Personal Loan in Mumbai Apply Online @10.5%
Loan Amount
₹
Interest Rate
%
Tenure
mo
Personal EMI Calculator
Loan EMI
₹ 23,537
Total Interest payable
₹ 64,888
Total Payment
(Principal + Interest)
(Principal + Interest)
₹ 5,64,888
Break-up of Total Payment
Interest Amount (₹64,888)
Loan Amount (₹5,00,000)
| Bank/NBFC | Interest Rate | EMI | Processing Fees | Part Payment | Apply Now |
|---|---|---|---|---|---|
11.49% - 19.5% (Fixed) | ₹ 4620 | upto 2.5% | Apply | ||
11.49% - 17.85% (Fixed) | ₹ 4580 | upto 2.5% | Apply | ||
13.5% - 24% (Fixed) | ₹ 4728 | upto 2.5% | Apply | ||
13% - 18% (Fixed) | ₹ 4584 | upto 2.5% | Apply | ||
11.99% - 15.75% (Fixed) | ₹ 4531 | upto 2.5% | Apply | ||
13% - 18% (Fixed) | ₹ 4584 | upto 2.5% | Apply | ||
11.99% - 14.5% (Fixed) | ₹ 4501 | upto 2.5% | Apply | ||
11.99% - 14.75% (Fixed) | ₹ 4507 | upto 2.5% | Apply | ||
13.5% - 17% (Fixed) | ₹ 4560 | upto 2.5% | Apply | ||
13% - 20% (Fixed) | ₹ 4632 | upto 2.5% | Apply |
Rate of Interest is high ?
Try Applying for a higher Loan Amount as most bank reduce interest rates as loan amount increases
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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 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
| 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 Rs .15 Lacs |
Net monthly salary of Rs. 30,000/- |
1 Year- 5 Years |
21-60 years |
2 years |
6 months |
| SBI |
Up to Rs. 10 Lacs |
Net monthly salary of Rs. 30,000/- |
1 year – 4 Years |
21-60 years |
2 years |
1 Year |
| ICICI Bank |
Up to Rs.40 lacs |
Net monthly salary of Rs. 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 Rs. 25 lacs |
Net monthly salary of Rs. 40,000/- |
1 Year- 5 Years |
21-60 years |
2 Years |
1 Year |
| Fullerton India |
Up to Rs. 30 Lakhs |
Net monthly salary of Rs. 30,000/- |
1 year – 4 Years |
21-60 years |
2 Years |
1 Year |
| Kotak Mahindra Bank |
Up to Rs. 15 Lakhs |
Net monthly salary of Rs. 30,000/- |
1 year – 5 Years |
21-58 years |
2 Years |
1 Year |
| Indusind Bank |
Up to Rs. 20 Lakhs |
Net monthly salary of Rs. 30,000/- |
1 year – 5 Years |
23 - 60 years |
2 Years |
6 Months |
| Axis Bank |
Up to Rs. 15 Lakhs |
Net monthly salary of Rs. 30,000/- |
1 year – 5 Years |
21 - 60 years |
2 Years | 1 Year |
| Citibank |
Up to Rs. 30 Lakhs |
Net monthly salary of Rs. 30,000/- |
1 year – 5 Years |
21 - 60 years |
2 Years | 1 Year |
| Standard Chartered Bank |
Up to Rs. 30 Lakhs |
Net monthly salary of Rs.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.
|
Bank |
Interest Rates |
|---|---|
| HDFC Bank |
11.49 - 19.50% |
| ICICI Bank |
11.49 - 17.99% |
| Bajaj Finserv |
11.49% |
| Kotak Mahindra |
11.50 - 20.00% |
| IndusInd Bank |
12.99 - 17.00% |
| Standard Chartered |
11.99 - 15.00% |
Apart from interest rates some of the other charges are listed below. These are specific to the Mumbai location applicants.
|
Bank |
Processing Fee |
Pre-payment charges |
|---|---|---|
| Bajaj Finserv |
2 - 2.5% |
Nil |
| ICICI Bank |
0.8% - 2.00% |
Zero or 5.00% |
| Axis Bank |
2.00% |
Nil |
| Kotak Mahindra Bank |
1.5 - 2.00% |
5.00% |
| HDFC Bank |
0.8% - 2.00% |
4.00% |
Personal Loan Documents Required in Mumbai
List of documents for Salaried:
- 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 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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