Hyderabad is the erstwhile city of the Nawabs but today it is a booming economic powerhouse that contributes over 65% of the state’s GDP. Hyderabad is clocking massive growth and is set to be the third-fastest growing Asian city between 2020-2024.
Besides, Hyderabad has a burgeoning population of over 10 million. Such mind-boggling statistics reveal the aspirational needs of a growing population. Increased literacy with growing job opportunities will raise ambitions and place more demand for funds. To satisfy the insatiable appetite of an aspirational workforce, SMFG India Credit provides a host of personal loans in Hyderabad at the most competitive rates among a sea of personal loan providers in Hyderabad.
The documents required are fundamental and should be available and handy with any individual residing in India and, thus, in Hyderabad.
Here is what you need to do.
SMFG India Credit endeavours to fulfil the dreams, hopes, and aspirations of any aspiring loan applicant. The eligibility criteria have been so designed to be able to accommodate anyone with a regular source of income.
The personal loan eligibility criteria mainly depend on your disposable income. Having a good credit rating is absolutely essential too. It is advisable to clear all your pending dues and make timely and regular payments to improve your CIBIL score, which will reflect in lower interest rates resulting in a higher loan amount being sanctioned.
If you are residing in Hyderabad, your minimum salary must be Rs 20,000 per month. If you are living in Delhi or Mumbai, your minimum wages per month must be Rs 25,000.
At SMFG India Credit, we offer competitive and affordable personal loan interest rates so that we can be a partner and a witness to your phenomenal growth. Our interest rates range from 13% to 33%. We provide loan tenures from 12 to 60 months.
The personal loan interest rates in Hyderabad primarily depend on the loan amount applied for and the tenure of the loan selected. You can rest assured that you will be provided with the best interest rates in the market. We also charge an additional processing fee up to 5% of the total loan amount + GST. Our procedures are very transparent, and we ensure that all the costs are conveyed to you upfront, and there are no hidden costs silently perking up the total cost of the loan.
You can apply for a personal loan online from the convenience of your home or office. Click on the “Apply Now” button online, where you will be required to provide the information needed for the processing of the loan.
You can merely upload the soft copies of the documents online. You are not required to travel anywhere to submit your documents. You will get instant approval online once you have filled out the form. After this procedure, a customer service representative will get in touch with you. Based on the information provided and the validity and the soundness of your documents, you may get the approved funds within 24 hours in your bank account.
Here you can know the complete process of how to apply for a personal loan.
If you prefer direct conversation to make your loan application online, you can walk into any of our branches, by locating the closest branch through the branch allocator tool. Meet with our customer service representative who will be happy for the opportunity to guide and serve you in your loan application process.
You can make your application through our dedicated Chatbot Dia available 24/7 on the SMFG India Credit website’ home page.
* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.
Securing a personal loan with a low CIBIL score in Hyderabad can be challenging but achievable. Opt for lenders with flexible eligibility criteria, though they might offer loans at higher interest rates with stricter terms. Adding a co-applicant with a stable income and good credit history can increase your approval chances. Improving your CIBIL score to 750 or higher is recommended for increased chances of approval with better loan terms.
Individuals with a low salary may still qualify for a personal loan in Hyderabad if they meet other criteria, such as a strong credit score and stable employment. Applying for a smaller loan amount or involving a guarantor/co-applicant with a higher income can also help. At SMFG India Credit, Hyderabad residents should have a minimum monthly income of INR 20,000 to apply for a personal loan.
The processing time for a personal loan in Hyderabad varies by lender. Online applications with accurate documentation and strong eligibility profiles are typically processed faster. Offline applications or incomplete submissions may take longer.
For Hyderabad residents, SMFG India Credit requires a minimum monthly income of INR 20,000 to apply for a personal loan.
Branch Address 1
Fourth Floor, Brij Tarang, No:-6-3-1192/1-6 Kundan Bagh, Begumpet, Telangana - 500 016
Branch Address 2
7th floor, 703 & & 704, Aditya Trade Center,Ameerpet, Hyderabad- 500038, Telangana
Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:30 AM to 6:30 PM (except 1st Saturday and Sundays and public holidays).
NACH (National Automated Clearing House): Everything You Need to Know
In the digital age, automation and efficiency are the cornerstones of modern financial systems.…
What is Electronic Clearing System (ECS)? Definition, Process, and Benefits
An Electronic Clearing System, or an ECS, is a faster, more efficient way to manage recurring…
Japan Trip Cost from India: Complete 2025 Expense Breakdown
A trip to Japan from India can be an exciting and enriching experience, but it’s essential to…
Understanding Equifax India Credit Report and Credit Score
Equifax is one of the four major RBI-licensed Credit Information Companies (CICs) that generate…
