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Personal Loan in Mumbai - Apply Online @10.89%

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How much would you like to borrow?

Choose an amount between ₹50,000 and ₹5,000,000.

Loan Amount *

Company *

Salary Bank Account *

Net Take Home *

Existing EMI

Loan Amount

25K9L17L25L33L42L50L
Interest Rate

%

10.5%15.5%20.5%25.5%30.5%40%
Tenure

mo

12m22m32m42m52m60m
Personal Loan EMI Calculator
Loan EMI
23,537
Total Interest payable
64,888
Total Payment
(Principal + Interest)
5,64,888
Break-up of Total Payment
Interest Amount (₹64,888)
Loan Amount (₹5,00,000)
Bank/NBFCInterest RateMin. Loan AmountMax. Loan AmountMin. TenureMax. TenureProcessing Fees Part PaymentApply 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 ?
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?
Not getting the desired Loan Amount?

Try Adding the income of a co-applicant like a working spouse

Have multiple existing loans?
Have multiple existing loans?

Financebuddha can help you consolidate all your loans into one to increase your eligibility

Personal Loan in Mumbai Details

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 05 Nov,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:

  1. Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one).
  2. Proof of Residence: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  3. Latest 3 months Bank Statement (where salary/income is credited).
  4. Salary slips for last 3 months.
  5. 2 Passport Size photographs.

List of Documents Required for Self-Employed:

  1. KYC Documents : Proof of Identity; Address proof; DOB proof.
  2. Proof of Residence: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one)
  3. Income proof (audited financials for the last two years).
  4. Latest 6 months Bank statement.
  5. Office address proof.
  6. Proof of residence or office ownership.
  7. Proof of continuity of business.
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