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.

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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

Banks

Personal Loan Interest Rates 2025

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Institution	Interest Rates
HDFC Bank	10.85% – 24.00%
Axis Bank	11% – 24.00%
Bandhan Bank	11.90% Onwards
ICICI Bank	10.85% – 16.25%
DBS Bank	10.99% – 24.00%
Bank of Baroda	11.05% – 18.75%
SBI	11.45% – 14.85%
IndusInd Bank	10.49% – 24.00%
Yes Bank	11.25% – 21.00%
Standard Chartered	11.50% – 24.00%
IDFC First	10.99% – 23.99%
Kotak Mahindra Bank	10.99% – 24.00%
PNB	11.40% – 17.95%
Indian Bank	10.90% – 24.00%

NBFCs Interest rates for Personal Loan in Mumbai

NBFCs

NBFC Name	Interest Rate
InCred Interest Rate 2025	16% – 42%
Finnable Interest Rate 2025	16% – 28%
L&T Finance Interest Rate 2025	11% – 24%
Aditya Birla Interest Rate 2025	10% – 32%
Shriram Finance Interest Rate 2025	11% – 42%
Bajaj Finserv Interest Rate 2025	10.75% – 31%
Piramal Interest Rate 2025	12.99% onwards
Tata Capital Interest Rate 2025	11.99% – 35%
Poonawalla Interest Rate 2025	11.49% – 19%
SMFG Interest Rate 2025	13% – 36%
Axis Finance Interest Rate 2025	13% onwards
Mahindra Finance Interest Rate 2025	12% – 36%
Paysense Interest Rate 2025	16.8% – 33%

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	Minimum 1 year for salaried individuals; 3 years for 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 https://www.fincover.com/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.

Personal Loans by Bank