Personal Loan (Hyderabad)
Get Personal Loan with FinBucket Loan in just 10 minutes
Personal Loan?
Personal loan is a type of an unsecured loan. It helps to meet a person’s current financial needs. No need of any security/collateral while availing it. Personal loan gives you the flexibility to use the funds as per your convenience and need.
if someone need instant cash and can be used for travelling, wedding,medical emergency,home renovation,or anything else, you can then simply get your hand on personal loan and you are ready with the money in your pockets.
Personal Loan in Hyderabad
In Hyderabad, the interest rate provided is of fair range by the banks and the NBFC’s. You can take personal loans in Hyderabad because it provides you with: minimum documentation load, you can take it for any medical purpose, marriage, education, business, and even for your personal attempt of debt clearing, etc. The range which it provides is of rs.25, 000 to rs.25, 00,000/-. The loan applying procedure can be done by the very same person by providing the financial statements of your account which will grant within a period of 48 hours. It is an unsecured form of a loan with flexibility attaches to it which on the repayment period.
A person needs to earn a salary of 20,000/- per month to get the eligibility flag on his application. Finbucket saves you from standing in lines for long and getting the info which is not worth enough by providing you with all the details of different bank terms and rates. It analysis the best one for you and helps you in settling down for the best one.
The city is known as the city of pearls as it is a trade center for diamonds and pearls. The growth of finance has helped with the evolution of the service industry. Personal savings are been invested by the street vendors for owning stalls. The percentage of people going to moneylenders in Hyderabad is very less. For start-ups, the best initiative is to take personal loans.
Finbucket will let you know the list of documents required. You will be needing an AAdhar card, PAN card, credit history, salary statement monthly basis, salary account record and sometimes the banks consider your age too. Our team will analyze your credential records what amount you should opt for the best repaying process.
Personal Loan- Eligibility
There are various banks and NBFC’s which offers personal loan to all applicants fulfilling their basic eligibility criteria. Different banks have different eligibility criteria.
Most of the banks and NBFC’s have common criteria for individuals requesting a personal loan which include:
| Category | Self-Employed | Salaried |
|---|---|---|
| Age | 28 years to 65 years (25 years for doctors) | 23 years to 58 years |
| Income |
|
Rs.17,000 (Rs.25,000 for metro cities) |
| CIBIL Score | Above 750 | Above 750 |
| Loan amount | 75 k(Min)- 15 Lakh (Max) | 75 k(Min)- 20 Lakh (Max) |
Documents required for Personal Loan
Each bank and NBFC has different documentation criteria for the personal loan. These are the common documents which is required by most of the banks and NBFC’s for individual requesting a personal loan include:
| Documents for Salaried Individuals: | Documents for Self-Employed: |
|---|---|
| Proof of Identity: Passport, Driving License, Voters ID or PAN Card | Proof of Identity: Passport, Driving License, Voters ID or PAN Card |
| Proof of Residence:-Passport or utility bills | Proof of Residence:-Passport or utility bills |
| Latest 3 months Bank Statement of Salary Account | Income proof: Audited financials for the last two years. |
| Salary slips for the last 3 months. | Last 6 months Bank statement. |
| Office address proof |
How to apply for Personal Loan
In 4 steps you can easily apply for personal loan in no time
- Firstly, you have to fill a simple application form that will demand your basic personal information given on the site.
- We already have a coordination with 30+ banks/NBFC to get your application to them.
- Compare interest rates on your own and choose the best one for you.
- We will send you an e-approval that your loan application is accepted within 24-48 hours and the amount will be credited to your account.
Personal Loan Interest Rates Table
| Bank Name | Interest Rates |
|---|---|
| SBI | 12.5% to 16.5% p.a. |
| ICICI | 11.59% to 18.49% p.a. |
| Axis Bank | 15.50% to 24% p.a. |
| HDFC Bank | 15.75% to 20% p.a |
| Citibank | 14.25% to 19.99% p.a. |
| Standard Chartered | 11.99% to 17% p.a. |
| TATA Capital | 13.99% to 17.5% p.a. |
| Oriental Bank | 11.20% to 12.95% p.a. |
| Capital First | 13% to 18.45% p.a. |
| Indusind Bank | 11.25% to 26% p.a |
| Fullerton India | 21% to 40% p.a. |
| Kotak Mahindra | 11.5% to 24% p.a. |
| Aditya Birla | 14% to 16% p.a. |
Testimonials
Some of our Awesome Testimonials
“I had to just fill my personal loan form at FinBucket. They automatically searched across 50+ partner banks and NBFCs and gave the best deal to me.”
Nitin Bhatia, COO,
CaterWow Private. Limited
“I had taken loan for the first time online. Instant assistance and patience from team FinBucket helped me apply and get loan easily at Hyderabad.”
Shikha Bhatia,
Founder, Shiksha Learning Academy
“I am very satisfied with the services and business relation with FinBucket. It was easy and simple to get any information regarding loan in Hyderabad.”