Mumbai, the capital of Maharashtra, is the financial hub of India. The headquarters of the Reserve Bank of India, the Bombay Stock Exchange and many of the top banks and financial institutions are situated in Mumbai.

Although there are many lenders operating in the city, getting a personal loan in Mumbai can get difficult at times. It can be a challenge for borrowers to meet the loan eligibility criteria of banks and other traditional lenders in the city. However, getting a personal loan from Money View is simple. We have our own alternate credit model that makes it easier to get a personal loan in Mumbai.

We can help you get access to funds instantly. You will benefit from our hassle-free application process, low-interest rates, and a range of other features that we offer.

Personal Loan Features and Benefits in Mumbai

  • Fast Eligibility Check:

    Submit a few details and check the maximum loan amount you are eligible for within 2 minutes.

  • Quick Disbursal of Loan:

    Upon approval, the loan amount will be credited directly to your bank account within 2 hours.

  • Loan Amount Based on Your Needs:

    The loan amount can be between Rs.10,000 and Rs.5,00,000.

  • Paperless Application Process:

    The application process is completely paperless and you can easily apply for a personal loan from us online.

  • Easy Documentation:

    You will need to submit only a few documents such as ID proof, address proof etc. for loan approval.

  • Flexible Tenures and Repayment Options

    You will benefit from the flexible loan tenures and easy repayment options that we offer.

Personal Loan Interest Rates and Other Charges in Mumbai

Type of Charges Amount
Interest Rate Starting from 1.33% per month
Loan Processing Fees 2% - 8% of the approved loanamount
Interest on Overdue EMIs 2% (per month) on the overdue amount
Penalty for EMI Cheque Bounce Rs.500 per bounce

To apply for a personal loan from Money View, you need to meet the eligibility criteria given below:

For Salaried Individuals:

    • Monthly Income:
      • Minimum in-hand income of Rs.20,000 if you’re new to credit (bureau score 1 - 299), or if your location is Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.), or
      • Minimum in-hand income of Rs.15,000 if your credit score is more than 675 and you’re located in a metro city (other than Mumbai/NCR), or
      • Minimum Rs.13,500 for all others
      • Your income should be credited to a bank account
      • Credit Score - 650 or more (CIBIL score) or 750 or more (Experian score)
      • Age - between 21 years and 57 years

For Self-Employed Individuals:

  • Monthly in-hand income of Rs.25,000
  • Your income should have been credited to a bank account
  • Age - between 21 years and 57 years
  • Credit Score - 650 or more (CIBIL score) or 750 or more (Experian score)
    • ID Proof:
      • PAN Card
      • Aadhaar Card
      • Driver's License
      • Passport
      • Voter ID Card
    • Address Proof:
      • Bank Passbook
      • Aadhaar Card
      • Ration Card
      • Utility Bill
      • Driver's License
      • Passport
      • Voter ID Card
    • Income Proof:
      • For Salaried: Last 3 months’ bank statements (PDF format)
      • For Self-Employed Last 3 months’ bank statements in PDF format or last 2 years’ IT returns

Personal Loan for CIBIL Defaulters in Mumbai

You can get a personal loan from Money View even if your credit score is low. We created an alternate credit model that uses a different benchmark from traditional lenders to determine eligibility of the borrowers. Hence, even people with a CIBIL score as low as 650 or Experian Score as low as 750 can get a personal loan due to this model.

How to Apply for a Personal Loan in Mumbai From Money View Online?

You can apply for a personal loan from Money View in four simple steps given below:

  • Step 1: Submit a few details and check your eligibility within 2 minutes.
  • Step 2: Select the loan plan of your choice
  • Step 3: Upload the required documents
  • Step 4: Get money directly in your account upon approval

Purposes of Applying for a Personal Loan in Mumbai

An impromptu holiday, home renovation, business expenses, medical costs are some of the reasons for which you can apply for a personal loan from us in Mumbai.

Contact Us

If you are an existing customer of Money View or if you are looking for information about Personal Loans in Mumbai, you can call us at 080 4569 2002 or mail your queries to loans@moneyview.in.