Personal Loan in Mumbai

Whatever be the reason, you no longer need to hold yourself back, just choose Personal Loan from any bank and put all your worries to rest. Oneshopfinance offers quotes for Personal Loan in Mumbai.

Compare personal loan offers and get best deals on personal loans in India from banks. Get Low Interest Rate Personal Loans .Get personal loans upto 17 Lakhs and upto 7 Years. Get short term and long term personal loans. Get Unsecured Personal Loan. Get Loans from Bank in Mumbai, A number of factors are taken into account when assessing your repayment capacity. Your income, age, number of dependants, qualifications, assets and liabilities, stability/ continuity

To qualify for a personal loan, the following criteria apply

  • Applicant can be a salaried / self-employed individuals and should be a resident Indians.
  • Professional self-employed individuals eligible for a personal loan are Doctors, Chartered Accountants, Cost Accountants, Company Secretaries, Architects, Engineers and Management Graduates.
  • The minimum age of the Applicant / Guarantor should be 21 years for salaried and self-employed individuals.
  • The maximum age of the Applicant / Guarantor at loan maturity should be 58 years for salaried individuals (60 years for Central Govt. employees) and 65 years for self-employed individuals.
  • The minimum years in continuous employment / business should be 1 year for salaried individuals and 2 years for self-employed individuals.
  • The minimum net annual income should be Rs.75,000 p.a. (including co-applicant’s or applicant’s income) for salaried and self-employed individuals.(Different banks Have different income criterias).
  • The minimum stay at current residence should be 1 year for salaried and self-employed individuals

Documents required

1. Complete loan application form with 4 photographs.

2. Proof of Applicant’s Identity (any one of the following) Passport, Photo Pan Card, Voter’s Identity Card, Photo Ration Card, Defence Identity Card, Driving Licence, and Government Identity Card

3. Proof of Residence

  • Passport
  • Telephone (Land/Mobile) Bill
  • Driving Licence
  • Ration Card
  • Electricity Bill
  • Society Outgoing Bill

4. Age proofing certificate

  • Passport
  • Birth Certificate
  • LIC Policy or Premium clearly indicating the applicant’s age
  • Voter’s Identity Card
  • School Leaving Certificate

5. Financial documents

  • Salaried Individuals
  • Latest salary slip showing statutory deductions OR Form 16 (Declaration from employer giving details of income and deductions, duly signed by an authorized signatory of the company)
  • Latest acknowledged IT Return and Bank statements for the last 3 months

Below is list of Local Banks and also Overseas banks available in mumbai (India) for all type of banking transactions and other utilities available like Personal loans, Housing Loans, Saving and Current account openings, Special NRI accounts and Terms of Banks for banks doing foreign exchange transactions and Mortgage related details.

  • Reserve Bank Of India
  • State Bank of India
  • Standard Chartered
  • HDFC Bank
  • HSBC BANK
  • ICICI Bank
  • Citi Bank
  • UTI Bank (Now AXIS Bank)
  • Bank of Baroda
  • Allahabad Bank
  • Kotak Mahindra
  • Federal Bank
  • Canara Bank
  • UCO Bank
  • Corporation Bank
  • Andhra Bank
  • Union Bank of India
  • Syndicate Bank
  • Bank of Punjab
  • Centurion Bank Of Punjab
  • Indian Bank
  • ABN AMRO
  • Central Bank of India
  • Dena Bank
  • Vijaya Bank
  • Ingvysyabank.com
  • Bank of Maharashtra
  • South Indian Bank
  • The Bank of Rajasthan
  • Punjab national Bank
  • State Bank Of Mysore
  • IDBI Bank
  • Oriental Bank Of Commerce
  • Deutsche Bank


Personal Loan in Delhi

A personal loan is an-all purpose loan for your own personal use. It could be for any expenses such as funding holidays, purchase of consumer durables, medical expenses, wedding expenses, buying jewellery, down-payment for a home loan, transfer of credit card outstanding, or sudden business requirement. Loans are available from Rs. 20000 to Rs. 20 lakh for any purpose depending on your requirement.

There are numerous opportunities to avail a loan and financing institutions have spared no effort to push their services. This brings in a situation where an individual is made to believe that he or she requires a loan. With this mind frame people tend to take loans without assessing the necessity for it and think of ways to spend it after availing of it. One should always determine the cause for opting for a loan and get one only if there is an absolute necessary.

