Instant Personal Loan in Mumbai for credit Score Above 750+
Get a pre-approved personal loan in Mumbai with interest rates starting at 10.50% p.a. Borrow up to ₹40 lakhs easily with quick processing and minimal documentation.
Personal Loan in Mumbai
Mumbai, the financial hub of India, offers a plethora of options for personal loans tailored to diverse needs, such as education, weddings, home renovations, or emergencies. With interest rates starting from 10.50% per annum, you can secure a loan with flexible repayment options, minimal paperwork, and quick approval.
Bank Interest rates for Personal Loan in Mumbai
Comparison of Personal Loan Interest Rates of Banks (2025)
| Bank | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| DBS Bank | From 10.99% | Up to ₹15 Lakhs | Apply |
| HDFC | From 10.85% | Up to ₹40 Lakhs | Apply |
| Axis Bank | From 10.49% | Up to ₹40 Lakhs | Apply |
| ICICI Bank | 10.75% – 19% | Up to ₹40 Lakhs | Apply |
| Bank of Baroda | 10.75% – 18.5% | Up to ₹5 Lakhs | Apply |
| SBI | From 11% | Up to ₹30 Lakhs | Apply |
| IndusInd | From 10.49% | Up to ₹50 Lakhs | Apply |
| Yes Bank | From 10.99% | Up to ₹40 Lakhs | Apply |
| Standard Chartered | From 11.5% | Up to ₹50 Lakhs | Apply |
| IDFC | From 10.49% | Up to ₹50 Lakhs | Apply |
| Kotak Mahindra | From 10.99% | Up to ₹40 Lakhs | Apply |
| PNB | From 11.40% | Up to ₹20 Lakhs | Apply |
| Bandhan Bank | From 11.55% | Up to ₹25 Lakhs | Apply |
Comparison of Personal Loan Interest Rates of NBFCs (2025)
| NBFC | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Apply |
| InCred | From 18% | Up to ₹3 Lakhs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Apply |
| PaySense | From 16.8% | Up to ₹5 Lakhs | Apply |
| Poonawalla | From 9.99% | Up to ₹30 Lakhs | Apply |
| Fullerton | From 11.99% | Up to ₹25 Lakhs | Apply |
| LendingKart | From 12% | Up to ₹3 Lakhs | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Apply |
| L&T Finance | From 12% | Up to ₹7 Lakhs | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Apply |
| Aditya Birla | From 11.99% | Up to ₹50 Lakhs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Apply |
Features of Personal Loans in Mumbai
| Feature | Details |
|---|---|
| Loan Amount | ₹50,000 to ₹50,00,000 |
| Interest Rate | Starting from 10.50% per annum |
| Repayment Tenure | 12 to 84 months |
| Approval Time | As quick as 24–48 hours |
| Processing Fee | 1%–2% of the loan amount |
| Prepayment Option | Available with applicable charges |
| Collateral | Unsecured loan; no need for collateral or guarantor |
Eligibility Criteria for Personal Loans in Mumbai
| Criteria | Details |
|---|---|
| Age | 21 to 65 years |
| Employment Type | Salaried or self-employed |
| Income | Minimum ₹20,000 per month |
| Credit Score | 750 or above for better rates |
| Work Experience | 1 year (salaried), 3 years (self-employed) |
Documents Required for Personal Loan in Mumbai
| Document Type | Examples |
|---|---|
| Identity Proof | Aadhaar, PAN, Passport, Voter ID, or Driving License |
| Address Proof | Utility bill, rent agreement, Aadhaar, or passport |
| Income Proof | Salary slips, bank statements (last 6 months), or ITR |
| Employment Proof | Offer letter, employee ID, or business registration |
| Photographs | Recent passport-sized photos |
Why Choose Personal Loans in Mumbai?
- Lowest Interest Rates: Starting at 10.50% per annum.
- Flexible Repayment Options: Tenure up to 84 months.
- No Collateral Required: Unsecured loans for salaried and self-employed individuals.
- Quick Disbursal: Funds credited within 24-48 hours of approval.
How to Apply for a Personal Loan in Mumbai?
Fincover.com is an online marketplace for various kinds of loans. We have tie-ups with several banks and NBFCs offering personal loans. Users can compare the parameters of personal loan from various sites in our platform and take a well-informed decision.
Mentioned-below is the process to apply for a Personal Loan at Fincover.
- Visit /banking/loan/personal/
- Enter all the required information as requested and Submit your personal loan application
- You will be displayed with a list of personal loan quotes from various Banks and NBFCs
- Apply for the bank and get a reference number. You can then check the status of the application from our dashboard.
- Upon approval, the loan amount will be disbursed to your bank account, and you can start using the funds for your intended purpose.
FAQ on Personal Loan in Mumbai
1. What is the minimum interest rate for personal loans in Mumbai?
Interest rates start at 10.50% per annum, depending on eligibility and lender.
2. How quickly can I get a personal loan in Mumbai?
Loan approvals can take 24-48 hours, provided all documents are in order.
3. What happens if I have a low credit score?
A low credit score may result in higher interest rates or rejection of the application.
4. Can I prepay my personal loan?
Yes, most lenders allow prepayment with applicable charges.
5. Do I need collateral for a personal loan in Mumbai?
No, personal loans are unsecured and do not require collateral.
