Best Personal Loan for Mumbai Residents

  • Personal loans are generally the fastest and most easily available of retail loan products. Unlike home loans, car loans, or loans against property, availing a personal loan does not require the borrower to produce any collateral or security. Besides, the loan processing is faster since there is minimal paperwork involved. In addition, one does not need to specify the end use of the money when applying for a personal loan. It can be used for wedding, travel, medical emergencies, home renovation, or a number of other personal purposes. Since getting a personal loan is cheaper than borrowing on your credit card, it is usually the most preferred way of meeting a financial crunch. The interest rates on personal loans vary widely from bank to bank, and are often based primarily on the customer profile and credit history.

    Mumbai is the financial capital of the India. It is one of the rapidly growing urban markets of the country. Construction, education, entertainment, food processing, hospitality, registrations, transport, etc. are the major sectors contributing to the economy of the city. The city also hosts trading and exporting markets for agriculture and industrial goods. Also, it is a hub of many Big organisations.

    The demerger from Bajaj Auto Limited gave rise to Bajaj Finserv in April 2007, which was aimed at furthering the Group’s interest in financial services. This demerger facilitated Bajaj Finserv to run the core businesses of Lending, Insurance, and Wealth Advisory in an independent manner. Bajaj Finserv Limited is the holding company for the businesses dealing with financial services of the Bajaj Group. You can enjoy a number of benefits by availing a personal loan in Mumbai from Bajaj Finserv as a resident of Mumbai. It sanctions personal loans up to the amount of Rs.25 lakhs, so you need not compromise on your dreams. Applying is an extremely easy process, wherein within a few minutes, you can get the approval once you log on to the website and fill the online application form.

    Existing customers will also be delighted by the exclusive preapproved offers. The best part is that one can access his/her loan related information on the digital customer portal by just entering the loan account number. Be it your loan repayment track, interest certificate or payment schedule, you can go through it all at any time according to your convenience. In order to avail of a personal loan from Baja Finserv, an Indian resident from Mumbai needs to belong to the age group between 25 and 58 years. He/she should be a salaried professional with the minimum net salary of Rs. 30,000 per month. Also, the individual concerned should be an employee of either an MNC, public or private company. The necessary documents include salary slips of the last 2 months, salary account bank statements of the last 3 months, employee ID card, identity proof and address proof.