Personal Loan


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What Is A Personal Loan?

One of the most sought out loans; Personal loan is actually an unsecured loan. This is usually borrowed by an individual for fulfilling their professional and personal obligations. In Hyderabad, many leading banks and NBFC’s offer personal loans to their customers in a quick fashion. This loan is very popular from all the loan products in Hyderabad.
Hyderabad, also known as the “city of pearls” is one of the most important financial cities of India. It is the 5th largest contributor to our country’s Gross domestic product. That shows how much important this city is. Hence, the people in Hyderabad usually take various types of loans to conduct business and fulfill personal needs. Out of that list, they prefer personal loans more.
While the requirement of money is important while taking a loan, the reasons could range from anything from medical emergencies to higher education and also for settling debts. To avail a personal loan in Hyderabad, generally you will be offered tenure of 5 to 7 years by the Bank or NBFC. Also, the rate of interest will start from 11.29%* onward. Usually, Banks and NBFCs in Hyderabad have been known to offer customized personal loan to their customers whom they can pay in easy EMI options. Banks and NBFCs in Hyderabad have a simplified process. In that process, they will approve the personal loan applications completely on the basis of the individual’s financial strength and their credit score will play an important role. Also if they have any current financial obligations, the Bank or NBFC will check and analyze the amount which the individual can repay towards personal loan. Finally, they also will decide the tenure and the repayment ability of the individual without any possibility of defaulting.

Why Choose Ruloans To Apply For Personal Loan in Hyderabad?

Ruloans is a loan distribution house which is known to offer different types of loans all around Hyderabad. With our user friendly interface, you can easily apply for a personal loan on our website. Below listed are few reasons why you should choose Ruloans; .

Hassle free process

On our website, you will find a process that is very user friendly and hassle free. This easy process will help you in applying for a personal loan in Hyderabad in a quick manner. Your benefit here is that you can compare your loan options, check eligibility and upload documents easily on our website.

Benefits of applying with us

One of the best benefits of applying for a loan with Ruloans is that we have partnered with many leading banks and NBFCs in Hyderabad. So, when you apply for a personal loan in Hyderabad on the Ruloans online portal, we can help you get the best offers from our partner banks and NBFCs in Hyderabad.

Compare your loan options

When you log into our online portal, you will be prompted to fill in the necessary details. With this, you can compare and choose your loan from a list of different lenders who can give you a personal loan in Hyderabad. The advantage you have is that you can easily compare interest rates and many other details of different banks and NBFCs.

Free expert guidance and advice

Ruloans offers all the above services to their customers free of cost. There are no fees absolutely for the guidance services we offer.

Privacy policy

At Ruloans, we always strive to give our customers complete privacy. This means that we do not share any of your documents and other details with any 3rd party except the lender you choose to take a loan from.

What are the Features & Benefits of taking a Personal Loan in Hyderabad?

Personal loans help the individual to clear cash flow burdens in times of emergencies. But this is not the only benefit here. The loan amount can be used when there are necessities to be fulfilled on a personal level or incase there are professional obligations which might need your immediate attention. Some more benefits associated with personal loan in Hyderabad are;

  • Easy availability: The first advantage which you must know is that almost many leading banks and NBFCs in Hyderabad will offer you personal loans in a quick way and also the entire process is simplified. The Banks and NBFC’s in Hyderabad will also let you to choose a lender when you log on to our website and apply for a loan.
  • Minimum documentation: The second benefit here is that you don’t need to keep collateral while taking a personal loan. Hence, there is very less documentation in a personal loan process.
  • The loan is approved quickly: The third benefit is that on uploading all the necessary documents, the Banks and NBFCs in Hyderabad carefully analyze and once approved, the personal loan can be approved in 24 to 48 hours*. This will only happen when all the details and documents are error free.
  • Multi-purpose loan: One more benefit is that unlike other loans, a personal loan in Hyderabad is multipurpose. It can suffice a lot of needs right from Medical, education, wedding etc. The Banks and NBFCs in Hyderabad will not need to know why the individual requires a personal loan.
  • Flexible type of loan: You need to remember that when you avail a personal loan in Hyderabad, you can always try to negotiate with your Bank/NBFC regarding the rate of interest and other terms. Also, it is a plus point if you have a good credit score as in that case, the lender will allow you certain waivers and benefits. Thus this kind of a loan is called as a flexible type of loan.

What are the Eligibility Criteria to avail a Personal Loan in Hyderabad?

You need to know that for any kind of a loan, there is a certain eligibility criteria that need to be fulfilled else the loan is not given. Here too, Banks and NBFCs will have eligibility criteria which you must fulfill in order to get a personal loan in Hyderabad.


Particulars Salaried Borrowers Self-Employed Borrowers
Age 21 years to 60 years 23 years to 60 years
Income Rs. 15,000 (Rs. 20,000 in metros) Turnover of minimum Rs. 24,00,000 (differs for professional and non-professional)
Maximum Loan Amount Approved Rs. 15,00,000 Rs. 15,00,000 to 20,00,000
Minimum Loan Amount Approved Rs. 75,000 Rs. 75,000 to Rs. 3,00,000
Loan Tenure 12-72 months 12-48 months
*Always remember that the eligibility criteria will always differ from lender to lender. The above details listed are generic and hence are not specific to just one lender.

What are the Documents Required to avail a Personal Loan?


There are different sets of documents that you will need in order to avail a personal loan. These are listed below as follows;
Particulars Salaried Borrowers Self-Employed Borrowers
Identity Proof Passport, Driving License, Voters ID or PAN Card Passport, Driving License, Voters ID or PAN Card
Address Proof Passport or utility bills Passport or utility bills
Bank Statement Latest 3 months of Salary Account Last 6 months
Additional Documents Salary slips for last 3 months Proof of highest professional degree
2 year employment continuity document Latest Income Tax Return Balance sheet
Profit and Loss for last 3 years certified by CA
*Always remember that the eligibility criteria will always differ from lender to lender. The above details listed are generic and hence are not specific to just one lender.

How to Apply For a Personal Loan in Hyderabad on Ruloans?

By completing 5 steps, you can apply for a personal loan in Hyderabad on the Ruloans online portal:


How to Apply For a Personal Loan in Hyderabad on Ruloans?
Step 1 Log on to our website and visit the ‘Personal Loan in Hyderabad’ page. Click on ‘Check Your Eligibility’ box.
Step 2 Next, you will need to fill out basic information. Once these details are filled, our loan calculator will check your eligibility with its highly efficient algorithm.
Step 3 Post that, our loan calculator will provide you with results as per the details mentioned by you. This list will include names of all banks and NBFC’s, the rate of interest they are offering etc.
Step 4 After deciding your choice of lender, you can fill up the form and then upload the required documents. In case of a doubt or there is a need any assistance, please do not hesitate in calling our experts for advice. You can also drop us an email and our representative will help you. The contact details are given on our website.
Step 5 Privacy is a strict policy and at Ruloans we value the data given to us by our customers. Your application will be sent electronically to the loan lender you selected. There is complete privacy. Also, you will be informed about the status of your application via SMS, email or you can track it via our website too.

Frequently Ask Questions

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