Comparison of Personal Loan Interest Rates of Top Banks/NBFCs in Mumbai
| Banks/NBFCs | Interest Rates(p.a.) | |
| HDFC Bank | 10.50% onwards | Apply Now |
| SBI | 11.00%-15.00% | |
| ICICI Bank | 10.75% onwards | Apply Now |
| Axis Bank | 10.49% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.49% onwards | Apply Now |
| Bajaj Finserv | 11.00% onwards | Apply Now |
| Tata Capital | 10.99% onwards | Apply Now |
Note: Rates as of 28th March 2023
EMI Calculator
EMI Calculator
₹
%
Year(s)
EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Personal Loan Features
- No end usage restriction except for speculative purposes
- Interest Rates- 10.49% p.a. onwards
- Loan Amount- Up to Rs 40 lakh
- Repayment Tenure- Up to 5 years
- No collateral security
- Instant loan disbursal
- Pre-approved personal loans
- Processing Fee- Up to 4% of loan amount
Income Requirements for Personal Loan in Mumbai
For Salaried: Minimum monthly income of at least Rs 15,000 per month
Eligibility for Personal Loan in Mumbai
- Minimum Age: 21 years
- Nationality: Indian
- Having credit score 750 and above can increase the chances of availing personal loan
- Job Profile: Salaried doctors, employees of public and private sector companies, employees of Government sector/Public Sector Undertakings/Central/Local bodies, self-employed professionals and self-employed non-professionals
Documents Required for Personal Loan in Mumbai
- Application form with photograph
- ID Proof- PAN Card/Aadhaar Card/Voter ID/Passport/Driving License
- Age Proof- Aadhar Card/Birth Certificate/SSC Certificate/Voter ID/PAN Card
- Address Proof- Aadhar Card/Voter ID/Driving License/Passport/copy of ration card /electricity bills/gas connection bills
- Salary slips for last 3 months
- Bank account statement for last 6 months
- Form 16/ITR for past 3 years