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Personal Loan in Mumbai

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51M+Satisfied Customers
65+Lending Partners
800+Cities across India

Find Best Personal Loan Offers

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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 ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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%

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Why Choose Paisabazaar?
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Compare & Choose the Best Offer

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Pre-approved Offers with Instant Disbursals

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Know Your Chances of Approval

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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

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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 BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
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Avail Personal Loan For
All Your Needs

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FAQs

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.

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

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.

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.

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

Personal Loan Articles

Importance of No Dues Certificate in Personal Loan Closure - Article image

Importance of No Dues Certificate in Personal Loan Closure

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Paisabazaar02 Sept 2025
Loan rejected despite high income? Here’s what you need to know - Article image

Loan rejected despite high income? Here’s what you need to know

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Paisabazaar19 Aug 2025
Personal Loan for First Time Borrowers: What Customers Must Know - Article image

Personal Loan for First Time Borrowers: What Customers Must Know

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Paisabazaar04 Aug 2025
How I Saved Rs 22,000 on My Personal Loan through Prepayment - Article image

How I Saved Rs 22,000 on My Personal Loan through Prepayment

icon image of Bhumika Khandelwal
Bhumika Khandelwal31 Jul 2025
How Have Personal Loans Advanced Over the Past few Years - Article image

How Have Personal Loans Advanced Over the Past few Years

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Paisabazaar17 Jul 2025
Factors To Consider While Selecting a Personal Loan Lender - Article image

Factors To Consider While Selecting a Personal Loan Lender

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Paisabazaar16 Jul 2025
Instant Personal Loan Apps: Avoid These 5 Pitfalls - Article image

Instant Personal Loan Apps: Avoid These 5 Pitfalls

icon image of Bhumika Khandelwal
Bhumika Khandelwal16 Jul 2025
Reasons for Delay in Personal Loan Processing - Article image

Reasons for Delay in Personal Loan Processing

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Paisabazaar09 Jul 2025
APR vs Interest Rate in Personal Loans: What’s the Difference? - Article image

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

icon image of Bhumika Khandelwal
Bhumika Khandelwal07 Jul 2025
Tips to Choose an Ideal Personal Loan Tenure - Article image

Tips to Choose an Ideal Personal Loan Tenure

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Paisabazaar07 Jul 2025
View All Articles
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What our customers say

Loan from Paisabazaar was actually paperless

I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

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Tanmay BorkatakiDec 12, 2025

Best place for a small loan

I have take loan of 60-70000 three times from paisabazaar in 4 years and every time it has been a very good experience. They provide the loan without failure and have also helped me improve my cibil.

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Aridaman Singh ParhichaDec 11, 2025

My loan got approved immediately

I wanted a loan and I was able to get it approved through Paisabazaar. It was instantaneous and I got the amount in my account in 2 days only.

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Priyam Sarkar MajumdarDec 10, 2025

I get loan from here

I get loan from Paisabazaar here and it is very quickly given to me.

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Bilal ZaidiDec 9, 2025

Excellant EMI calculator and expert assistance available

The EMI calculator helped me choose the right repayment plan. Clear guidance at every step made the loan process really easy.

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Mohit YadavDec 3, 2025

Fully Digital Process for Real.

Loved the real-time loan status updates.Everything was handled online — didn’t have to visit any branch.

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Gautam BakshiDec 3, 2025

Lower Rate than My Own Bank

Got a lower interest rate than my bank was offering.Smooth digital verification and quick disbursal.

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Shivani SuryaDec 3, 2025

Pre-approved offers with quick approval

I liked how Paisabazaar showed pre-approved offers without affecting my credit score. Customer support was prompt and helped me close the loan quickly.

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Suraj VermaDec 3, 2025

Same day approval. wow.

The loan was approved the same day — super smooth and transparent process.

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Shiv KumarDec 3, 2025

Best Loan Terms on My Credit Score in the Market

Paisabazaar helped me get a loan even with a borderline credit score. Really impressed with how smooth everything was.

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SunnyDec 3, 2025
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Vandana Punj
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Shamik Ghosh

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*Applicable for selected customers