Personal Loans in Mumbai | Interest Rates, Instant Approval Online

Apply for Personal Loan in Mumbai – Find Instant E-approval, Special Offers, Best interest rates and lowest EMI from all major personal loan providers in Mumbai through deal4loans.

Personal loan in Mumbai Details:

Interest Rates 11.49% – 26.00%
Max. Loan Amount 30 Lakh
Processing Fees Zero – 3.00%
Prepayment Charges Nil, Upto 5.00%
Min. Income Rs.15000/- p.m
Loan Repayment upto 7 years
Lowest EMI per month Rs.2199
Minimum Loan Rs.50000


Compare Personal Loan Rates – Eligibility – Process of Top 10 Banks

Loan Amount

Employment Status


Latest Personal loan Interest Rates (2016) Mumbai

Bank Interest Rates
ICICI Bank 13.49% – 17.50%
HDFC 11.49% – 20.00%
Kotak 11.50% – 20.00%
Axis Bank 15.00% – 20.00%
Bajaj Finserv 15.00% – 16.00%
Fullerton 16.00% – 32.00%
Indusind 14.00% – 16.50%
Tata Capital 13.50% – 18.00%

Mumbai Personal Loan Overview:
Mumbai – the commercial, financial and entertainment hub of India – is also one of the wealthiest cities in the country. It generates over 6 per cent of India’s GDP and is also among top commercial centres globally.
For Mumbaikars, consumer durables such as air-conditioners, refrigerators, built-in ovens and microwaves are not luxury but a necessity. Though the average salary is high, still people find that their earnings are less as compared to their expenditure. To meet the shortfall, banks and other financial institutions offer personal loans at competitive rates and flexible tenure.
Generally, people prefer personal loans to meet expenditures on renovation of home, medical emergency, marriage functions and festivals as they get a lump sum on credit without any hassles and get flexibility in repayment.
Many people plan vacation to foreign destinations which can be very expensive and may burn a deep hole in their pocket. In such a situation, they avail personal loans to meet the expenses and then repay the loan in easy EMIs.
At Deal4loans, you can check out for:
• Personal loans in Mumbai
• Instant e-approval
• Special offers
• Interest rates and EMIs being offered by major banks and institutions
• Processing fee and other charges

You may get a good discount on interest rates, Processing fees & prepayment charges on personal loans if you are working in the following top companies:
Tata Consultancy Services | Accenture | Capgemini | L&T Infotech | J.P. Morgan | Larsen & Toubro | iGATE | Reliance Industries | Deloitte | Fractal Analytics | eClerx | Reliance Communications | CRISIL | Syntel | Wipro | Mastek | Oracle | Tech Mahindra | Tata Motors

Personal loan Mumbai (Processing Fees)

Bank Processing Fee
ICICI Bank 0.8% – 2.00%
HDFC 0.8% – 2.00%
Bajaj Finserv 2.00% – 2.50%
Kotak 1.50% – 2.00%
SBI 2.00% – 3.00%
Axis Bank 2.00%

Personal loan in Mumbai (Pre Payment Charges):

Bank Prepayment Charges
ICICI Bank 5.00%
HDFC 4.00%
Bajaj Finserv Nil
Kotak 5.00%
Axis Bank Nil
Standard Chartered 2.00% – 5.00%

List of documents required to apply for personal loan in Mumbai:
For salaried persons:
• Identity proof
• Address proof
• Bank statements of last 3-6 months
• Salary slip
• Guarantors and their set of documents
For self-employed customers:
• Balance sheets
• Profit and loss account
• Partnership deed and other documents

List of Bank branches for Personal loans in Mumbai

Indian Bank – Sainara, No. 17, Cuffe Parade, Captain Prakash Pethe Marg, Cuffe Parade, Mumbai – 400005
State bank of Patiala – 447, The Bureau, Chembur Naka, Ramakrishna Chemburkar Marg, Jai Ambe Nagar, Chembur Gaothan, Kurla East, Mumbai, Maharashtra 400071
Indusind Bank – Mamta House, 231, Swami Vivekanand Rd, Bandra West, Mumbai, Maharashtra 400050
Axis Bank – Ground Floor, Jeevan Prakash Building, Sir P.M. Road, Fort, Mumbai, Maharashtra 400001
United Bank – Ground Flrth Floo, Shree Sanathan Dharam Sch, R C Marg, Chembur East, Mumbai – 400071
HDFC Bank – Netaji Subhash Chandra Bose Rd, Churchgate, Mumbai, Maharashtra 400020
HDFC Bank – CST Road, Vidya Nagari, Kalina, Santacruz East, Mumbai, Maharashtra 400098
Bajaj Finserv – 1, Western Express Hwy, Hanuman Tekdi, Goregaon, Mumbai, Maharashtra 400063
Bajaj Finance – B-10, 1 st Floor, Shree Ram Industrial Estate, Sharda Talkies Road, Opp Vadala Udyog Bhavan, Katrak Road, Mumbai, 400031
ICICI Bank – Yadav Patel Lane, Chandrakant Dhuru Wadi, Dadar West, Mumbai, Maharashtra 400028
ICICI bank – Pattathu House,, 45-C, Kalina Kurla Rd, Kalina, Santacruz East, Mumbai, Maharashtra 400029
Axis Bank – Sai Heritage, Tilak Road, Near Balaji Mandir, Ghatkopar East, Mumbai, Maharashtra 400077
Axis Bank ltd – Plot No. C/20, Sona Building, 1st Rd, Opp BMC Ward Office, Chembur, Mumbai, Maharashtra 400071
Standard chartered – B-21, Sanghvi Paritosh, V C Metha Road, Jvpd Scheme, Mumbai – 400049
Tata capital – VB Gandhi Marg, Kala Ghoda, Fort, Mumbai, Maharashtra 400001

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