Personal Loan in Mumbai | Lowest Interest Rates Personal Loans Mumbai

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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:

City:

Compare Best Personal loan In Mumbai Based on Rate of Interest – 2014

Latest Personal loan Interest Rates
( Last edited on : 29 October 2014 )
Bank Interest
Rates
Kotak 13.60%-18%
HDFC Bank 12.99%-20%
Fullerton India 21%-32%
SBI Saral 18.50%-
ING Vysya Bank 13.75%-18.75%
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
✓ iGATE
✓ Reliance Industries
✓ Deloitte
✓ Fractal Analytics
✓ eClerx
✓ Reliance Communications
✓ CRISIL
✓ Syntel
✓ Wipro
✓ Mastek
✓ Oracle
✓ Tech Mahindra

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

Banks

ICICI Bank

HDFC

ING Vysya

Bajaj Finserv

Kotak Mahindra

SBI

Axis Bank

Standard Chartered

Fullerton India

Processing Fees

0.8% for special companies else 2%

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

1.5%

2% – 2.5%

1.50% – 2.00%

2%-3%

2%

2%

2%

Choose Personal loan Mumbai based on Prepayment Charges

Banks

Bajaj Finserv

Axis Bank

SBI

ING Vysya

Standard Chartered

HDFC

Fullerton India

Kotak Bank

ICICI Bank

Prepayment charges

Nil

Nil

N.A

0% (Valid till 31st January 14 )

2% – 5%

4%

4%

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: This information is sourced from Bank's Website to help customers to gain information on Banks product.