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Loan Amount

1L

Max Tenure

3 years

Best Rate

28% p.a

Processing Fee

2000₹

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 28%
  • Processing fee - 2000₹

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Loan Amount

20K

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 35.1%
  • Processing fee - 2.5%

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Loan Amount

50K

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 35.07%
  • Processing fee - 2.5%

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Max Tenure

5 yrs

Best Rate

10.99%

Processing Fee

2.50%

View Details

Features

  • Easy Documentation & hassle free Personal Loan with door step service
  • Faster Process & Approvals
  • No Collateral Required
  • Repayment Tenure from 12 to 60 months

Pricing

  • Interest Rate: 10.99% to 20.75 P.A
  • Processing fee - 0.99 to 2.50 % P.A

Documents Required

  • Application form with 2 photographs, Processing fee cheque
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Passport,Utility bill, Lease agreement
  • Salaried - Salary slip for 3 months, latest 3 months bank statement with salary credit
  • Self employed - Office address proof, audited financials for last 2 yrs and latest 6 months balance sheet

Max Tenure

12 - 16 months

Best Rate

16%

Processing Fee

1%

View Details

Features

  • Loans available for salaried individuals
  • Loans are available from Rs 1,00,000/- to Rs 40,00,000/-
  • Repayment tenures from Min 12 Months to Max 60 months
  • Best in Class Rate of Interest
  • Loans at higher rates can be transferred to Axis Bank with our Balance transfer facility.
  • Simplified documentation.
  • Simple procedure, minimal documentation and quick approval.

Pricing

  • Interest rate - 16% onwards
  • Processing fee - 1%

Documents Required

  • Duly filled application form
  • KYC documents (proof of identity and proof of address)
  • Proof of income (Latest 2 salary slips)
  • Last 3 months’ bank statement
  • Identity Proof PAN Card/ Valid Passport/ Aadhaar Card/ Election Card..

Loan Amount

35K

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 35.07%
  • Processing fee - 2.5%

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Loan Amount

75K

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 36.57%
  • Processing fee - 2%

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Max Tenure

5 yrs

Best Rate

10.99%

Processing Fee

2.50%

View Details

Features

  • Easy Documentation & hassle free Personal Loan with door step service
  • Faster Process & Approvals
  • No Collateral Required
  • Repayment Tenure from 12 to 60 months

Pricing

  • Interest Rate: 10.99% to 20.75 P.A
  • Processing fee - 0.99 to 2.50 % P.A

Documents Required

  • Application form with 2 photographs, Processing fee cheque
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Passport,Utility bill, Lease agreement
  • Salaried - Salary slip for 3 months, latest 3 months bank statement with salary credit
  • Self employed - Office address proof, audited financials for last 2 yrs and latest 6 months balance sheet

Max Tenure

5 yrs

Best Rate

12.49%

Processing Fee

1.0%

View Details

Features

  • Pre-approved personal loan offer
  • No collateral required
  • Simplified documentation process
  • Flexible Repayment Options
  • Attractive Interest Rates

Pricing

  • Interest Rate: 12.49% onwards
  • Processing Fee:1.0% + Service Tax

Documents Required

  • ID Proof: PAN Card, passport, driving license, Aadhar card, voter ID
  • Address proof: PAN Card, Aadhar Card, Passport, Driving License, Voter ID, Electricity Bill, Rent Agreement
  • Income Proof : Latest three months bank statement showing salary credit, Latest three salary slips

Max Tenure

12 months

Best Rate

14%p.a

Processing Fee

1-2%

View Details

Features

  • Instant approval and same day cash transfer.
  • Zero physical documentation.
  • No foreclosure charges.
  • Ten Minute loan.
  • Repayment Tenure upto to 36 Months.

Pricing

  • Interest rate - 14% p.a
  • Processing fee - 1-2%

Documents Required

  • ID Proof - Pan card
  • Address Proof - Aadhar card
  • Income proof - 3 months bank statement

Max Tenure

NA

Best Rate

14.5%

Processing Fee

2.5%

View Details

Features

  • Loans starting from Rs. 50,000
  • Faster processing
  • Simple and minimum documentation
  • Flexible Repayment Options
  • Doorstep Service
  • Affordable Rates & Charges

Pricing

  • Processing Fee:2.5% + Service Tax

Documents Required

  • ID Proof: PAN Card, passport, driving license, Aadhar card, voter ID
  • Address proof: PAN Card, Aadhar Card, Passport, Driving License, Voter ID, Electricity Bill, Rent Agreement
  • Income Proof : Latest three months bank statement showing salary credit, Latest three salary slips

