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Introduction to Personal Loans in Hyderabad

Hyderabad is the capital city of Telangana and is well-known as the city of Nizams. The city is a blend of different things for different people. It has a modern IT hub with huge skyscrapers. Other than this, the old city part has historic monuments, which include the towering minarets of the Charminar and Golconda Fort. It is also famous for its mouthwatering biryani and Nawabi Tehzeeb.

If you are in need of a personal loan in Hyderabad, then lendingplate can fulfill your needs. Lendingplate offers various types of personal loans to fulfil the needs of the local population of Hyderabad, which ranges from Nawabs to youngsters.

Lendingplate offers instant personal loans. The Loan amount can range from ₹10,000 to ₹2.50,000, with a repayment tenure ranging from 3 to 15 months. Get lendingplate’s personal loan online and fulfil your needs.

Personal Loan EMI Calculator

Want to plan your payments with our personal loan EMI calculator monthly? Get clear numbers in seconds to make smarter borrowing decisions.

Amount
25000
Duration
12 M
Interest Rate
36 %
Monthly EMI

₹2512

Total Interest ₹5144
Total Amount ₹30144

Features and Benefits of Personal Loans in Hyderabad

An urgent cash loan in Hyderabad is a need in the present times. At lendingplate you can easily get a loan without much hassle. Here are some of the features and benefits of immediate personal loan in Hyderabad offered by lendingplate.

Digital Process

We offer collateral-free loans. We don’t ask for any collateral as security.

Competitive Interest Rates

We offer personal loans at interest rates that will decrease your repayment burden.

No Collateral

We offer loans without any security or collateral.

Fast Loan Approval

We assure fast approval of loans.

Flexible Loan Amount

We offer loans from ₹10,000 to ₹2.50 Lakhs to meet your financial needs.

Flexible Repayment Option

We give you the option to customise your loan repayment to align with your financial condition.

No Hidden Charges

We are very transparent and do not charge any hidden fees.

Eligibility

Getting a loan depends on meeting basic conditions that show you can repay. We check these factors to approve your loan application quickly and without trouble.

  • Age above 21 years
  • Monthly income of at least ₹20,000
  • Indian citizen living in Bangalore
  • Regular employment or business
  • Active bank account for transactions
  • A good credit history is always appreciatable

 

Documents

We keep paperwork simple so you get your personal loan in Bangalore faster without delays. These documents help us verify your details and process your application right away.

  • Identity Proof (Aadhaar Card / PAN Card / Voter ID / Driving License)
  • Address Proof (Aadhaar Card / Utility Bills / Rent Agreement)
  • Income Proof (Salary Slips / Bank Statements / Form 16 / ITR)
  • Photograph (Recent passport photo)
  • Bank Account Statement (Last 3 months)
  • An email ID and a valid phone number

How to Apply for a Personal Loan in Hyderabad?

  1. Check Loan Eligibility

    Firstly, you will need to check whether you are eligible for the personal loan at lendingplate or not. For this, you can go to lendingplate website and check your personal loan eligibility.

  2. Online Application

    If you meet the eligibility criteria for the loan, then you can follow the instructions and fill the online form. You will be asked basic details. You need to fill it out and submit it.

  3. Provide Documents

    Once your application is in, the next step involves uploading the necessary documents. Upload the documents required for verification.

  4. Verification

    We have our team of loan experts. They will review your loan application and decide whether to approve the loan or not.

  5. Loan Approval

    Based on eligibility criteria and verification, your loan will be approved.

  6. Loan Disbursement

    After loan approval, the amount will be credited to your bank account.

Interest Rates and Charges on Personal Loans in Vadodara

We at lendingplate maintain complete transparency with our interest rates as well as other charges mentioned below –

Charges Details about the Charges
Processing Fee 1% - 5% of loan amount
Conversion Fee 1 - 5% of the amount
Interest Rate 12% - 36% per annum
Foreclosure 5% of the amount [Nil when prepaid on or after your]
Mandate Return Fee 500/- [inclusive of GST]

lendingplate’s Personal Loan Available Across India

Frequently Asked Questions

An Indian citizen with a minimum monthly income of ₹20,000 can apply for a personal loan in Hyderabad.

You should have a minimum credit score of 750 for a personal loan in Hyderabad.

If you fulfil all the requirements, then your loan will be approved and disbursed within 24 hours of application.

If you fail to repay your personal loan EMI, then you will have to face penalty charges, and your credit score will be affected. It would be difficult for you to get any further loans.

There is no specific tax benefit on personal loans. But there are certain scenarios under which you can claim tax benefits on a personal loan in Hyderabad. For example: - Home renovation, home construction, education expenses, starting a business, etc.

No, we offer loans only to Indian Citizens. NRIs can’t apply for personal loans in Hyderabad.

The maximum personal loan amount is set at ₹ 2.50 lakhs.

One can check the eligibility criteria set by the lender. Also, one can use the Personal Loan Eligibility Calculator to check his loan eligibility.

Personal Loan as per Budget

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Personal Loan as per Salary

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