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Personal Loan in Mumbai – At the lowest Interest Rates

Personal Loan in Mumbai – At the lowest Interest Rates

Last updated: Apr 29, 2022, 05:01 AM IST

Mumbai, the city of dreams is one major hub in India where people from all over the country look forward to creating a lasting career and sustaining a good life. It is one major metro city with a wide scope of work in a variety of industries. People visiting Mumbai feel inspired to build careers in entertainment, corporate, fitness, e-commerce fields, etc. However, since 2020 when the covid-19 pandemic arrived the opportunities in abundance became limited and a lot more filtered. This is one reason why many Mumbaikars lost their jobs and suffered a loss in businesses.

During this financial crunch what came as a saviour were different online personal loan apps. Those struggling with finances turned their attention to trusted instant cash loan apps to acquire easy loans with low-interest rates and flexible repayment tenure. An instant personal loan is till date a viable option, as compared to other loan types it is less risky. Borrowers can always apply for a short-term personal loan online and expect to repay it easily in a given tenure and at affordable interest rates.
 

Personal Loan Interest Rates in Mumbai


Interest rate is one factor that forces borrowers to think twice before opting for a loan. It is an additional amount to be paid above the sum of the loan. Considering different income slabs of employed and self-employed individuals in Mumbai, the interest rate varies from lender to lender & comes with a repayment tenure extending up to 5 years.
 

Eligibility Criteria for Personal Loan in Mumbai


Whether the loan is for 50,000 or 1 lakh, borrowers should check the eligibility criteria before the interest rate. It is to ensure there are no cases of fraud:


Age criteria

Borrower should be between 21 – 58 years


Minimum monthly income for salaried and self-employed

Borrower should earn at least a minimum amount of Rs.15,000 monthly


Income proof

Verify your bank details using net banking or debit card details


Why SimplyCash Personal Loan in Mumbai?


SimplyCash is an instant cash loan app powered by Hero FinCorp. It is specifically designed to provide instant short-term loans between Rs.50,000 to 1.5 lakh at a starting interest rate as low as 2.08%. The amount is easily available within minutes of approval. The procedure for availing of instant short-term finance involves paperless documentation and real-time verification. Once verified and approved, disbursal is done wthin a working day.

SimplyCash loan app is a completely digitized instant loan platform. You can manage your loan account online and check important details like interest rate, EMIs, and repayment tenure from anywhere at the tip of your finger. So, take a risk-free short-term loan via SimplyCash and pay at your convenience in a flexible tenure of 6 to 24 months.

Use the in-built EMI calculator tool in the SimplyCash loan app to get the desired EMI on short-term loans, based on the loan amount, interest, and tenure.

Finally, personal loans in Mumbai are available with a variety of lenders online. Hence, to get a good deal, that is a low-interest rate on the loan amount, it is best to make comparisons between the prevailing interest rates amongst top lenders and accordingly apply for a personal loan with a low-interest rate that makes the EMI repayment easier.

SimplyCash

SimplyCash powered by Hero FinCorp is an instant personal loan app providing cash loans of upto INR 1,50,000 for both salaried and self-employed individuals. Driven by technology and fuelled by innovation, SimplyCash solves instant cash requirements of customers in just a few simple clicks without any physical documentation or meeting. The mobile app is available to users through all popular Android play stores like Google play store, Samsung store, Xiaomi store etc. With one of the most widespread presence, SimplyCash currently offers its services in over 90 major locations in India. Known for a seamless process, instant loan disbursal and transparent pricing - SimplyCash truly lives upto the expectations of being a 'Hero' product.  

Note: SimplyCash is a duly registered trademark and is a loan product offered, managed and operated by Hero FinCorp. Hero FinCorp Limited is a Non-Banking Financial Company registered under the provisions of Reserve Bank of India ("RBI") and is in the business of finance and lending.

Accepted Banks:

ICICI BANK LTD HDFC BANK LTD IDBI BANK STATE BANK OF INDIA PUNJAB NATIONAL BANK YES BANK INDUSIND BANK KOTAK MAHINDRA BANK LTD

IDFC FIRST BANK LTD AXIS BANK BANK OF BARODA TAMILNAD MERCANTILE BANK LTD INDIAN OVERSEAS BANK INDIAN BANK RBL BANK LTD DEUTSCHE BANK AG CITY UNION BANK LTD FEDERAL BANK SOUTH INDIAN BANK STANDARD CHARTERED BANK CANARA BANK KARNATAKA BANK LTD CITI BANK BANDHAN BANK UNION BANK OF INDIA DCB BANK LTD DBS BANK INDIA LTD THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD DEUTSCHE BANK UCO BANK

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