Personal Loan in Hyderabad

What are the Best Personal Loan Offers in Hyderabad 2026

Personal loan offers in Hyderabad vary across banks and NBFCs based on risk appetite and borrower profile. Interest rates usually start lower for salaried applicants with stable income and good credit history. For a faster process, consider NBFC personal loans.

Bank / NBFC	Interest Rate (p.a.)	Processing Fee	Loan Amount	Tenure
State Bank of India	10.05%-15.05%	Up to 1.5% of the loan amount	₹50K-₹35L	1-6 Years
Bank of Baroda	10.15%-17.5%	Up to 2% + applicable taxes	₹1L-₹20L	1-7 Years
Punjab National Bank	10.25%-16.8%	Up to 1% of the loan amount	₹50K-₹20L	1-6 Years
HDFC Bank	10.9%-24%	As per bank policy	₹50K-₹40L	1-6 Years
ICICI Bank	10.45%-16.5%	As per bank policy	₹50K-₹25L	1-6 Years
Axis Bank	9.5%-21.55%	Up to 2% of the loan amount	₹50K-₹40L	1-5 Years
Tata Capital Financial Services	10.99%-29.99%	Up to 3%	₹75K-₹35L	1-6 Years
Hero FinCorp	19% onwards	2.5% of loan amount	₹50K-₹5L	1-5 Years

Disclaimer: Rates and offers may change based on lender policies and individual profiles.

Which Top Lenders Offer Personal Loans in Hyderabad

Hyderabad has access to both banks and NBFCs, giving borrowers more choice. Some prefer banks for stability, while others opt for an NBFC personal loan in Hyderabad due to faster processing and relaxed criteria. Have a look at the common lender categories:

Category	Bank / NBFC Name
Public Sector Banks	State Bank of India, Bank of Baroda, Punjab National Bank, Bank of India, Indian Bank
Private Banks	HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, YES Bank
NBFCs	Tata Capital Financial Services, Aditya Birla Finance, Bajaj Finserv, Hero FinCorp, Capital First Ltd.

What are the Eligibility Criteria for a Personal Loan in Hyderabad

To qualify for a personal loan in Hyderabad, most lenders generally expect applicants to meet basic conditions linked to age, income and creditworthiness. Make use of the personal loan eligibility calculator to assess if you qualify. Common eligibility norms include:

• Age typically between the early 20s and around 60 years
• Indian residency and a valid identity proof
• Minimum monthly income (often ₹30,000 or as the lender specifies)
• Stable employment with at least 6-12 months in current job for salaried or multiple years for self-employed
• Acceptable credit score to support repayment capacity

What Documents are Required for Getting a Personal Loan in Hyderabad

Lenders require basic documentation to establish identity, address and repayment ability. Most institutions now allow digital submission to apply for a personal loan in Hyderabad. Common personal loan documents required include:

• Proof of identity (Aadhaar, passport, voter ID, etc.)
• Address proof (utility bills, rental agreement, driving licence, etc.)
• Income proof (salary slips, bank statements, Form-16, tax returns)
• Employment proof (employment letter, ID card for salaried; business proofs for self-employed)

What is the Application Process through Urban Money and the Approval Timeline

Applying for a personal loan in Hyderabad through Urban Money is designed to stay simple and guided, even if you are applying for the first time. The platform connects you with verified personal loan providers in Hyderabad, including banks and NBFCs, without pushing you into lengthy paperwork or branch visits. Here’s how the application usually moves, step by step:

• Visit Urban Money: Click on “Products & Offers” and select Personal Loan
• Registration: enter your mobile number and fill in the OTP received
• Choose your employment type: salaried, self-employed business, or self-employed professional
• Enter basic personal details: PAN, email ID, date of birth, and current residential pincode
• Share income and loan requirements: Add your gross annual income and the desired loan amount
• Submit PAN and verification details

Initial verification and offer matching often happen within a few hours. Final approval and disbursal depend on the lender, but many applicants receive confirmation within 24 hours, especially for digital-first NBFCs. In some cases, approvals can take up to a few working days if additional checks are needed.

What are the Best Tips for Choosing the Right Personal Loan in Hyderabad

Choosing a personal loan in Hyderabad should feel comfortable, not rushed. Small differences in rates or tenure can affect monthly outflow over time. The personal loan EMI calculator can be your go-to tool for assessing your interest rate expenses. Have a look at some useful tips:

• Borrow only what you can repay comfortably
• Compare interest rates and total cost, not just EMI
• Check processing fees and prepayment terms
• Choose a tenure that balances EMI and interest burden
• Take guidance if unsure about lender terms
  

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