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Enjoy Zero Charges on All Commonly Used Savings Account Services
- About Us
- MD & CEO letter about the bank
- MD & CEO
- Our History
- Letter to Shareholders on the 1st Annual Report after Merger
- Letter to Shareholders on the 2nd Annual Report after Merger
- Letter to Shareholders on the 3rd Annual Report after Merger
- Letter to Shareholders on the 4th Annual Report after Merger
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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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Enjoy quick, paperless disbursal in a few clicks
with IDFC FIRST Bank Personal Loans
EMI starting at ₹1,699/Lakh
Enjoy quick, paperless disbursal in a few clicks
with IDFC FIRST Bank Personal Loans
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Competitive interest rates starting at 10.75%
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Completely digital, paperless online process
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Balance transfer of existing Personal Loans and Credit Cards at affordable rates
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Flexible tenure up to
84 months
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Competitive interest rates starting at 10.75%
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Completely digital, paperless online process
-
Balance transfer of existing Personal Loans and Credit Cards at affordable rates
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Flexible tenure up to
84 months
Personal Loan in Hyderabad
Known as the city of nawabs, Hyderabad is a bustling metropolis with a rich history and culture. The city is a gold mine for students and professionals looking for the best schools and career opportunities. Moving to a new city is never easy, but the people of Hyderabad make it easy with their kindness and humility. Hyderabad's culinary culture is also well-renowned, making it one of India's best places to live.
The city also scores big on the cost of living. It is not as expensive as some of the other metros in India, and accommodation is affordable. However, if you are shifting bases and moving to the city permanently, you could be set for a significant outlay. A personal loan in Hyderabad can prevent that, helping protect your savings.
How to apply for a Personal Loan in Hyderabad?
Here is what you need to know when you are applying for a personal loan in Hyderabad:
IDFC FIRST Bank has an online personal loan application process. You can apply on our website or mobile app and avail a loan.
The online application process involves four stages.
Stage 1: Online application
To apply for an instant personal loan, visit our website or the IDFC FIRST Bank Loans app. You can apply for a personal loan online by filling an online application form.
Stage 2: Approval
Based on your eligibility, your loan request will be approved or denied.
Stage 3: Upload documents
Upload the documents needed for verification.
Stage 4: Disbursal
After verification, the instant loan will be disbursed into your account.
Eligibility
Documentation
Self-employed and salaried individuals must provide almost the same documents to avail an instant personal loan in Hyderabad. They include:
- PAN Card
- Form 60 (To be submitted only if PAN card is not available)
- Any 1 Official Valid Document (OVD) is mandatory from the below:
- Valid Passport with expiry date, photograph, and signature
- Aadhaar card issued by the Unique Identification Authority of India (UIDAI)
- Voter’s ID issued by the Election Commission of India
- Driving license issued by regional transport authority
- Job card issued by the National Rural Employment Guarantee Act (NREGA) and duly signed by an officer of the state government
- National Population Register containing details of name and address
Who can apply?
Before applying for a loan, you must check if you fulfil the eligibility criteria. Here are the requirements you must meet to avail an instant loan from IDFC FIRST Bank in Hyderabad:
For self-employed individuals
- Minimum age: 25
- Maximum age: 65 (at the time of loan maturity)
- The business must be in existence for a minimum of 3 years
For salaried individuals
- Minimum age: 23
- Maximum age: 60 (at the time of loan maturity) or retirement, whichever comes first
- Minimum monthly salary: ₹20,000 per month
CALCULATOR
Personal Loan EMI Calculator
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Surojit Mukherjee
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Ravi Bhushan
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Ajay Das
A personal loan eligibility calculator can be used to check eligibility in a few seconds. If you meet the eligibility criteria, you can borrow an amount ranging from ₹20,000 to ₹40 lakhs from IDFC FIRST Bank.
