Apply for Personal Loan in Mumbai Online at 10.49% p.a.

Personal Loan in Mumbai

Mumbai is the financial capital of India. The need for finance among the lakhs of Mumbaikars is frequent and in large numbers. If you are also looking for a personal loan in Mumbai, IndusInd Bank is here to help you with easy loan approvals and quick fund disbursals. IndusInd Bank provides complete digital process, thus fulfilling the requirement in a much shorter span of time.

Features & Benefits of Personal Loan in Mumbai

No Physical Documentation

You can apply online through 100% digital paperless application process anytime, anywhere.

No Hidden Charges

Clear mention of all loan conditions with no hidden charges

Instant Approvals

Quick hassle free processing and speedy disbursals

Competitive Interest Rates

Benefit from attractive interest rates leading to lower EMI payments.

No Collateral Required

Simple application process without the need to pledge any security

Flexible Repayment Tenure

Freedom to choose the tenure as per your repayment capacity

Calculate EMI on your Personal Loan

Plan your finances wisely and get a clear understanding of your monthly emi payments even before you apply for the loan using the Personal Loan EMI calculator tool below –

I wish to avail a Personal loan amounting at interest rate for approximately months.

CALCULATE NOW

These Calculations may vary from actual figures. For more details, visit here.

Use our personal loan EMI calculator to calculate your applicable EMIs and determine your annual repayment amount even before applying for a loan.

Avail IndusInd Bank Personal Loan for Various Purposes

Whether you are planning a dream wedding, renovating your home, or facing an unexpected medical expense in Mumbai, IndusInd Bank Personal Loans are here to help you when you need it.

Renovating Your Home: Transform your Mumbai abode into your dream haven with a Personal Loan for Home Renovation. This loan can help cover the costs of remodelling, renovation, decor, and more.
Funding Your Dream Wedding: Create a stress-free wedding celebration with a Personal Loan for Wedding. From venue bookings and catering to decor and entertainment, our support ensures your special day is truly unforgettable.
Taking on New Adventures: When wanderlust calls, pack your bags and explore the world worry-free with a Personal Loan for Travel with IndusInd Bank. Our loans can help cover flights, accommodation, visas, and more, so that you can create memories that last a lifetime.
Dealing with Medical Emergencies: When medical emergencies come unexpectedly, a Personal Loan for Medical Expenses can provide a financial safety net. Whether you need funds for treatment, medication, hospital stays, or post-treatment care, we ensure you get it so that you and your loved ones can focus on what is important — rest and recovery.
Simplifying Your Finances: Take control of your debt and streamline it with a Personal Loan for Debt Consolidation. Step towards financial freedom by consolidating multiple high-interest debts` into a single, manageable loan with a competitive interest rate.

Personal Loan Interest Rates in Mumbai

With IndusInd Bank, you can get a personal loan at attractive rates.

Personal Loan Interest Rates	Starting from 10.49%
Loan Amount	₹30,000 - ₹50 Lacs
Loan Processing Fees	Up to 3.5%
Loan Tenure	12 - 60 months
Stamp Duty	At actuals (as per state)

*All Fees & Charges exclude applicable Government taxes or charges.

*For an Online Instant Personal Loan, the amounts range from ₹30,000 to 5 Lacs and the tenure ranges from 12 to 48 months.

Apply For Personal Loan in Mumbai in Few Clicks Now!

Mumbai is a fast-paced city. So, why should getting a Personal Loan in Mumbai be slow?

With IndusInd Bank, getting a Personal Loan is quick and easy with our 100% online and paperless application process.

No need to tackle Mumbai traffic to step foot in a branch! Here's how simple it is:

Step 1: Click ‘Apply Now’ and provide basic information about yourself and the loan amount you are looking for.
Step 2: Based on your eligibility, you will instantly receive the best loan offer tailored to your needs.
Step 3: Complete V-KYC verification process and electronically sign your loan agreement.
Step 4: Set up your preferred auto-repayment method. We will disburse your approved loan amount to your bank account in minutes!

With IndusInd Bank, it’s that easy to get financial support right when you need it.

Eligibility Criteria and Documentation for Personal Loan in Mumbai

While seeking a personal loan in Mumbai, you need to keep certain eligibility criteria and documentation in mind.

Eligibility Criteria

Whether you are a salaried employee, a business owner, or a self-employed professional, we have designed our Instant Personal Loans for everyone.

Curious if you qualify? Check out our eligibility criteria here.

Documentation

IndusInd Bank makes getting an instant personal loan in Mumbai easier than ever with our 100% online application process.

Here's what you will need:

PAN Card
Proof of Residence: If your current address differs from the one on your Aadhaar card, please have one of the following documents ready:
- Driving License
- Voter ID
- Passport

Personal Loan FAQs

How can I apply for a personal loan in Mumbai?

If you need a personal loan in Mumbai, follow IndusInd Bank’s four-step online process to get money faster and conveniently.
- Input few basic details about you and your loan requirements
- Choose the best offer that suits your needs
- Complete video KYC and digitally sign the contract
- Post approval, enjoy instant loan credit directly in your account
How long does it take to get a personal loan in Mumbai?

Depending upon your mode of borrowing and eligibility, loan approval and disbursal may take from a few hours to a few days. Opt for online instant personal loan, which makes the process faster as it is an end-to-end digitalised process.
What would happen if I didn't repay my personal loan on time?

If you fail to repay the personal loan on time, the bank can file a complaint against you and may also declare your account as Non-Performing Asset (NPA). Your credit score will also be affected, making it harder for you to secure a loan in the future.
What credit score must I have in Mumbai to qualify for a personal loan?

The minimum credit score required for an instant personal loan is 730, which indicates the borrower’s creditworthiness in a positive light. It helps the lenders in quickly approving a loan request, as it shows the borrower’s ability to repay the loan on time.
What is the minimum salary for a personal loan in Mumbai?

Minimum salary requirement for a personal loan:
- Salaried person: Minimum net monthly income should be ₹25,000.
- Self-Employed Professionals and Individuals: Minimum annual net income post tax should be ₹4.8 lakh
Why should I take a personal loan from IndusInd Bank?

IndusInd Bank provides instant personal loans in four simple steps with low processing fee and low interest rate. It also offers flexible tenure, allowing you to repay the loan at your convenience. You just need to fill in your details and the required loan amount. Depending on your eligibility, the bank offers the best loan offers for you to choose from. You just need to complete the video KYC and once approved, you get the amount directly in your account. The process is smooth and stress-free to help manage your needs instantly.