An Effective Guide on Applying for a Personal Loan in Mumbai
Mumbai-formerly called Bombay-is the capital city of Maharashtra. It is referred to the financial capital of India owing to the presence of several banking institutions and the stock exchange. It is home to the Gateway of India and Bollywood stars. This is where the ‘heart’ of Bollywood lies.
Daily necessities of life would compel you to borrow money from a relative. Who should you turn to in times of financial help? Bajaj Finserv is offering Personal Loan in Mumbai at attractive interest rates.
Application process
Did you know that you can apply online for a Personal Loan? All you have to do is fill an online application form. You can even auto fill the form by signing up with your social media account. Otherwise, you can provide details like your name, employer’s name, salary details, and mobile number.
Once you receive an approval from the lending bank, enter your loan details like amount and tenor of repayment. A representative from the bank will contact you for document submission.
What documents?
Here’s a list of the important documents required for Personal Loan. This includes salary slips (of the previous 2 months), employee ID card, passport, voters ID, and driving license or PAN card. For proof of residence, you can use your ration card, latest telephone or mobile bill, a letter from your employer, and your passport.
In addition to this, you are required to submit bank statements for the last 3 months.
Eligibility criteria
In order to meet the eligibility for Personal Loan, you have to be a working professional aged between 25 to 53 years. Visit your bank portal and 
answer a few simple questions that help determine your eligibility factor. Provide details like your date of birth, city of residence, current employer’s name, net salary and combined EMIs. The minimum salary required for a Personal Loan is Rs.40000
Benefits of Personal Loan in Mumbai
When you apply for a Personal Loan in Mumbai, you enjoy certain benefits and exclusive features.
Quick approval
Skip the long waits and go online for document and form submission. You get an approval within 5 minutes and cash is transferred to your bank account in 72 hours. Ensure you keep all the necessary documents ready and fill in accurate information for faster processing of your loan.
Loan amount and tenor
You receive loans up to Rs.25 lakh, with repayment options ranging from 24 to 60 months. For assistance, make use of the online Personal loan EMI Calculator to find out your EMI details.
Flexi loan
With a flexi loan, you have a choice of prepaying your loan without incurring any overhead charges. If you require the prepaid amount at a later time, you can re-avail the amount without any additional paperwork.
No interest is charged for the prepaid amount, and hence you save on interest charges. Make use of Bajaj Finserv RTGS facility for all your payments.
Member-only benefits
Once you become a member with Bajaj Finserv, you receive exciting pre-approved offers on Personal Loan.
Go online
Your Personal Loan has been approved. What next? You can get all loan information by logging to your loan account with simple credentials. These details include outstanding balance, interest rate, and other relevant information.
Summary
Applying for a Personal Loan in Mumbai is simpler and easier. If you hated the messy paperwork and visits to your bank, you just got luckier. Bajaj Finserv approves your loan in an instant and cash is disbursed to your account in a short time.
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Category: Loans
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