Multiple banks. Different interest rates. Call it a "conflict of interest".
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    Mumbai Personal Loan

    We found 32 Mumbai Personal Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    1% to 2.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Ad INSTANT DECISION
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19.50% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    1% - 2% One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.00% - 17.99% Fixed
    2.25% (min. ₹1149) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.85% - 11.85% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.49% - 20.15% Fixed
    Up to 2%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.5% - 13.25% Fixed
    0 One time fee
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Mumbai Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Need to improve"
      0.5 4.0/5 "Great!"
      I got the personal loan with the HDFC bank and the rate of interest was huge like it was before 2009. The loan amount got disbursed to my account within a week of time. Processing charges were also on a higher end and the customer service is a kind of okay one, which I have experienced.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 29, 2017
    • HDFC Bank Personal Loan
      "Needs to improve a lot "
      0.5 2.5/5 "Just OK"
      I have not got the personal loan with the HDFC bank because it got rejected a lot of times. Rate of interest was around 12% to 13% and I expect it should be around 11%. Services are good with the HDFC bank and I would like to suggest that they need to provide the information during the intial stage itself.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 29, 2017
    • HDFC Bank Personal Loan
      "Not a goood experience"
      0.5 3.0/5 "Satisfactory"
      I have used the HDFC bank credit card and the credit limit value was around seventy thousand Rupees and the response was not really good. I would like to suggest that they need to work on the credit limit and the customer services. Online services are kind of okay but it made to get confuse.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 29, 2017
    • Bank Bazaar Customer Support
      "Good service"
      0.5 4.0/5 "Great!"
      I am happy with the Bank bazaar service which they have provided. The web portal with bankbazaar.com is easy to use and customer friendly. The response and the customer support is really good and very helpful in concern to personal loan application.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 29, 2017
    • ICICI Bank Personal Loan
      "Criteria has to informed prior "
      0.5 3.0/5 "Satisfactory"
      ICICI executive have told that my salary haven't met their eligibility criteria to avail a personal loan. ICICI gave a call within 2 days of time after applying for the loan. The rate of interest is nominal with ICICI bank. Overall the service is good with ICICI bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 29, 2017
    • HDB Financial Services Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      HDB Financial services did call me and check on my requirement for the personal loan. I could not proceed ahead because I did not have the necessary documents as I am a self employed person and work from home. Not sure on the interest rate and charges.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 29, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar has been great. I am happy with all the follow up calls which I was getting. My details was also acknowledged on time as soon as I registered my information on the portal. The website is informative and pretty much helpful too.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 29, 2017
    • Standard Chartered Bank Personal Loan
      "Good services & high on ROI"
      0.5 4.0/5 "Great!"
      Standard Chartered bank responded to my application on time for the personal loan and kept me informed about the details. I cancelled my application because I was not comfortable with the interest rate and processing charges. Else it was a good experience.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 29, 2017
    • Bank Bazaar Customer Support
      "The website is good"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar was calling me regularly on my personal loan application. They provided all the required information regarding the loan and they informed me about the required documents as well. Their website is kind of easy to navigate and informative.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 27, 2017
    • ICICI Bank Personal Loan
      "Good in Response"
      0.5 5.0/5 "Blown Away!"
      I had submitted my personal loan application with ICICI bank through online source. But then I did not take the loan as I cleared my requirement by my own. I received good response from the bank for my loan application and their customer service is good.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 27, 2017
    • HDFC Bank Personal Loan
      "Good experience with HDFC"
      0.5 5.0/5 "Blown Away!"
      HDFC loan process finished very fast, they gave me very good interest rate of 12% it is least in the market. My loan got disbursed within five days of time, I took the amount of 2.5 lakhs for the tenure of three years after one of locking period, I could do the part payment.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 26, 2017
    • HDFC Bank Personal Loan
      "Good experience with HDFC"
      0.5 5.0/5 "Blown Away!"
      HDFC loan process finished very fast, they gave me very good interest rate of 12% it is least in the market. My loan got disbursed within five days of time, I took the amount of 2.5 lakhs for the tenure of three years after one of locking period, I could do the part payment.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 26, 2017
    • Bank Bazaar Customer Support
      "One stop solution for the loan products"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar follow up is really good. I received continuous call and mails from them to check my loan application status and they connected with the bank on time. Website is good to check the different interest rate and various offers in the market.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 26, 2017
    • ICICI Bank Personal Loan
      "Loan process should be faster for an existing customer"
      0.5 4.0/5 "Great!"
      I am very fine with ICICI service because I am an existing customer of it. Their interest rate is also good but service was getting delay. I was an emergency situation, hence I approached other bank for the personal loan process and I got the disbursement.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 26, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is a very good site. I got immediate response from them. This is my very First Experience . Customer service offered by them was good.They have started my interaction with them. I got a very prompt response after applying from them.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 26, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with ICICI Bank. I would say its a speedy process because when I applied for a personal loan I would say over all it was a good experiences. Rate Of Interest They have offered is 12% I have applied for 1.50 lakhs received 1.47 laksh in which 4k they have charged for processing fee and charges.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 26, 2017
    • HDFC Bank Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The HDFC service is really good, when I got the Personal Loan they gave very good follow up. Hdfc just took 5 days to disburse my Personal loan. The rate of interest is very nominal with HDFC bank. I am happy with the loan amount. Overall I am satisfied with the service.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 26, 2017
    • Fullerton Personal Loan
      "Need improvement"
      0.5 1.0/5 "Really Bad"
      I didn't got proper response from the Fullerton . They didn't even explained me about the product. I would like to suggest Fullerton to improve their service with good response . The rate of interest is very high when compared with others. It would be great if they decrease their interest rate.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 26, 2017
    • Bank Bazaar Customer Support
      "Easiest web portal"
      0.5 3.0/5 "Satisfactory"
      Bankbazaar website is good and it is quite easy to navigate. It is like having all things in one basket so it was very easy to check all the banks and its interest rate and other charges. Also easy to apply for the loan on bankbazaar web portal.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 25, 2017
    • Tata capital Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Actually I had not submitted the required documents to Tata capital to avail the personal loan, therefore my loan application was closed. Other than that Tata capital was quite good in providing response. I do not recall anything about the rate of interest.
      Was this review helpful? 1
      , mumbai
      Reviewed on May 25, 2017
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    Mumbai Personal Loan is Rated as "Great!" by 6078 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Mumbai a cosmopolitan metropolis, earlier known as Bombay, is the largest city in India and the capital of Maharashtra state. Mumbai was originally a conglomeration of seven islands on the Konkan coastline which over time were joined to form the island city of Bombay.Mumbai is undoubtedly the commercial capital of India and is one of the predominant port cities in the country.

