Personal Loan in Mumbai — Rates from 10.25%
Compare 55+ lenders for the cheapest personal loan in Mumbai, Maharashtra. Instant approval, online application, disbursal in minutes. Average loan: ₹3,00,000.
Download GoCredit — Check Eligibility in MumbaiBest Personal Loan Lenders in Mumbai
Compare personal loan offers from top banks, NBFCs and fintechs in Mumbai. Instant approval and online application available.
HDFC Bank
bankIndia's most trusted private bank for personal loans
ICICI Bank
bankFast digital approvals, competitive rates
Bajaj Finserv
nbfcIndia's most popular NBFC — instant approvals
Axis Bank
bankDigital-first banking with competitive rates
Kotak Mahindra Bank
bankSmart banking for smart borrowers
Navi
fintechZero fees, instant disbursal
Tata Capital
nbfcThe trusted Tata name behind every loan
Personal Loans in Mumbai — What You Need to Know
Mumbai, India's financial capital, is home to the country's highest concentration of salaried professionals and entrepreneurs. The personal loan market here is extremely active, with competitive rates from top banks and NBFCs.
The average personal loan amount in Mumbai is ₹3,00,000, with the cheapest interest rate starting from 10.25%. With GoCredit, residents of Mumbai can get an instant personal loan from 55+ lenders including HDFC Bank, ICICI Bank, Bajaj Finserv and more — all through a single AI-powered app.
Personal Loan Interest Rates in Mumbai — Lender Comparison
| Lender | Interest Rate | Min CIBIL | Max Amount | Disbursal |
|---|---|---|---|---|
| HDFC Bank | 10.5% - 24% | 700+ | ₹40,00,000 | 24 hours |
| ICICI Bank | 10.65% - 16% | 700+ | ₹50,00,000 | 24-48 hours |
| Bajaj Finserv | 11% - 34% | 685+ | ₹40,00,000 | 24 hours |
| Axis Bank | 10.49% - 22% | 700+ | ₹15,00,000 | 24-48 hours |
| Kotak Mahindra Bank | 10.99% - 24% | 700+ | ₹35,00,000 | 24-48 hours |
| Navi | 9.9% - 45% | 650+ | ₹20,00,000 | 5 minutes |
| Tata Capital | 10.99% - 28% | 700+ | ₹35,00,000 | 24-48 hours |
Unlock exclusive rates from premium NBFCs and fintechs not shown here. Many offer lower rates than banks — but only through the app.
Personal Loan Eligibility in Mumbai
Check if you qualify for a personal loan in Mumbai — minimum CIBIL 650+. For salaried and self-employed individuals. GoCredit's AI agent matches you with the best lender from 55+ options.
Personal Loan EMI Calculator for Mumbai
How much will a personal loan cost you in Mumbai? EMI breakdown for ₹3,00,000 (average loan amount) at the cheapest to highest rates available.
EMI calculated using standard reducing balance method. Actual EMI may vary based on lender terms.
FD vs Personal Loan Calculator
Need money urgently? Compare whether breaking your Fixed Deposit or taking a personal loan in Mumbai is cheaper.
Should You Break Your FD or Take a Personal Loan in Mumbai?
Compare the cost of breaking your Fixed Deposit vs taking a personal loan to meet your needs.
Apply for Personal Loan Online in Mumbai
GoCredit's AI agent does the hard work for you — finds, compares, and applies to 55+ lenders automatically. No manual searching.
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Why 50 Lakh+ Indians Trust GoCredit
Documents Required for Personal Loan in Mumbai
Want a personal loan in Mumbai without documents? Fintech lenders need minimal paperwork — just PAN and Aadhaar. Banks require more, but GoCredit's 100% digital process means no branch visits.
- ✓ PAN Card
- ✓ Aadhaar Card
- ✓ Salary Slips (3 months)
- ✓ Bank Statement (6 months)
- ✓ Address Proof
- ✓ PAN Card
- ✓ Aadhaar Card
- ✓ Salary Slips (3 months)
- ✓ Bank Statement (3 months)
- ✓ PAN Card
- ✓ Aadhaar Card
- ✓ Digital KYC (in-app)
Frequently Asked Questions — Personal Loan in Mumbai
What is the lowest interest rate for personal loan in Mumbai?
Which lender gives the fastest personal loan in Mumbai?
Can I get a personal loan in Mumbai without CIBIL score?
What is the maximum personal loan amount available in Mumbai?
How many lenders offer personal loans in Mumbai?
What documents do I need for a personal loan in Mumbai?
Can self-employed people get a personal loan in Mumbai?
What is the average personal loan amount in Mumbai?
Is it better to break my FD or take a personal loan in Mumbai?
How quickly can I get a personal loan in Mumbai?
Pincodes Served in Mumbai
GoCredit lenders are available across 121 pincodes in Mumbai, Maharashtra. Enter your pincode in the GoCredit app to check eligible loan offers instantly.