Personal Loan in Mumbai

Name: Personal Loan
Brand: Paisabazaar
Rating: 4.2 (2839 reviews)

Mumbai is a city of contrasts from local train rides to luxury high-rises and it comes with a cost. Get...

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Get up to ₹1,000*

Voucher on disbursal

Valid till 31^st August '25

Valid till 31^st August '25*T&C Apply

Check Personal Loan Offers Online

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Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Paisabazaar Exclusive Benefits

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

Personal Loan EMI Calculator

Amount

₹

₹1 L

₹5 L

₹10 L

₹15 L

₹20 L

Amount

₹1 L

₹5 L

₹10 L

₹15 L

₹20 L

₹

50K50L

Rate of Interest(Per Annum)

8%30%

Tenure

1Y 10Y

Your Monthly EMI Payment

₹0

Principal Amount₹0

Interest Amount₹0

Total Amount₹0

Find Best Personal Loan Offers

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HDFC Bank

10 Second Disbursal*100% Digital Process*Quick Disbursal

Max. Loan Amt.Upto ₹40L

Rate of Interest10.9% - 24%

Tenure uptoUpto 6 Years

Processing Fee₹ 6,500

Axis Bank

Low Processing fee

Max. Loan Amt.Upto ₹10L

Rate of Interest9.99% - 22%

Tenure uptoUpto 6 Years

Processing FeeUpto 2%

Kotak Mahindra Bank

Lowest Income requirement100% Digital Process*

Max. Loan Amt.Upto ₹35L

Rate of Interest10.99% - 16.9%

Tenure uptoUpto 6 Years

Processing FeeUpto 5%

Quick Links

Personal Loan Interest Rates in Mumbai

What Do You Need to Apply?

Why Use Paisabazaar in Mumbai?

Need Rs 5 Lakh Loan in Mumbai?

Why Choose Paisabazaar?

Compare & Choose the Best Offer

Pre-approved Offers with Instant Disbursals

Know Your Chances of Approval

End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Personal Loan Amounts and Interest Rates in Mumbai

Most lenders in Mumbai offer personal loan amounts of up to Rs 40 lakh at interest rate of 10.50% p.a. onwards, based on:

Your monthly income: Usually minimum Rs 15,000 for salaried and Rs 5 lakh p.a. For self employed applicants
Credit score: 750+ preferred
Employer type: MNC, private, government
EMI/NMI Ratio: Within 50-55%
Employment/Business Continuity: Usually 1 year of employment stability/3 years of business continuity

What Do You Need to Apply?

Basic Documents for Personal Loans in Mumbai:

PAN and Aadhaar for identity verification
Salary slips (last 3–6 months)
Bank account statements (recent 3–6 months)
Employment proof (offer letter or company ID)

No Paperwork for Pre-Approved Offers:

If you’re an existing customer with a bank/NBFC, you may be eligible for pre-approved personal loans with zero documentation. The lender already have the KYC details such as Aadhaar Card, PAN Card, income details, loan repayment history (in case of borrowers), etc. This eliminates the need for submitting fresh documents by those existing customers.

Why Use Paisabazaar in Mumbai?

Paisabazaar helps you:

Compare 30+ top lenders without applying separately
Get instant pre-approved offers
Apply 100% digitally - no need to visit any branch
Check your credit score for free
Get support for quick loan disbursal

Need Rs 5 Lakh for a Major Expense in Mumbai?

Skip the long queues and multiple applications. With Paisabazaar, you can instantly explore personalized loan offers from 30+ top lenders – including pre-approved ones. Compare interest rates, EMI and repayment tenure, know your credit score side-by-side all from a single platform, without stepping out. Enjoy a 100% digital process designed for speed and convenience.

All you need to:

Download Paisabazaar App or click anywhere on the apply section of the website.
Fill in employment type, annual income details, salary bank account, current residence city etc, to get your best offers on personal loan.
You will also be able to know your chances of approval.

Avail Personal Loan For
All Your Needs

Local Safety Tips for Taking Personal Loans in Mumbai

Download apps only from official app stores.
Avoid sharing Aadhaar, PAN via WhatsApp or unknown links.
No legitimate lender will promise approval without eligibility checks.
Never pay upfront processing fees to unknown entities.
Read the fine print before signing.
Ask for a full loan agreement and review the total cost of borrowing—not just interest rate.
If you suspect fraud, report it to:
- Cyber Crime Cell, Mumbai
- Google Play Store or App Store (for fake apps)
- RBI Sachet Portal (https://sachet.rbi.org.in)

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

HDFC BANK Axis Bank Kotak Mahindra Bank ICICI Bank Federal Bank IDFC First Bank Indusind Bank RBL Bank Tata Capital

View All Partners

Avail Personal Loan For
All Your Needs

FAQs

If you’ve changed jobs within the last 2–3 months, some lenders may consider you a higher risk as employment stability is one of the factors in the loan approval process. You may need to wait until you’ve completed the minimum job experience criteria set by the lender.

