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Personal Loan in Mumbai

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ICICI BankICICI Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2.5%
Max. Loan Amount₹2 Crore
HDFC BankHDFC Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹4999+GST
Max. Loan Amount₹50 Lakh
Axis BankAxis Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹40 Lakh
Kotak BankKotak Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹12999+GST
Max. Loan Amount₹50 Lakh
Bajaj FinservBajaj Finserv
Processing Time1 - 2 Days
Interest Rate10% onwards
Processing FeesUpto 1.2%
Max. Loan Amount₹75 Lakh
IDFC First BankIDFC First Bank
Processing Time1 - 2 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹1 Crore
CholamandalamCholamandalam
Processing Time3 - 5 Days
Interest Rate17% onwards
Processing FeesUpto 4%
Max. Loan Amount₹50 Lakh

Personal Loan in Mumbai: Rate & Key Features 2026

The features of personal loans in Mumbai are given below:

Feature Details
Loan Amount Up to Rs. 50 lakh
Repayment Tenure Up to 5 years (may be higher in some cases)
Interest Rate Starting from 9.98% p.a.
Processing Fee Up to 3% of the loan amount
Collateral Requirement No collateral required
Documentation Minimal documentation needed

Top Banks for Personal Loan in Mumbai

PSU Banks Offering Personal Loans in Mumbai

Bank Loan Amount Interest Rate (p.a.)* Tenure
Bank of Baroda Up to Rs. 20 lakh Starting from 10.15% Up to 7 years
State Bank of India (SBI) Up to Rs. 50 lakh Starting from 10.00% Up to 7 years
Union Bank of India Up to Rs. 50 lakh Starting from 8.90% Up to 7 years

Private Banks Offering Personal Loans in Mumbai

Bank Loan Amount Interest Rate (p.a.)* Tenure
Axis Bank Up to Rs. 40 lakh Starting from 9.99% Up to 7 years
HDFC Bank Up to Rs. 50 lakh Starting from 9.99% Up to 5 years
ICICI Bank Up to Rs. 50 lakh Starting from 9.99% Up to 6 years
Kotak Mahindra Bank Up to Rs. 1 crore Starting from 10.99% Up to 6 years

NBFCs Offering Personal Loans in Mumbai

NBFC Loan Amount Interest Rate (p.a.)* Tenure
Bajaj Finserv Up to Rs. 1 crore Starting from 10.99% Up to 6 years
HDB Financial Services Up to Rs. 40 lakh Starting from 11.00% Up to 5 years
SMFG India Credit Up to Rs. 30 lakh Starting from 13.00% Up to 5 years

*Rates subject to change as per lender policies and borrower eligibility.

Personal Loan Eligibility in Mumbai

The common eligibility criteria set by most lenders in Mumbai are mentioned below:

  • Age: 
    • Minimum 21 years at the time of loan application
    • Maximum 65 years at the time of loan maturity
  • Credit score: 760+ (preferred)
  • Income: A minimum income of Rs. 15,000 per month

Pre-Approved Personal Loan for Mumbai Salary Account Holders

Applying for a pre-approved loan in Mumbai can help borrowers get quick disbursement. Borrowers with excellent credit scores can check for pre-approved personal loan offers from the lender with their salary accounts on Paisabazaar and apply for the best-suited one.

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Personal Loan for Self-Employed in Mumbai

Self-employed individuals in Mumbai can apply for a personal loan at Paisabazaar. Check personal loan offers for self-employed individuals from top lenders in the table given below:

