Personal Loan in Hyderabad - Apply Online @10.25%

There is no doubt that people in Hyderabad can get personal loan easily. There are many banks and large number of branches in this location which makes accessibility and approval easy. With many IT companies moving towards Hyderabad and close by locations, the demand for personal loan and other loans are increasing day by day. The below list will give you some idea about the various banks and its needs.

1. ICICI Bank – This bank has nearly 59 plus branches in Hyderabad, also this is the second largest bank in Hyderabad that falls into the private sector category.
2. HDFC Bank –This bank has nearly 75 branches in this city and it is the largest banks in India that processes loan real quickly.
3. Axis Bank – This bank has about 44 branches in this city and is the third largest private sector bank in India.
4. Kotak Mahindra Bank – With 24 branches even this is a large bank in Hyderabad. Once you start using their services and enjoy their benefits, you will definitely wish to have long term relationship with the bank.
5. Citibank – Though this bank has just one branch in Hyderabad, it is still very considered and opted by the people of the city.
6. Bajaj Finserv – This is a largest NBFC in India with 1 branch in Hyderabad.
7. Tata Capital - This well-known NBFC has only 2 branches in this city.

In case if you would like to compare the interest rates of various banks that offer personal loan in Hyderabad, Finance Buddha is the best.  This gives the direct comparison of the interest rates for personal loan with various banks of Hyderabad. Apart from the above mentioned common documents, there are the specific documents that should be submitted if the applicant is a salaried person.

Now here is an easy way to check your eligibility for applying personal loans in Hyderabad.

1. Age of the applicant should be between 21 - 60 Years.
2. Salaried individual with minimum income of ₹30,000.
3. Should be staying in the city for at least 1 Year.
4. Total work experience should be at least 2 Years.

Interest rates and charges vary from bank to bank. Here is the list of interest rates and charges for different banks of Hyderabad: Pre-payment and foreclosure charges are applicable and will be charged only if the applicant wishes to undergo these processing to their outstanding loan amount.

Apart from interest rates, the other main factor to be considered before applying for a personal loan in processing fees, pre-payment charges and other similar charges.  This list has necessary information of the same for personal loan in Hyderabad.

Irrespective of which bank you are applying loan, these are the common types of charges and fees that every applicant will have to incur.

Personal Loan Offers from 19 Banks / NBFCs in Hyderabad (updated 06 Nov,2023)

Documentations play a very important role in the personal loan approval. Unless all necessary documents are submitted with accurate information the loan will not be approved.

1. Three passport size photographs
2. ID proof – Passport/voter ID/ Aadhar or drivers licence
3. Residence Proof – Passport/ Landline bill/ postpaid mobile bill/ rental agreement or Bank Statement
4. Pan Card copy
5. Age Proof – Passport/ driver’s license/school certificate or Pan Card copy
6. Income Proof - Latest 3 months’ salary slips
7. Banking Statement - 6 months bank statements
8. Job Stability & Continuity – Offer Letter, Relieving Letter and Form 16