Simple Steps To Get A Personal Loan In Goregaon, Mumbai.

personal loan in Goregaon

personal loan in Goregaon

Goregaon is a town in Raigad; it is a suburb of Mumbai. Mumbai is a suburban district of India. It has a railway station on the western lines. It is bound to rapid urbanization, significantly because of metro lines. Goregaon was a hilly forest region, and now it is crowded with a growing population.

Mumbai is said to be a dream city, and it attracts people from across India to choose to make a living there. By the way, doing so is not simple. Living in Mumbai is more expensive than living in any other state in India. It is recommended for salaried individuals to avail of loans as per their requirements in this city to make their living easy.

 Top Banks for the interest rate in Goregaon, Mumbai: –

Feature HDFC Bank ICICI Bank Bajaj Finance
Interest rate 10.75% to 17% 11.25% to 18.5% 12%
Minimum loan amount Metro: 75000 and non-metro: 50,000 50,000 100,000
Maximum loan amount 50 lacs 50 lacs 1 Cr
Loan tenure 1 to 5 years 1 to 5 years 1 to 5 years
Processing fee 0.25% to 2% of the loan amount 1% to 2.5% of the loan amount 0.5% to 2% of the loan amount
Preclosure charges 2%, Nil foreclosure charges after 12 months 2%, Nil foreclosure charges after 24 months Nil
Overdraft facility No No Yes

Also Read: A Detailed Guide That Will Assist You in Getting a Personal Loan in Mumbai.

Necessary documents required for a personal loan in Goregaon: –

The norm for salaried employee borrowers –

  • Identity document proof – driving licence/ Aadhaar card / passport/ voter identity document (ID)
  • Income proof – Salary slip of 3 consecutive months.
  • Bank statements of the previous six months.
  • Any Residence proof like an Aadhaar card/driving license
  • PAN (Permanent account number) card
  • Rental agreements
  • Multiple passport-size photographs (professional and formal photographs; without spectacles.)

The norm for self-employed borrowers-

  • Identity document proof – driving licence/ Aadhaar card / passport/ voter identity document (ID)
  • Income proof – Should present financial documents like balance sheet, profit, loss statements, and ITR (Income tax returns) files for three consecutive months.
  • PAN (Permanent account number) card
  • Rental agreements
  • Address proof
  • Two passport-size photographs (Formal and professional photographs; without spectacles)

Please note all the required documents could slightly vary from lender to lender.

Eligibility criteria to avail a personal loan for self-employed and salaried individuals: –

  • The age group preferred is 24 to 60.
  • The minimum amount of availability for a personal loan is Rs 10,000, and maximum amount of availability for a personal loan is Rs 15,00,000
  • Provide necessary previous three months’ salary slips and present relative income proof documents.
  • You should have a good CIBIL score that is 700 to 900.
  • Good credit history will get you a personal loan approved with a low-interest rate.

Personal loan, interest rates in Goregaon, Mumbai:-

Bank Processing fee Prepayment charges
HDFC Bank personal loan 0.25% to 1.50% 2%, nil foreclosure charges after three months.
Axis bank personal loan 0.05% to 1.50% Nil
ICICI Bank Personal loan 0.25% to 1.50% 2%, Nil foreclosure charges after nine months
SBI personal loan 5.00% to 0.50% Nil
Kotak Personal loan 1% to 2% 2.25% of foreclosure amount suppose you close one month ahead of tenure
IIFL Personal loan Nil Nil
Muthoot Personal loan Nil Nil
Manappuram Personal loan Nil Nil
PNB Personal loan 0.70% to 1% Nil
Canara Bank Personal loan 0.01 Nil
Andhra Bank Personal loan Nil

 

 

Nil

 

 

Need a Loan

Easy steps to apply for a loan in Goregaon using Buddy Loan: –

The Best loan aggregator that can avail loans with easy steps is Buddy Loan. With Buddy Loan, you can apply for a loan up to Rs. 15 lakhs at an interest rate starting from 11.99% and choose a flexible repayment plan ranging from 6 months to 5 years. You can also check credit scores using Buddy Score before applying for loans: –

Personal Loan – This is the most beneficial loan in a city like Mumbai. Mumbai has got a fast-moving paced environment. Personal loans are best for salaried individuals who have cash flow consistently, and there are many working professions in that area. You can take personal loans to deal with debts and due bills and afford a few essential things. The beneficiary factor is that you can maintain good credit scores and apply for personal loan for the lowest rate.

You can also avail personal loan and get access to other needs like: –

Use a personal loan for business – Goregaon comes under a very forward and developed area, and Mumbai has giant corporations in India. There are many opportunities for you to start your own business or expand the existing business. Easy, quick, and hassle-free instalments make it useful for many dreaming of creating something independently.

You can use a personal loan for the term, Working capital, Cash Credit, Overdraft, letters of credit, POS (Point of Sale), Equipment financing, Bill discounts, Government schemes, and Bank guarantee.

Use a personal loan for a wedding. – Marathi weddings are grandeur and culturally rich. At the time of the wedding, there could be chances that you could be short on money. Availing personal loans for wedding loans will ease your tension and make your wedding an easy process. You can help with a personal loan with a low-interest rate with a good credit score.

Use a personal loan for travel – Fulfilling your wish of travelling the whole world is made easy by a personal loan. It is a better option than taking credit cards. It helps you go on domestic and international trips for personal or business purposes. You can use a travel loan for tickets, food, accommodation, or sightseeing without any restrictions; you have the freedom of using it anywhere.

Use a personal loan for a medical emergency- At a time of crisis regarding health, it is most helpful to take a personal loan for a medical emergency. You can get a low-interest rate personal loan with a good credit score.

Also Read: Avail Personal Loan in Bandra With Lesser Documents

The bottom line: –

The advantage for people living in Goregaon is that loans are readily available. If other loans are unavailable, people there can take personal loans and use them for their purposes. Mumbai is a developed city, so many people will require bearing loans.