Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!

Hyderabad, the capital of Telangana, is one of the fastest-developing cities in India. Consequently, the presence of an emerging IT hub and sophisticated lifestyles has made the cost of living in Hyderabad expensive due to which you might face difficulty managing your finances. 


However, a personal loan can help you live your life to the fullest without facing any cash crunch in this ‘City of Nizams’. You can easily get a personal loan at really affordable personal loan interest rates starting from just 10.49% p.a. at the platform of Bajaj Markets.

Personal Loans in Hyderabad Details

If you are planning to settle down soon, taking a marriage loan/wedding loan can be a good option, or if you wish to take a break from work you may be thinking of a travel loan/holiday loan. However, with a personal loan, you can spend the money the way you want. It can be a great way that suits all your financial needs. Take a look at these important details before you apply for a personal loan in Hyderabad. 

Type of Loan

Personal Loan

Maximum Loan Amount

Up to ₹50 Lakhs 

Interest Rate 

Starting from 9.65%

Loan Repayment Tenure

12-60 months 

Preclosure Charges

2% -3% of the outstanding loan amount

One-time Processing Fee

0.5% - 3.50% of the loan amount

Penalty Charges

2% of the due loan due amount

**Disclaimer: The figures mentioned in this table are subject to constant change with the change in norms and policies of the lending institutions.

Features & Benefits of Personal Loan in Hyderabad

There are numerous benefits of availing a personal loan to finance your lifestyle needs or when you are in urgent need of funds in case of an emergency. Given below are some of the features and benefits of availing a personal loan in Hyderabad:

  • Minimal Documentation:

These days, many banks and NBFCs are willing to grant personal loans with minimal documentation if you have a healthy credit profile and already have a good relationship with them.

  • Quick Disbursement:

On successful approval of your loan application, most lenders would disburse the loan amount to your bank account within 24 hours.

  • Flexible Tenure:

Most lenders allow you to repay your personal loan comfortably over a tenure of 12 to 60 months.

  • No Hidden Charges:

There are no hidden charges involved if you apply for a personal loan from the Bajaj Markets portal.

  • Swift Approval:

All you need to do is fill in an online application form and upload the relevant documents. Your personal loan application will be approved instantly and the amount shall be disbursed within 24 hours of approval.

  • Online Loan Account:

Get convenient access to your loan account anytime and anywhere with the Bajaj Markets customer portal.

Personal Loans Offered by Various Lenders in Hyderabad

The following table would give you an idea of what to expect when taking an instant personal loan

Lending Institution

Interest Rate p.a


Loan Amount

Processing Fees

Bajaj Finance

13.5% onwards

12 - 60 months

Up to ₹25 Lakhs

1% of the loan amount

Axis Bank

10.49% onwards

12 - 60 months

Up to ₹40 Lakhs

Up to 2% of loan amount

PaySense Partners

14% onwards

03 - 48 months

₹5000 to ₹5 Lakhs

Up to 3% of the loan amount

Fibe (formerly known as EarlySalary)

24% p.a. onwards

03 - 24 months

Up to ₹5 Lakhs

Up to 3% of the loan amount


27% onwards

03 - 18 months

Up to ₹4 Lakhs

Ranges from flat ₹85 to 3% of the loan amount


12.24% onwards

Up to 24 months

₹1000 to ₹4 Lakhs

Ranges from ₹0 to 6% of the loan amount

Fullerton India

12% onwards

12 - 60 months

Up to ₹25 Lakhs

Ranges from 0% to 6% of the loan amount

Muthoot Finance

14.50% onwards

12 - 60 months

Up to ₹10 Lakhs

2% - 4% of the loan amount

YES Bank

10.49% onwards

12- 72 months

Up to ₹50 Lakhs

Upto 2% of loan amount


24% onwards

Up to 3 months

₹500 - ₹30,000

Ranges from flat ₹50 to ₹200


12.75% onwards

03 - 42 months

₹5000 to ₹5 Lakhs

Ranges from 2.50% - 4% of the loan amount 


16% onwards

12 -60 months

₹75,000 to ₹15 Lakhs

2% - 4% of the loan amount

**Disclaimer: The figures mentioned in the above table are subject to constant change. Please check with the lender of your choice before applying.

How to Calculate Your Personal Loan EMI in Hyderabad

Loan Amount
  • Months
  • Years
Rate of Interest

Your monthly EMI is

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest Amount
Year Principal Interest Balance

Having an idea of the EMI payment needed to repay the personal loan in Hyderabad helps you in planning in a better way. Calculating personal loan in Hyderabad is a matter of only a few clicks with a personal loan calculator. It is a digital tool that you can use to estimate the EMI for personal loan in Hyderabad.The personal loan calculator is readily and easily available online. 


The personal loan eligibility calculator/criteria require you to enter the loan amount you want to borrow, the interest rate of your bank, and your preferred repayment tenure. You can tweak the details as many times as you want to attain different results and choose the best suitable repayment tenure for yourself. 


Most of the banks and financial institutions offer a personal loan calculator on their website so you can easily access them. With this personal loan EMI calculator tool, you no longer need to visit different banks repeatedly; rather you can compare plans on your own and in no time.


