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Rs. 40,000 - Rs. 55 lakh
You may be eligible for a pre-approved offer in Mumbai
Enter mobile and OTP | Check offer | No branch visit needed
In summary
A personal loan in Mumbai from Bajaj Finance gives you access to Rs. 40,000 - Rs. 55 lakh with repayment spread across up to 108 months. Funds are disbursed within 24 hours* of document verification for eligible applicants.
- Loan amount: Rs. 40,000 - Rs. 55 lakh
- Tenure: 12 months to 108 months
- Minimum CIBIL score: 650 or higher
- Age eligibility: 21 years to 80 years
- Disbursal: within 24 hours* of document verification
- Application: 100% online — no branch visit required
- Loan variants: Term Loan, Flexi Term Loan, Flexi Hybrid Term Loan
Check your pre-approved loan offer with your phone number and OTP — no branch visit required.
Instant personal loan in Mumbai
Mumbai, the financial capital of India, is a bustling metropolis where opportunities meet aspirations. Whether you’re planning a home renovation, managing medical expenses, or funding a special occasion, a personal loan in Mumbai can provide the financial support you need. With simple application processes and flexible repayment options, you can easily get an instant personal loan in Mumbai without the hassle of extensive paperwork.
✅ Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*.
Bajaj Finance Personal Loans are unsecured, meaning no collateral or guarantor is required. Eligible applicants include salaried employees of public, private, and MNC organisations, as well as self-employed individuals who meet the CIBIL score and income criteria.
Features and benefits of personal loan in Mumbai
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Pre-approved offers
You can check if you have a pre-approved offer for a personal loan in Mumbai with just your phone number and OTP – no need to visit the branch.
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Disbursal in a few hours*
Get the loan amount in your bank account within 24 hours*, making it easy to manage any urgent expenses.
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Flexible repayment tenure
You can take a personal loan ranging from Rs. 40,000 to Rs. 55 lakh - and spread the repayment over long tenure of up to 8 years.
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Quick online approval
Apply online to receive quick approval on your personal loan in Mumbai within a few minutes.
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No collateral required
Get the personal loan without any collateral or guarantor – making the process simple and quick. Use the personal loan EMI calculator for to estimate your EMI.
Important: choosing the right tenure
A longer tenure lowers your monthly EMI but raises the total interest paid over the loan period. A shorter tenure increases the EMI but reduces total interest cost. Use the personal loan EMI calculator to compare both before finalising your application.
Applicants with a CIBIL score below 650 do not qualify for this loan. Improving your score before applying may result in a higher loan offer and more favourable terms.
Eligibility criteria for personal loan in Mumbai
You can easily get the funds you need in Mumbai with the below criteria:
| Criterion | Requirement |
| Nationality | Indian |
| Age | 21 years to 80 years |
| Employment type | Salaried or self-employed |
| Employer category | Public sector, private company, or MNC |
| Minimum CIBIL score | 650 or higher |
*You should be 80 years* or younger, at the end of the loan tenure.
What can you use a personal loan for in Mumbai?
Personal loans in Mumbai are commonly used to finance various needs, including travel, weddings, medical emergencies, and home expenses.These loans come with attractive personal loan interest rates in Mumbai, making it easier to manage expenses without straining your savings.
- For travel-related expenses, you can explore a personal loan for travel to cover costs like flights and accommodation.
- Couples planning their special day can avail a personal loan for wedding to fund ceremonies and celebrations.
- Medical emergencies can be handled smoothly with a personal loan for medical emergency, ensuring timely access to healthcare.
- For home repairs or renovations, a personal loan for home expenses provides quick financial support.
Documents required for personal loan in Mumbai
| Document Category | Accepted Options |
|---|---|
| KYC proof | Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card |
| Identity proof | PAN card, Real-time image / photograph |
| Employment proof | Employee ID card, Letter of Allotment of Accommodation Issued by Employer |
| Income proof | Salary slips — last 3 months, Bank account statements — last 3 months |
| Others | Pension order, Utility bill, Phone bill, Piped gas bill, Property / Municipal tax receipt |
Bajaj Finance ensures easy-to-meet eligibility criteria to make unsecured loans more accessible. The documents required are also minimal. Provide all the valid documents to process your application faster.
Check your eligibility for personal loan using just mobile number and OTP – 100% online process.
What are the lowest personal loan interest rates in Mumbai?
Interest rates on personal loans in Mumbai vary based on your CIBIL score, income, loan amount, and selected tenure. The interest rate for a Bajaj Finance Personal Loan in Mumbai ranges from 10% to 30% per annum. A higher CIBIL score and stable employment record generally result in a lower rate offered.
To explore detailed information on processing charges, tenure, and exact rates, check out personal loan interest rates.
How to apply for a personal loan online in Mumbai?
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Step-by-step guide to apply for a personal loan
- Click on ‘CHECK ELIGIBILITY’ on this page.
- Enter your 10-digit mobile number and the OTP sent to your phone.
- Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the offer or loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid Term.
- Choose the repayment tenure and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Our representative will contact you for further steps.
Apply for personal loan in other cities
Key offerings: 3 loan types
Personal loan interest rate and applicable charges
Type of fee | Applicable charges |
Rate of interest per annum | 10% to 30% p.a. |
Processing fees | Up to 3.93% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge | Term Loan – Not applicable Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes) |
Bounce charges | Rs. 700 to Rs. 1,200/- per bounce “Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason. |
Part-prepayment charges | Full Pre-payment:
Part Pre-payment
|
Penal charge | Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from loan amount. |
Annual maintenance charges | Term Loan: Not applicable Flexi Term (Dropline) Loan: Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.
Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure |
| Credit guarantee scheme fee | Up to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount |
| Credit guarantee scheme renewal fee | Up to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year. *Renewal Fee to be collected only for 3 subsequent financial years. **If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated. |
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000