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CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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All written queries will be responded within 1 working day.
We'd love to help you through every step along the way.
Mumbai banks and NBFCs cater to providing customers with personal loans with interest rates starting from 12% p.a. Salaried and self-employed individuals are eligible if they are between the ages of 21 and 65. Apply on CrediMantri and enjoy quick processing.
Processing Fee
2.25%
Max Tenure
24 to 48 Months.
Best Rate
11% P.A
Features
Pricing
Documents Required
Processing Fee
4%
Max Tenure
6 - 36 Months.
Best Rate
14.04% P.A
Features
Pricing
Documents Required
Processing Fee
2000₹
Max Tenure
18 Months.
Best Rate
28% p.a
Features
Pricing
Documents Required
Processing Fee
3-4%
Max Tenure
2 yrs
Best Rate
18%
Features
Pricing
Documents Required
Processing Fee
1.0%
Max Tenure
12-72 Months.
Best Rate
12% P.A.
Features
Pricing
Documents Required
Processing Fee
2.5%
Max Tenure
12 Months.
Best Rate
35.1% p.a
Features
Pricing
Documents Required
Processing Fee
2.5%
Max Tenure
12 - 60 Months.
Best Rate
12.96% P.A
Features
Pricing
Documents Required
Processing Fee
2% - 5%
Max Tenure
3 - 60 Months
Best Rate
16% P.A.
Features
Pricing
Documents Required
Processing Fee
3%
Max Tenure
12-72Months
Best Rate
11.04% P.A.
Features
Pricing
Documents Required
Processing Fee
Nil*
Max Tenure
36 Months.
Best Rate
Nil*
Features
Pricing
Documents Required
Processing Fee
2.50%
Max Tenure
12 - 72 Months.
Best Rate
11.04% P.A.
Features
Pricing
Documents Required
Processing Fee
2%
Max Tenure
2 - 60 months
Best Rate
15.96% P.A.
Features
Pricing
Documents Required
Processing Fee
1%
Max Tenure
12 - 60 Months.
Best Rate
12.96% P.A.
Features
Pricing
Documents Required
Processing Fee
2.0%
Max Tenure
5 yrs
Best Rate
15.5%
Processing Fee
2%
Max Tenure
nil*
Best Rate
23.0%
Processing Fee
2%
Max Tenure
1-5 yrs
Best Rate
10.75%
Processing Fee
2%
Max Tenure
5 yrs
Best Rate
13.99%
Processing Fee
2.5%
Max Tenure
1 year
Best Rate
35.1% p.a
Processing Fee
2.5%
Max Tenure
1 year
Best Rate
35.1% p.a
Processing Fee
2.50%
Max Tenure
12 - 72 Months.
Best Rate
10.99%
Processing Fee
2%
Max Tenure
1.6 yrs
Best Rate
18%
Processing Fee
2.25%
Max Tenure
5 yrs
Best Rate
14.75%
Processing Fee
999₹*
Max Tenure
5 yrs*
Best Rate
11.49%*
Processing Fee
2.5%
Max Tenure
1 year
Best Rate
35.1% p.a
Processing Fee
2%
Max Tenure
6 to 36 Months.
Best Rate
7.99% p.m
Processing Fee
1.50%
Max Tenure
up to 6 years
Best Rate
15.65% p.a
Processing Fee
Nil
Max Tenure
6 years
Best Rate
9.9%-45% p.a.
Processing Fee
2%
Max Tenure
NA
Best Rate
Processing Fee
0.5%*
Max Tenure
5 yrs
Best Rate
12.99%*
Processing Fee
2%
Max Tenure
4 yrs
Best Rate
17.25% *
Processing Fee
2.49%
Max Tenure
NA
Best Rate
16%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
10.95%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
10.99%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
11.50%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
11.60%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
13.75%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
14.40%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
10.99%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
12.60%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
9.50%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
9.70%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
10.25%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
11%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
10.40%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
10.99%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
11.50%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
11.50%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
11.45%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
13.00%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
14.20%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
13.50%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
9.65%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
11.75%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
11.75%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
14.05%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
10%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
13.99%
Processing Fee
3.0%
Max Tenure
NA
Best Rate
1%
Processing Fee
2.5%
Max Tenure
nil*
Best Rate
11.99%
Do you live in Mumbai? Are you looking for a personal loan in Mumbai and wondering what your options are? Read on!