Also, here is the formula that you can use to calculate the EMI of your personal loan in Hyderabad:

EMI = [P x R x (1 + R)^N] / [ (1+R) ^N - 1 ] 




EMI is Equated Monthly Instalment


P is the principal amount


R is the monthly rate of interest


N is the loan repayment tenure (in months)

Eligibility Criteria for Personal Loan in Hyderabad

While eligibility criteria are different for every lender, some of the general eligibility conditions that you will need to fulfil for most personal loans are as under


  • You must be an Indian citizen

  • You must have a regular source of income. You can be either a salaried employee of a company or a self-employed individual

    1. Salaried Employees: You need to have a monthly salary of a minimum ₹15,000 to avail of a personal loan

    2. Self-Employed: You need to have an annual income of minimum ₹2 Lakhs to avail of a Hyderabad personal loan

  • You must be a legal adult- at least 18 years of age. Some lenders have a higher (lower) age limit- 21 years or 25 years. There is also an upper age limit to be eligible for a personal loan which is usually between 58 and 65 years.

Documentation Required to Apply for a Personal Loan in Hyderabad

You will need to furnish the following documents while applying for a personal loan:


  • Identity Proof: Voter ID Card, Aadhaar Card, PAN Card, passport etc.

  • Address Proof: Aadhaar Card, driving licence, Voter Card, passport, utility bills, rent agreement, etc.

  • Proof of Income: Latest salary slips (usually last three months’ salary slips are required) or income return certificate or latest Form 16.

How to Get a Personal Loan at Lowest Interest Rates in Hyderabad?

By following a few simple tips, you may make way for some of the lowest interest rates for a personal loan in Hyderabad These are:

  • Maintaining a Good CIBIL Score

The CIBIL or credit score is a quick indicator of your past loan repayment records. Generally, a CIBIL score above 750 is considered a good one and most banks/ financial institutions expect you to have a CIBIL score above 700-750. It indicates that you have paid back your loans and financial debts on time and so, the loan provider considers you an applicant with low risk.

  • Debt-to-Income Ratio 

The standard debt-to-income ratio that most banks and financial institutions prefer is below 40%. This means if your overall financial debt is less than 40% of your total income, you have a higher chance of enjoying a lower interest rate as well. Less debt burden leads to better rates. 

  • Do Not Rush 

When you plan to borrow a personal loan in Hyderabad, you need not hurry. Take your time and compare several plans available. For this, you may also use a personal loan calculator and enter personal loan details of various banks to analyse the EMI that you will have to pay, the repayment tenure that suits you, etc. Only after a detailed comparison should you settle down with the most suitable personal loan in Hyderabad.

  • Check the Lender’s Credibility 

Like a bank checks the credibility of the individual seeking loan, the loan seeker should also check the credibility of the bank. You may check the past records of the bank and other criteria to be sure about the claims and offerings of the bank.

  • Do Not Skip 

When you decide which personal loan in Hyderabad you are willing to borrow, the bank prepares the formality papers for you. Before you sign the paper and confirm the loan agreement, it is essential that you read the fine print minutely no matter how much time it takes. It is important to understand all the terms and conditions before signing the papers.

How to Apply for a Personal Loan in Hyderabad

Applying for a personal loan in Hyderabad is an easy and hassle-free process. All you need to do is follow the steps mentioned below:


  • Step 1: Visit the Personal Loans page on Bajaj Markets..

  • Step 2: Click on “Apply Now”. A new page will open with a form in which you need to fill in a few details.

  • Step 3: Enter some basic details like your income, type of employment, and contact number.

  • Step 4: Compare the loan offers from the various partner lenders and pick the one that suits you the best.

Comparison of Personal Loan Interest Rates of Top Banks/NBFCs in Hyderabad

Take a look at the table given below to make an easy comparison of the loan repayment rate of interest:

Lending Institution

Interest Rate p.a.


Loan Amount

Processing Fees


10.49% - 25%

12-60 months

Up to ₹1 Crore

3.5% of the loan amount

IndusInd Bank

10.25% -26%

12-60 months

Up to ₹50 Lakhs

3% of the total loan amount


10.50% -25.00%

03-72 months

Up to ₹40 Lakhs

Up to ₹4999

Tata Capital 

10.99% - 24%

12-72 months

Up to ₹35 Lakhs

2.75% of the loan amount

Ujjivan Small Finance Bank

11.49% - 16.49%

12-60 months

Up to ₹15 Lakhs

2% of the loan amount or ₹2,000 (whichever is higher)

**Disclaimer: The figures mentioned in the above table are subject to constant change. Please check with the lender of your choice before applying. Please note that the above-mentioned banks/NBFCs have not partnered with Bajaj Markets

FAQs on Personal Loan in Hyderabad

  • ✔️ What is the tenure range of personal loans in Hyderabad?

    Generally, the repayment tenure for a personal loan in Hyderabad ranges between 1 to 5 years. Personal loan EMI depends on the tenure.

  • ✔️Can I prepay a loan after a couple of months in Hyderabad?

    For most of the banks in Hyderabad, prepayment is allowed after six months. However, if you wish to make a prepayment of the loan after a couple of months of loan disbursement, you may have to pay prepayment penalties/charges.

  • ✔️Can you get tax benefits on personal loans in Hyderabad?

    No, personal loans do not hold any tax benefit. However, in some cases of personal loans (depending on the use of the amount), you may claim a tax deduction at the time of filing income tax returns, you may clarify the same from the Income Tax Department website. 

  • ✔️What is the minimum salary for a personal loan required in Hyderabad?

    The minimum salary requirement for a personal loan in Hyderabad usually ranges between ₹7,500 to ₹50,000 for salaried employees. For self-employed individuals, the minimum income requirement may range between ₹1 Lakh to ₹2 Lakh (annual).