158. State Bank of Hyderabad Personal Loan EMI Calculator
State Bank of Hyderabad is a subsidiary of State Bank of India. The bank offers personal loans at low interest rates that can be paid back over a period of time. These loans can be taken for meeting all immediate expenses such as weddings, education, medical emergencies, travel and other unexpected expenses. All that the applicant needs to do is check their eligibility, submit the documents and avail the loan.
Features of State Bank of Hyderabad Personal Loan
• The loan can be taken by both salaried as well as self-employed individuals.
• The loan is given at an interest of 15.25%-15.75%.
• The maximum tenure for the loan is 3 years.
• A processing fee of 1% or a minimum of Rs.1,000 …show more content…
• First time loan applicants can only get a maximum of Rs. 5 lakh as their amount.
Factors Affecting Loan Eligibility
• Income: Every bank has a minimum salary requirement. State Bank of Hyderabad offers personal loans to individuals who have a monthly income of Rs.10,000.
• Savings Account: It is important for the bank to know whether the applicant in question has capacity to repay their loan. Therefore, it is imperative for the bank to see how much money the applicant has in their savings account.
• Credit Score: The credit score is the loan repayment history of the individual. It shows how effective the applicant has been in repaying their previous loans and credit card bills. Applicants with a poor credit score will find it difficult a loan.
• Job Stability: It is important that the loan applicant be working in the same job for past 3 years. An applicant with a stable job is considered to be a safe bet when it comes to repayment of loan.
• Age: Young applicants are considered to be risky investments. They are just starting out and will change jobs frequently. Therefore, they are considered to be risky investments.
Documents Required for State Bank of Hyderabad Personal …show more content…
What is an EMI Calculator
An EMI calculator is a tool used to ascertain the Equated Monthly Instalment (EMI) amount that the applicant will have to pay in order to foreclose their loan. This is a very user friendly tool where all the applicant needs to do is fill out the loan amount, rate of interest and tenure for which the loan has to be taken. The EMI amount will appear just below the calculator. There are many financial websites such as paisabazaar.com that offer this tool.
State Bank of Hyderabad Personal Loan Emi Calculator
State of Hyderabad offers personal loans at low interest rates. An EMI calculator can be used to determine the EMI amount on the loan. For this, all that the applicant needs to do is go on paisabazaar.com and use the State Bank of Hyderabad Personal Loan Emi Calculator. Once the EMI amount is known, the applicant can plan their repayment accordingly.
Benefits of Using State Bank of Hyderabad Personal Loan Emi Calculator
• The tool is easy to use and understand. First-timers will get a hang of it in no time.
• It saves time as the applicant does not have to consult an accountant/finance expert in order to know their EMI
State Bank of Hyderabad is a subsidiary of State Bank of India. The bank offers personal loans at low interest rates that can be paid back over a period of time. These loans can be taken for meeting all immediate expenses such as weddings, education, medical emergencies, travel and other unexpected expenses. All that the applicant needs to do is check their eligibility, submit the documents and avail the loan.
Features of State Bank of Hyderabad Personal Loan
• The loan can be taken by both salaried as well as self-employed individuals.
• The loan is given at an interest of 15.25%-15.75%.
• The maximum tenure for the loan is 3 years.
• A processing fee of 1% or a minimum of Rs.1,000 …show more content…
• First time loan applicants can only get a maximum of Rs. 5 lakh as their amount.
Factors Affecting Loan Eligibility
• Income: Every bank has a minimum salary requirement. State Bank of Hyderabad offers personal loans to individuals who have a monthly income of Rs.10,000.
• Savings Account: It is important for the bank to know whether the applicant in question has capacity to repay their loan. Therefore, it is imperative for the bank to see how much money the applicant has in their savings account.
• Credit Score: The credit score is the loan repayment history of the individual. It shows how effective the applicant has been in repaying their previous loans and credit card bills. Applicants with a poor credit score will find it difficult a loan.
• Job Stability: It is important that the loan applicant be working in the same job for past 3 years. An applicant with a stable job is considered to be a safe bet when it comes to repayment of loan.
• Age: Young applicants are considered to be risky investments. They are just starting out and will change jobs frequently. Therefore, they are considered to be risky investments.
Documents Required for State Bank of Hyderabad Personal …show more content…
What is an EMI Calculator
An EMI calculator is a tool used to ascertain the Equated Monthly Instalment (EMI) amount that the applicant will have to pay in order to foreclose their loan. This is a very user friendly tool where all the applicant needs to do is fill out the loan amount, rate of interest and tenure for which the loan has to be taken. The EMI amount will appear just below the calculator. There are many financial websites such as paisabazaar.com that offer this tool.
State Bank of Hyderabad Personal Loan Emi Calculator
State of Hyderabad offers personal loans at low interest rates. An EMI calculator can be used to determine the EMI amount on the loan. For this, all that the applicant needs to do is go on paisabazaar.com and use the State Bank of Hyderabad Personal Loan Emi Calculator. Once the EMI amount is known, the applicant can plan their repayment accordingly.
Benefits of Using State Bank of Hyderabad Personal Loan Emi Calculator
• The tool is easy to use and understand. First-timers will get a hang of it in no time.
• It saves time as the applicant does not have to consult an accountant/finance expert in order to know their EMI