1% of the advance subject to a min Rs.1000
    Loan Tenure 36 months

    About SBH Personal Loan:

    Enquire for State Bank of Hyderabad Personal Loan

    SBH stands for State Bank of Hyderabad. The bank was established in 1941 as Hyderabad State Bank. In 1956, SBH had been taken over by the Reserve Bank of India as its first subsidiary bank, and its name was changed from Hyderabad State Bank to State Bank of Hyderabad. Headquartered at Gunfoundry, Hyderabad, SBH has a huge network with 500 branches and almost 12,800 employees. The bank has been awarded with many honors for its excellent customer service. The bank constantly strives to be the most preferred and trusted bank in India and by now, State Bank of Hyderabad is the largest Associate Bank of State Bank of India. SBH provide personal banking, MSME (Micro, Small and Medium Enterprises) banking, corporate banking, Agriculture banking, NRI banking etc. Apart from providing car loan, home loan, gold loan, educational loan, SBH also provides Personal Loan to fulfill your various requirements. SBH provides two types of personal loans” Personal Loan Unsecured and SBH Prashanti Scheme. Under SBH Prashanti Scheme, personal loans are provided to pensioners, family pensioners, pensioners who are aged 70 years and above, and affluent pensioners.

    SBH Personal Loan Features:

    SBH personal loan features include:

    • 1% processing fee for SBH Personal Unsecured loan which is subject to a minimum of Rs. 1000.
    • For SBH Prashanti Scheme, processing fee is Rs. 500.
    • Can be availed by both salaried and self-employed individuals.
    • No pre-payment charge is required.
    • You can repay this loan in 36 EMIs.
    • You can get personal loan up to Rs. 5 lakhs and above 5 lakhs depending on your eligibility and repayment capacity.
    • Security is required.
    • It is a personal loan on demand.
    • Repayment through EMI is available.

    Why Choose SBH Personal Loan:

    SBH offers general purpose unsecured personal loan for Indian resident individuals. The loan amount received under Personal Loan from SBH can be used for any genuine needs that you might be having like funding vacations, childrens education, home renovation or repairs etc. The bank offers a considerable amount of personal loan at low processing fees. Also, SBH takes care of the various needs of the pensioners, and offers personal loans to pay for their medical expenses, childrens marriage etc.

    Personal Loan Eligibility criteria differs from person to person at SBH.

    Your minimum age should 21 years to apply for this loan. Your maximum age should not be more than 55 years. The eligibility criteria for SBH Personal Unsecured Loan is divided into two categories: Category 1 and Category 2.

    Category 1: The employees of State, Central, Semi-Government and profit making PSUs belong to this category. They need to serve a minimum of three years in their present organization.

    Category 2: The employees of Private Sector Companies belong to this category. They should have a rating of at least 1 to 3 with SBH, and minimum three years of service experience with their present organization.

    The eligibility criteria for SBH Prashanti Scheme include:

    • This loan can be availed by all pensioners including family pensioners, pensioners who are aged 70 years and above, and affluent pensioners.
    • They need to be State and Central Government employees including Defense, Railways and Telecom Department or Bank employees.
    • Their Pension Accounts need to be maintained with SBH.

    SBH provides unsecured loans which can be used for multiple purposes, with the interest on these loans computed on the basis of either the base rate or MCLR. These benchmarks help the bank formulate a rate list, with interest varying with any changes in the benchmark.

    State Bank of Hyderabad Marginal Cost of Funds Based Lending Rate (MCLR) (For new borrowers)

    Borrowers who have availed a loan after April 1, 2016 will automatically be charged an interest computed on the basis of MCLR. This follows a new rule by the RBI, with all banks expected to modify rates with changing economic conditions. The current MCLR benchmark is highlighted in the table below.

    MCLR Benchmark Tenure (Period)Benchmark Rates (MCLR)
    Overnight9.15%
    1 month9.35%
    3 months9.45%
    6 months9.50%
    1 year9.60%

    Personal loan interest rates (MCLR)

    MCLR acts as a benchmark for SBH to figure the rate it can charge, but the final rate is determined after computing other factors, including the loan amount, purpose, repayment tenure, etc. SBH can choose to add a certain percentage over and above the MCLR, with the final interest ranging between 12% and 15% (tentative).

