Personal Loan in Mumbai - Apply Online @10.89%

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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/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

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 22 Jan,2020)

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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Personal Loan in Mumbai - Apply Online @10.89%

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Loan Amount

Interest Rate

Tenure

Personal Loan EMI Calculator

Break-up of Total Payment

Rate of Interest is high ?

Not getting the desired Loan Amount?

Have multiple existing loans?

Personal Loan in Mumbai

How Finance Buddha can help you get a Personal Loan in Mumbai?

Personal Loan Eligibility Criteria in Mumbai

Personal Loan Interest Rates, Fees & Charges in Mumbai

Personal Loan Documents Required in Mumbai

List of Documents Required for Salaried Employees:

List of Documents Required for Self-Employed:

Unable to Decide? Get in Touch with Us
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Learn How to Manage Your Money to Retire Wealthy!

Personal Loan in Mumbai - Apply Online @10.89%

Apply

Loan Amount

Interest Rate

Tenure

Personal Loan EMI Calculator

Break-up of Total Payment

Rate of Interest is high ?

Not getting the desired Loan Amount?

Have multiple existing loans?

Personal Loan in Mumbai

How Finance Buddha can help you get a Personal Loan in Mumbai?

Personal Loan Eligibility Criteria in Mumbai

Personal Loan Interest Rates, Fees & Charges in Mumbai

Personal Loan Documents Required in Mumbai

List of Documents Required for Salaried Employees:

List of Documents Required for Self-Employed:

Unable to Decide? Get in Touch with Us query@financebuddha.com

Learn How to Manage Your Money to Retire Wealthy!

Unable to Decide? Get in Touch with Us
query@financebuddha.com