Personal Loan in Mumbai - Apply Online @10.89%
Loan Amount
₹
Interest Rate
%
Tenure
mo
Personal Loan EMI Calculator
(Principal + Interest)
Break-up of Total Payment
| Bank/NBFC | Interest Rate | Min. Loan Amount | Max. Loan Amount | Min. Tenure | Max. Tenure | Processing Fees | Part Payment | Apply Now |
|---|---|---|---|---|---|---|---|---|
15.5% - 21.5% | 100000 | 2500000 | 12 | 60 | Up to 2.50% + GST as applicable | Apply | ||
11.25% - 22% | 50000 | 2000000 | 12 | 60 | Upto 2.25% + GST as applicable | Apply | ||
15.75% - 24% | 50000 | 1500000 | 12 | 60 | 1.50% to 2.00% + GST as applicable | Apply | ||
10.99% - 24% | 50000 | 1500000 | 12 | 60 | Upto 2.5% + GST as applicable | Apply | ||
17.99% - 18.99% | 25000 | 3000000 | 6 | 60 | 2.00% - 3.00% + GST as applicable | Apply | ||
12.99% - 24% | 50000 | 2500000 | 12 | 60 | Up to 3.99% + GST as applicable | Apply | ||
10.5% - 19% | 1000000 | 3000000 | 12 | 60 | Upto 3% + GST as applicable | Apply | ||
11.25% - 30% | 50000 | 1500000 | 12 | 60 | Up to 2.50% + GST as applicable | Apply | ||
11.25% - 19% | 75000 | 2500000 | 12 | 72 | 1.50% to 2.00% + GST as applicable | Apply | ||
12% - 18% | 100000 | 2500000 | 12 | 60 | 1.99% + GST as applicable | Apply |
Rate of Interest is high ?
Try Applying for a higher Loan Amount as most bank reduce interest rates as loan amount increases
Not getting the desired Loan Amount?
Try Adding the income of a co-applicant like a working spouse
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Financebuddha can help you consolidate all your loans into one to increase your eligibility
Personal Loan in Mumbai
There is no doubt that Mumbai is a financial, entertainment and financial hub of India. Also this is considered as the wealthiest land of the country. Nearly 6% of the country’s GDP is generated from here. Mumbai has a very high lifestyle and a high standard of living, owing to the presence of Bollywood Industry here. This is the very reason by most people prefer to have a personal loan to meet some of their expenses such as house renovation, weddings, medical emergencies and even for a vacation.
Getting a personal loan in Mumbai is hassle-free and quick. There is no limitation for the number of personal loan you can take, if you have enough income to repay the same as well as CIBIL scoring. Also it is advisable to pick personal loan instead of private financiers as the rate of interest and other charges will be incomparably high.
How Finance Buddha can help you get a Personal Loan in Mumbai?
In case if you are looking to get personal loan in Mumbai then there are a wide range of options made available from various banks. And Finance Buddha is the best platform where in you can compare the interest rates, processing fee and other charges of different banks and can choose the best option that is available.
Personal Loan Eligibility Criteria in Mumbai
| Bank Name | Loan Amount | Minimum income per month | Repayment Period | Age | Total years in job/profession | Years in current residence |
|---|---|---|---|---|---|---|
| HDFC Bank |
Up to ₹25,00,000 |
Net monthly salary of ₹30,000/- |
1 Year- 5 Years |
21-60 years |
2 years |
6 months |
| SBI |
Up to ₹10,00,000 |
Net monthly salary of ₹30,000/- |
1 year – 4 Years |
21-60 years |
2 years |
1 Year |
| ICICI Bank |
Up to ₹40,00,000 |
Net monthly salary of ₹30,000/- |
1 Year- 5 Years |
23-60 years |
2 Years (In current business for at least 5 years and minimum 3 years for doctors) |
1 Year |
| Bajaj Finserv |
Up to ₹25,00,000 |
Net monthly salary of ₹40,000/- |
1 Year- 5 Years |
21-60 years |
2 Years |
1 Year |
| Fullerton India |
Up to ₹30,00,000 |
Net monthly salary of ₹30,000/- |
1 year – 4 Years |
21-60 years |
2 Years |
1 Year |
| Kotak Mahindra Bank |
Up to ₹15,00,000 |
Net monthly salary of ₹30,000/- |
1 year – 5 Years |
21-58 years |
2 Years |
1 Year |
| Indusind Bank |
Up to ₹20,00,000 |
Net monthly salary of ₹30,000/- |
1 year – 5 Years |
23 - 60 years |
2 Years |
6 Months |
| Axis Bank |
Up to ₹15,00,000 |
Net monthly salary of ₹30,000/- |
1 year – 5 Years |
21 - 60 years |
2 Years | 1 Year |
| Citibank |
Up to ₹30,00,000 |
Net monthly salary of ₹30,000/- |
1 year – 5 Years |
21 - 60 years |
2 Years | 1 Year |
| Standard Chartered Bank |
Up to ₹30,00,000 |
Net monthly salary of ₹50,000 |
1 year – 5 Years |
ETB Customer- 22 to 60 years; NTB Customer- 25 to 60 years |
ETB Customer- No minimum 0 years; NTB Customer- 2 years |
NIL |
Personal Loan Interest Rates, Fees & Charges in Mumbai
Personal loan interest rates vary from bank to bank. Here is the list of some of the top few banks in Mumbai that are best for availing personal loan. Apart from interest rates some of the other charges are listed below. These are specific to the Mumbai location applicants.
