Get Instant Personal Loan in Mumbai up to ₹20 Lakh

Enjoy attractive interest rates starting at 9.9% p.a. with flexible EMI options

Personal Loan in Mumbai

Mumbai, widely known as the city of dreams, is the commercial hub of India. Bustling nightlife, vibrant culture, helpful people and a rich past, Mumbai is a perfect concoction of old-world charm and modern delights. However, the cost of living is a bit on the higher side, especially due to the soaring real estate price. So, if you have moved to the city and are in need of urgent cash, get a personal loan in Mumbai with Navi.

Navi offers hassle-free instant personal loans with zero paperwork and attractive interest rates. All you need to do is download the Navi app and apply!

Features and Benefits of Personal Loan in Mumbai

Features and Benefits of Personal Loan in Mumbai

Apply through the Navi app and get your loan approved and disbursed to your account in a few minutes
Get personal loans up to ₹20 lakh in Mumbai without pledging any collateral or a guarantor
Enjoy competitive interest rates starting from 9.9% p.a.
No paperwork or documentation required. Just download the Navi app and apply
Enjoy flexible repayment options of up to 72 months. Repay at your convenience
No lengthy documentation process. Just apply with your PAN details

How to Apply for a Personal Loan in Mumbai?

Download the Navi App from Play Store or App Store
Enter a few basic details like name, address, PAN, etc., to check your eligibility
Enter the loan amount and tenure
Our representative will call you. Complete your V-KYC with PAN
Enter bank details and set-up auto pay. Get instant money in your bank account

How to Apply for a Personal Loan in Mumbai?

How To Apply

Eligibility Criteria and Documents Required

Indian Resident 18-65 years of age

PAN Card Holder

Salaried or Self-Employed

Aadhaar Card Holder

Interest Rates for Personal Loan in Mumbai

The personal interest rate in Mumbai for Navi starts at 9.9% p.a. However, the final rate could vary depending on your eligibility.
Interest Rate9.90% p.a. onwards
Processing FeeUp to ₹7,500
Loan AmountUp to ₹20 lakh
Loan Prepayment FeeNil
Loan TenureFrom 3 to 72 months

How to Calculate EMI on Personal Loan?

Calculate your loan EMI beforehand to better plan your loan and manage your finances. You can either calculate your loan EMI manually or take the help of our personal loan EMI calculator. Here’s the formula for EMI calculation:

EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.

However, manual calculations can be tasking. A better alternative would be using Navi Personal Loan EMI Calculator. All you have to do is select the loan amount, interest rate and loan repayment tenure. The calculator will show you the EMI in a matter of seconds.

Personal Loan Calculator

Loan Amount

Rate of Interest (P.a)


Loan Tenure (Months)


Monthly EMI


Total Interest

Total Amount

Why Choose Navi Personal Loan in Mumbai?

Instant disbursal

If you need instant cash to cross any financial hurdle, choose Navi. It hardly takes a few minutes to apply and get the loan disbursed to your account if you are eligible.

No hidden charges

Extremely transparent process with no additional or hidden charges. In case you have any doubt, feel free to write to us or check our rate card.

No paperwork

100% app-based paperless process. You can apply for a loan from anywhere, anytime.

Trusted by Millions of Users

1 M+
App Downloads
1 L+
Loan Sanctioned
1 Cr+
Loan amount disbursed
1 L+
Active Loans

What our customers say about us


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Frequently asked questions

It’s always recommended to have a good credit score. Having an above-average credit or CIBIL score could help you get better deals like preferential rates on your loan.

You can repay your loan in easy EMIs. Just link your bank account to the Navi app and set up auto-debit. The EMI amount shall get automatically deducted from your bank account on the due date.
You can reduce your personal loan EMI either via personal loan balance transfer or by increasing the loan tenure.

Here are some of the factors you could consider before taking a personal loan:

  • Credit score: Having a good credit score can help you fetch better deals on your loan. Similarly, a poor credit score could lead to loan rejection
  • Repayment capacity: Check your repayment capacity before taking a loan. Missed EMI payments could hurt your credit score and put a dent in your creditworthiness
  • Loan EMI: Always calculate your loan EMI beforehand to check your monthly repayment obligations. This would help you manage your finances in a better way.

You can improve your credit score by following the best personal finance practices. This would include paying your credit card bills on time, correcting any inaccuracy in your CIBIL report, timely EMI payments, etc. For a detailed guide, read our blog on how to improve your credit score.

You can get an instant cash loan in 1 hour in Mumbai with Navi. The entire process takes hardly a few minutes. Just keep your PAN card at your disposal while applying, that’s it.

Missed EMI payments could call for penalty charges. Also, your creditworthiness and credit score could get affected.
The loan amount depends on your eligibility and depends on various factors including your monthly income, credit score and repayment capacity, among others.

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