Since the cost of living is very high in Navi Mumbai it often becomes difficult for the residents to fulfill their personal needs. In such situations, you can apply for a paperless personal loan in Navi Mumbai to manage all your expenses.
Navi Mumbai is a beautiful city in Thane district to the Northeast of Mumbai.It was founded in 1971 as a satellite township to take the pressure off Mumbai city. Most of the software companies in Maharashtra have their offices in Navi Mumbai. The government of Maharashtra has set up software parks to cater to the growing demand. Many large institutions have their offices here.
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.
Documentation needed to apply for an Navi 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
Navi Mumbai Personal Loan Interest RatesUpdated on 22 Oct 2020
Navi Mumbai Personal Loan Details
Interest Rate (Monthly reducing balance)
13.49% - 34%
1 year to 5 years
2% - 5%
No guarantor required
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
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KOTAK bank has offered high of interest , which I would suggest to decrease it. I have applied a personal loan through online. To sanctioned the loan took 10 days. I have provided required documents. The loan amount was sufficient with tenure period of 3 years. Interest is high. There is an option of pre closure. I use to pay EMI of 7200 rupees.
HDFC bank is very helpful in getting the loan on time and its a branded bank so that i availed the personal loan from them. I got an interest rate of 12% for the loan amount of Rs. 1 lakh. They have taken 15 days to sanctioned this loan. If i want to close the loan, I can do it after 1 year and i don't need to pay any extra charges.
My personal loan was purchased from HDFC and the loan amount was 7.50L and the tenure was 5 years and paying EMI of 16k. Interest rate is high so i am not happy . They have sanctioned the loan in pretty quickly, it was Diwali time i received within 2 working days.
I have availed personal loan through HDFC Bank Online .The rate of interest and the processing fee was very minimum . The loan process was lengthy around 30 days and not got the reason. Other than that everything was good .The loan process was very smooth and hassle free.
I was applied a personal loan with Home Credit through online. The loan amount was sanctioned of 50K. The tenure period of 3 years. The rate of interest of 12-13% which is high and processing fee of 3%. I am not aware about pre closure option. Already I have completed 3 EMIs and use to pay of 2900 rupees.
I have taken a personal loan with SBI before 10 months. I was using net banking through then I received the link of yono mobile application. I had a offer for personal loan and I was in a need so I applied for it. The loan amount. Rs.3.99 Lakhs with the rate of interest 12.5% which is fine and they provided the tenure of 6 years.
I have applied a personal loan from CITI BANK through online on a month before. But I have not received any calls or message from this bank. They closed this loan application without any information. The customer service and responsiveness was okay.
I have taken a personal loan from DMI Finance. The loan amount was Rs. 50,000 and the tenure is 1 year. The rate of interest was 10.99% its good. I received the loan amount within 7 working days. Documentation process was simple and good. Executive collected the documents.
I have taken personal loan through HDFC Bank directly.The rate of interest was nominal ,The loan amount got sanctioned on proper time frame .Each and every details about the loan was clearly shared by the agent.The loan amount was sufficient and satisfied with the service as well.
I have an account in ICICI bank and it will be better if i taken the personal loan from them. I got the loan amount of Rs. 50,000 and they have offered interest rate is 14% and i have chosen the tenure period of 6 months and i have already closed the loan.
There is a comparison available and i was very comfortable in choosing the personal loan from the lower interest provided by TATA capital. I bought the loan amount of Rs. 2 lakhs and i believe processing fee was around rs. 1000 which they have not mentioned earlier if they are informing the same before initiation of the loan hence its very helpful for the customer.
I did not get any information from HDFC BANK for personal loan rejection but I think, my credit score is low due to credit card bill outstanding. Actually the services were good and am holding a salary account with them. The bank person said the documentation process was postponed and not came to collect my documents.
I have availed Home credit India Finance Private Limited personal loan through Online .The agent gave all the information about the loan process,There was proper follow up and callback from Home credit .I have got loan amount sanctioned on time.I am really satisfied with the service so far .
I was applied for a personal loan with TATA CAPITAL LIMITED on few months before which was processed through an online. Since I am holding an existing loan with other, on sudden credit score was low. The loan amount of 4 lakhs for the tenure period of 5 years. The rate of interest was nominal.
I had applied for HDFC Bank personal loan where my application was got closed without any reason and waited a long time to and update from the Bank but rate of interest was nominal as per the market and HDFC bank should update on customers application behalf of closing the application.
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, navi mumbai
Reviewed on Sep 19, 2019
I did not receive any call from Indusind Bank Ltd for my personal loan application. I am using this bank credit card so thought it will be easier to process the loan as well hence have applied for it. The documentation process was not happened. It would be appreciable, if they could consider the customer request and call back to do the needful.
I have applied for Induisnd Bank personal loan through Online .I have not taken this loan since not got proper response after collecting the documents .The rate of interest and the processing fee was variable .The agent gave all the information about the loan process.I have got the update will receive callback from bank end but not got any revert.
Bajaj Finserv did the personal loan process very quickly, I availed Rs. 10 lakhs of loan for the duration of five years.I felt rate of interest is huge compared to other bank I got it for 16% but its a reducing one. Their mobile app is average to check the loan history , they need to improve on it.
Due to emergency I applied for personal loan in CITI Bank but unfortunately they taken long time to complete the process. I done online documentation with the online channel but from the bank end they called me only once after four day by that time I availed the loan from other source.
Due to the personal reason I couldn't continue with HDFC bank, the response is good and the documentation procedure was told to me but I was not interest to proceed further. The rate of interest is also fine at the time. I would prefer the same bank for my future needs.