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L&T Finance
Personal Loan in Hyderabad - L&T Finance

Instant Personal Loan in Hyderabad

An instant Personal Loan in Hyderabad offers residents a fast, reliable solution to handle unexpected expenses, be it a medical bill, vehicle repair, urgent travel, or a family function. Get up to ₹ 30 Lakh with interest rate starting as low as 11% p.a.* for a tenure of 72 months.

Quick Disbursement of Personal Loans in Hyderabad

In a city as dynamic as Hyderabad, time is of the essence. Whether you are a tech professional in Hitech City, a trader in Begum Bazaar, or a student in Tarnaka, the need for speed in financing is common. L&T Finance ensures that Personal Loans in Hyderabad are processed swiftly.

Once your eligibility and documents are verified, funds are usually disbursed quickly into your bank account. This makes a private loan in Hyderabad a preferred choice in Hyderabad.

Features & Benefits of Instant Personal Loan in Hyderabad

  • Online Access: 24x7 application facility from home or mobile
  • No Collateral Required: Fully unsecured with no asset pledging
  • Quick Processing: Loan approval and disbursal are very quick
  • Long Repayment Tenure: Ranges up to 72 months
  • Competitive Interest Rates: Starting as low as 11% p.a.*
  • Minimal Documentation: Basic KYC and income proof required

Uses of Personal Loan in Hyderabad

Hyderabad is a hub of diverse personal and professional goals. A Personal Loan in Hyderabad is a versatile tool that can meet multiple financial needs:

  • Weddings: Manage venue bookings, catering, and jewellery
  • Medical Needs: Cover hospitalisation and surgeries
  • Travel Plans: Finance domestic or international vacations
  • Festival or Event Planning: Celebrate without financial stress
  • Big Ticket Purchases: Buy consumer durables without financial constraints

From Jubilee Hills to Secunderabad, borrowers from all walks of life rely on Personal Loans in Hyderabad to fulfil urgent and aspirational needs.

EMI Calculator for Personal Loan in Hyderabad

Before taking any loan, it’s smart to calculate how much you’ll pay monthly. An EMI calculator for Personal Loan allows you to visualise your repayment plan. All you have to do is enter:

  • Loan Amount
  • Tenure
  • Interest Rate

For example, a ₹ 3 Lakh loan at 12% interest for 2 years results in a monthly EMI of ₹ 14,130. The total repayment over 24 months is ₹ 3,39,120.

This calculator helps you:

  • Plan monthly outflows
  • Choose the most suitable tenure
  • Avoid overborrowing
  • Compare options between different Personal Loan agents in Hyderabad

L&T Finance’s online EMI calculator is accessible, easy to use, and helps you make an informed borrowing decision.

Eligibility Criteria for Personal Loan in Hyderabad
TypeCriteria
ResidencyIndian resident
Age requirement21 years to 58 years
ProfessionSalaried or self-employed individuals
Documents Required to Get a Personal Loan in Hyderabad
Document TypeRequired Document & Checks
Identity ProofPAN Card | Aadhaar Card
Address ProofUtility bill of any service provider not more than
2 months old (Electricity, Telephone, Post-paid Mobile Phone,
Piped Gas, Water Bill) | Passport | Voter ID Card |
Driving License
Income ProofBank Statement -Last 6 months' statement is mandatory

Personal Loan Interest Rates and Charges in Hyderabad

TypeInterest Rate and Charges
Loan Processing Fees (non-refundable):Upto 3%* of Loan Amount + applicable taxes
EMI Dishonour/Bounce Charge*
*A bounce charge is a charge for
(i) dishonour of any repayment 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
As shown in the table below
Sanctioned Loan AmountCharges
< ₹ 5 Lakh₹ 500
₹ 5 Lakh - ₹ 30 Lakh₹ 1000
Late Payment Charges (LPC)/ Penal Charges:2% (p.m.) on EMI overdue + applicable taxes
*LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec'23
*Taxes applicable on LPC w.e.f. 1st Apr'24
Part Payment Charges:Up to 5% of pre-paid amount + applicable taxes
Foreclosure Charges:5% of POS (Principal Outstanding) + applicable taxes
Legal/ Recovery Charges:As per actuals
Duplicate NOC Charges: First 3 paper copies - free of cost
From 4th Paper copy - ₹250 + applicable taxes
Repayment Swap charges (per swap):₹500 + applicable taxes (applicable only for branch walk-ins)
Loan Cancellation Charge:Nil - for 3 days from date of disbursal
From 4th day - 5%+ applicable taxes (on the outstanding loan amount)
Document Charges:Nil for Statement of Account (SOA), Repayment Schedule, Foreclosure Letter, Welcome Kit
Annual Maintainance Charges (AMC):Nil

*Terms & Conditions Apply. All actual charges will be as per Key Fact Statement (KFS) shared by the company.

Why Choose L&T Finance for Personal Loans in Hyderabad?

If you are looking for trusted private finance in Hyderabad, L&T Finance offers a range of benefits that make it a preferred lending partner:

  • 24x7 Access: Online application and status tracking
  • Fast Approval: Get decisions in minutes using digital tools
  • Simple Eligibility: Easy eligibility for salaried and self-employed
  • Minimal Documentation: Aadhaar and PAN-based digital KYC
  • Secure & Transparent: No hidden fees or last-minute surprises

How to Apply for a Personal Loan in Hyderabad ?

Apply for Personal Loan with these steps

1. Apply online in just few minutes

Select Personal Loan and click the 'Apply Now' button to start your seamless digital loan journey

2. Fill in your details

Enter your personal details, such as income details, current address, and more, to instantly check your loan eligibility

3. Get your customised offer

Explore personalised loan offers to match your needs. You may also get an options to enhance your offer

4. Set up E-mandate

Securely provide your bank details to easily register for an E-mandate, ensuring smooth loan repayments

5. Complete KYC

Verify your identity easily and securely with a quick KYC process from the comfort of your home

6. Get loan disbursement

Get your loan disbursement directly in your bank account, ensuring fast and seamless access to funds

FAQs & Support

View all

How can I apply for a Personal Loan in Hyderabad through L&T Finance?

Check eligibility, fill the online form, upload documents, and get approval within minutes*. You can also use the PLANET app to apply for a Personal Loan with L&T Finance.

How do I track my Personal Loan application status in Hyderabad?

Log in to the website or PLANET app using your registered mobile number or reference ID to track your application status.

How does my credit score affect my loan eligibility in Hyderabad?

A good credit score improves approval chances and helps secure lower interest rates.

How long does it take to get a Personal Loan in Hyderabad?

L&T Finance provides loan approvals in 2 minutes* and the amount is quickly disbursed into your bank account.

What is the maximum loan amount I can get in Hyderabad?

It depends on your income, credit score, and employment. L&T Finance offers up to ₹ 30 Lakh.

What documents are required for a Personal Loan in Hyderabad?

PAN card, Aadhaar card, address proof, and income proof are needed to get a Personal Loan in Hyderabad.

Can self-employed individuals apply for a loan in Hyderabad?

Yes, they can apply with valid business proof, ITR, and bank account details.

What is the interest rate on Personal Loans in Hyderabad?

Interest rates at L&T Finance start as low as 11% p.a.*.

What are the processing fees for Personal Loans in Hyderabad?

L&T Finance charges up to 3%* of Loan Amount + applicable taxes as processing fees.

Are there prepayment or foreclosure charges on loans in Hyderabad?

Yes, foreclosure charges of 5% of POS (Principal Outstanding) + applicable taxes apply on loans in Hyderabad.