Max Tenure

36 months

Best Rate

14% p.m

Processing Fee

4%

View Details

Features

  • Completely Digital
  • Quick loan processing
  • Less documentation

Pricing

  • Interest rate - 14% to 36%
  • Processing Fees - 4% to 8% of loan amount

Documents Required

    Documents Required - Salaried
  • PAN Card
  • Adhaar Card/ Voter ID
  • 1 Current Address Proof
  • E Bill If rented
  • Last 3 months Salary slips
  • Last 3 months (3 salary credits) salaried bank statement – Alternate statement if OD
  • Scanned copy of cancelled cheque of Salaried Account
  • Additional Documents for Self Employed
  • Last 6 months bank statement – Alternate statement if OD/CC (Both savings and Current Bank account statement required wherever Current A/c is available)
  • Business Registration proof
  • Business Address proof
  • Partnership Deed + Business Registration proof
  • If the registration is in the name if the partnership firm, PAN of partnership and ITR and computation will be mandatory

Max Tenure

6 to 36 months

Best Rate

7.99% p.m

Processing Fee

2%

View Details

Features

  • TAT - 1 day ; Quick Loan Disbursal
  • Rate of interest starting from 7.99% ( reducing rate of interest)
  • No prepayment charges
  • No foreclosure charges
  • Flexible tenure 6 to 36 months

Pricing

  • Interest rate – 7.99% onwards
  • Processing fee – 2-4%

Documents Required

  • Photo
  • Pan card
  • Address proof
  • 3 months bank statement
  • 3 months payslips
  • Form 16/ ITR ( if salary above 62500 per month)

Max Tenure

5 yrs

Best Rate

14.75%

Processing Fee

2.25%

Max Tenure

5 yrs*

Best Rate

11.49%*

Processing Fee

999₹*

Max Tenure

5 yrs*

Best Rate

13.99%*

Processing Fee

1500₹*

Max Tenure

5 yrs

Best Rate

12.99%*

Processing Fee

0.5%*

Max Tenure

4 yrs

Best Rate

17.25% *

Processing Fee

2%

Max Tenure

NA

Best Rate

16%

Processing Fee

2.49%

Max Tenure

5 yrs

Best Rate

13.99%

Processing Fee

2%

Max Tenure

nil*

Best Rate

10.95%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.99%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.60%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.75%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

14.40%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.99%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

12.60%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.70%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.25%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.25%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.40%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.99%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.45%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.00%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

14.20%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.65%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.75%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.75%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

14.05%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.99%

Processing Fee

nil*

Max Tenure

5 yrs

Best Rate

15.5%

Processing Fee

2.0%

Max Tenure

NA

Best Rate

1%

Processing Fee

3.0%

Max Tenure

1.6 yrs

Best Rate

18%

Processing Fee

2%

Max Tenure

nil*

Best Rate

23.0%

Processing Fee

2%

Max Tenure

nil*

Best Rate

11.99%

Processing Fee

2.5%

Max Tenure

NA

Best Rate

Processing Fee

2%

Max Tenure

1-5 yrs

Best Rate

10.75%

Processing Fee

2%

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Personal Loan in Hyderabad

Do you live in Hyderabad? Are you looking for a personal loan in Hyderabad and wondering what your options are? Read on!

Personal Loans in Hyderabad

What is a personal loan?

A personal loan is an unsecured “all-purpose loan” which can be used for any legitimate purpose, such as funding your dream vacation, business expansion, remodeling your house, overcoming a crisis like sudden job loss, medical emergency, to purchase expensive consumer durables or to pursue an expensive hobby.

It is a “no-security, no guarantor loan”, meaning you primarily obtain this loan on the strength of your income and credit history. It means that you do not need to pledge collateral or offer asset of kind as security in order to avail the loan.

Key features of a Personal Loan:

  • Hassle-free loan
  • Easy documentation
  • Loan amount ranging from few thousands to several lakhs.
  • Spot Approvals and over-the-counter loans available with leading banks
  • Speedy Processing and disbursals
  • Loans for salaried & self-employed individuals.
  • Special loans for professionals like Lawyers, doctors, chartered accountants, etc.
  • Payment via EMI with tenure ranging from 12 to 60 months
  • No security/guarantor/collateral required
  • Competitive interest rates for those having good credit history
  • Facility to apply online with most of the lenders
  • Special offers for existing customers, like special rates and discounts

Disadvantages of a personal loan:

Personal loans are one of the costliest loans in the market with relatively high interest rates. The interest on a personal loan could go up to as high as 32% p.a. or even more, depending the severity of your credit situation. It is advisable to first pull out your credit report and check your credit score before applying for any kind of loan to avoid the chance of loan rejection or being subject to severe repayment terms.

