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Personal Loan in Mumbai

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Loan up to Rs 5 Lakh
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Minimum Salary Required Rs 15K
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Instant Approval in 10 Minutes
Personal Loan EMI Calculator

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Interest Payable

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Get a Personal Loan in Mumbai Up to 5 Lakh

Mumbai, the financial capital of India, is a bustling metropolis known for its vibrant culture, thriving economy, and diverse population. As a significant hub for business, entertainment, and education, the city's fast-paced lifestyle creates a growing demand for better housing, healthcare, and financial support. To meet these needs, Personal Loans have become a popular choice. Hero FinCorp is a leading Personal Loan provider in Mumbai, offering loans of up to Rs 5 Lakh at attractive rates and flexible tenures with a monthly income of Rs 15,000. You can apply online to get approval in 10 minutes.

We Offer a Wide Range of Personal Loans

Our personal loans offer diverse solutions, ensuring you find the perfect fit for your financial needs, with ease and speed.

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Personal Loan for Self-Employed

Entrepreneurs can get a personal loan for self-employed in mumbai for any personal or professional need.

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Personal Loan for Women

We offer personal loans to female applicants with flexible repayment tenures and attractive loan rates.

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Personal Loan for Government Employees

Those employed in the government sector can get a personal loan for government employees without collateral.

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Personal Loan for Education

Finance your study abroad programme with a personal loan for education from Hero FinCorp.

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Personal Loans for Doctors

We offer customised personal loans for doctors to help them cover personal and professional needs.

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Personal Loan for Travel

Cover all trip-related expenses with a personal loan for travel of up to Rs 5 Lakh from Hero FinCorp.

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Personal Loan for Wedding

Plan a destination wedding with a personal loan for a wedding from Hero FinCorp.

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Personal Loan for Home Renovation

Make the best house in the neighbourhood with a personal loan for home renovation.

Features and Benefits of Personal Loan in Mumbai

When applying for a Personal Loan in Mumbai, check its advantages and features. Here are some features of Hero FinCorp Personal Loans.

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Unsecured Loan

You can acquire the necessary funds without putting up any valuables as collateral.

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Competitive Interest Rates

Hero FinCorp provides a Personal Loan in Mumbai at a competitive interest rate.

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Flexible Tenure

Hero FinCorp offers personal loans for a tenure ranging from 12 months to 36 months.

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Hassle-free Process

Complete the online application form, upload your e-KYC, and receive instant approval.

Eligibility Criteria for Instant Personal Loan in Mumbai

To apply for a personal loan in mumbai, you must meet the eligibility criteria, including your age, monthly income, work experience, and citizenship. At Hero FinCorp, the personal loan eligibility criteria are simple and easy to fulfil.

CriteriaRequirement
AgeYou must be between 21 and 58 years old.
CitizenshipYou must be an Indian citizen.
Work Experience6 months for salaried individuals and 2 years for self-employed individuals.
Monthly IncomeTo ensure loan approval, you must maintain a minimum monthly income of Rs 15,000.

List of Documents Required to Apply for a Personal Loan in Mumbai

Are you looking for an urgent cash loan in Mumbai? The documentation requirements may vary based on whether you are salaried or self-employed. Prepare the personal loan documents according to your profession and submit them along with your application.

Documents Required for Salaried Employee

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Proof Of Photo Identity

Driver’s Licence, Passport, PAN Card, Aadhaar Card

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Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

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Proof of Income

Six Month Salary Slip & Bank Account Statement, Form 16

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Job Continuity Proof

Appointment Letter From the Current Employer

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Proof of Residence

Driver’s Licence, Passport, Aadhaar Card, Utility Bill

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Proof of Business Existence

Not Applicable

Documents Required for Self-Employed

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Proof Of Photo Identity

Driver’s Licence, Passport, PAN Card, Aadhaar Card

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Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

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Proof of Income

Last Six Months Bank Statement, ITR for the Last Two Consecutive Years

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Job Continuity Proof

Not Applicable

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Proof of Residence

Maintenance Bill, Utility Bill, Property Documents, Rent Agreement

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Proof of Business Existence

Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate

Interest Rate and Charges for Personal Loan in Mumbai

Unlike private loan providers in mumbai, our personal loan interest rates and other charges are transparent and nominal. Here is detailed information about the costs involved:

Fees & ChargesAmount Chargeable
Interest RateStarting from 1.58% per month
Loan Processing ChargesMinimum 2.5%+ GST
Prepayment ChargesN.A.
Foreclosure Charges5% + GST
EMI Bounce ChargesRs 350/-
Interest on Overdue EMIs1-2% of the loan/EMI Overdue Amount Per Month
Cheque BounceFixed Nominal Penalty
Loan Cancellation1. Online loan app does not charge any cancellation charges
2. Interest amount paid is non-refundable
3. Processing charges are also non-refundable

How To Apply For a Personal Loan in Mumbai?

Need an instant personal loan in mumbai? Here’s how you can get it with Hero FinCorp.

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    Visit the Hero FinCorp website or install the personal loan app

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    Go to the Personal Loan page and click ‘apply now

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    Enter your mobile number and verify with the OTP received

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    Choose the loan amount you need

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    Verify your KYC details to check income eligibility

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    Click ‘Submit’ to complete your application

Frequently Asked Questions (FAQs)

We consider the following factors while deciding on the maximum loan amount: Applicant's age and income, Credit history, Employer reputation, Debt-to-income ratio.
You should be at least 21 years old when applying for a Personal Loan in Mumbai with Hero FinCorp.
Applying for our personal loan is very simple. You can apply for it either online through our official website or by visiting our Mumbai branch or outlet in person.
When you apply with us, you enjoy the following perks and features: Instant approval Minimal documentation, Unsecured and multi-purpose loans Flexible repayment terms.
At Hero FinCorp, you can get instant approval if you fulfil all Personal Loan formalities and provide the required documents. You will get a loan offer you must accept for disbursal within 48 hours.
Yes, Personal Loans from Hero FinCorp can be used for various purposes like vacation, education, home renovation, or medical emergency.
At Hero FinCorp, you can get the best offers on Personal Loans online. We provide ample loan amounts, attractive rates and repayment tenures.
At Hero FinCorp, the Personal Loan interest rate starts from 1.58% a month or 19% annually.
Yes, you can probably get a Personal Loan in Mumbai even with a bad or low credit score but the lender may not give you a larger loan amount or best rates.
To be eligible for a Personal Loan from Hero FinCorp, you must be between 21 and 58 years of age, have a monthly income of Rs 15,000 and the required work experience based on your profession.
You can get a Personal Loan in Mumbai of up to Rs 5,00,000 from Hero FinCorp without collateral.
Yes, you can use a Personal Loan in Mumbai for wedding expenses, since it is an unsecured loan which can be used flexibly.

Disclaimer

*Approval & Agreement: Loan approval is at Hero FinCorp's discretion. By applying, you agree to our Terms & Conditions, Privacy Policy, and Loan Agreement.
*Data Use: You consent to electronic processes and data use for loan assessment, as per our Privacy Policy.
*Security: Keep your account and device secure. Report our customer care for unauthorized activity immediately.
*Grievances: For concerns, refer to our Grievance Redressal Policy.
*EMI Payment: Refer to our T&Cs here*
*RBI Mandate: RBI requires transparent disclosures. Learn more from RBI.