Instant Personal loan in Hyderabad
Hyderabad, the capital of Telangana and de jure capital of Andhra Pradesh, is a city of historical significance and modern industrial growth. Known as the City of Nizams, it is home to rich culture, the Telugu film industry, and IT sector SEZs, employing 90% of its workforce. If you're seeking private finance in Hyderabad, Bajaj Finserv is among the trusted loan providers in Hyderabad, offering up to Rs. 55 lakh with no collateral. Avail loans in Hyderabad at competitive rates, repay with flexible EMIs, and manage accounts online effortlessly. Visit our branches or apply online for instant approval.
Features and benefits of personal loan in Hyderabad
-
Loans up to Rs. 55 lakh
Get a personal loan of up to Rs. 55 lakh to meet your diverse needs effortlessly.
-
Fast approval
Get an immediate personal loan in Hyderabad with fast approval on online loan applications with Bajaj Finance Limited and save yourself from the hassle of waiting in queues.
-
No hidden charges
As per our terms and conditions, no hidden charges are imposed. Pay nominal rates only.
-
Repay easily
Select a repayment schedule that best matches your financial capability. Tenors of up to 96 months are available.
-
Access online account
Through our customer portal – My Account, get access to your loan account online 24x7.
-
Enjoy a hassle-free documentation process with minimum paperwork.
Minimal documentation
-
Reduce EMIs
Lower the loan EMIs by up to 45%* and repay easily with our Flexi loan facility.
-
Money in bank in 24 hours*
Wait up to 24 hours* after approval to receive the entire loan amount in your bank.
*Conditions apply
Eligibility criteria for Loans in Hyderabad
Match these requirements to qualify for a personal loan in Hyderabad. Use the personal loan eligibility calculator to check your eligibility instantly and ensure you meet the necessary conditions for approval.
-
Nationality
Indian, resident of India
-
Employment
Must be a salaried employee at a reputed MNC or a private/ public limited company
-
Credit score
Above 685
-
Age
Between 21 years to 80 years*. 80 years* or younger, at the end of the loan tenure.
-
Income
Starts at Rs. 35,000. Refer to our eligibility page for other details
Besides meeting the above criteria, try to improve your eligibility by reducing your financial liabilities. Maintain a clean credit report with no signs of default. Bajaj Finserv offers some of the best features in the market to eligible borrowers.
Documents Required to Get a Personal Loan in Hyderabad
To apply for a personal loan in Hyderabad, you'll need to submit a few essential documents. Know more about the personal loan documents requirement. Having these documents ready ensures a smooth application process and faster approval.
- KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
- PAN card
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
- Piped gas bill
- Pension order
- Letter of Allotment of Accommodation Issued by Employer
- Property / Municipal tax receipt
- Utility bill
- Real-time image / photograph
- Ration card
Current Interest Rate on Personal Loans
Use the interest calculator to get accurate repayment details based on the latest rates for a personal loan. It helps you plan better with competitive interest rates and manage your loan efficiently, ensuring lower EMIs. By understanding the fees and charges, you can make informed decisions and comfortably repay your loan.
Type of fee |
Applicable charges |
Rate of interest |
10% to 31% p.a. |
Processing fees |
Up to 3.93% (Inclusive of applicable taxes) of the loan amount. |
| Flexi Facility Charge | Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)
*All the above Flexi facility charges are inclusive of applicable taxes *Loan amount includes approved loan amount, insurance premium, and VAS charges. |
Bounce charges |
Up to Rs. 1,200/- per bounce |
| Pre-payment charges | Full Pre-payment: Foreclosure can be processed post clearance of first EMIs. •Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment. •Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment. |
Penal charge |
Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from loan amount. |
Annual maintenance charges |
Term Loan: Not Applicable |
| Principal Holiday Facility Fees |
Above charges are inclusive of applicable taxes & will be deducted upfront from loan amount *(Loan amount includes approved loan amount, Insurance Premium & VAS Charges) |
Note: Additional cess if any, will be applicable to all charges according to state law.
*Terms and conditions apply.
Our Personal Loan branches in Hyderabad
|
Know more:
Frequently asked questions
To get a personal loan with a low CIBIL score, you can explore options with lenders who consider other factors like income, employment stability, and repayment capacity, rather than just the credit score.
Yes, you can qualify based on other factors like credit history, employment status, and repayment capacity.
No, personal loans are unsecured, meaning no collateral is required.
The loan can be approved and disbursed within 24-48 hours, depending on the application and verification process.
The minimum income typically starts at ₹15,000 per month for salaried individuals.
No, submitting the required documents is essential for verification and loan approval.
Your income helps determine your repayment capacity and eligibility for the loan amount.
Loan processing is typically quick, with approvals and disbursal happening within 24-48 hours, depending on document verification and other factors.