    A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. An unsecured loan is an umbrella term used for loans which do not require collateral. Banks, credit unions, and other financial institutions offer personal loans on an ongoing basis.


    You’re probably eligible for an Mumbai Personal Loan if you are

    01
    02
    03
    04
    Mumbai Personal Loan Minimum Age

    At least 21 years old

    Mumbai Personal Loan Maximum Age

    Less than 65 years old

    Mumbai Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Mumbai Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Mumbai Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Mumbai Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Mumbai Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs

    Mumbai Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Mumbai Personal Loan amount by these steps

    01
    02
    Mumbai Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Mumbai

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Mumbai Personal Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Mumbai Personal Loan Interest RatesUpdated on 30 May 2017

    Mumbai Personal Loan Details
    Interest Rate (Monthly reducing balance) 13.49% - 34%
    Processing Fees 0.5-2.5%
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% - 5%
    Guarantor Requirement No guarantor required

    How do I get a Personal Loan with the lowest interest rate in Mumbai?

    Interest rate of personal loans is based mainly on the person’s monthly income and it does vary at times depending of the applicant’s place of residence. Most of the mainstream lenders offer loans at a higher rate in metropolitan cities when compared to other places in the country. The unsecured loans given in Mumbai range from Rs.50,000 to Rs.40,00,000 and it subject to certain conditions. Credit score too plays a key role in determining your eligibility criteria when it comes to applying for a personal loan in the nation’s financial capital. Most of the leading banks such as Bank of India, Central Bank of India, SBI, IDBI, etc., have their headquarters in Mumbai. Given below are the interest rates and other minimum requirements to avail personal loans in Mumbai.

    Personal Loan Interest rates in Mumbai 2017

    Name of the Bank Rate of Interest
    HDFC Bank 11.5% to 20%
    ICICI Bank 11.6% to 18%
    Bajaj Finserv 11.5%
    Fullerton India 21% to 32%
    Kotak Mahindra 11.5% to 20%
    Indusind Bank 13% to 17%
    Standard Chartered 12% to 15%

    Salary requirements to avail Personal Loans in Mumbai

    Bank Name Minimum Salary of the Applicant
    HDFC Bank Rs.12,000 per month
    ICICI Bank Rs.25,000 per month
    Bajaj Finserv Rs.40,000 per month
    Fullerton India Rs.25,000 per month
    Kotak Mahindra Rs.25,000 per month
    IndusIand Bank Rs.25,000 per month
    Standard Chartered Rs.25,000 per month

    Apart from the above mentioned conditions, most of the banks sanction loans only if you have resided in the city for a minimum duration of 1 year. Also, make sure that you maintain a decent credit score while applying for personal loans. Though, interest rates may vary for most of the banks, other prerequisites remain same most of the times. 

    Check For Latest: Gold Rate in Mumbai Or Silver Rate in Mumbai
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