Personal loan in Mumbai
Mumbai, formerly known as Bombay, has been the financial capital of India for quite a many decades now. The capital of one of the biggest states of India – Maharashtra – Mumbai is easily one of the most populated cities in all of India. It has also been titled as an Alpha World City in 2005.
Heritage wise, this city houses three World Heritage sites: Elephanta Caves, Chhatrapati Shivaji Maharaj Terminus, and its varied Victorian and Goth infused buildings in Fort, Churchgate.
Culturally, Mumbai is as diverse as diversity gets. One can get a taste of every ethnicity this country houses. And irrespective of the cultural hodgepodge seen here, there is an underlining of the authentic Maratha feeling pulsing through the veins of this city. This influences the cuisine found here, especially the street food, which is one of the top highlights of this city. Marathi is the most common language in this city. That along with other languages like English, Hindi, Gujarati and even Farsi and Konkani.
Getting a personal loan in Mumbai, the financial capital of India, could get difficult at times. Banks here are extra stringent regarding who the borrower is, and how much money do they need, and for what purpose, etc. Explaining your situation to the banks here and getting an instant personal loan in Mumbai may be a far-off possibility. This would not fare all that well for you, in case you happen to face an emergency.
However, getting a personalized loan through Money View is easier than the traditional way. Personal loans in Mumbai range from Rs. 50,000 to Rs. 40,00,000. They do not require you to mortgage your assets or anything of that sort.
The reasons to avail a personal loan in Mumbai may be varied. Some may need it for medical emergencies, while others would need it for reasons like travel, home renovation, or simply to make a good purchase. Some would even need a loan to get a top-up loan. Many use the amount for a balance transfer or for debt consolidation.
For a personal loan in Mumbai without Cibil check requires you to have a good credit history and an adequate income record to assure the authorities that you are in a position to repay the loan in the stipulated timeframe. That is not all. Factors like employment, the company you work for, and your history with your prior repayment of loans are considered before your instant personal loan is sanctioned. Money View offers you an easy personal loan in Mumbai with less than half the hassle. Most banks gave a pre-closure charge that rests between the 4-5% range.
What makes Mumbai the financial capital of India is the presence of financially important structures. Buildings like the Reserve Bank of India, The Bombay Stock Exchange (BSE), and even the National Stock Exchange (NSE). Then there is an unmissable presence of conglomerates like Larsen and Toubro, State Bank of India (SBI), Life Insurance Corporation of India (LIC), the esteemed Tata Group, and the Godrej and Reliance Empires. Owing to all the money coursing through this city, Mumbai has earned the sixth spot in the top ten global cities on the billionaire count. Mumbai houses 28 billionaires.
Naturally, a city with so much money flowing in and out of it would have an endless array of banks. Banks like HSBC Bank, Kotak Mahindra, ICICI, Citi, Standard Chartered Bank, and many more are peppered all across Mumbai.
These and many other banks provide full services that cater to personal loan in Mumbai from private lenders. Loans sanctions are comparatively faster out here. With so many banks located here, getting a wide range of services like core banking, commercial lending, investment solutions, etc is not too hard. Getting a personal loan in Mumbai without documents would generally take you a long time. However, Money View sanctions your loan amount in quick time.
It is fast and it is customizable. The loans you avail from Money View are quick. All you have to do is upload your documents. Do this and you will have your required loan amount in just a matter of hours.
That is not all, as you get to personalize your loan the way you want. You get to personalize your EMIs the way you would prefer, while you set your loan up. One can easily avail a loan amount of upto Rs 5,00,000. The borrower gets a payback tenure of up to 24 months. At the end of the day, it is your loan, so you get to call the shots.
Interested in getting all the information around MoneyView personal loans in Mumbai? Then download the app today itself.
The app also helps you apply via the app, check your application status, your verification information and it also notifies you about your upcoming EMI payment through the app.
For Salaried – Min ₹ 14,000 In Hand Salary
For Self Employed – Min. ₹ 25,000 Income with 2 years Income Tax Return Filed
You can borrow as low as ₹ 10,000 and as high as ₹ 5,00,000. The maximum amount depends on your eligibility.
You can borrow for minimum 3 months to maximum 24 months.
The loan application for Money View is paperless which means that no physical document submission is required.
You need the following documents to apply for a loan with us
- Aadhaar card
- PAN Card
- Address proof
- Last 3 months bank statement
- 2 years IT Returns (in case you are self-employed)
EMI is deducted 5th of every month from your bank account.
At the time of application, you agree to a NACH mandate which enables us to deduct the EMI amount from your specified bank account.
In case your EMI auto-debit is bounced, there will be a bounce charge along with the daily penalty for delay of EMI.
Also in case you are not able to pay the EMIs, your CIBIL score might drop for every EMI default.
We assess your credit worthiness not only from your CIBIL score but also your transactional SMS data. Hence, when you download the app it helps us give you the best loan offer.
You can close your loan anytime after 3 months of taking the loan. There are penalty charges for foreclosure