    State Bank of Hyderabad Base Lending Rate (For existing borrowers)

    Base Rate9.75%, effective October 8, 2015

    State Bank of Hyderabad personal loan interest rate (Base Rate)

    Customers who availed a personal loan from SBH before MCLR benchmarks were introduced can either migrate to the new platform or continue paying the current interest. Those who choose to stay with the old system will be charged an interest keeping the base rate in mind. SBH can choose to add a certain percentage over and above the base rate, with the final interest changing from case to case.

    Note: Rates mentioned above are as of June 15, 2016, and are subject to change without prior intimation. SBH reserves the right to alter these rates at its own discretion and borrowers should check the same before applying.

    Instead of communicating personally with State Bank of Hyderabad, you can approach BankBazaar – India’s largest online portal where you can compare, choose and get personalized quotes on various financial products like credit cards, loans and insurance. The company has a good connection with many leading banks like HDFC Bank and ICICI Bank in India. It can help you choose a perfect personal loan scheme based on your requirements and suitable interest rates. BankBazaar enables you to enjoy the following benefits:

    Quick eligibility check: At BankBazaar, you can check your eligibility for personal loan instantly by putting your personal and financial details on the website.

    Get best offers: You can shop numerous financial products like credit cards, loans and insurance at BankBazaar and get the best deal. Also, you can avail the best offers given by various banks on various products.

    Immediate approval: If you apply through BankBazaar, you can get instant approval on your loan application. It’s helpful and experienced team will help you to get your personal loan processed in less time.

    Tailored quotes: You can get personalized quotes on a specific product that you might want to buy, compare them, and pick up one among them based on your requirement and repayment capacity

    Privacy: Your privacy remains intact at BankBazaar. It does not reveal your personal and financial information to anybody. There is no third party involved in this process and your application directly goes to your select lender. Also, the company maintains complete transparency in the whole process.

    Get online updates: You can get updates on your personal loan application online. BankBazaar will keep you updated with SMS or Emails.

    Enjoy a hassle-free banking experience: With BankBazaar, you can be assured of a hassle-free banking experience. Here, you don’t have to do any paperwork to apply for any products, be it a personal loan or a home loan. Also, you don’t have to visit SBH personally to get your loan application approved. Everything will be taken care of by the proactive team of BankBazaar

    How to apply for SBH Personal Loan at BankBazaar.com?

    The process for applying for loans offered at BankBazaar is indeed very simple and instant. In fact, it is a matter of few clicks on the website. So, instead of visiting a bank physically, you can come directly to BankBazaar and apply online. The following steps will help you to better understand the process:

    • First decide which personal loan you are going to take.
    • Now, check whether you are eligible for that loan or not. You can do this by putting your personal and financial details on the website. This will help you to receive instant and personalized quotes based on your eligibility.
    • Among a number of quotes, you can choose a personal loan based on your necessity, if you have already decided.
    • Once, everything is finalized, you need to click on the “submit” button. This will take your application directly to the chosen bank.

    BankBazaar sends your application directly to the lender. Hence, there is hardly any delay involved in this process. Besides, it sends the application to your nearest branch so that it becomes easier for the bank people to contact you soon.

    How to calculate EMI for SBH Personal Loans?

    BankBazaar has an easy tool for calculating Personal Loan EMIs which provides you accurate information about your monthly EMIs. You can know your EMI amount instantly by putting the following information in the tool:

    • Selected loan amount
    • Loan tenure.
    • Processing fee ( if applicable)
    • Rate of interest on the loan.

    Once you fill the above details, the EMI calculator will immediately display your EMI accountability for the personal loan. Knowing your monthly EMIs is important as it may help you to plan your budget as well as set your future financial goals.

    • Yes, you are completely secured if you apply for loans through BankBazaar. The company will not disclose your personal information to anyone. Your application will directly reach your lender. There is no third party involved in this process.
    1. Why do I need a personal loan?

      A personal loan can be useful when you are running short of money or you dont any savings in your account to fulfill your needs. You can accomplish a lot of works such as home repairing, childrens education, and vacation planning etc. with help of a personal loan.

    2. What is the maximum amount of personal loan offered by SBH?

      SBH offers personal loan up to Rs. 5 lakhs and in some cases, above Rs.5 lakhs subject to your eligibility and repayment capacity.

