Personal Loan in Mumbai

Name: Personal Loan in Mumbai
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 personal loan in Mumbai for a rented flat in Andheri or wedding in Navi Mumbai or for a medical emergency, etc. Check, compare & apply for personal loans of up to Rs 40 lakh, including pre-approved offers.

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 15^th November '25

Valid till 15^th November '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

Find Best Personal Loan Offers

Sort by:

HDFC Bank

10 Second Disbursal*100% Digital Process*Quick Disbursal

Max. Loan Amt.Upto ₹25L

Rate of Interest9.99% - 12.5%

Tenure upto1-5 Years

Processing Fee₹ 6,500

Axis Bank

Low Processing fee

Max. Loan Amt.Upto ₹40L

Rate of Interest9.99% - 17.15%

Tenure upto1-5 Years

Processing Fee1% - 1.5%

Kotak Mahindra Bank

Lowest Income requirement100% Digital Process*

Max. Loan Amt.Upto ₹25L

Rate of Interest9.98% - 17.2%

Tenure upto1-5 Years

Processing Fee1.1% - 1.5%

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 50 lakh at interest rate of 9.98% p.a. onwards, based on:

Your monthly income: Usually, a 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

Avail Personal Loan For
All Your Needs

FAQs

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View All Articles

What our customers say

Got personal loan instant

I was a medical emergency & need funds instantly I applied for loan at Paisabazaar & see I have a pre approved offers & apply to it & amount disbursed in 48 hours thanks to paisabazaar teams

Mansi SharmaOct 17, 2025

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn't know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

Priyanka SharmaOct 15, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

Vivaan ShahSep 24, 2025

Personal loan mila yahaan se

Mujhko personal loan mila yahaan se bina koi dikkat hue. Maine toh online apply kiya aur 3 lakh ka loan mila 2 saal ke liye.

Pankaj SinhaSep 22, 2025

Great Customer support and response

Quick and efficient support team of Paisabazaar. Proper knowledge of product and good customer relationship by Abhishek Singh.

ABhisekh BordoloiSep 21, 2025

Got personal loan from Paisabazaar

I applied for personal loan from paisabazaar and it was disbursed in 2 days. My immediate requirement was fulfilled just in time. Thanks guys for the prompt response and quick approval.

Pranoy SenSep 19, 2025

Got personal loan from Paisabazaar

I applied for personal loan from paisabazaar and it was disbursed in 2 days. My immediate requirement was fulfilled just in time. Thanks guys for the prompt response and quick approval.

Pranoy SenSep 19, 2025

Feedback - Customer support

I recently received a quick loan through PaisaBazaar, and I want to sincerely appreciate the excellent customer support I received from Ms. Abhinaya ( Customer EW33882) During a critical financial situation, her guidance and support were truly exceptional. She was patient, professional, and empathetic throughout the process, making sure I understood everything clearly and felt confident in my decisions. Thank you, Ms. Abhinaya, and PaisaBazaar, for being there when I needed it most.

EZAKIEL BSep 18, 2025

View All Testimonials

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

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

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

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

How quickly can I get a loan in Mumbai?

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

Will changing jobs recently affect my loan approval?

Personal Loan Articles

What our customers say

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