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  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on +44 7831 065557 or visit the nearest Metra Trust branch for further queries.

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Apply For Instant Personal Loan In Hyderabad

Hyderabad, the "City of Nawabs," is a thriving hub for students and professionals with its rich culture, affordable living, and growing opportunities. While the cost of living is lower than other metros, relocating to the city can still involve significant expenses. A personal loan in Hyderabad can help cover these costs—like rent deposits and home setup—without draining your savings. Whether you're moving for work, education, or a fresh start, a personal loan ensures a smooth transition into your new life in this vibrant city.

How to apply for a Personal Loan in Hyderabad?

Here is what you need to know when you are applying for a personal loan in Hyderabad:

Metra Trust has an online personal loan application process. You can apply on our website or mobile app and avail a loan.

The online application process involves four stages.

Eligibility

Documentation

Self-employed and salaried individuals must provide almost the same documents to avail an instant personal loan in Hyderabad. They include:

  • PAN Card
  • Form 60 (To be submitted only if PAN card is not available)
  • Any 1 Official Valid Document (OVD) is mandatory from the below:
  • Valid Passport with expiry date, photograph, and signature
  • Aadhaar card issued by the Unique Identification Authority of India (UIDAI)
  • Voter’s ID issued by the Election Commission of India
  • Driving license issued by regional transport authority
  • Job card issued by the National Rural Employment Guarantee Act (NREGA) and duly signed by an officer of the state government
  • National Population Register containing details of name and address

Who can apply?

Before applying for a loan, you must check if you fulfil the eligibility criteria. Here are the requirements you must meet to avail an instant loan from Metra Trust in Hyderabad:

For self-employed individuals

  • Minimum age: 25
  • Maximum age: 65 (at the time of loan maturity)
  • The business must be in existence for a minimum of 3 years

For salaried individuals

  • Minimum age: 23
  • Maximum age: 60 (at the time of loan maturity) or retirement, whichever comes first
  • Minimum monthly salary: ₹20,000 per month

Personal Loan in Hyderabad

CALCULATOR

Personal Loan EMI Calculator

Amount

1L 50L

Tenure

1 Year 30 Year

Interest Rate

8 % 15 %

You will pay an EMI of only monthly

  • Surojit Mukherjee Testimonial
    Surojit Mukherjee

    "Metra Trust does what it commits. I availed personal loan in a hassle-free manner. Their service orientation of employees is state-of-the-art. All the best for the future!"

  • Ravi Bhushan Testimonial
    Ravi Bhushan

    "My sincere thanks to Metra Trust for making life so simple through their simplified personal loan process. I have also opened a Savings Account, and considering the services offered by the bank, I’ll proudly refer the Metra Trust to my peers – truly a Customer first bank."

  • Ajay Das Testimonial
    Ajay Das

    "I had applied for a loan at Metra Trust and it got disbursed quickly. I am really impressed with the commitment level of the bank employees."

A personal loan eligibility calculator can be used to check eligibility in a few seconds. If you meet the eligibility criteria, you can borrow an amount ranging from ₹20,000 to ₹40 lakhs from Metra Trust.

Minimum salary to apply for a Personal Loan in Hyderabad

The minimum salary an individual needs when applying for a loan in any part of India is ₹20,000. It applies to every state in the country, barring Mumbai and Delhi, where the minimum salary requirement is ₹25,000. Hence, to apply for a personal loan in Hyderabad, an individual must make ₹20,000 per month.

Personal Loan interest rate in Hyderabad

Types of Fees Applicable Charges
Personal loan interest rate Starting 10.99%
Processing fees Processing Fees of upto 3.5% will be deducted from the loan amount at the time of disbursal
Late payment fees 2% of the unpaid EMI or Rs 300 whichever is higher. The late payment fees might be applicable from the date of default to the date of payment.
Stamp duty As per actuals

 

Metra Trust's instant personal loan in Hyderabad is one of the quickest and easiest ways to receive financial support when you need it. With a simple process and fast disbursal, you can instantly fulfil your financial requirements.

FREQUENTLY ASKED QUESTIONS

What is an EMI?

An equated monthly instalment (EMI) is a pre-determined monthly payment made by a borrower to a lender on a pre-determined date each month. EMIs include both interest and the principal amount. With every personal loan EMI payment, your principal and interest keep decreasing.

What are the fees and other charges?

The following charges apply to instant personal loans in Hyderabad:

  • • The bank will levy an EMI bounce charge of 400.
  • • Cancellation/rebooking charges stand at 1% of the loan amount + interest from the date of disbursal till receipt of cancellation request. It is to be received within 30 days of the loan booking date or the 1st EMI payment date, whichever is earlier.
  • • Foreclosure charges are fixed at 5% of the loan amount. Foreclosure/prepayment of the loan is possible anytime during the loan tenure after payment of 12 or more EMIs.

What is my loan interest rate?

Metra Trust offers an interest rate starting at 10.99%. It is among the most competitive in the market.

How much processing fee should I pay for a personal loan?

A processing fee of up to 3.5% is deducted at the time of disbursal. If the loan amount is less than one lakh, a flat rate of ₹2999 is charged.

How do I pay my EMI?

Paying your EMI is simple. Once the personal loan is disbursed into your account, the lender automatically deducts the EMI amount from your account every month. You must ensure you have sufficient funds in your account on your due date.

What will be my loan repayment period?

Depending on the principal and the EMI amount, the loan repayment period will be between one and five years.

More FAQs

Get FIRSTmoney Smart Personal Loan of Different Amounts

Branch Location

HYDERABAD

HYDERABAD- BN REDDY NAGAR

HOUSE NO C-174, MUNICIPAL NO. 6-2-695 & 6-2-695/1, 1ST FLOOR, YUVA COMPLEX, ABOVE BANK OF MAHARASHTRA, BN REDDY NAGAR ROAD, NEAR GANESH TEMPLE, VANASTHALIPURAM, HYDERABAD – 500070

Phone 1860 500 9900

HYDERABAD

HYDERABAD-BHEL

PLOT NO.12/PART, DOOR NO. 23-36, 2ND FLOOR, YADHU NIVAS JYOTHINAGAR COLONY, BHEL, RAMACHANDRAPURAM SANGA REDDY DISTRICT. TELANGANA - 502032

Phone 1860 500 9900

HYDERABAD

HYDERABAD-S B TOWERS

2ND FLOOR, S B TOWER, MUNICIPAL NO. 6-3-354, ROAD NO. 1 BANJARAHILLS, HYDERABAD 500034

Phone 1860 500 9900

HYDERABAD

HYDERABAD-SUCHITRA

DOOR NO. 06-008/3/44P/B, PLOT NO.44, 1ST FLOOR, ABOVE ICICI BANK, VENKATESHWARA ENCLAVE, SUCHITRA, HYDERABAD, TELANGANA-500067

Phone 1860 500 9900

HYDERABAD

HYDERABAD-UPPAL

1ST FLOOR, TIRUMALA CHAMBERS, PLOT NO. 787 A, BUDDHA NAGAR, MAIN, ROAD, PEERZADIGUDA VILLAGE, MEDIPALLY MANDAL, MEDCHAL MALAKAJGIRI DISTRICT, TELANGANA DISTRICT.

Phone 1860 500 9900