Personal Loans in Hyderabad--Availability

All major banks offer personal loans in Hyderabad. Popular banks and NBFCs that offer personal loans in Hyderabad include: State Bank of Hyderabad, Standard Chartered Bank, Punjab National Bank, Canara Bank, Corporation Bank, Yes Bank, Deutsche Bank, Bank of India, SBI, Central Bank of India, Axis Bank, HDFC Bank, ICICI Bank, Shriram Finance, Bajaj Finance, Fullerton, IDBI Bank, Citibank, etc.

Personal loans in Hyderabad for salaried, self-employed and business people are available.

Is it possible to get a personal loan in Hyderabad with bad credit?

The possibility of getting a personal loan with bad credit depends on the severity of your credit situation, and the relationship you share with your lender. In case your loan application is accepted even with a poor credit history, you might be offered unfavorable terms and conditions, like a high interest rate and high penalty for missing payments, etc.

It is always advisable to raise your credit score to a healthy 700 or above, so that you can avail a personal loan at reasonably good terms and interest rate.

Eligibility for Personal Loan in Hyderabad

  • Age criteria: The applicant should be between 21 years to 65 years (at the time of maturity of the loan).
  • Salaried, self-employed, and business professionals are eligible to apply. If you are not a regular wage earner, talk to your bank manager about your situation.
  • Minimum salary for salaried people is typically Rs. 15,000 though the salary requirement depends on what tier of city you live in and the company you work for.
  • Should be staying in the same address / city for at least 1 year
  • Total work experience should be at least 2 years
  • Should have a stable employment history.

You can check your eligibility for a personal loan in Hyderabad online, on the lender’s website.

Documents Required for Personal Loans in Hyderabad

For salaried / self-employed professionals:

Following are an overview of the documents generally asked while applying for a personal loan in Hyderabad:

  • Valid Identity Proof - Passport, Driving License, Voter ID Card, Aadhar Card, PAN Card (any one document to be submitted)
  • Valid Address Proof – Lease/Rent Agreement, Passport, Driving License, Ration Card, Utility bill (not more than 3 months old), Bank Statement
  • Income Proof Documents – Last 6 months salary slip and latest Form 16
  • Bank Statements: Past 6 months bank statement with salary credit
  • Continuity of employment proof, like offer letter, relieving letter, etc.

For the self-employed and those into business, the following might be requested for in addition to the above-mentioned documents.

  • Degree Certificate / educational documents for self-employed professionals.
  • Proof of business existence
  • Last 3 years Income Tax returns (self and business)
  • Last 3 years Profit /Loss and Balance Sheet, duly attested by a CA
  • Any other documents as directed by the Bank or NBFC

Personal Loan in Hyderabad With Low Interest

Lenders usually offer a low interest rate to those who have a good credit history. The interest rate is dependent on variety of factors including the loan amount applied, credit score and history, existing loan obligations, the loan amount, employer profile, etc.

Personal Loan in Hyderabad FAQS

1. What is the minimum and maximum loan amount for salaried people?

The loan amount generally varies from a few thousands to lakhs of rupees. The final loan amount is at the discretion of your lender.

2. Do I have to pledge any collateral in order to secure a personal loan?

No collateral or security is required for obtaining a personal loan in Hyderabad.

3. How do I repay the loan?

You can repay the loan amount in convenient EMI (Equated Monthly Instalments).

4. What is an EMI?

EMI stands for Equated Monthly Installment and is the monthly amount you need to pay your lender towards servicing your personal loan—interest included.

5. I need urgent funds. How long will it take for my loan to be sanctioned?

Your loan may be approved in as little as 24 hours or may take up to 7 working days, based on your credit profile. The time taken to disburse personal loans varies from lender to lender. Generally, personal loans are processed faster.

6. What is the eligibility criteria for availing a personal loan?

The applicant must be salaried and must be ideally employed for a minimum of 1 year. In case of self-employed individuals, they must show continuity of employment for at least two years.

7. What is the age requirement for availing a personal loan?

The applicant should be a minimum of 18 years of age and a maximum of 65 years of age on the maturity of loan. This varies from lender to lender.

8. I already have an existing loan from another lender. Am I required to declare it?

Yes, if you have any existing loan commitments, then it is crucial to declare them.

How to apply for Personal loan in Hyderabad:

There are several ways to apply for a personal loan:

  • You can apply directly online at the bank / NBFC's website;
  • You can go in person to your nearest branch and apply with the required documentation

Need help? Alternatively, if you think you need help with your personal loan application and advice on loan eligibility, then CreditMantri can guide you through the whole process and match you with the loan offer that best suits your unique credit profile.

Hyderabad Personal Loan - Customer Reviews

4 / 5 (6 Reviews)
10 Dec 2018

Its very fast n good service

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