Get Personal Loans in Hyderabad
Hyderabad, known for its fast-paced development in IT, pharma, and real estate, often presents financial challenges for individuals. Whether it’s managing wedding expenses, higher education costs, or sudden medical bills, WeCredit offers personal loans customized to the needs of Hyderabad residents.
Personal Loan EMI Calculator
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Personal Loan Interest Rates in Hyderabad
Here’s a comparison of personal loan interest rates from various lenders:
| Lenders | Interest Rate |
|---|---|
| Moneyview | 15.6% |
| KreditBee | 18% |
| Fibe | 18% |
| Prefr | 18-36% |
| L&T Finance | 10.8% |
| Incred Finance | 15.6%-36% |
| Bank of Baroda | 10.10% |
| Bank of India | 10.25% |
| IDBI Bank | 9.5%-14% |
| PNB | 11.40% |
| State Bank of India | 11.15% |
| Union Bank of India | 9.30% 13.40% |
| ICICI Bank | 10.75% 19% |
| Indusind Bank | 10.5% Onwards |
| IDFC First Bank | 10.75% |
| Kotak Mahindra Bank | 10.5% |
| RBL Bank | 14%-23% |
Small Cash Loan Using Your Aadhar Card
Documents Required to Apply for a Personal Loan
| Category | Documents |
|---|---|
| KYC Documents |
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| Income Documents – Salaried |
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| Income Documents – Self-employed |
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| Other Documents |
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Key Features of Personal Loans in Hyderabad
- Online and easy-to-fill application process
- Quick approval and fast disbursal
- Minimal documentation required
- Flexible repayment tenures from 1 to 5 years
- Affordable interest rates
- Pre-approved loan offers available
- Option to repay in easy EMIs
How to Get a Low-Interest Personal Loan in Hyderabad
If you have a good credit score (700+):
You’ll be eligible for the best offers from WeCredit’s partnered banks and NBFCs.
If your credit score is low:
WeCredit still offers secured loans, co-borrower options, and custom plans to help you qualify for financing—even with bad credit.
Personal Loans for Self-Employed Individuals
Eligibility Criteria
| Criteria | Details |
|---|---|
| Citizenship | Indian |
| Age Limit | Minimum 21 years at loan application and maximum 60 years at loan maturity |
| Monthly Income | ₹20,000 |
| Work Experience (Salaried) | Minimum 1 year, but some lenders require more than one year of experience |
| Work Experience (Self-employed) | Minimum 2-3 years of experience required |
| Credit Score | 700 or above |
*Personal loan eligibility criteria may vary from lender to lender.
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Receive fast approval on your loan application, getting you the funds you need without delay.
1. How fast can I get a personal loan in Hyderabad?
If you apply online through WeCredit, you may receive instant approval within a few minutes, provided your documents are complete. Some banks may take 1–3 working days.
2. Are there personal loan options for IT professionals in Hyderabad?
Yes, many salaried individuals in the IT sector get easy approvals due to stable income. You just need to submit recent salary slips and bank statements.
3. I live in a rented flat in Madhapur. Can I apply for a loan?
Yes, your residential status doesn’t affect eligibility. Just provide a valid rent agreement or utility bill along with your KYC and income documents.
4. Can I get a personal loan if I work in a startup in Hyderabad?
Yes, salaried employees working in registered startups are eligible. However, lenders may require proof of stable income for at least 6–12 months.
5. Do any banks in Hyderabad offer personal loans at lower interest rates?
Yes, banks like Union Bank of India, IDBI Bank, and Bank of Baroda offer personal loans with interest rates starting from as low as 9.3% depending on your credit score and employer profile.
6. Is a CIBIL score mandatory for loan approval in Hyderabad?
Most lenders require a minimum CIBIL score of 700. However, some NBFCs offer loans to those with lower scores at slightly higher interest rates or against security.