Some lenders offer loans to delivery partners, freelancers and gig workers based on alternate income proofs like bank statements or ITR. The loan application approval depends on your repayment capacity, financial stability, credit score, minimum income, etc.

It is safe if the app is RBI-registered or partnered with an RBI-licensed NBFC/bank. Avoid unknown or unverified apps that could misuse your data.

Make sure the lender is RBI-registered before applying for a loan. Use trusted platforms like Paisabazaar to avoid fraud.

Most lenders require a minimum monthly income of Rs 15,000. Some NBFCs and fintech lenders offer loans to low-income applicants but at a higher interest rate.

Need More Help?

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Bhumika Khandelwal31 Jul 2025

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Bhumika Khandelwal16 Jul 2025

Reasons for Delay in Personal Loan Processing

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APR vs Interest Rate in Personal Loans: What’s the Difference?

Bhumika Khandelwal07 Jul 2025

Tips to Choose an Ideal Personal Loan Tenure

Paisabazaar07 Jul 2025

Can Your Personal Loan EMI Change During the Loan Tenure?

Bhumika Khandelwal03 Jul 2025

Benefits of Personal Loan Balance Transfer

Abhijit Biswas27 Jun 2025

View All Articles

What our customers say

Personal Loan

Maine Paisabazaar se personal loan apply kiya or Jaldi approval bhi mil gaya aur zyada documents bhi nahi lage.

Abbaz AhmedApr 10, 2025

Got pre-approved Loan offer

I was looking for Personal loan and came across this platform. I applied online and received multiple loan offers instantly and got a pre-approved offer, and the amount was disbursed within 48 hours.

Kirti MadaanMar 17, 2025

Loan for Home Renovation

Do din pehle maine apne purane ghar ki renovation ke liye Paisabazaar se loan apply kiya. Process kaafi easy aur smooth tha. Aaj subah mujhe message aaya ki mera loan approve ho gaya hai.

Rohit GuptaMar 7, 2025

Personal Loan

Take Personal Loan from Paisabazaar. Approved in 2 days, easy process

Tarun RaghavJan 21, 2025

Took a personal loan

I took a personal loan from Bajaj Finserv via Paisabazaar, and it was easy! Paisabazaar made it smooth and simple. The whole process was quick and hassle-free!

Palvika PanchalJan 6, 2025

Personal Loan via Paisabazaar

Got a personal loan via Paisabazaar—super easy & quick! Kunal from sales was super helpful, explained everything well. Highly recommend! ?

DeshmukhDec 19, 2024

Loan for Medical Emergency

Mujhe ekdum urgent medical emergency ke liye paise chahiye the. Paisabazaar se loan liya, aur honestly, sab kuch ekdum smooth tha! Process fast tha, team helpful thi, aur paise bhi jaldi mil gaye

PawanDec 17, 2024

Get personal loan

Paisabazaar se pre-approved personal loan jadi milgya.. Or 48 hours mai paisa account mai agya.. Team is very helpful

Kirti GargDec 15, 2024

Good experience

Good experience with Paisabazaar! Loan approval hua within 48 hours aur rates bhi kaafi reasonable the.

Ashok KumarDec 13, 2024

Personal Loan

Main Travel k liye loan apply kiya tha.. jo jaldi hi approve hogya or account mai agya.

Deepak KumarDec 10, 2024

View All Testimonials

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Last updated: 30 July, 2025

Reviewed By

Vandana Punj

Written By

Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners

*Applicable for selected customers

Personal Loan in Mumbai

Paisabazaar Exclusive Benefits

Personal Loan EMI Calculator

Your Monthly EMI Payment

Find Best Personal Loan Offers

Quick Links

How Can I Apply for a Personal Loan Online?

Personal Loan Amounts and Interest Rates in Mumbai

What Do You Need to Apply?

Basic Documents for Personal Loans in Mumbai:

No Paperwork for Pre-Approved Offers:

Why Use Paisabazaar in Mumbai?

Need Rs 5 Lakh for a Major Expense in Mumbai?

Local Safety Tips for Taking Personal Loans in Mumbai

How Can I Apply for a Personal Loan Online?

FAQs

Will changing jobs recently affect my loan approval?

I work in the gig economy. Can I get a personal loan in Mumbai?

How quickly can I get a loan in Mumbai?

Is it safe to take a loan from a digital lender in Mumbai?

Can I get a loan in Mumbai with a Rs 20,000 monthly salary?

Personal Loan Articles

What our customers say

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