Personal Loan Mumbai

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Why us?

Rates as low as 10.50%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

Major Personal Loan Providers in Mumbai

Feature
HDFC Bank
ICICI Bank
Bajaj Finance
Interest Rate
10.50% - 18.50%
10.75%
12%
Min Loan Amt
Metro : 75000 & Non Metro: 50000
25000
15000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
1 - 5 Years
9 months to 24 months
1 month to 24 months
Processing Fee
0.99% to 2.0% of the Loan Amt
0.25% to 1.50%
Nil
Preclosure Chgs
2%, Nil foreclosure charges after 3 months
2%, Nil foreclosure charges after 9 months
Nil
Overdraft Facility
Yes
Yes
Yes

Personal Loan Mumbai Features

Click here to get an instant personal loan

personal loan mumbai

A personal loan can help you to get some money for your finances’ needs. This loan is unsecured with minimal documentation and less paperwork. This loan can get approved within just 2 days after all the verification process.

Personal Loan is an unsecured loan that provides financial aid to the customers at affordable interest rates, which can be paid easily.

Any of your requirements can be fulfilled by personal loan Mumbai at very low and affordable interest rates.

Personal Loan Mumbai Interest Rates

To apply and know more about personal loan Mumbai click on Personal Loan

Bank
Processing Fee
Prepayment Charges
HDFC Bank Personal Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 3 months
Axis Bank Personal Loan
0.50% to 1.50%
Nil
ICICI Bank Personal Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 9 months
SBI Personal Loan
500/- to 0.50%
Nil
Kotak Personal Loan
1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Personal Loan
Nil
Nil
Muthoot Personal Loan
Nil
Nil
Manappauram Personal Loan
Nil
Nil
PNB Personal Loan
0.70% to 1%
Nil
Canara Bank Personal Loan
1%
Nil
Andhra Bank Personal Loan
Nil
Nil

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Documents for Personal Loan Mumbai

Salaried Customers:

  1. PAN Card of the person applying.
  2. Residence Proof required (Owned/Rented/Company provided) for loans.
  3. Passport-sized photographs – 2 of the person for applying.
  4. Identity proof required for the personal loan Mumbai (Aadhar card/driving license/Voter Id)
  5. Salary slips of the last three months of the applicant are also required.
  6. Bank statements for the last 6 months of the person applying for a loan.

*NOTE: In case of rented apartments, rent agreement needs to be attached.

Self-Employed Customers:

  1. Aadhar Card is required to avail of the loan.
  2. Residence Proof( Current and Permanent) is needed for applying.
  3. Two passport-sized photographs of the person applying for a loan.
  4. All financials are required of the customer(Balance Sheet, P&L Statement as well as ITR files) to apply.
  5. PAN Card is mandatory for applying.

personal loan at 10.75%*

Eligibility Criteria for Personal Loan Mumbai

Click here to know about personal loan eligibility

Salaried Applicants

  1. The job location of the applicant should also be mentioned.
  2.  A borrower should also have a minimum income of INR 25,000 per month
  3. The minimum age of the individual should be 21 years and maximum of 60 years.
  4. Work experience of the three years and the salary should also be received in their accounts only.
  5. Applicants must have an excellent credit history.

Click here to know more about: personal loan for Salaried Applicant

Self-Employed Applicants

  1. The credit score of the individual applicants should be good and there should not be any debt or dues left of the individual.
  2. The annual income of the applicants should be a minimum of Rs 2.5 lakh.
  3. The whole documentation process of the personal loan is that the applicants have to submit their financial and bank statements of the previous three months.
  4. The minimum age for an independent person should be 25 years.
  5. The applicants applying for the personal loan should need to have a file of ITR for the last three years.
  6. If the applicants are the businessman, then the business should be running from the past three years constantly.

Click here to know more about: personal loan for self-employed Applicant

Why Apply for Personal Loan Mumbai?

  1. The amount of personal loan given also depends upon the repayment of individual income and capacity.
  2. Personal Loan does not require any guarantor or nominee to avail it.
  3. No need to deposit any mortgage and collateral security to the bank is a very good advantage.
  4. A personal loan is a multi-purpose offer loan and it can be used for all the problems related to finance.

How to apply for Personal Loan Mumbai?

