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Personal Loan Mumbai

Tips for Best Personal loan deal
1) Compare exact Emi | Processing fee | Tenure | Documents before choosing bank.
2) Never pay any fee to any person to get loan sanctioned. Processing fee is deducted from Loan amount.
3) Only give documents to one bank and check whether he is authorized Bank employee or vendor.

 
Lowest Emi Quote from 9 Banks
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City
Net Salary (Yearly)
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Documents required for Personal Loan in Mumbai:

The documentation process in personal loan is very fast as against secured loans. Following documents are required by financial institutions to process the loan application:

• Identity proof
• 3 to 6 months Bank statements
• Residence proof
• Salary slip
• Guarantors & their same set of documents
In case of self-employed banks require balance sheets, profit & loss account, partnership deed & other mandatory documents etc.

About Mumbai:-

Mumbai, which was previously known as Bombay is a major metropolitan city of India. It is the state capital of Maharashtra. Mumbai city is known as the business capital of India. The city has the largest and the busiest port handling India's foreign trade and a major Interntional airport. India's largest Stock Exchange which ranks as the third largest in the world, is situated in Mumbai. The total population of Mumbai is about 10 millions. It is still growing. Mumbai/Bombay can not be complete without the mention of Bollywood, the biggest Indian film industry which churns out hundreds of Hindi block-busters every year.


Current Personal Loan Interest Rates

Banks
Rate of Interest
Processing Fee
Loan Amount
Prepayment Charges
Disbursal Time
HDFC Bank
13.99% - 22.25%
2% (Acc holder), else 2.5%
Rs.50,000 - Rs.15,00,000
4%
2Days - 7Days
Bajaj Finance
15% - 17%
Upto 2%
Upto 25 Lacs
NIL Foreclosure
Approval In 24 Hours
Kotak Bank
15% - 19.00%
up to 2%
Rs.100,000 - Rs.15,00,000
5%
7 days
ICICI Bank
14% - 18.50%
2% - 2.25%
Rs.50,000 - Rs.15,00,000
5%
7Days
Ingvysya Bank
14.5% - 18.25%
1.5% (For ING Salary Account Holder), other wise 1
1 Lac - 15 Lacs
0% (Valid till 31st May 13 )
2-4 working days
Basic Documents
Identity Proof : Passport/ Driving License/PAN card/ Photo credit card (with embossed Signature and last two months statement)/ banker’s sign verification (Anyone of the above)
Age Proof : PAN Card/ Passport/ Driving License / School leaving certificate/ Voter’s card/BirthCertificate/ LIC policy (only for age Proof). (Anyone of the above)
Address Proof : Passport/ Telephone bill (BSNL/MTNL)/ Electricity bill/ Title deed of property/Rental agreement/ Driving license/ Election ID card/ Photo-credit card (with last two month statements) (Anyone of the above)
Income Proof : Latest salary slip/current dated salary Certificate with latest form 16 (Anyone of the above)
Job Continuity Proof : Form 16/relieving letter/appointment Letter (for last two months) (Anyone of the above)
Banking History : Bank statements of latest 2 months/ 3 months bank passbook (Anyone of the above)

Disclaimer: Deal4loans.com doesn't provide Loans on its own but ensures your information is sent to bank which you have opted for. 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.
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Disclaimer: Information is sourced from respective Banks websites. Deal4loans.com doesn't provide Loans on its own but ensures your information is sent to bank/agent which you have opted for. 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
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