Why should I go with Bajaj Finance for a personal loan in Mumbai?

Bajaj Finserv offers personalised deals for existing customers, as well as these features and benefits on personal loans: A long tenor of up to 96 months A high loan value of up to Rs. 55 lakh Hassle-free documentation Quick approval Easy access to an online account Up to 45% lower EMIs, and more

Apply for Personal Loan in Mumbai @ 10% Rate

Instant Personal Loan in Mumbai

Mumbai, India’s financial and entertainment capital, is home to thriving industries like IT, textiles, diamond polishing, and healthcare. As a major economic hub, the city offers vast opportunities, but financial needs can arise unexpectedly. Bajaj Finserv provides a personal loan in Mumbai with high sanctions of up to Rs. 55 lakh, ensuring quick approvals and competitive interest rates. With 100% transparency and flexible repayment options, you can manage your expenses effortlessly. Whether it’s for a wedding, home renovation, or medical emergency, our hassle-free application process ensures timely disbursal. If you're looking for private finance in Mumbai, apply online or visit a branch for a seamless loan experience.

Flexibility in repayment

Pay interest only on the funds used with our Flexi loan facility, and reduce your EMIs by up to 45%.*
Account access online

Our customer portal enables 24x7 access to your loan account and its relevant details.
Repayment over flexible tenors

Choose an appropriate tenor of up to 96 months.
Minimum documents

Besides meeting simple eligibility criteria for a personal loan, provide just a few basic documents for verification.
Nominal Rates

With us, you get an attractive interest rate, transparent terms and conditions, and pay no hidden fees.
Money directly in account

We take only 24 hours* to credit the amount to your account.
Receive approval instantly

Bajaj Finserv offers instant loan approval on online application form submission to help you meet urgent expenses easily.

*Conditions apply

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To apply for a personal loan in Mumbai with Bajaj Finserv, you’ll need to provide the following documents required for a personal loan. Whether you seek quick funds for emergencies or private finance in Mumbai for business or personal needs, having the right documents ensures a smooth and hassle-free approval process.

KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
PAN card
Employee ID card
Salary slips of the last 3 months
Bank account statements of the previous 3 months
Piped gas bill
Pension order
Letter of Allotment of Accommodation Issued by Employer
Property / Municipal tax receipt
Utility bill
Real-time image / photograph
Ration card

Check the online interest calculator to find accurate repayment details based on the latest personal loan interest rate. It helps you plan better and choose the best loan option.

Type of fee	Applicable charges
Rate of interest	10% to 31% p.a.
Processing fees	Up to 3.93% of the loan amount (inclusive of applicable taxes).
Flexi Facility Charge	Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below) Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000 Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999 Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999 Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999 Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999 Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999 Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999 Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999 Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above All the above Flexi facility charges are inclusive of applicable taxes Loan amount includes approved loan amount, insurance premium, and VAS charges.
Bounce charges	Rs. 700 - Rs. 1,200 per bounce. “Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason
Pre-payment charges	Full Prepayment Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment. Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full prepayment. Part-prepayment Term Loan: Up to 4.72% (inclusive of applicable taxes) of the principal amount of the loan prepaid on the date of such part-prepayment. Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid. *Foreclosure will be processed post clearance of first EMI
Penal charge	Delay in payment of instalment(s) shall attract Penal Charge of Rs. 8 - Rs. 12 per day 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 Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure.
Broken period interest / Pre-monthly Instalment interest	Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows: EMI Date : 2nd Scenario 1: If Loan is disbursed on 1st or post 10th of the month: For Term Loan: BPI amount will be capitalised, i.e added to Principal amount on Due date / Deducted from disbursement For Flexi Loans: BPI amount will be capitalised, i.e added to Principal amount on Due date / Added to first instalment Scenario 2: If Loan is disbursed between 3rd and 10th of the month: First instalment will consist of interest for actual number of days
Principal Holiday Facility Fees	Up to Rs.1999/- for loan amount less than Rs.2,00,000 Up to Rs.3999/- for loan amount from Rs. 200000 to Rs.399999 Up to Rs.5999/- for loan amount from Rs. 400000 to Rs.599999 Up to Rs.7,999/- for loan amount from Rs. 600000 to Rs.999999 Up to Rs.8,999/- for loan amount from Rs.10,00,000 to Rs. 1499999 Up to Rs. 9999/- for loan amount from Rs. 15,00,000 to Rs.19,99999 Up to Rs.10,999/- for loan amount from RS. 20,00,000 to RS.2499999 Up to Rs.11,999/- for loan amount from RS.25,00,000 to RS. 29,99999 Up to Rs. 12,999/- for loan amount of Rs.30,00,000 and above Above charges are inclusive of applicable taxes & will be deducted upfront from loan amount *(Loan amount includes approved loan amount, Insurance Premium & VAS Charges)

Note: Additional cess if any, will be applicable to all charges according to state law.

*Terms and conditions apply.

Bajaj Finserv, a leading loan provider in Mumbai, offers personal loans for various financial needs with quick approvals and flexible repayment options.

Personal loan for travel: Fulfil your travel dreams with a personal loan for travel to explore dream destinations.
Personal loan for marriage: Plan a grand celebration by availing a personal loan for wedding and make every moment special.
Personal loan for education: Invest in education effortlessly with a personal loan for higher education to fund tuition or study abroad.
Personal loan for medical emergency: Tackle unexpected medical bills quickly with a personal loan for medical emergency.
Personal loan for home expenses: Upgrade or renovate your home using a personal loan for home expenses to cover related costs.

Applying for a personal loan is now easier than ever. Whether you need funds for travel, medical emergencies, education, or home renovation, a streamlined process ensures quick approval and disbursal. Ensure you meet the eligibility and documents for a personal loan to enjoy a seamless borrowing experience

Visit the personal loan page and click on ‘APPLY’
Enter your mobile number and OTP.
Fill in the application form with your basic details and click on’ PROCEED’
Enter the loan amount and tenure you need. Choose from our three unique variants- Term, Flexi Term, and Flexi Hybrid.
Complete your KYC and submit your application.

Our Personal Loan branches in Mumbai

Personal Loan In Andheri East	Personal Loan In Churchgate
Personal Loan In Dadar	Personal Loan In Fort
Personal Loan In Ghatkopar East	Personal Loan In Goregaon

Frequently asked questions

Bajaj Finserv offers personalised deals for existing customers, as well as these features and benefits on personal loans:

A long tenor of up to 96 months
A high loan value of up to Rs. 55 lakh
Hassle-free documentation
Quick approval
Easy access to an online account
Up to 45% lower EMIs, and more

A low CIBIL score incurs a higher rate of interest on a personal loan in Mumbai. Also, you may have to follow stricter eligibility requirements. Extremely low scores shall lead to your application being rejected. In this case, you can mention additional income sources or increase your credit score before applying for a new loan.

The minimum salary required to get our personal loan is Rs. 25,001.

Our personal loan is unsecured, and you do not need to have a guarantor to apply for it.

Yes, you can make part-prepayments towards your personal loan. Please note that there may be charges associated with the part-payment. Please read the personal loan interest rate carefully.

Salaried or self-employed individuals with a stable income, good credit score, and meeting the lender's eligibility criteria can apply for a personal loan.

Personal loans in Mumbai are typically processed within 24 hours, subject to document verification and eligibility.

Basic documents are mandatory for loan approval, including ID proof, address proof, and income proof, as required by the lender.