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Personal Loan Festival Offer

Guaranteed Flipkart / Amazon / Shoppers Stop vouchers on successful loan disbursal’s !!

faby jodoh Personal Loans Overview

free esq Personal Loans Interest Rates

Banks & NBFC’s offer Personal Loans interest rates between 11.49%* to 21%.
The exact interest rate is based on the banks assessment of your profile, salary amount & in which category your Company is.
The maximum tenor is determined on the basis of the net salary and company category.

Compare Personal Loan Interest Rates of Different Banks*

ankhbot Name of the Provider

Interest Rate

Processing Fee

State Bank of India 12.55%-17.65% 1%-3% of the loan amount + applicable Service Tax
Axis Bank Limited 15.50%-24% 1.50%-2.00% of the loan amount + Service Tax, as applicable
ICICI Bank 11.49%-22.00% Upto 2.50% of the loan amount + Service Tax, as applicable
Tata Capital 12.50% to 19% Starts at 999/-
Punjab National Bank 3.10%-6.10% + MCLR
  • Upfront fees: 1.80%+ST+Edu Cess
  • Documentation charges
  • Upto Rs. 2 lac: Rs.270+ ST & Edu.Cess
  • Over Rs.2 lac: Rs.450+ST & Edu.Cess
  • For Defence Personnel only upfront fee / no documentation charges.
Bajaj Finserv 16% 2.25%-3% of the loan amount
Fullerton India 17.25%-35% Upto 6.5% of the loan amount
IndusInd Bank Upto 23% per annum Upto 2.5% of the loan amount
Standard Charted Bank Upto 27% Upto 2.25% of the loan amount
Citibank Values based on customer profile; starting at 11.75% Upto 2.50% of the loan amount
HDFC Bank 11.49%-20% Upto 2.5% of the loan amount,
subject to a maximum of 25,000 INR and a minimum of 1,000 INR
Kotak Bank 11.50-24% Upto 2% + ST + Other levies
HSBC Bank 12.25%-17.50% p.a. Upto 2.5% of the disbursed loan.

Example

If you take a Personal Loan of

Amount Rs.1,00,000/-
Tenor 3 years (36 months)
Rate of Interest (Yearly) 15% (reducing rate of Interest)
Processing Fee 2% (on the loan amount) + Service tax (15% on the service tax)

Then the calculations are

EMI Rs. 3,467/-
Total Repayment Rs. 3,467 x 36 = Rs.1,24,795/-
Total Interest on the Loan for 36 months Rs. 24,795/-

 

Processing Fee (PF) – 2% Rs.2,000/-
Service Tax on PF is 14% Rs.280/-
0.15% Krishi Kalyan Cess + 0.15% Swachha Bharat Cess – Total 0.30% Rs.6/-
Total PF –  2.286% Rs. 2,286/-

Total amount/cost to be repaid in 36 months.

Principal Rs. 1,00,000
Total Interest on the Loan for 36 months Rs. 24,795/-
Processing Fee Rs. 2,300/-
Total Repayment Rs. 1,27,095/-
Cost of the loan Rs. 27,095/-

 

Foreclosure / Repayment
Most banks have a lockin period of 6 months to 12 months before your can repay the loan. That means one can only repay the loan only after 6/12 months after availing the loan.

Personal Loans Gift Vouchers Offers Details

Loan Amount Voucher Amount (INR)
1 Lac to 1.99 Lac Rs. 500
2 Lac to 2.99 Lac Rs. 1000
3 Lac to 3.99 Lac Rs. 1500
4 Lac to 4.99 Lac Rs. 2000
5 Lac to 9.99 Lac Rs. 2500
10  Lac + Rs. 5000

  • Choose from Flipkart / Amazon / Shoppers Stop.
  • Voucher validity : 12 months from the date of delivery.
  • Terms and Conditions applicable of the respective vouchers.
  • Voucher in multiples of Rs. 500/-

  • The following conditions must be fulfilled to avail this offer:
    • Application – Personal Loan application to be made through LoansMumbai – Personal Loan offer page between 8th Oct 2016 to 22nd November 2016 will be eligible for the vouchers.
    • Disbursements: Personal Loan application to be made through LoansMumbai – Personal Loan offer page between 8th Oct 2016 to 22nd November 2016 should be disbursed on or before 28th November 2016.
    • Offer Invalid : Even though the application is done through this offer page between 8th October 2016 and 22nd November 2016 and the loan Is disbursed on or after 29th November 2016 this offer would stand invalid.
  • This offer is provided exclusively by LoansMumbai.com and not by the banks or NBFC’s from where the loan is being taken. Banks and NBFC should not be held liable for this offer.
  • Gift voucher will be provided between 15th January, 17 and 18th January, 17, Subject to the 1st EMI being paid on the due date and no cancellation of the loan till 15th January.
  • Processing Fee applicable as decided by the respective Banks and NBFC.
  • Loan Amount, Tenor and Disbursement as per Banks / NBFC’s discretion.
  • LoansMumbai will not be responsible for non-delivery of the gift vouchers in the stipulated time due to any circumstance which are not in LoansMumbai’s control.
  • LoansMumbai.com would not be held responsible for the delay in disbursement from the banks or NBFC or due to the delay in documentation provided by the customer.
  • LoansMumbai can hold back or cancel the voucher in case the applicant is found to have violated any personal loan related T&C.
  • LoansMumbai reserves the right to modify/withdraw the voucher offer at its own discretion without prior communication.
  • LoansMumbai does not have responsibility to ensure the goods/services purchased on the voucher. Any issue with goods/services purchased on the voucher need to be taken up with the respective company.
  • The offer cannot be combined with any other offer that may exist on LoansMumbai Personal Loans or LoansMumbai other loan products.

List of documents for Salaried

  • Passport Size photographs.
  • Proof of Identity:- PAN Card
  • Proof of Identity:- Aadhar Card / Passport / Driving License / Voters ID (Any one mandatory)
  • Proof of Residence Ownership:- Electricity Bill (not more than 45 days old).
  • Latest 3 months Bank Statement (where salary/income is credited).
  • Salary slips for last 3 months.

List of documents for Self-Employed

  • Passport Size photographs.
  • Proof of Identity:- PAN Card
  • Proof of Identity:- Aadhar Card / Passport / Driving License / Voters ID (Any one mandatory)
  • Proof of Residence Ownership:- Electricity Bill (not more than 45 days old).
  • Office address proof.
  • Income proof (audited financials for the last three years).
  • Latest 6 months Bank statement of current/saving/OD/CC account.

"LoansMumbai provides you with excellent customer care service"
LoansMumbai has provided me with excellent services,
when it came to solving my every single query.
Due to their 24*7 support the Sanction and Disbursement
process was organised & effortless. Thank You to
Team LoansMumbai.com
Harveer Singh

How our clients say about LoansMumbai

"LoansMumbai provides you with excellent customer care service"
LoansMumbai has provided me with excellent services,
when it came to solving my every single query.
Due to their 24*7 support the Sanction and Disbursement
process was organised & effortless. Thank You to
Team LoansMumbai.com
Harveer Singh

How our clients say about LoansMumbai

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