Apply Personal Loan in Mumbai at 10.99% upto ₹15 Lakhs

Q: What are the fees and other charges?

With a digibank by DBS personal loan, our processes are transparent. Here our fees and charges:Processing fee: 1.00 % to 2.5 % of the loan amount + GST as applicable Foreclosure charges: Foreclosure can only be done 12 months from the date of disbursement.Fees are collected on the principal outstanding + GST as applicable.Here are the charges for different tenures: 2 - 24 months: 4.5 % 25 to 36 months: 2.5 % 36 months or more: 2 % The same rates apply to part prepayment charges, which can only be done after 12 months from date of disbursement subject to a maximum of two prepayments in a year.There will be a charge for standing instructions being dishonoured at Rs.600 per instance + GST.There will also be a penal interest rate at 24 % per annum,or 2 % per month,on the overdue instalment EMIs for loans disbursed between 1 st to 19 th of the month will start from 6 th of the next month,while those disbursed after the 20 th of the month will begin from 10 th of the following month

Q: What if I decide against the loan after sanction?

Loan cancellation can be only be done during the two-day ‘free look’ period from the disbursal of the loan. There are no cancellation charges, but the processing fee and applicable taxes collected will not be refunded.

Q: How do I get my loan repayment schedule?

After you take a personal loan in Mumbai from digibank by DBS, download the repayment/loan schedule from the 'Statements' section under 'Personal Loans' on the dashboard of the digibank by DBS menu.

Personal Loans In Mumbai

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Mumbai is the country’s business and entertainment capital, famous for its go-getting attitude, and suburban trains that ferry millions of commuters to and from work. A city which draws people from across the country with their dreams of a better life.

If you are a Mumbaikar, let’s help you fulfil your dream of a better life. Whether you live in a rented apartment or your own glittering high-rise flat, DBS Bank personal loans in Mumbai can help you with your aspirations. You can apply for a personal loan online for a variety of reasons. These could be any of these, a down payment on a new apartment, a beauty treatment just before your wedding, or even a holiday abroad. Whatever be your reason, you can always rely on DBS Bank personal loans.

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Features & Benefits of DBS Bank Personal Loan in Mumbai

A DBS Bank Personal Loan in Mumbai offers a smooth and efficient borrowing experience through a fully digital platform and minimal documentation.

The application process is entirely online, with no need for physical paperwork or branch visits.
Eligible customers receive instant disbursal of funds directly into their Savings account.
Loan amounts available from ₹25,000 to ₹15 lakh
Repayment periods between 12 and 60 months
Competitive interest rates starting at 10.99%.
The EMI calculator helps in selecting the most suitable tenure and repayment structure.
A fixed interest rate throughout the loan term allows for consistent and predictable budgeting.
The full loan amount is credited at once, with processing charges and taxes deducted upfront.
Borrowers can track and manage their personal loan in Mumbai easily through the DBS digibank app.

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Personal Loan EMI Calculator

Get an estimate of your monthly repayment, using the Personal Loan EMI Calculator you just have to enter the loan amount, interest rate, and tenure. It’s a simple way to choose the best repayment plan that suits your budget.

Documents Required for a Personal Loan in Mumbai

Applying for a DBS Bank Personal Loan in Mumbai is simple and paperless. All required details are submitted digitally through the DBS digibank app or the website.

Enter accurate personal information during the application process.
If the loan amount exceeds your pre-approved limit, upload recent bank statements (excluding DBS Bank accounts).
No salary slips, income tax returns or additional income proof are required.

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Uses of Personal Loan in Mumbai

DBS digibank offers instant loans online in Mumbai, making it easy to access funds for a wide range of needs:

Marriage Loan: Finance your wedding expenses without any hassle
Home Renovation Loan: Upgrade your home with a loan suited for renovations
Consumer Durable Loan: Buy household appliances and gadgets with easy repayment options
Medical Loan: Cover unexpected medical expenses and treatments with the help of instant loans online
Travel Loan: Fund your dream vacation with affordable EMIs

How to Apply for a Personal Loan in Mumbai

Here’s how to apply for a personal loan in Mumbai with DBS Bank:

Step 1: Click on ‘Apply for Personal Loan’

Step 2: Enter your personal details, PAN, and Aadhaar for verification

Step 3: Specify your preferred loan amount

Step 4: Complete the online KYC verification

With DBS Bank, you can apply personal loan online through a fully digital application. Once approved, the amount will be credited directly to your account.

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Frequently Asked Questions

What is DBS Bank's Personal Loan Interest Rate in Mumbai?

DBS Bank offers personal loan interest rates starting at 10.99% per annum, depending on your eligibility and loan tenure. The rates are fixed throughout the loan term, providing predictable monthly payments.

Who can avail of a Personal Loan in Mumbai?

To avail of a personal loan from DBS Bank in Mumbai, you must:

Be an Indian citizen
Be between 22 and 60 years old at loan maturity
Earn a minimum monthly income of ₹25,000
Be salaried or self-employed

Use the Personal Loan Eligibility Calculator to quickly check your eligibility online.

Why should you choose DBS Bank's Personal Loan in Mumbai?

Choose DBS Bank's Personal Loan in Mumbai for competitive rates, instant disbursal, and a fully digital process. Use the Personal Loan Eligibility Calculator to check your eligibility instantly. DBS Bank also offers personal loan for self employed individuals, making financing accessible across different income types. Use the Personal Loan Eligibility Calculator to quickly check your eligibility online.

How much can I borrow when I apply for a personal loan in Mumbai?

You can borrow between INR 25,000 and INR 15 lakh, depending on your eligibility, income, and other financial factors. The exact amount will be determined after assessing your application.

How long does it take to get personal loan in Mumbai?

Once your application is complete, DBS Bank initiates the account verification process. After loan approval, the amount (minus processing fees and taxes) is credited directly to your Savings account. Note that part-disbursement is not available, so you receive the full loan amount once sanctioned.

What are the fees and other charges?

DBS Bank offers transparent personal loan terms. Key charges include a processing fee of 1%–2.5%, foreclosure/part-prepayment charges after 12 months, and penal interest on overdue EMIs. EMI start dates depend on disbursal date. Check the fees and charges page for full details.

How do I get my loan repayment schedule?

After you take a personal loan in Mumbai from DBS Bank, download the repayment/loan schedule from the 'Statements' section under 'Personal Loans' on the dashboard of the DBS Bank menu.

What if I decide against the loan after sanction?

Loan cancellation can only be done during the three-day ‘free look’ period from the disbursal of the loan. There are no cancellation charges, but the processing fee and applicable taxes collected will not be refunded.

**All loans will be given out at the sole discretion of DBS Bank India Limited.

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