‌
‌

Bajaj Finserv in Hyderabad

Hyderabad is the capital city of the newly formed Telangana state. Serving as the de jure capital of Andhra Pradesh, it is an important industrial city housing various educational, financial and manufacturing units.

If you are looking for the best personal loan provider in Hyderabad to get instant finance then you must choose to apply for a loan from Bajaj Finance Limited. With us, you can avail of an instant personal loan in Hyderabad at reasonable interest rates and can address diverse financial needs. Walk into either of our 2 branches in the city or apply online for immediate approval.

Features and benefits of personal loan in Hyderabad

  • Loans up to Rs. 55 lakh

    Loans up to Rs. 55 lakh

    Get a personal loan of up to Rs. 55 lakh to meet your diverse needs effortlessly.

  • Fast approval

    Fast approval

    Get an immediate personal loan in Hyderabad with fast approval on online loan applications with Bajaj Finance Limited and save yourself from the hassle of waiting in queues.

  • No hidden charges

    No hidden charges

    As per our terms and conditions, no hidden charges are imposed. Pay nominal rates only.

  • Repay easily

    Repay easily

    Select a repayment schedule that best matches your financial capability. Tenors of up to 96 months are available.

  • Access online account

    Access online account

    Through our customer portal – My Account, get access to your loan account online 24x7.

  • Minimal documentation

    Minimal documentation

    Enjoy a hassle-free documentation process with minimum paperwork.
  • Reduce EMIs

    Reduce EMIs

    Lower the loan EMIs by up to 45%* and repay easily with our Flexi loan facility.

  • Money in bank in 24 hours*

    Money in bank in 24 hours*

    Wait up to 24 hours* after approval to receive the entire loan amount in your bank.

Nicknamed the City of Nizams, Hyderabad has rich historical significance and its literature, painting, jewellery, handicraft, clothing and dialect hold prominence even today. India’s second-largest motion pictures producer, the Telugu film industry, is based here. Hyderabad also has SEZs for the IT sector, thereby attracting several MNCs to contribute to its economy. The predominant service sector employs almost 90%* of the city’s workforce.

If you are a salaried employee of an MNC or other enterprises, Bajaj Finserv brings high-value personal loans for you. Avail of up to Rs. 55 lakh against no collateral in Hyderabad. Repay over a flexible tenor with manageable EMIs and free yourself from debt. Our online account management facility allows you to track all the loan details from anywhere, anytime, with ease.

*Conditions apply

Read More Read Less

Eligibility criteria for Loans in Hyderabad

Match these personal loan eligibility criteria to qualify for a high loan amount in Hyderabad.

  • Nationality

    Nationality

    Indian, resident of India

  • Employment

    Employment

    Must be a salaried employee at a reputed MNC or a private/ public limited company

  • Credit score

    Credit score

    Above 685

  • Age

    Age

    Between 21 years to 80 years. 80 years or younger, at the end of the loan tenure.

  • Income

    Income

    Starts at Rs. 35,000. Refer to our eligibility page for other details

Besides meeting the above criteria, try to improve your eligibility by reducing your financial liabilities. Maintain a clean credit report with no signs of default. Bajaj Finserv offers some of the best features in the market to eligible borrowers.

Read More Read Less

Interest rates and charges for Loans in Hyderabad

Bajaj Finance Limited offer low-interest personal loans in Hyderabad. Check our personal loan interest rate and charges before applying for a loan.

Personal loan interest rates and applicable charges

Type of fee

Applicable charges

Rate of interest

10% to 32% p.a.

Processing fees

Up to 3.93% of the loan amount (inclusive of applicable taxes).
Flexi Fee

Term Loan – Not applicable

Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)

  • Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000
  • Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999
  • Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999
  • Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999
  • Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999
  • Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999
  • Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999
  • Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999
  • Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above

*All the Flexi charges above are inclusive of applicable taxes

*Loan amount includes approved loan amount, insurance premium, and VAS charges.

Bounce charges

Rs. 700 - Rs. 1,200 per bounce.
“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason
Pre-payment charges

Full Prepayment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment.
  • Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.
  • Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full prepayment.

Part-prepayment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) of the principal amount of the loan prepaid on the date of such part-prepayment.
  • Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid.

*Foreclosure will be processed post clearance of first EMI

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge of Rs. 8 - Rs. 12 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.

Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure.
Broken period interest / Pre-monthly Instalment interest

Broken Period Interest/Pre-monthly instalment Interest" shall mean the amount of interest on loan for the number of day(s) which is (are):

Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the loan.

Method of recovery of Broken Period Interest/pre-monthly instalment interest:

  • For Term Loan: Deduct from disbursement or added in first EMI, as applicable.
  • For Flexi Term Loan: Added to first instalment amount.
  • For Hybrid Flexi Loan: Added to first instalment amount.

Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the loan, interest on first instalment will be charged for actual number of days.
Switch fee Up to 0.0118 of the loan amount (inclusive of applicable taxes).
Switch fee is applicable only in case of switch of loan. In switch cases, processing fees will not be applicable.
Cash collection handling charges Rs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs.
Cash deposit charges Customers will incur a cash deposition charge of Rs. 50 (inclusive of applicable taxes) when making cash payments at our branch offices.
Platform Fees Rs. 11 (inclusive of applicable taxes) will be charged for utilizing the payment gateway to make part or full payments towards the loan through digital properties.

Note: Additional cess if any, will be applicable to all charges according to state law.

*Terms and conditions apply.

For Micro Finance Loans, please note below:
Purchase of any non-credit product by the microfinance borrowers is purely on a voluntary basis. Minimum interest, maximum interest, and average interest are 0.13, 0.38, and 40.00% per annum respectively. Part-prepayment and foreclosure charges are NIL. {Average interest rate is higher than max interest rate, because maximum interest rates was reduced effective 02 May 2024 however average interest rate is computed on a volume weighted basis for last quarter (Apr'24 - Jun'24)}

Related videos