Personal Loan in Mumbai
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Personal Loan

One of the most accessible loan options that require minimum documents. Online Personal Loan in Mumbai is an excellent choice to meet current financial needs.

Compared to Loan Against Property, in Personal loan, you don’t have to offer a collateral to the bank or financial institute. An individual can get a loan within 24 to 48 hours on the submission of the required documents. Plus, the loan amount can be used for any purposes without any restriction. The repayment tenure of the personal loan is short; up to 5 years. Also, the interest rates are competitive, and EMIs can be selected based on your repayment capacity.

Real Money Solutions personal loan agents in Mumbai have helped countless individuals secure a personal loan at the best interest rate possible. Since a personal loan is a collateral-free funding option, the process of application and the screening of the applicant is quite stringent. As such, our knowledgeable and efficient team can help make this process as straightforward as possible for you, ensuring quick approval and disbursement of money in your account.

As a personal loan provider in Mumbai, we’ll do our best to help you find the right financial solution based on your current financial needs. So, contact us or make use of our loan application form to apply for a personal loan today!

Personal Loan can be used for;

  • Debt consolidation
  • Paying medical bills
  • Medical emergencies
  • Travel purposes (vacation)
  • Wedding
  • Education
  • Home improvement
  • Paying off taxes

Eligibility For Personal Loan

  • The Applicant should be at least 21years of age or up to 65 years.
  • The Applicant should be residing at the current place of residence for a minimum of 3 years.
  • Salaried employees should have at least 3 years of work experience with the current employer.
  • Self-employed applicants should be in the business for at least 3 years.

*Note: Different banks/financial institutes have different eligibility criteria.

Personal Loan for Salaried Individuals (Documents Required)

  • Proof of Identity (PAN Card) of residence Applicant & Co-Applicant.
  • Proof of Address (Aadhaar Card or Passport) of residence Applicant & Co-Applicant.
  • Latest salary slips.
  • Form-16 issued by the current employer.
  • Bank statements for the last 3months (where the salary is credited)
  • Proof of Job Continuity (employment certificate, certificate of experienceor appointment letter from the current employer)
  • Proof of Investment (fixed assets, shares, fixed deposit)
  • Photo of Applicant & Co-Applicant.

*Should have a good CIBIL score.

*Note: The list of documents required varies from bank-to-bank and financial institutes.

Personal Loan for Self-employed Professionals (Documents Required)

  • Proof of Identity (PAN Card) of residence Applicant & Co-Applicant.
  • Proof of Address (Aadhaar Card or Passport) of residence Applicant & Co-Applicant.
  • Business and Office Proof.
  • Education Credential: degrees, diplomas, certificates, etc.
  • Bank statements for last year.
  • lT Returns of three years preceding the one in which loan is applied for.
  • Photo of Applicant & Co-Applicant.

*Note: The list of documents required varies from bank-to-bank and financial institutes.

Personal Loan for NRI Applicants (Documents Required)

  • Proof of Identity (copy of passport and visa) of Applicant & Co-Applicant.
  • Proof of Employment (job contract, appointment letter from the current employer, etc) of Applicant & Co-Applicant.
  • Salary slips for last 6 months
  • NRO/NRE Bank statement for last 6 months.
  • Photo of Applicant & Co-Applicant.

*Note: The list of documents required varies from bank-to-bank and financial institutes.

Personal Loan for Pensioners (Documents Required)

  • Proof of Identity(Passport, Pan Card) of residence Applicant & Co-Applicant.
  • Proof of Age (Birth certificate, school leaving certificate) of residence Applicant & Co-Applicant.
  • Proof of Address (Aadhaar card, passport) of residence Applicant & Co-Applicant
  • Form-16 and IT Returns.
  • Bank statements for the last 6months (where the pension is credited).
  • Photocopy of pension payment order.
  • Photo of Applicant & Co-Applicant.

“GST Certificate”(for self employed) & “Bank Statement” 

*Note: The list of documents required varies from bank-to-bank and financial institutes.