|
Personal Loan in Mumbai Interest Rates |
|
|
Interest Rates |
10.89% – 36.00% |
|
Processing Fees |
1% – 5.00% |
|
Pre-payment Charges |
NIL – 5.00% |
|
Repayment Period |
Up to 5 years |
|
CIBIL Score |
Min. 750 |
|
Lowest EMI |
₹1057 |
Personal Loan Offers from 19 Banks / NBFCs in Mumbai (updated 18 Aug,2019)
|
Bank /NBFC |
Institution Type |
Minimum Loan Amount |
Maximum Loan Amount |
Minimum Tenure |
Maximum Tenure |
APR |
Fees & Charges |
|
Aditya Birla Finance Ltd |
NBFC |
₹25,000 |
₹50,00,000 |
12 months |
60 months |
16.85% - 17.85% |
1% + GST as applicable |
|
Arohan Financial Services Ltd. |
NBFC |
₹1,100 |
₹50,000 |
3 months |
24 months |
20.70% - 26.99% |
1% + GST as applicable |
|
Axis Bank |
Bank |
₹50,000 |
₹15,00,000 |
12 months |
60 months |
15.75% - 24.00% |
1.50% to 2.00% + GST as applicable |
|
Bajaj Finserv |
NBFC |
₹50,000 |
₹25,00,000 |
12 months |
60 months |
12.99% onwards |
Up to 3.99% + GST as applicable |
|
Capital First |
NBFC |
₹1,00,000 |
₹25,00,000 |
12 months |
60 months |
12.00% - 18.00% |
1.99% + GST as applicable |
|
Citibank |
Bank |
₹25,000 |
₹30,00,000 |
6 months |
60 months |
17.99% - 18.99% |
2.00% - 3.00% + GST as applicable |
|
Fullerton |
NBFC |
₹50,000 |
₹20,00,000 |
12 months |
60 months |
20% to 40% |
Up to 6.5% + GST as applicable |
|
HDB Financial Services Ltd. |
Bank |
₹1,00,000 |
₹20,00,000 |
12 months |
60 months |
12% - 36% |
Up to 2% + GST as applicable |
|
HDFC Bank |
Bank |
₹1,00,000 |
₹25,00,000 |
12 months |
60 months |
15.50% - 21.50% |
Up to 2.50% + GST as applicable |
|
ICICI Bank |
Bank |
₹50,000 |
₹20,00,000 |
12 months |
60 months |
11.25% to 22.00% |
Up to 2.25% + GST as applicable |
|
IDFC |
Bank |
₹50,000 |
₹20,00,000 |
3 months |
60 months |
12%-19% |
2% + GST as applicable |
|
Incred |
NBFC |
₹50,000 |
₹7,50,000 |
12 months |
60 months |
12%- 24% |
Up to 3% + GST as applicable |
|
India Infoline |
NBFC |
₹1,00,000 |
₹25,00,000 |
12 months |
60 months |
13% onward |
Up to 2% + GST as applicable |
|
Indiabulls |
NBFC |
₹1,000 |
₹15,00,000 |
3 months |
24 months |
11.99% - 26% |
Up to 5% + GST as applicable |
|
IndusInd Bank |
Bank |
₹50,000 |
₹15,00,000 |
12 months |
60 months |
11.25% - 30.00% |
Up to 2.50% + GST as applicable |
|
Kotak Mahindra Bank |
Bank |
₹50,000 |
₹15,00,000 |
12 months |
60 months |
10.99% to 24% |
Up to 2.5% + GST as applicable |
|
RBL Bank Ltd. |
Bank |
₹1,00,000 |
₹20,00,000 |
12 months |
60 months |
15.5% - 23% |
3% + GST as applicable |
|
Standard Chartered Bank |
Bank |
₹1,00,000 |
₹30,00,000 |
12 months |
60 months |
10.89% - 19.00% |
Up to 3% + GST as applicable |
|
Tata Capital |
NBFC |
₹75,000 |
₹25,00,000 |
12 months |
72 months |
11.25% - 19% |
1.50% to 2.00% + GST as applicable |
Personal Loan Documents Required in Mumbai
List of Documents Required for Salaried Employees:
- Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one).
- Proof of Residence: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
- Latest 3 months Bank Statement (where salary/income is credited).
- Salary slips for last 3 months.
- 2 Passport Size photographs.
List of Documents Required for Self-Employed:
- KYC Documents : Proof of Identity; Address proof; DOB proof.
- Proof of Residence: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one)
- Income proof (audited financials for the last two years).
- Latest 6 months Bank statement.
- Office address proof.
- Proof of residence or office ownership.
- Proof of continuity of business.
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