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Personal Loan in Telangana, Interest rates from 10.49%

Get hassle-free personal loans in Telangana. Quick approval, flexible terms. Apply now for your financial needs.

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Personal Loan in Telangana

If you’re a resident of Telangana in need of financial assistance, a Personal Loan can be a viable solution to your immediate cash requirements. Here’s a comprehensive guide to understanding Personal Loans in Telangana, including eligibility criteria, types of loans available, interest rates, charges, additional tips, and the application process. 

Eligibility and Requirements for PL in Telangana

  • Age: Typically between 21 to 65 years.
  • Employment: Salaried individuals or self-employed professionals/business owners.
  • Income: Minimum income requirements set by the lender.
  • Credit Score: A good credit history enhances eligibility.
  • Documentation: Aadhar Card, PAN Card, Salary Slips, Bank Statements, etc.

Comparison of bank Lenders in Telangana

Banks
Personal Loan Interest Rates 2025
Institution Interest Rates
HDFC Bank 10.85% – 24.00%
Axis Bank 11% – 24.00%
Bandhan Bank 11.90% Onwards
ICICI Bank 10.85% – 16.25%
DBS Bank 10.99% – 24.00%
Bank of Baroda 11.05% – 18.75%
SBI 11.45% – 14.85%
IndusInd Bank 10.49% – 24.00%
Yes Bank 11.25% – 21.00%
Standard Chartered 11.50% – 24.00%
IDFC First 10.99% – 23.99%
Kotak Mahindra Bank 10.99% – 24.00%
PNB 11.40% – 17.95%
Indian Bank 10.90% – 24.00%

Comparison of bank NBFCs Lenders in Telangana

NBFCs
NBFC Name Interest Rate
InCred Interest Rate 2025 16% – 42%
Finnable Interest Rate 2025 16% – 28%
L&T Finance Interest Rate 2025 11% – 24%
Aditya Birla Interest Rate 2025 10% – 32%
Shriram Finance Interest Rate 2025 11% – 42%
Bajaj Finserv Interest Rate 2025 10.75% – 31%
Piramal Interest Rate 2025 12.99% onwards
Tata Capital Interest Rate 2025 11.99% – 35%
Poonawalla Interest Rate 2025 11.49% – 19%
SMFG Interest Rate 2025 13% – 36%
Axis Finance Interest Rate 2025 13% onwards
Mahindra Finance Interest Rate 2025 12% – 36%
Paysense Interest Rate 2025 16.8% – 33%

Types of Personal Loans Available in Telangana

  • Secured Personal Loans: Backed by collateral, such as property or investments.

  • Unsecured Personal Loans: No collateral required; based on creditworthiness and income.

  • Salary Advance Loans: Short-term loans against upcoming salary payments.

  • Emergency Loans: Immediate financial assistance for unforeseen circumstances.

  • Debt Consolidation Loans: Consolidate multiple debts into a single loan for easier management.

  • Wedding Loans, Education Loans, Travel Loans, etc.: Tailored financing for specific purposes.

Interest Rates and Charges for PL in Telangana

LenderInterest RateProcessing FeePrepayment Charges
Bank 110.50% onwards1%-2% of loan amount2%-4% of outstanding balance
Bank 211.75% onwardsUp to ₹5,000May vary
NBFC 112.00% onwardsAs per lender’s policyAs per lender’s policy

Additional Tips for Obtaining a Personal Loan in Telangana

  • Improve your credit score: A higher credit score qualifies you for better interest rates.
  • Compare offers: Research and compare loan options from different lenders before finalizing.
  • Borrow only what you need: Avoid excessive borrowing to manage repayments comfortably.

How to Apply for a Personal Loan at Telangana?

Fincover.com is an online marketplace that allows you to compare loan quotes from various banks and NBFCs.

Mentioned-below is the process to apply for a Personal Loan at Fincover.

  • Visit https://www.fincover.com/banking/loan/personal/ 
  • Complete the loan application by filling up all the necessary details
  • Most popular quotes matching your requirement will be displayed.
  • Apply for the bank along with the requested documents and get a reference number. You can then check the status of the application from our dashboard.
  • Upon verification and approval, the loan will be disbursed to your account. The whole process takes just a few days, some even hours. The loan processing time varies from bank to bank
Personal Loans by Bank