“THE COMPANIONS”, a Delhi based company which is an associate of Financial Services with Market Leading Banks fulfilling requirements of Personal Loans and Business loans of individuals and companies. Personal Loan / Business loans are an UNSECURED LOAN and NO COLLATERAL or GAURANTOR is pledged or taken. The loan can be availed for any reason e.g. Marriage, Education, Investments, Vacations, Construction or Renovation etc. The Companions provide assistance in Delhi.

Loan can be availed ranging from 1 Lac to 200 Lacs.

HSBC Bank India offers personal loan scheme from the EMI (Equated Monthly Installment) is lower in the first year and higher in the subsequent years. This is probably to reduce the repayment burden on you at a time when you clearly need money for some purpose.

Another feature is that you can get a personal loan sanctioned for a higher amount, use a lower amount and pay interest on the amount actually used. Let’s say you apply for and get approval for a loan of Rs.2 lakhs but actually use only Rs.1.5 lakhs, you’ll have to pay interest on only 1.5 lakhs and not the full amount of personal loan sanctioned.

The HSBC Bank Personal loan is available to salaried/self employed persons between 21 years and 58 years of age. The upper limit for Central Government employees is 60 years while it is 65 years for the self employed. Salaried individuals need to be in continuous employment for atleast 1 year while self employed people need to be in employment for atleast 2 years.

To qualify for a personal loan, the following criteria apply

  • Applicant can be a salaried / self-employed individuals and should be a resident Indians.
  • Professional self-employed individuals eligible for a personal loan are Doctors, Chartered Accountants, Cost Accountants, Company Secretaries, Architects, Engineers and Management Graduates.
  • The minimum age of the Applicant / Guarantor should be 21 years for salaried and self-employed individuals.
  • The maximum age of the Applicant / Guarantor at loan maturity should be 58 years for salaried individuals (60 years for Central Govt. employees) and 65 years for self-employed individuals.
  • The minimum years in continuous employment / business should be 1 year for salaried individuals and 2 years for self-employed individuals.
  • The minimum net annual income should be Rs.75,000 p.a. (including co-applicant’s or applicant’s income) for salaried and self-employed individuals. (Different banks have different income criterias).
  • The minimum stay at current residence should be 1 year for salaried and self-employed individuals.


Punjab National Bank Personal Loans

Punjab National Bank of India, the first Indian bank started only with Indian capital, was nationalized in July 1969 and currently the bank has become a front-line banking institution in India with 4525 Offices including 432 Extension Counters. The corporate office of the bank is at New Delhi. Punjab National Bank of India has set up representative offices at Almaty (Kazakhistan), Shanghai (China) and in London and a full fledged Branch in Kabul (Afghanistan).

Punjab National Bank (PNB) has been ranked 38th amongst top 500 companies by The Economic Times. PNB has earned 9th position among top 50 trusted brands in India.

The Punjab National Bank of India or PNB has launched the concept of “Any Time, Any Where Banking” through the introduction of Centralized Banking Solution (CBS) and has recently introduced On line Payment Facility for railway reservation through IRCTC Payment Gateway Project and On line Utility Bill Payment Services, allowing Internet Banking account holders to make their payments anytime from anywhere. Another step taken by Punjab National Bank of India is the launch of its ATM- cum- Debit card.

Eligibility for all types of personal loans:

  • All permanent Defence Personnel including officials of Military Station Headquarters, BSF, CRPF, CISF, ITBP
  • Confirmed/ permanent employees of Central/ State Govt/ PSUs and all reputed companies/ Institutions, who are drawing their salary through accounts maintained with PNB branches.
  • Employees of above categories under ‘check-off facility’ OR having minimum annual income of Rs.3.00 lakhs.
  • Professionally qualified Doctors viz. MBBS, BDS & above having annual income of Rs.3.00 lakhs & above.

However, for Teachers, Army Jawans, other permanent employees of Military Station Headquarters and Para Military Personnel whose salary is being credited and disbursed through PNB branches the minimum Net Monthly Income criteria shall be Rs.5000/- at all Centres viz. Metro, Urban, Semi-Urban and Rural.

Term Loan/ Overdraft – Minimum amount of loan will be Rs.10,000/- and maximum amount of loan Rs.3,00,000/- or 30 times monthly net salary, whichever is lower, depending upon the repaying capacity.

There is no Margin and a Suitable guarantee acceptable to the Bank.

As per the Repayment is concerned 60 Equated Monthly Instalments (EMIs) OR remaining period of service, whichever is earlier. Installment to commence one month after disbursement of loan.

However, loan allowed to Army Jawans, other permanent employees of Military Station Headquarters and Para Military Personnel shall be Repayable in maximum 36 Equated Monthly Installments or remaining period of stay at the particular posting, whichever is lower.



Newer Posts »