Personal loan in Mumbai is offered by various banks and NBFCs. It is an unsecured loan, wherein the lending institution does not demand collateral. Mostly, this type of loan is offered to salaried individuals. However, there are special schemes for doctors, Chartered Accountants, consultants, lawyers, government employees, and others. The personal loan interest rates applicable are much lower than that on credit cards, making the borrowing option an affordable one to fulfil emergency or planned expenses.
On Loanbaba.com you can apply for a personal loan Mumbai.
Rs. 1 Lakh to Rs. 1 crore
1 Year to 5 Years
10.99% - 16.00%
As a ‘city of dreams’ and ‘financial hub’ of India, Mumbai is well-known for its urban lifestyle and high cost of living. It has one of the highest property rates in the country. Due to hike in expenses, you may feel the need of additional funds to take care of certain monetary needs. Thus, several financial institutions offer pocket-friendly funding options in form of personal loans in Mumbai, to cater to any kind of expense, such as:
A personal loan can be availed online. All it requires is minimal documentation. You have to submit KYC documents, income proof, recent bank statements, recent passport-sized photographs, and any other documentation asked by the financial institution. Below-provided are a few essential criteria to avail Mumbai personal loan.
One of the easiest ways to choose a good personal loan offer is to compare the offers across banks and NBFCs in Mumbai. Now, doing so manually by visiting each and every financial institution could be tedious, and here is where Loanbaba steps in. Our online platform offers all the personal loan details by partnered banks and NBFCs, so that is simple for you to compare the offers, and pick the ideal one. It takes less than 2 minutes to apply for a personal loan online in Mumbai on our website.
Below provided are important questions about personal loan in Mumbai.
You can keep a track of your loan application online by login into the website. As loan approval depends on the lending decision of the bank/NBFC, we at Loanbaba can take up to two working days or more to respond to your loan request.
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