Personal Loan Rates 20181705 views
Table of Contents
- 1 Top Banks Offering Personal Loan in Hyderabad
- 2 Personal Loan Hyderabad Interest Rate
- 3 Personal Loan Eligibility
- 4 About Personal Loan in Hyderabad
Top Banks Offering Personal Loan in Hyderabad
|Bank Name||Main Branch Address||Rate of Interest|
|State Bank of India (SBI)||Bank Street, Sultan Bazaar, Koti, Hyderabad, Telangana 500095||10.95% - 15.35%|
|HDFC||5-1-680, TK House, Ground Floor, Main Road Abids, Bank Street, Koti, Hyderabad, Telangana 500001||11.25% - 21.50%|
|ICICI||Door No 2-92-2/9, Stone Ridge Center, Opposite Google Main Road, Kondapur, Hyderabad, Telangana 500033||10.99% - 18.49%|
|Axis||3-6-726,ROMANA PLAZA, HIMAYATH NAGAR MAIN RD, Hyderabad, Telangana 500029||15.75% - 24.00%|
|Punjab National Bank||Shop No.8-3-166/7/2, Deccan Chambers, Opposite Allwyn Bhavan, Bombay Highway, Erragadda Main Road, Sanath Nagar, Vikaspuri, Erragadda, Hyderabad, Telangana 500018||12.00% - 15.00%|
|Bank of India||Shop No.5-8-659, P. B. No.134, Nampally Station Rd, Kattel Mandi, Chirag Ali Lane, Abids, Hyderabad, Telangana 500001||12.00% - 14.00%|
|Bank of Baroda||D.Nop: 8-3-1116/1, Kesav Nagar Main Road, Opp Axis Bank, SriNagar Colony, Hyderabad, Telangana 500073||11.80% - 16.80%|
|Central Bank of India||NO.GF-5 TO 7, GR.FLOOR, PAVANI PLAZA, H.NO.6-2-984, (NEAR SHADAN COLLEGE), KHAIRATABAD MAIN ROAD, KHAIRATABAD, Hyderabad, Telangana 500004||11.25% - 12.60%|
|IDBI Bank||Shop No. 6-166, Plot No. 104, Near ganesh nagar Bus Stop, Jeedimetla Main Road, Chinthal, Hyderabad, Telangana 500054||12.00% - 14.00%|
Personal Loan Hyderabad Interest Rate
|Interest Rates||10.75% - 25.00%|
|Processing Fee||1%-2.00% of the loan amount+GST|
|Pre-payment Charges||3%-5.00% of the principal outstanding+GST|
|Repayment Period||Upto 5 Years|
|Lowest EMI||₹2,204-2,935 (per Lakh)|
Personal Loan Calculator
If you are someone who is willing to avail a personal loan, you are at the right place. The personal loan journey cannot be completed without mentioning about a personal loan EMI calculator online. Yes, that’s right! Your perfect loan buddy that helps you in many ways, allowing you to take a smart and calculative decision. With this device, you can easily know the exact calculations of your EMIs and interest payable on a personal loan. This smart device saves a lot of time and gives the results within few seconds. Have a better clarity on the same, by reading the page below.
Suppose, Rashmi Bansal, a 32- year-old- Manager by profession is interested in availing a loan of ₹3 Lakh so as to travel to Singapore. Thus, in order to get the same, he had applied with one bank and got the approval for the loan with an interest rate of 12.75% per annum for a tenure of 4 years. But before he went ahead with the process, all he did was used an EMI calculator so as to know whether his monthly installments would be pocket-friendly or not. So, take a look at the table below and find yourself.
Table Showing EMI, Interest Outgo, and Total Repayment Amount
|Loan Amount||Interest Rate||Tenure||Monthly Instalment||Total Interest Amount||Total Amount|
|₹ 3,00,000||12.75%||1||₹ 26,760||₹ 21,120||₹ 3,21,120|
|₹ 3,00,000||12.75%||2||₹ 14,227||₹ 41,456||₹ 3,41,456|
|₹ 3,00,000||12.75%||3||₹ 10,072||₹ 62,596||₹ 3,62,596|
|₹ 3,00,000||12.75%||4||₹ 8011||₹ 84,532||₹ 3,84,532|
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
|1||₹ 61,388||₹ 34,745||₹ 2,38,611|
|2||₹ 69,689||₹ 26,444||₹ 1,68,922|
|3||₹ 79,112||₹ 17,020||₹ 89,810|
|4||₹ 89,894||₹ 6323||₹ 0|
Personal Loan Eligibility
Age: 21-60 Years
Income: ₹1,44,000-1,80,000 p.a.
Overall Work Experience: 2-3 Years
Work Stability with Current Employer:1 Year
Age: 24-65 Years
Income: ₹1,80,000-2,00,000 p.a.
Stability in Same Profession: 3 Years
Documents Required for Personal Loan in Hyderabad
- Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport
- Address Proof- Utility bill/Passport/Aadhar card/Voter ID
- Income Proof- Latest Salary Slip/ ITR/Form-16
- Bank Statement- Last 3-6 Month Bank Statement
About Personal Loan in Hyderabad
A major center for the technology industry, it would not be wrong to say that the City of Nizam i.e. Hyderabad is also an epic center of many public as well as private financial companies. Yes, with a plethora of renowned lenders available in the city, the financial needs of all will be taken care. Whenever, people of the city are in urgent need of funds, personal loan in Hyderabad is their answer, offered by many renowned lenders.
Fastest loan disbursal, quickest approval, minimal documentation and flexible tenures, the personal loan comes handy to those who want to meet their personal needs immediately. It can be availed to fulfill any personal requirement, be it debt consolidation, travelling or wedding. This is the reason that whenever people are in urgent need of funds, they look no further than availing a personal loan.
Bajaj Finance Personal Loan in Hyderabad
If you are someone who is willing to avail a personal loan from Bajaj Finance in Hyderabad, need not to worry as you can easily get the credit. Yes, this renowned NBFC by offering the personal loan in the city ensures to meet the multiple needs of one and all. Be it paying your credit card bills, renovating your home or enjoying a holiday at a beautiful location, all your wishes can instantly be fulfilled with the credit facility of Bajaj Finance. This financial firm with its best of features such as simple documentation, flexible tenures and fastest approval caters the personal need of all the borrowers.