Here is the 5 Best Personal Loan in Mumbai

Mumbai, the financial capital of India, is known as the “city of dreams”. People come here from all around the world to live their dream and struggle for it. And for that, people work hard and earn money. But for some reason, earned money isn’t enough. Sometimes, we seek a personal loan to meet our expenses. Being a headquarter of various banks and NBFCs, Mumbai never fails to deliver personal loan at a fast pace. Those in need can avail personal loan in Mumbai at low-interest rate. To apply for personal loan in Mumbai, all you need to do is to meet few eligibility criteria. Let’s discuss which personal loan is best for you and how you can avail it instantly.

Some of the best Personal Loan in Mumbai

Being a home of many financial institutions, Mumbai is one of the best cities in terms of availing personal loan at ease. The city has many governments as well as private banks and is also the land of many NBFCs. Regardless of its fast-paced lifestyle, it doesn’t disappoint people who are in urgent financial need. Below, you can see some of the best Personal Loan in Mumbai and choose what’s best as per your need.

Personal Loan in Mumbai from Private Finance

HDFC Bank Personal Loan

HDFC Bank Personal Loan Interest Rate starts at 10.75% onwards and is currently one of the most inexpensive personal loan in Mumbai. You can avail personal loan up to Rs. 40 Lacs for 5 years at most. HDFC Bank Personal Loan Processing Fee is up to 2.5% of the total loan amount. You may avail it for big expenses like wedding, medical emergencies, etc.

Tata Capital Personal Loan

Tata Capital, being a NBFC, lends personal loan in Mumbai with fast approvals. Its interest rate starts at 11.25% and the maximum interest rate that is charged is 14.49%. One can avail personal loan up to Rs. 20 Lacs for the maximum time period of 6 years. With extended loan tenure, you will have an option to opt for low EMI that will be paid throughout the loan tenure. Tata Capital Personal Loan Processing Fee is up to Rs. 2000, depending on the total loan amount you’re opting for. 

Kotak Mahindra Bank Personal Loan

Kotak Mahindra Bank Personal Loan can be availed by Mumbaikar at the time of urgent financial needs. The sanctioned loan amount can be used for various purposes like wedding, medical emergency, child education, travelling, etc. With Kotak Mahindra Bank Personal Loan, one can avail several benefits like low-interest rate i.e.10.55% onwards, fast loan approvals, long repayment tenure up to 5 years. The maximum loan amount that can be availed is Rs. 25 Lacs and the processing fee for this personal loan is up to 2.5% of the total loan amount.

IndusInd Personal Loan

IndusInd Bank also lends personal loan in Mumbai. The maximum personal loan that can be availed by this bank is Rs. 25 Lacs at the interest rate of 11.00% onwards. For this loan, the maximum repayment tenure is 5 years. One can avail it easily by filling online loan application form that can be found on the official website of IndusInd Bank. One can also avail personal loan in Mumbai through Afinoz App. Afinoz provides personal loan at a low-interest rate.

SBI Personal Loan

When it comes to personal loan, SBI cannot be ignored. Due to its low-interest rate and relevancy in the financial sector, SBI is the first go-to lender for many borrowers. SBI Personal Loan can be availed by those who are salaried or self-employed individuals. The SBI Personal Loan Interest Rate starts at 11.55% onwards. To cover up big expenses, SBI lends personal loan up to Rs. 15,00,000 for 5 years. SBI approves the personal loan in Mumbai after checking customers history in SBI by SBI CIF number. 

What is SBI CIF Number? 

SBI CIF Number is an 11-digit number, provided to every SBI customer by the bank. CIF stands for Customer Identification File. It contains every important details of the customer and can be accessed by the Bank at any time. The main highlights of SBI CIF Number is given below –

• CIF is a virtual file which have all the banking information of the customer. 

• SBI CIF Number is an 11-digit number that denotes the digital file of the customer.

• All the bank accounts are linked to SBI CIF Number. 

• The Bank can access your file without getting your approval. 

• This unique file has all the banking related information such as loan details, DEMAT accounts, KYC details, etc. 

How to Get SBI CIF Number?

SBI CIF Number can be found through various methods. One can visit the bank, call the customer care, etc. to get his/her SBI CIF Number. These are the following methods through which you can find your SBI CIF Number –

Online Methods

• SBI Internet Banking – Visit SBI website and log in using your username and password. Go to the summary page and open “View nomination and PAN Details”. Find your SBI CIF Number.

• SBI YONO App – You can also get your SBI CIF Number by login into SBI YONO App. Download it from Google PlayStore. 

Offline Methods

• SBI CIF Number in SBI Chequebook – For ease of convenience, SBI mentions SBI CIF Number on the SBI Chequebook. Look for SBI CIF Number on the first leaf of your chequebook.

• CIF Number in SBI Passbook – Don’t be disappointed if you don’t have SBI Chequebook. You can also alternatively find your SBI CIF Number on your SBI Passbook.

• CIF Number through your E-mail – Ask for e-statement from the bank on your registered E-mail Id. For that, you have to send an SMS from your registered mobile number.

• Call SBI Customer Care Number – If nothing worked, we advise you to get in touch with SBI Customer Care. SBI Customer Care Number is 080-26599990.