What is the personal loan interest rate in Mumbai in 2026?

Personal loan interest rates in Mumbai start from 10.50% p.a. HDFC Bank offers from 10.75%, ICICI Bank from 10.85%, Axis Bank from 11.25%, Kotak Mahindra from 10.99%, and SBI from 11.15% as of June 2026. Rates depend on your salary, employer, and credit score.

How much personal loan can I get in Mumbai?

You can get a personal loan of up to ₹40 Lakhs in Mumbai depending on your salary and credit profile. For a ₹50,000/month salary, you can typically get ₹5-8 Lakhs. Higher salaries and good CIBIL score (750+) can get you up to ₹25-40 Lakhs from top banks.

How fast can I get a personal loan in Mumbai?

Personal loans in Mumbai are disbursed within 24-48 hours from most banks and NBFCs after document submission. Pre-approved customers with a good credit history at their existing bank can get disbursement within 2-4 hours. MoneyRise helps you get the fastest disbursal by matching you with the right lender.

What is the minimum salary for personal loan in Mumbai?

Most banks require minimum ₹25,000 net monthly salary for a personal loan in Mumbai. HDFC and Axis Bank require ₹25,000+, ICICI Bank ₹30,000+, and some premium lenders ₹50,000+. Self-employed individuals need minimum annual income of ₹2-3 Lakhs.

Personal Loan in Mumbai

Personal Loan in Mumbai from 10.50% p.a.

Instant personal loans up to ₹40 Lakhs for Mumbai residents — salaried & self-employed. No collateral. Compare offers from HDFC, ICICI, Axis Bank and 50+ lenders. Money in your account within 24 hours.

10.50%

Starting Rate

₹40L

Max Amount

24 Hrs

Disbursal

5 Yrs

Max Tenure

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Personal Loan Interest Rates in Mumbai — June 2026

Bank / NBFC	Interest Rate	Max Amount	Max Tenure	Processing Fee	Apply
HDFC BankPOPULAR	10.75% – 21.00%	₹40 Lakh	5 Yrs	Up to 2.50%	Apply
ICICI Bank	10.85% – 19.00%	₹50 Lakh	6 Yrs	Up to 2.50%	Apply
Axis Bank	11.25% – 22.00%	₹40 Lakh	5 Yrs	Up to 2.00%	Apply
Kotak Mahindra	10.99% – 26.99%	₹40 Lakh	5 Yrs	Up to 3.00%	Apply
SBI	11.15% – 14.30%	₹20 Lakh	6 Yrs	1.50%	Apply
Bajaj Finserv	11.00% – 35.00%	₹40 Lakh	8 Yrs	Up to 3.93%	Apply
Tata Capital	10.99% – 24.00%	₹35 Lakh	6 Yrs	Up to 2.75%	Apply
IndusInd Bank	10.49% – 26.00%	₹50 Lakh	5 Yrs	Up to 3.50%	Apply

Personal Loan in Mumbai — FAQs

Personal loan rates in Mumbai start from 10.50% p.a. IndusInd Bank offers from 10.49%, HDFC from 10.75%, ICICI from 10.85%, Kotak from 10.99% and SBI from 11.15% as of June 2026.

You can get up to ₹40-50 Lakhs personal loan in Mumbai depending on your salary. For ₹50,000/month salary, expect ₹5-8 Lakhs. Higher salary and 750+ CIBIL score can fetch ₹25-40 Lakhs from premium lenders.

Minimum ₹25,000 net monthly salary is required by most banks. HDFC and Axis accept ₹25,000+, ICICI prefers ₹30,000+. Self-employed need minimum ₹2-3 Lakhs annual income with ITR proof.

Personal loans in Mumbai are disbursed within 24-48 hours after complete document submission. Pre-approved customers can get money in 2-4 hours. NBFCs like Bajaj Finserv and Tata Capital are fastest for new applicants.

Personal Loan in Mumbai from 10.50% p.a.

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Personal Loan Interest Rates in Mumbai — June 2026

Personal Loan in Mumbai — FAQs

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