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Personal Loan in Mumbai

From the iconic Chhatrapati Shivaji Terminus to the stunning Bandra-Worli Sea link, India’s financial capital, Mumbai’s cosmopolitan charm is limitless. However, Mumbai is also known for being one of the costliest cities globally. Managing finances in a bustling, fast-paced city can get challenging. 

 

Whether you're trying to make it big in the city of dreams or looking for a convenient way to finance hefty expenses, getting a personal loan is a smart decision. Tata Capital's multi-purpose personal loan in Mumbai comes with attractive interest rates, minimal documentation, flexible repayment options, and long tenures of up to 6 years. 

 

Get easy access to credit in Mumbai with a quick disbursal process and without the need for collateral. Whether you're financing a wedding, medical treatment, or home renovation, Tata Capital's personal loans are tailored to meet your needs.

 

You can avail of a loan starting from Rs. 75,000 up to Rs. 35 lakhs. Get a personal loan in Mumbai with Tata Capital and take care of your expenses effortlessly.

Know more about our offering

Key Features

Loan Amount

₹75,000 - ₹35,00,000

Loan Tenure

Up to 6 years

Interest rate starting at

10.99%

Advantages

All-Inclusive Personal loans

Find the ideal financing solutions for your needs in Mumbai. Get tailored Personal Loan solutions for travel, wedding, education, home remodelling, and medical expenses with Tata Capital.

Limited Documentation

Get a loan quickly with minimum documentation and fastest turnaround durations. Apply today and get loans at favourable personal loan rates in Mumbai.

Long Loan Tenures and Flexible Repayments

Get loan tenures of up to 6 years starting from one year, for a comfortable personal loan repayment, only at Tata Capital. Use our ‘Step Up Flexi EMI Plan’ to earn flexible EMI options and pay lower EMI instalments initially, and increase the amount as your salary increases.

High Loan Amounts

Avail personal loans in Mumbai with Tata Capital up to Rs. 35 lakhs, starting from Rs. 75,000. Plus, our personal loan interest rates in Mumbai start at just 10.99%.

All-Inclusive Personal loans

Find the ideal financing solutions for your needs in Mumbai. Get tailored Personal Loan solutions for travel, wedding, education, home remodelling, and medical expenses with Tata Capital.

Limited Documentation

Get a loan quickly with minimum documentation and fastest turnaround durations. Apply today and get loans at favourable personal loan rates in Mumbai.

Long Loan Tenures and Flexible Repayments

Get loan tenures of up to 6 years starting from one year, for a comfortable personal loan repayment, only at Tata Capital. Use our ‘Step Up Flexi EMI Plan’ to earn flexible EMI options and pay lower EMI instalments initially, and increase the amount as your salary increases.

High Loan Amounts

Avail personal loans in Mumbai with Tata Capital up to Rs. 35 lakhs, starting from Rs. 75,000. Plus, our personal loan interest rates in Mumbai start at just 10.99%.

What are the Interest Rates on Personal Loans in Mumbai?  

Our interest rates in Mumbai starts with just 10.99%. Apply for a loan online, through a phone call, or visit our branch office. Get in touch and take care of your financial needs today.

What is the Eligibility Criteria for a Personal Loan in Mumbai?

To avail a Tata Capital Personal Loan in Mumbai, you should meet the primary eligibility criteria:

  • Aged between 22 - 58

  • Salaried or self-employed

  • Salaried professionals need a minimum of one year of working experience and a monthly salary of at least Rs 15,000

  • Self-employed individuals need a minimum of one year of working experience in the current field

  • A credit score of 750+

Check your personal loan eligibility and verify all the criteria mentioned above in detail before applying for a personal loan in Mumbai.

What are the Documents Required for Getting a Personal Loan in Mumbai?

The following documents are required for a loan:                                             

  • Address Proof: Ration card, electricity bill, utility bill, passport, voter ID card

  • Identification Proof: Voter ID, valid passport, birth certificate, PAN card, Aadhaar Card, driving license

  • Employment Certificate: A certification stating one year of continuous employment for the salaried professional

  • Income/Salary Proof: Last six months’ bank account statement for salaried professionals and previous three-month salary slips for self-employed professionals.