Bank/NBFCInterest Rates (% p.a.)Processing Fees
Aditya Birla Finance10.99 onwardsUp to 4%
Axis Bank9.99 onwards*Up to 2%
Bank of Baroda10.15-18.00Up to 2% (Max. Rs. 10,000)
Bajaj Finance Limited10.00-30.00Up to 3.93%
Bank of India10.85-16.15Up to 1% (Min. Rs. 250; Max. Rs. 15,000)
Bank of Maharashtra8.75-13.55Up to 1% (Max. Rs. 10,000)
Canara Bank9.70-15.15Up to 0.5% (Max. Rs. 5000)
Central Bank of India9.85-11.65Up to 1%
Cholamandalam IFC10.00-28.004% - 6%
Dhani Loans & Services Ltd.13.99 onwards3% onwards
Federal Bank12.00 - 22.50*Up to 2%
HDB Financial Services10.00 - 35.00Up to 5.90%
HDFC Bank9.99 onwardsUp to Rs 6,500
Hero FincorpUp to 30*2.3% - 3%
HSBC Bank9.75 onwardsUp to 2%
ICICI Bank9.99 onwardsUp to 2%
IDFC FIRST Bank9.99 onwardsUp to 2%
IIFL Finance12.00 - 28.002% - 9%
Indian Overseas Bank10.25 onwardsUp to 0.75%
IndusInd Bank10.35 onwards*Up to 3.5%
Kotak Mahindra Bank9.98 onwards*Up to 5%
L&T Finance11.00 onwardsUp to 3%
Mahindra Finance8.00 - 25.002% of loan amount or Rs. 5,000, whichever is lower
Mannapuram Finance18.00 - 24.001% of loan amount
Moneyview14.00 onwards2% onwards
Muthoot Finance13.50 onwardsVaries for each application
Piramal Finance12.14 onwardsUp to 5%
Poonawalla Fincorp9.99 onwardsUp to 3%
Punjab & Sind Bank9.60-13.850.50% - 1%
Punjab National Bank10.25-16.80Up to 1%
Shriram Finance11.00 onwardsUp to 5%
Tata Capital10.99 onwardsUp to 3.5%
UCO Bank9.95 - 13.20Up to 1% (Min. Rs. 750)
Union Bank of India8.75 - 12.55Up to 1% (Max. Rs. 7,500)

*Paisabazaar special rates


Note: Rates as of 1st July 2026

Personal Loan for Gig Workers

Lender Loan Amount
Bajaj Finance Rs. 55 lakh
DMI Finance Rs. 5 lakh
Hero FinCorp Rs. 5 lakh
SMFG India Credit Rs. 30 lakh

EMI Calculator for Mumbai Residents

  • EMI calculator for Mumbai Residents can help them plan EMIs beforehand.
  • Paisabazaar’s personal loan EMI calculator is a free, online tool delivering instant results to users.
  • The calculator uses loan tenure, loan amount and interest rate to give results.

FAQs

Which bank gives the best personal loan in Mumbai 2026?

Paisabazaar helps borrowers avail the most-suited personal loan offers in Mumbai from top lenders in 2026. 

What is the minimum salary for a personal loan in Mumbai?

For a personal loan in Mumbai, borrowers need to have a minimum salary of Rs. 15,000 per month. Based on the loan amount applied for, the minimum loan amount requirement may also change.

Can I get a same-day personal loan in Mumbai?

Yes, pre-approved loans are usually disbursed within 24 hours. You can check for pre-approved offers on Paisabazaar.

What CIBIL score is required for a personal loan in Mumbai?

Lenders usually extend their best offers to applicants with a CIBIL score of 760+ for personal loans in Mumbai.

Is a personal loan available for Mumbai stock market professionals?

Yes, Mumbai stock market professionals can apply for a personal loan offered by lenders across India. However, such loans cannot be used for speculative activities.

Can self-employed professionals in Mumbai get personal loans?

Yes, self-employed individuals in Mumbai can get personal loans. Multiple lenders, including HDFC Bank, Axis Bank, IDFC FIRST Bank, YES BANK, etc., offer personal loans to self-employed individuals in Mumbai.

What is the maximum loan amount in Mumbai?

Mumbai residents can get a maximum loan amount of up to Rs. 50 lakh, based on their repayment capacity, through Paisabazaar.

What documents are needed for a personal loan in Mumbai?

The documents required for a personal loan in Mumbai include Aadhaar card, PAN card, salary slips, bank statements, etc. Document requirements may vary from one lender to another.

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What our customers say

Get My Personal loan disbursed

I would like to give a huge shoutout to Munni Nayak from Paisabazaar for her incredible support in helping me get my personal loan disbursed within just a few days. She was extremely cooperative throughout the entire process and demonstrated great knowledge by explaining every step in detail with patience and clarity. I truly appreciate her dedication, professionalism, and the smooth experience she provided. Thank you so much, Munni, for all your help and support!

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Preeti BhattMay 16, 2026

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026
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Sushmita Mishra profile
Written ByLinkedIn icon
Sushmita Mishra
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

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

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001

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