What is a personal loan?
A personal loan can come in handy in times of need—it is one of the easiest loans to avail because there is relatively little documentation required, unlike a home or auto loan. Also you do not need to offer any collateral or guarantor to avail the loan.
Purpose: The end use of the loan could be anything—from servicing your existing loan obligations, to cash for funding your dream vacation, purchase of consumer durables, cash for business expansion or for any other emergency purposes—say a medical treatment or to get over a sudden job loss. Whatever the need be, make sure that you are aware of the monthly EMI obligations so that you have your finances planned seamlessly.
Criteria: The pre-requisite to getting a personal loan without any hassles is having a healthy credit history and a solid credit score. Your relationship with the lender is also considered while sanctioning the loan. You may be eligible for pre-approved offers with your current bank/lender.
Amount: Based on your actual requirement, repayment capacity, and existing loan obligations, lenders can approve loan amount ranging from a few thousands to lakhs of rupees.
Key features of a Personal Loan:
Disadvantages of a personal loan:
Personal loans are one of the costliest loans in the market with high interest rates, since they are unsecured by any collateral or security. The interest on a personal loan could go up to as high as 32% p.a. or even more, depending on your individual credit profile and other factors.
All major banks and NBFCs offer personal loans in Mumbai. Popular banks and NBFC’s that offer personal loans in Mumbai include: yes Bank, ICICI Bank, Kotak Mahindra Bank, Punjab & Sind Bank, Bank of India, ICICI Bank, HDFC Bank, IDBI Bank, SBI, Central Bank of India, Canara Bank, Axis Bank, Fullerton, Shriram Finance, Citibank, Mahindra Finance, Bajaj Finance, etc.
Personal loans in Mumbai for salaried, self-employed, business people and NRIs are available.
It is not entirely impossible to avail a personal loan with bad credit—it depends on the severity of your credit situation, and the relationship you share with your lender.
It is advisable to first pull out your credit report and understand your credit situation before applying for any kind of loan. Depending on your credit situation, it can take anywhere from 4 months to 12 months to get your credit score to a healthy number.
You can check your eligibility for a personal loan in Mumbai online, on the lender’s website.
For salaried / self-employed professionals:
Following are an overview of the documents generally asked while applying for a personal loan in Mumbai:
For the self-employed and those into business, the following might be requested for in addition to the above-mentioned documents.
Lenders usually offer a low interest rate to those who have a good credit history. It is generally advisable to have a credit score of 750 or above to qualify for a personal loan in Mumbai with low interest rates. The higher your score, the better are your chances of being approved. A customer with a good credit score has a good chance of availing more attractive terms and conditions, like a reduced interest rate and other favorable terms and conditions.
1. How do I check my eligibility for a personal loan?
Many banks and NBFCs have an eligibility calculator on their website, using which you can determine if you fulfill their criteria.
2. What is the interest rate offered on a personal loan?
The interest rate varies with each customer depending on his/her income, credit score and repayment history amongst several other factors. Check with various lenders and compare the base interest rate that is being offered. Personal loans are some of the most expensive loans and it is important to check the rate so you can plan your repayment accordingly.
3. What is the minimum and maximum loan amount for salaried people?
The loan amount depends on various factors like your net annual income, your repayment behavior, your credit score, credit history and your requirement.
4. My personal loan application is rejected even though my credit score is good. Why?
While applying for a personal loan, make sure you apply for a sum that is possible for you to repay within a reasonable tenure. If you apply for too large an amount compared to your net monthly income, you might be rejected. Other factors might include your current income, employment stability, other loan obligations etc.
5. Do I have to pledge any collateral in order to secure a personal loan?
No collateral or security is required for obtaining a personal loan in Mumbai.
6. How do I repay the loan?
You can repay the loan amount in convenient EMI (Equated Monthly Instalments) which is the monthly amount you need to pay your lender towards servicing your personal loan—interest included.
There are several ways to apply for a personal loan:
Need help? Alternatively, if you think you need help with your personal loan application and advice on loan eligibility, then CreditMantri can guide you through the entire process and match you with the loan offer that best suits your unique credit profile.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application