Personal Loan in Mumbai – Features, Benefits, Eligibility and Beyond

personal loan

Mumbai is the economic capital of India, and it is the centre of attention of all significant economic activities taking place. As a result, leading financial lenders make their leading offerings available in the city for eligible citizens to avail of.

The personal loan in Mumbai is one facility that sells like hotcakes. It is because the quick personal loan in mumbai is easy to apply, comes with a higher borrowable amount and much more. If you live in Mumbai and want to know how much you can get if you apply for a small personal loan here, then this post can help you know all. Read on!

Personal Loan in Mumbai – Features and Benefits at a Glance

The quick personal loan facility in Mumbai comes loaded with so many attractive features and benefits that it may help you suffice your urgent and other needs. Have a look.

Higher Loan Amount

If you have required creditworthiness, then you can apply and get up to Rs.25 lakh from leading banks and non-banking finance companies (NBFCs). You can use the loan amount to consolidate debts, manage wedding and medical expenses and more.

Collateral Free Loan Facility

The personal loan in Mumbai is a collateral-free facility, which means that you don’t need to pledge any collateral or security to get the loan. All that is required is that you should have higher creditworthiness and meet a lender’s eligibility terms.

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Instant Approval

Once you have applied for the personal loan and furnished the required documents, then you can get the loan approval instantly. It means that if you require money to meet your urgent needs, then you will not have to wait and get instant approval.

Money in The Bank Within 24 Hours

After you have secured the loan approval process, it will take up to 24 hours for the lender to credit the desired loan amount into your bank account. This way, you can start using the loan amount to meet your diverse needs without waiting for ages.

Flexible Tenor

Lenders understand that it is not possible for all to repay a loan within a short time as people have other obligations as well. Hence, they provide you with a flexible loan facility. This way, you can opt for a suitable tenor ranging 12 months and 60 months and never stress about the loan EMIs affecting your monthly outlays.

Personal Loan in Mumbai – Eligibility and Documents

Now that you are aware of the features and benefits of the personal loan in Mumbai, here is a quick look at standard personal loan eligibility and documents that you need to comply:

  • You need to be aged under 23-55 years of age
  • You must be a resident citizen of India
  • You should be a salaried individual and working for an MNC, public or a private limited company
  • KYC documents
  • Employee ID Card
  • Last 2 month’s Salary Slips
  • Previous 3 month’s bank account statement of the Salaried account

If you wish to meet urgent needs, cover any long-craved goal, expand business, consolidate debts and more, then you can apply for an instant personal loan.

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Bajaj Finserv offers pre-approved deals on a host of financial products such as personal loans, home loans, business loans, EMI finance and more. It can simplify your loan procedures to make it less time-consuming.

You only need to share your basic details such as your name and mobile number to discover your customized pre-approved loan offers right away.


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