Personal Loan in Mumbai | Lowest Interest Rates Personal Loans Mumbai

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

Mumbai Personal Loan Overview:
Mumbai is regarded as the wealthiest city in India, and enjoys the highest GDP of any city in South, West or Central Asia. Mum baits are believed to live life comfortably with upgraded consumer durables such as air-conditioners, hi-tech refrigerators, built-in oven and microwaves etc. Though a large number of people draw a comfortable salary, nevertheless, they experience a shortfall in their income to purchase hi-tech consumer durables. To counter such situation a range of banks and financial institutions are ready to lend the money in the form of personal loan at competitive interest rates with customized tenure.

Personal loan are also common for home renovations and medical emergency. Marriage, festivals and celebrations are other occasions for which personal loan are preferred in Mumbai.

A new trend has been developed among the Mumbai citizens to reach out to places in India and abroad. A mushroom growth of travel companies has accelerated this trend which resulted an extra burden to our pocket. At this moment of time, personal loan becomes the only option to meet this inviting excursion tour.

An enticing excursion tour has also added an extra burden to outflow. At this moment of time, personal loan becomes the only option to meet this expenditure.

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

Professional Details
Loan Amount:

Occupation :

Annual Income:


Compare Best Personal loan In Mumbai Based on Rate of Interest 2015

Latest Personal loan Interest Rates
( Last updated on : 22 May 2015 )
Bank Interest
Kotak 12.99%-17%
HDFC Bank 12.99%-20%
Fullerton India 21%-32%
Bajaj Finserv 15%-17%
HDB Financial Services 16%-21%
For Other Banks Click Here

You can get Lowest Interest Rates on Personal loans if you are working in these Companies:

✓ Tata Consultancy Services
✓ Accenture
✓ Capgemini
✓ L&T Infotech
✓ J.P. Morgan
✓ Larsen & Toubro
✓ Reliance Industries
✓ Deloitte
✓ Fractal Analytics
✓ eClerx
✓ Reliance Communications
✓ Syntel
✓ Wipro
✓ Mastek
✓ Oracle
✓ Tech Mahindra

Now Get Personal loan in Mumbai as Per lowest processing fee Charges




ING Vysya

Bajaj Finserv

Kotak Mahindra


Axis Bank

Processing Fees

0.8% for special companies else 2%

0.8% – 1.75% (for Special Companies) 2% (HDFC)


2% – 2.5%

1.50% – 2.00%



Choose Personal loan Mumbai based on Prepayment Charges


Bajaj Finserv

Axis Bank


ING Vysya

Standard Chartered


Fullerton India

Kotak Bank


Prepayment charges




0% (Valid till 31st January 14 )

2% – 5%




5% Or Nil (For Loan Amount More Than 10 Lacs)

Checklist of Documents required for Personal Loan in Mumbai:
The documentation process is very fast on Personal loans. Following documents are required by financial institutions to process the loan application:

In case of Salaried

  • Identity proof
  • 3 to 6 months Bank statements
  • Residence proof
  • Salary slip
  • Guarantors & their same set of documents
In case of Self Employed

  • Balance Sheets
  • Profit & Loss Account
  • Partnership Deed & other mandatory documents etc.

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  • Disclaimer: Information is sourced from respective Banks websites. We don't provide Loans on our own but ensures your information is sent to bank/agent which you have opted for. We don't do short term loans. Deal4loans has no sales team on its own and we just help you to compare loans .All loans are on discretion of the associated Banks/Agents. Read More