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Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!

Mumbai, the capital of Maharashtra has always been known as the city where dreams come true. Thousands of people from across the country come here in search of employment and make their dreams come true. While Mumbai is full of opportunities, it also has some challenges such as overpopulation, high real-estate prices etc. It takes years of hard work and savings for people to lead a comfortable life here. However, a personal loan with Bajaj MARKETS, can make things easier and help you achieve your dreams.

 

Top Personal Loan Providers in Mumbai

Many banks and NBFCs offer personal loans in Mumbai. Here is a list of all the lenders you can apply for a personal loan with at Bajaj MARKETS:

  • Bajaj Finance Limited

  • Axis Bank

  • Fullerton India Credit Co. Ltd.

  • PaySense Partners - PayU Finance (India) Pvt. Ltd

  • Prefr - Powered by Hero Fincorp

  • Muthoot Finance

  • SBFC Finance Pvt Ltd.

  • CASHe

  • EarlySalary

  • Yes Bank

  • KreditBee

Features & Benefits of Personal Loan in Mumbai

You enjoy a number of benefits if you take out a personal loan from Bajaj MARKETS to finance your lifestyle needs or in case of an emergency. Following are some of the features and benefits of availing a personal loan in Mumbai:

  • Minimal Documentation: These days, many lenders would grant personal loans with minimal documentation if you have a healthy credit profile. The application process becomes easier if you already have a good relationship with the lender.

  • Flexible Tenor: Most lenders allow you to repay your personal loan comfortably over a tenor of 1 to 5 years.

  • Quick Disbursal: In most cases, the loan amount is disbursed within 24 hours of approval of the loan application.

  • No Hidden Charges: There are no hidden charges involved if you apply for a personal loan at Bajaj MARKETS.

  • Quick Approval: All you need to do is fill in an online application form and upload the relevant documents. Your Personal Loan application will be approved instantly and the amount shall be disbursed within 24 hours of approval.

  • Online Loan Account: Get convenient access to your loan account anytime and anywhere with the Bajaj MARKETS customer portal - Experia.

  • Value-Added Services: You also get a few additional services if you apply for a personal loan at Bajaj MARKETS such as customised insurance plans to protect your loan liability and a free Financial Fitness report without any third party involved in the process.

Mumbai Personal Loan Interest Rates

You can avail personal loans in Mumbai from Bajaj MARKETS at affordable interest rates. The interest rates and processing fee charged by our various lending partners are mentioned in the table below:

Lender

Interest Rates

Processing Fees

Bajaj Finance Limited

14% p.a onwards

2% - 3% of the loan amount + GST or ₹500 + GST (whichever is higher)

Fullerton India

12% p.a onwards

Between 0% - 6% of the loan amount

PaySense

14% p.a onwards

2% - 2.5% of the loan amount + GST or ₹500 + GST (depends on whichever is higher)

Axis Bank

10.49% p.a onwards

Upto 2% of loan amount

Muthoot Finance

13.75% p.a onwards

2% - 4% of loan amount

SBFC Finance Pvt Ltd

14% p.a. onwards

2% of the loan amount

CASHe

33% p.a onwards

₹1,200 or 2% of loan amount, whichever is higher + GST as applicable

Prefr Partners

21% p.a onwards

3-5% (approximately) with minimum processing fee of ₹1,500 + GST

EarlySalary

24% p.a onwards

Starting from ₹399 + ₹100 stamp duty

KreditBee

14% p.a onwards

From ₹500 to up to 6% of the loan amount

Yes Bank

10.70% p.a onwards

From ₹1499 to 2.50% of loan amount

 

Eligibility for Personal Loan in Mumbai

While eligibility criteria are different for every lender, some of the general eligibility conditions that you will need to fulfil for most personal loans are:

  • You must be an Indian citizen.

  • You must have a regular source of income. You can be either a salaried employee of a company or a self-employed individual.

  • You must be a legal adult- at least 18 years of age. Some lenders have a higher lower age limit- 21 years or 25 years. There is also an upper age limit- to be eligible for a personal loan- usually between 58 and 65 years.

Documents Required for Mumbai Personal Loan

You will need to furnish the following documents while applying for a personal loan:

  • Identity Proof: Aadhaar Card, Voter ID Card, PAN Card, passport etc.

  • Address Proof: Aadhaar Card, driving licence, Voter Card, passport, utility bills, rent agreement, etc.

  • Proof of Income: Latest salary slips (usually last three months’ salary slips are required) or income return certificate or latest Form 16.

How to Apply for Personal Loan in Mumbai

Applying for a personal loan in Mumbai via Bajaj MARKETS is an easy and hassle-free process. All you need to do is follow the steps mentioned below:

  • Step 1: Visit the Personal Loans page on the Bajaj MARKETS website.

  • Step 2: Click on “Apply Now”. A new page will open with a form in which you need to fill in a few details.

  • Step 3: Enter some basic details like your income, type of employment and contact number.

  • Step 4: Compare the loan offers from the various partner lenders and pick the one that suits you the best.

  • Step 5: You can not customise your loan package by including some of the unique additional features such as the Finserv Protection Plan to protect your loan liability.

  • Step 6: Get Verified & Setup the Repayment: Verify your details & setup automatic repayments with our secured online process. The loan amount will be disbursed to your account in less than 24 hours.