Personal Loan in Hyderabad

 If you are looking for personal loan in Hyderabad, below are some of the best lenders.

• It is a multipurpose loan that can be used for all requirements.
• It is a short-term loan that can easily be rapid in 1 to 7 years tenure.
• Personal loans in Hyderabad are disbursed rapidly if all details and documents are correct.
• Personal loans are unsecured and collateral-free.
• There are various personal loan agents in Hyderabad.
• The eligibility criteria for these loans are simple.
• You can opt for personal loan foreclosure hyderabad if you wish to by paying a foreclosure fee.

For Salaried

• Aged between 21 and 60 years
• Employees of private limited companies, public sector undertakings, central, state and local bodies.
• Applicants should be earning a minimum net income of Rs. 25,000 per month.
• Applicants should have a job for at least last 2 years, with a minimum 1 year with the current employer.

For Self-employed

• Aged between 25 and 65 years
• Doctors, chartered accountants, architects, business owners and other professionals.
• The minimum turnover should be Rs. 15 lakhs as per audited financials.
• Minimum Profit After Tax should be Rs. 2 lakhs as per audited financials.
• Applicants should be in their current profession for at least the last 3 years.

Check the eligibility for personal loan agents in Hyderabad before applying for the loan. The criteria may vary from lender to lender.

You must submit the following documents to avail of personal loan services in Hyderabad:

For Salaried

• Identity proof, like Passport, Driving License, Voter ID, PAN Card (any one).
• Residence proof, like Leave & License Agreement, Utility Bills (not more than 3 months old), Passport (any one).
• Last 3 months’ Bank Statements of salary account.
• Salary slips of the last 2 months.
• 2 passport size photographs.

For Self-employed

• Proof of identity, address and date of birth.
• Residence proof, like Leave & License Agreement, Utility Bills (not more than 3 months old), Passport (any one).
• Audited financials for the last 2 years.
• Last 6 months’ bank statements.
• Office address proof.
• Residence proof or office ownership.
• Proof of business continuity.

• Shop around and check interest rates, fees and other terms of all personal loan offers of money lenders in Hyderabad.
• Get a highly eligible co-applicant.
• Avoid processing fees by searching for personal loan financers in Hyderabad who don't charge processing fees.
• Use collateral if you have, such as gold, property, deposits, etc.
• Choose a shorter tenure.
• Lower your debt-to-income ratio.
• Improve your credit score.