Visit personal loan documents to get complete details on the documents required for your Personal Loan application.

How to Calculate EMI for Personal Loan Online ?

A personal loan EMI calculator can figure your EMI and loan interest with your principal amount, interest rate, and loan tenure. Use a personal loan calculator to understand your monthly financial condition in the event of taking out a loan.

 Calculate your monthly EMI in seconds with Tata Capital’s Personal Loan EMI Calculator. 

HOW TO APPLY FOR A PERSONAL LOAN IN MUMBAI

Other Ways to Apply for a Personal Loan in Mumbai

  • Registered Branch –

                Address 1 -Tata Capital Financial Services Limited, Office No. 502, 5th Floor, Neelyog Square, Opp. Ghatkopar Station, Ghatkopar East, Mumbai 400077

                Address 2 -Tata Capital Financial Services Limited, Office No. 902 to 906, Quantum Tower, Chincholi, Off SV Road, Malad West, Mumbai 400064

FAQ

Getting a Personal Loan is simple and quick. To get your loan approved swiftly, you will be asked to provide the following details: Your personal details including your PAN number, CIBIL score & KYC documents Copies of your pay slips, address proof and bank statements Find out more about Personal Loan Eligibility and Documents for more details.

We provide Personal Loans from a minimum of ₹ 75,000 to a maximum of ₹ 35,00,000/- depending on your eligibility.

Your Equated Monthly Instalment depends on the principal loan amount, the interest rate charged and the period for which the loan is taken. You can choose your EMI amount that is comfortable for you by using the Personal Loan EMI calculator.

Enter the following information to calculate your EMI:

  • Loan Amount (The loan amount you wish to get)
  • Personal Loan Interest Rate
  • Loan Tenure (Period ranges from 12 -84 months)
  • Click the Calculate button. The system shows your EMI monthly break-up of both the interest and principal payment.
  • If the Personal Loan EMI is higher or lower than you want to pay, edit the principal amount and follow the same steps from 2 to 4

Personal loans can be taken for a variety of different purposes, such as follows –

  • Travel – Strike off a dream location you have been craving to visit with an easy personal loan
  • Education – Give your child the quality education they deserve with a personal loan
  • Wedding – No other event in a person’s life is more special than a wedding. Throw a wedding of a lifetime by taking the aid of a personal loan
  • Medical – Need funds for a medical emergency? Opt for a personal loan to meet your urgent needs
  • Debt Consolidation – Need to meet other costlier loan repayments? A personal loan can help you out!

No, you do not need any collateral or security for availing a personal loan with Tata Capital.

Online personal loan applications can be approved within seconds to a few minutes of submission! Offline applications, on the other hand, may take a few business days from the date of submission for approval.

Much like any other form of credit, a personal loan also affects our credit score in the long-term and is a great opportunity to build good credit worthiness. Making consistent timely EMI payments and ultimately repaying off your personal loan within its fixed tenure will improve your future credit score

Yes, you can avail tax benefits on your personal loan depending upon the purpose for which the loan was taken. The Income Tax allows tax deductions for loans taken for education, purchase or renovation of property, and business expansion. For instance, as per Section 24 of the Income Tax Act, if you have taken a personal loan for home construction or renovation, the interest paid is eligible to be claimed as exemption from your taxable income. For self-owned houses, interest up to Rs. 2 lakhs is eligible for exemption whereas for rented houses, the entire interest can be claimed as tax exemption. In case of business expansion, the interest paid will be added to the cost of acquisition which will reduce capital gains, and thereby tax liability. Moreover, Section 80 E of the Income Tax Act speaks about the tax benefits up to Rs. 1,50,000 for those who have taken an education loan for higher studies.

One of the biggest personal loan benefits is that it can help you arrange funds for any purpose. If you need money for a medical emergency or a last-minute trip, a loan can help you. Or, if your savings are locked in investments but you need cash, take a personal loan. Apply online with zero paperwork and enjoy quick disbursal. 

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