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List of Top Banks and NBFCs Offering Personal Loans in Hyderabad
HDFC Bank
Up to ₹40L
10.9% - 24%
Upto 6 Years
₹6,500
Axis Bank
Up to ₹10L
11.25% - 22%
Upto 5 Years
Upto 2%
Kotak Mahindra Bank
Up to ₹35L
10.99% - 16.9%
Upto 6 Years
Upto 5%
IDFC FIRST Bank
Up to ₹10L
10.7% - 23.99%
Upto 5 Years
Upto 2%
ICICI Bank
Up to ₹50L
10.85% - 16.65%
1-6 Years
Upto 2%
Who Can Apply for a Personal Loan in Hyderabad
The personal loan eligibility depends on the following factors:
| Eligibility Criteria | Salaried Applicants | Self-Employed Applicants |
| Age | 18-60 years | 18-60 years |
| Credit Score | 750+ preferred | 750+ preferred |
| Minimum Monthly Income | Rs 15,000 | Rs 5 lakh p.a. |
| Work Experience/Business Continuity | Usually 1 year of work experience | 3 years of business continuity |
Where to Apply for a Personal Loan in Hyderabad
You can apply for a personal loan directly from the bank or NBFC, or through Paisabazaar’s website or app. Paisabazaar helps you:–
- Get pre-approved loan offers
- End-to-end digital processing
- Quicker loan disbursal
- Check your credit score for free
- Know your chances of approval
Pre-Approved Personal Loans in Hyderabad:
At Paisabazaar, you can get pre-approved loan offers from IndusInd Bank, Axis Bank, Moneyview, Aditya Birla Capital, Hero Fincorp and other top lenders. Have a look at the interest rates of pre-approved personal loan offers available on Paisabazaar.
Need a Higher Personal Loan Amount in Hyderabad?
If you need a higher personal loan, say Rs 5 lakh personal loan (or more), you can explore personalized loan offers on Paisabazaar from 30+ top lenders.
All you just need to
- Click anywhere on the apply section of the website or simply download the Paisabazaar App.
- Fill in annual income details, salary bank account, employment type, current residence, etc, to get your personal loan offers.
- You can check your eligibility and know your chances of approval.
Basic Documents Required for Personal Loans in Hyderabad:
- Aadhaar Card and PAN Card for identity and address verification.
- Salary slips for the last 3 to 6 months for income verification for salaried employees.
- Audited P&L Statement and Balance Sheet for the last 1 year for self-employed applicants.
- Bank account statements for 1 year.
- Employment proof includes an offer letter, work experience, or company ID.
Local Safety Tips for Taking Personal Loans in Hyderabad
- Read the loan terms and conditions carefully. Interest rates and APR, processing fees, foreclosure charges, EMI penal charges, etc, can vary.
- Avoid sharing PAN, Aadhaar via WhatsApp or unknown links.
- No genuine lender will ask for payment before loan approval.
FAQs on Personal Loan Hyderabad
Can I get a personal loan in Hyderabad with a low credit score?
Most lenders prefer a credit score of 750 and above. Some banks and NBFCs may offer loans to low-credit-score applicants but at a higher interest rate.
Can I get a loan in Hyderabad with a low salary?
Most lenders usually set a minimum monthly income of Rs 15,000. But for higher loan amounts, the lender may set a higher income criterion.
How long does it take to disburse a personal loan in Hyderabad?
For regular applications, loan disbursal may take 3 to 7 working days, depending on credit evaluation and documentation. For instant personal loans or pre-approved, disbursal can be within minutes to 1-2 business days.
What maximum loan amount can you apply for in Hyderabad?
Most lenders offer a personal loan for a loan amount up to Rs 40 lakh. The eligible loan amount would depend on your credit profile and the lender’s policies.