Minimum salary to apply for a Personal Loan in Hyderabad
The minimum salary an individual needs when applying for a loan in any part of India is ₹20,000. It applies to every state in the country, barring Mumbai and Delhi, where the minimum salary requirement is ₹25,000. Hence, to apply for a personal loan in Hyderabad, an individual must make ₹20,000 per month.
Personal Loan interest rate in Hyderabad
| Types of Fees | Applicable Charges |
| Personal loan interest rate | Starting 10.75% |
| Processing fees | Processing Fees of upto 3.5% will be deducted from the loan amount at the time of disbursal |
| Late payment fees | 2% of the unpaid EMI or Rs 300 whichever is higher. The late payment fees might be applicable from the date of default to the date of payment. |
| Stamp duty | As per actuals |
IDFC FIRST Bank's instant personal loan in Hyderabad is one of the quickest and easiest ways to receive financial support when you need it. With a simple process and fast disbursal, you can instantly fulfil your financial requirements.
FREQUENTLY ASKED QUESTIONS
What is an EMI?
An equated monthly instalment (EMI) is a pre-determined monthly payment made by a borrower to a lender on a pre-determined date each month. EMIs include both interest and the principal amount. With every personal loan EMI payment, your principal and interest keep decreasing.
What are the fees and other charges?
The following charges apply to instant personal loans in Hyderabad:
- • The bank will levy an EMI bounce charge of 400.
- • Cancellation/rebooking charges stand at 1% of the loan amount + interest from the date of disbursal till receipt of cancellation request. It is to be received within 30 days of the loan booking date or the 1st EMI payment date, whichever is earlier.
- • Foreclosure charges are fixed at 5% of the loan amount. Foreclosure/prepayment of the loan is possible anytime during the loan tenure after payment of 12 or more EMIs.
What is my loan interest rate?
IDFC FIRST Bank offers an interest rate starting at 10.75%. It is among the most competitive in the market.
How much processing fee should I pay for a personal loan?
A processing fee of up to 3.5% is deducted at the time of disbursal. If the loan amount is less than one lakh, a flat rate of ₹2999 is charged.
How do I pay my EMI?
Paying your EMI is simple. Once the personal loan is disbursed into your account, the lender automatically deducts the EMI amount from your account every month. You must ensure you have sufficient funds in your account on your due date.
What will be my loan repayment period?
Depending on the principal and the EMI amount, the loan repayment period will be between one and five years.
Branch Location
HYDERABAD
HYDERABAD- BN REDDY NAGAR
HOUSE NO C-174, MUNICIPAL NO. 6-2-695 & 6-2-695/1, 1ST FLOOR, YUVA COMPLEX, ABOVE BANK OF MAHARASHTRA, BN REDDY NAGAR ROAD, NEAR GANESH TEMPLE, VANASTHALIPURAM, HYDERABAD – 500070
1860 500 9900HYDERABAD
HYDERABAD-BHEL
PLOT NO.12/PART, DOOR NO. 23-36, 2ND FLOOR, YADHU NIVAS JYOTHINAGAR COLONY, BHEL, RAMACHANDRAPURAM SANGA REDDY DISTRICT. TELANGANA - 502032
1860 500 9900HYDERABAD
HYDERABAD-S B TOWERS
2ND FLOOR, S B TOWER, MUNICIPAL NO. 6-3-354, ROAD NO. 1 BANJARAHILLS, HYDERABAD 500034
1860 500 9900HYDERABAD
HYDERABAD-SUCHITRA
DOOR NO. 06-008/3/44P/B, PLOT NO.44, 1ST FLOOR, ABOVE ICICI BANK, VENKATESHWARA ENCLAVE, SUCHITRA, HYDERABAD, TELANGANA-500067
1860 500 9900HYDERABAD
HYDERABAD-UPPAL
1ST FLOOR, TIRUMALA CHAMBERS, PLOT NO. 787 A, BUDDHA NAGAR, MAIN, ROAD, PEERZADIGUDA VILLAGE, MEDIPALLY MANDAL, MEDCHAL MALAKAJGIRI DISTRICT, TELANGANA DISTRICT.
1860 500 9900
