Apply for Personal Loan in Hyderabad

50,000
40,00,000
0
5,00,000
0
3,00,000

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Bank Interest Rate EMI
HDFC Bank 11.49% - 19.50%

(fixed)

2,199 - 2,622

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 Year lock in
  • 4% fee if closed after 1 year. Can be 0% if booked under golden edge program
  • 3% fee if closed after 2 years
  • 2% fee if closed after 3 years
  • 0% thereafter

Part-Payment Option

Not available

ICICI Bank 11.49% - 17.85%

(fixed)

2,199 - 2,531

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 5% fee thereafter. 0% if loan amount >10 lacs

Part-Payment Option

Not available

Axis Bank 13.50% - 24.00%

(fixed)

2,301 - 2,877

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 0% after the 1st EMI

Part-Payment Option

Possible after 1st EMI. Minimum part payment to be 1 EMI's. Part payment allowed 6 times in a year.

Citi Bank 11.99% - 15.75%

(fixed)

2,224 - 2,419

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 0.5%-2% fee thereafter

Part-Payment Option

Possible after 12th EMI. Minimum part payment to be 2 EMI's and max 5 EMI's. Allowed only once a year.

IndusInd Bank 11.99% - 14.75%

(fixed)

2,224 - 2,366

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 5% fee thereafter

Part-Payment Option

Not available

Standard Chartered Bank 11.99% - 14.50%

(fixed)

2,224 - 2,353

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 0% thereafter

Part-Payment Option

Not available

Kotak Mahindra Bank 13.00% - 18.00%

(fixed)

2,275 - 2,539

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 5% fee thereafter

Part-Payment Option

Not available

Bajaj Finance 13.00% - 18.00%

(fixed)

2,275 - 2,539

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 0% after the 1st EMI

Part-Payment Option

Possible after 1st EMI. Minimum part payment to be 3 EMI’s. Part payment allowed 6 times in a year

Capital First 13.00% - 20.00%

(fixed)

2,275 - 2,649

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 5% fee thereafter

Part-Payment Option

Not available

Tata Capital 13.50% - 17.00%

(fixed)

2,301 - 2,485

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 5% fee thereafter

Part-Payment Option

Not available

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Tips

Rate of interest is high?

- Try applying for a higher loan amount as most banks reduce interest rates as loan amount increases.

Not getting the desired loan amount

- Try adding the income of a co-applicant like a working spouse

Not getting the desired loan amount?

- Finance Buddha can try to do a debt consolidation/balance transfer to increase eligibility

Personal Loan in Hyderabad

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.

  • 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.
  • HDFC Bank –This bank has nearly 75 branches in this city and it is the largest banks in India that processes loan real quickly.
  • Axis Bank – This bank has about 44 branches in this city and is the third largest private sector bank in India.
  • 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.
  • Citibank Though this bank has just one branch in Hyderabad, it is still very considered and opted by the people of the city.
  • Bajaj Finserv – This is a largest NBFC in India with 1 branch in Hyderabad.
  • Tata Capital - This well-known NBFC has only 2 branches in this city.

How Finance Buddha can help you get a Personal Loan in Hyderabad?

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.

 

Personal Loan Eligibility Criteria in Hyderabad

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 Rs 30,000. Salary bracket would again depend on the city you live in and the company you work for. Eg. If you are in a Metro the salary requirement will be higher than non-metro and again if you are working in a top MNC the salary requirement would be lesser than one working with a startup.
  3. Should be staying in the city for at least 1 Year
  4. Total work experience should be at least 2 Years
  5. You would require basic documentation such as your address proof, identity proof, latest bank statements etc

 

Personal Loan Documents Required in Hyderabad

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

 

Personal Loan Interest Rates, Fees & Charges in Hyderabad

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 Hyderabad details:

Interest Rates

11.49% – 26.00%

Processing Fees

0.99% – 3.00%

Pre-payment Charges

Nil – 5.00%

Repayment Period

Upto 7 years

CIBIL Score

Min. 750

Lowest EMI

Rs. 2199.26 per lac

 

Personal Loan Interest Rates 2017
Bank Interest Rates
HDFC Bank

11.49 - 19.50%

ICICI Bank

11.49 - 17.99%

Bajaj Finserv

11.49%

Fullerton India

21.00 - 32.00%

Kotak Mahindra

11.50 - 20.00%

IndusInd Bank

12.99 - 17.00%

Standard Chartered

11.99 - 15.00%

 

Processing Fees / Prepayment Charges
Bank

Processing Fee

Pre-payment charges

Bajaj Finserv

2 - 2.5%

Nil

ICICI Bank

0.8% - 2.00%

Zero or 5.00%

Axis Bank

2.00%

Nil

Kotak

1.5 - 2.00%

5.00%

HDFC Bank

0.8% - 2.00%

4.00%

Fullerton India

N.A

4.00%

 

Frequently Asked Questions