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Top Personal Loan Lenders in Mumbai | 2018

Personal Loan in Mumbai at lowest rate of interest

Personal Loan Interest Rates in Mumbai

Read below comparison sheet for Personal Loan Interest Rates.
DealsofLoan has consolidated all the information regarding the latest rate of interests at one place. This loan comparison will surely help you to apply for a personal loan.

Comparison chart for the rate of interests and loan amount.

Banks/Finance company Min. Salary Per month in Rs Rate of Interest Between Loan Amount Provides Between
HDFC BANK 15000 10.99% - 18% 1 Lac – 40 Lac
ICICI BANK 17500 10.99% – 18% 1 Lac – 40 Lac
Yes BANK 25000 10.75% -  16% 2 Lac – 40 Lac
Capital First 20000 12% - 24% 1 Lac – 10 Lac
Fullerton India 12000 18% – 40% 25 k – 15 Lac
HDB Financial 20000 14% – 21% 1 Lac – 15 Lac
Tata Capital 20000 12% - 18% 1 Lac – 15 Lac
RBL Bank Ltd 20000 13% - 18% 1 Lac – 15 Lac
Please keep visiting this section to remain updated for attractive personal loan offers in Mumbai.

Personal Loan Real time Approval

      Dealsofloan offers instant soft approval for Personal Loan which further gets disbursed in 48 hours from our in-house NBFC, multiple banks & other NBFCs. Enjoy the fastest process, door step services, transparent processing, simple & easy documentation and competitive lowest interest rate.

      We also provide loans to those who are bachelors living on the shared basis or rented. A personal loan is purely unsecured, short term cash loan, which means that the individual customer is not required to provide the bank with any security (ex. property, jewels) or any kind of guaranty against the personal loan.

      Formally, for any urgent cash requirement, we prefer personal loan. It can be taken for any general purposes like education, reconstruction of property/home renovation, a wedding expense, vacation etc. Most of the finance companies or other banks offer Personal Loan up to Rs. 40 lacs for salaried customers. Normally, it can be repaid over a period of 12 months to 60 months. Some of the banks are funding more than that.

      The personal loan amount you are eligible for and the personal loan interest rate for you will depend on factors such as monthly income, customers employment history, residence history and past financial credit history along with the pattern. Banks typically have capped the monthly payment (EMI) on your loan to about approximately 60% – 70% of your monthly take home income. However, a customer cannot take a personal loan for any kind of bad investment or expense which is not approved by the banks or by the law.

Personal Loan offers / schemes, lowest interest rates from different financial companies in Mumbai.

      We are here to help all our customers to get special offers from all the Banks/ NBFCs for quote on interest rates in many different ways (ex. monthly reducing rate, flat rate). Looking at the interest rate value alone might not give you a true picture of which personal loan quote is the best for you. You must check the EMI. The processing fee should also be considered when comparing loan quotes.

      If you are in urgent need of Personal loan, just compare the average time taken by the banks to disburse a personal loan. Get Instant Personal Loan in Mumbai.

      Compare the customer satisfaction ratings of each bank and choose the best, as the application process is different at each bank.

You can take help for comparing the best deal from DealsofLoan team at free of cost.

Apply Now for Best Offers

Personal Loan Eligibility in Mumbai

Personal loan eligibility criteria for salaried employee is as follows.
  • Minimum age of Applicant : 21 years
  • Maximum age of Applicant at loan maturity : 60 years
  • Minimum Net Monthly Income : Rs. 15,000 per month (minimum Rs. 15,000 – Rs. 20,000 in some banks according to their loan eligibility criteria)

Documents Required for Personal Loan in Mumbai

For Salaried Customers
  • One valid Identity proof.
  • Latest six months Bank statements.
  • Latest Residence proof.
  • Latest three month Salary slip.
  • If required guarantors & their same set of documents.

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