    3. Does SBH charge any pre-payment charge for personal loan?

      No, SBH doesnt charge pre-payment fees for its personal loans.

    4. Does SBH personal loan require any security?

      Yes, you need to provide security to obtain an SBH personal loan.

    5. Is it possible to check my SBH personal loan status online?

      If you do not get the desired information online, the status of the loan can be learnt by contacting the bank.

    6. Where do I get SBH application form for personal loan?

      You download it from the SBH website or collect it from the bank-branch.

    7. Can I get my SBH personal loan statement online?

      Yes, you can get your SBH personal loan statement online from SBH website.

    8. Does SBH charge any processing fee for personal loan?

      Yes, SBH charges an amount of 1% for SBH Personal Unsecured loan and Rs. 500 for SBH Prashanti Scheme.

    9. How can I apply for a personal loan from State Bank of Hyderabad?

      Applicants who wish to avail of a personal loan from State Bank of Hyderabad can visit their nearest local branch and fill up the loan application. The completed loan application will then have to be submitted to the bank along with relevant documents such as identity proof, address proof and proof of income.

    10. Who can apply for a personal loan from State Bank of Hyderabad?

      State Bank of Hyderabad offers personal loans to applicants from the following two categories:

      Category 1

      • Employees of the State Government
      • Employees of the Central Government
      • Employees of Semi Government
      • Profit Making PSUs

      Category 2

      • Employees of private sector companies with a State Bank of Hyderabad rating of 1 to 3
    11. What is the eligibility criteria for availing a personal loan from State Bank of Hyderabad?

      Applicants will have to fulfill the following eligibility criteria in order to apply for a personal loan from State Bank of Hyderabad:

      • The applicant should be a minimum of 21 years of age and below 55 years of age
      • The applicant should be employed with his current organisation for a minimum of at least three years
      • Applicants who are employed with private sector companies are required to have a State Bank of Hyderabad account
    12. What are the documents required to be provided in order to apply for a personal loan from State Bank of Hyderabad?

      Applicants are required to provide the following documents while applying for a State Bank of Hyderabad personal loan:

      • Identity Proof (any one)
        • Passport Copy
        • Voter ID
        • Driving License
      • Proof of Residence (any one)
        • Ration Card copy
        • Electricity Bill
        • Telephone Bill
        • Rental Agreement
        • Passport
      • Previous 3 months bank statement or the previous 6 months bank passbook
      • Most recent salary slip or current Salary Certificate along with Form 16
    13. What is the personal loan amount that applicants can avail of from State Bank of Hyderabad?

      Applicants can avail of personal loans of up to Rs 7.5 lakhs. Customers applying for the first time, however, are only eligible for a maximum of Rs 5 lakhs.

    14. What is the tenure of the personal loans offered by State Bank of Hyderabad?

      State Bank of Hyderabad offers applicants personal loans with a tenure of 12 - 36 months. All repayments are required to begin one year after the disbursal of the loan, and completed within 3 years.

    15. What are the interest rates offered on personal loans by State Bank of Hyderabad?

      State Bank of Hyderabad (SBH) offers interest rates ranging from 15.7% to 16.20% on personal loans depending on the applicants credit score.

    16. What are the processing fees involved when applying for a personal loan from State Bank of Hyderabad?

      State Bank of Hyderabad charges a processing fee of 1% of the advance loan amount, which will be deducted at the time of disbursal of the loan. This is subject to a minimum of Rs 1,000

    17. How can I make repayments towards the loan?

      You can repay the loan through the Check off Facility. Should this facility be unavailable, repayments can be made through Equated Monthly Installments (EMIs).

    18. What are the charges involved in case I decide to prepay my loan?

      There are no prepayment charges levied should you decide to pay off the loan earlier than expected.

    19. How can I calculate my monthly installments towards the loan?

      State Bank of Hyderabad provides customers with the facility of an EMI Calculator, which can be used to calculate the Equated Monthly Installments (EMIs) required to make repayments towards the loan. The EMI Calculator can be access by visiting the official website of the State Bank of Hyderabad and accessing the ˜online services section. The EMI calculator calculates installments based on the amount of loan availed, the rate of interest and the duration of the loan.

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