  1. Visit our website www.dialabank.com
  2. Go to the loan section on the page and click on the personal loan link.
  3. The applicant will be directed to all the details of the personal loan where they can choose their preferred city, according to their needs.
  4. For more information on personal loans and free guidance, you may call on 9878981166.

personal loan at 10.75%*

Processing Fee / Prepayment Charges on Personal Loan Mumbai

Every Bank and NBFC charges a fee for processing your Loan application. These charges vary between 1.5% to 2.5% of the sanctioned loan amount.

If you close your loan before the agreed loan tenure in the documents, every lending institution charges you a penal prepayment fee for the loan period agreed earlier. In most cases, you cannot close your loan before 12 months from the date of availing the loan. Post that the charges also vary depending on how many years the loan has done. These charges can vary from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.

To know about the interest rate click on personal loan interest rate

Personal Loan Mumbai EMI Calculator

Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the personal loan.

Enter Loan Information:
1) Loan Amount (Rs.):
2) Rate of Interest (Annual)
3) Loan Tenure (Years)
Payment Information:
4) Your monthly payment will be:
5) Your total payment will be:
6) Your total interest payments will be:

CIBIL Score required for Personal Loan Mumbai

Every lending institution has its criteria for the minimum CIBIL score required for processing Personal Loan application in Mumbai. Most institutions require a minimum score of CIBIL of 750 to process your loan application.

The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

personal loan at 10.75%*

Personal Loan Mumbai Agents

Dialabank is the best agent for availing Personal Loan in Mumbai.

You can easily apply online at www.dialabank.com or give a call at 9878981166

Dialabank helps you find the best option of Banks and NBFCs by providing you with a detailed market comparison of different kinds of banks so that you can make the right choice. Visit our website www.dialabank.com and fill a very simple form with your personal and employment details. Our customer relationship managers will get in touch with you very soon.

Personal Loan Mumbai Contact Number

Call 9878981166 and get instant help and approval for availing Personal Loan Mumbai in Mumbai.

Pre-Calculated EMI Table for Personal Loan Mumbai

Click here for personal loan EMI calculator

Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466

About Mumbai

personal loan mumbai

Mumbai which was previously known as Bombay is a densely populated city on India’s west coast. Mumbai is a financial center, it’s India’s one of the largest city. On the Mumbai Harbour waterfront stands one of India’s best iconic Gateway of India, built by Britishers in the year of 1924. Also, there are Elephanta Island near the city which holds beautiful ancient cave temples dedicated to the Hindu god Shiva. The city’s also famous as the heart of the Bollywood film industry in the country.

FAQs About Personal Loan Mumbai

Who can apply for a Personal Loan in Mumbai city?

People who have an urgent need for cash and have a regular source of income (from employment or business) can apply for a Personal Loan in Mumbai city.

What is the tenure of Personal Loan in Mumbai city?

Most of the Banks and NBFCs provide a Personal Loan for a minimum period of 1 Yr and a Max. period of 5 Years. There are some Banks which extend the max. period to 7 Years also. The tenure is fixed and cannot be extended further. The repayment has to be done in equal monthly installments within the agreed tenure of the loan taken.

Are there any other charges involved in Personal Loan Mumbai city?

Yes, there are 2 types of charges that one needs to pay to avail a personal loan in Mumbai city.

Processing Fee: For every bank or lending institution that you borrow a loan from, there is a very small fee that they charge from the customer. This is also known as Processing Fee. The amount of processing fee varies for each lending institution and is normally between 1% and 2.5% of the loan amount by an individual.

Pre-closure Charges: When you want to close a running loan before its agreed tenure period, the Banks and NBFCs will charge an extra amount known as pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges loans. The pre-closure charges vary depending on how many years has your loan completed before you decide to pre-close it completely.

Can my application for Personal Loan Mumbai city can get rejected due to my CIBIL score?

Personal Loan is an unsecured loan, one of the most important criteria for getting your Loan application approved is your CIBIL Score. Having a good and high CIBIL score becomes extremely important if you wish to avail of a Personal Loan in the future. Make sure you don’t skip any of your loan EMI payments or any credit card payments as that will result in decreasing your CIBIL score and will affect your chance of availing a loan. Most of the Personal Loan rejections happen only due to a low CIBIL Score.

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