Personal Loan

Personal Loan In Mumbai – Mira Bhayandar – Check Eligibility & Apply Online


Mira Bhayandar is a municipality fed mainly by the Vasai Creek in the Thane district. It has been a residential area since its inception. One would, therefore, find a blend of old and modern architecture throughout Mira Road East and Bhayandar. In recent years, the number of high-rise societies has grown quickly. This is because of the good weather and the fact that there are plans for suburban railways and a metro line. It is, therefore, the best time to buy or rent a home here or get an old home renovated. A loan is the most economical option in such a scenario. Piramal Finance is the best platform to obtain a personal loan in Mumbai – Mira Bhayandar.

Experience a hassle-free, quick, and easy loan procedure at Piramal Finance, with no pre-payment or foreclosure fees. Get in touch with their team of knowledgeable advisors, who help eligible applicants through the whole application process. They guarantee prompt approval and deposit it into the latter’s account.

What is a personal loan?

An unsecured loan given without any form of security, similar to credit cards, is called a personal loan. Since personal loans are provided in good faith, the lender assesses a higher interest rate. Different lenders have varying interest rates for personal loans. The rate ranges from 8% to 30%, based on factors like creditworthiness, loan length, and loan purpose.

Although personal loans come with a higher rate of interest than (many) loans like a home loan or a car loan, they help when it comes to emergencies.

Types of personal loans

To obtain a personal loan in Mumbai – Mira Bhayandar, you must be looking for either of the following:

  1. Travel loan

One might wish to explore the Salsette island adjacent to Vasai Creek and stay there for a month. What if the hotel rates are soaring? What if food is not easily accessible or off-budget? There’s no need to cancel or delay the trip. Piramal Finance offers travel loans and loans for second homes with interest rates as low as 10.5%.

  1. Home renovation loan

Mira Bhayandar has an equal share of old and new residential colonies and societies. Most of the older ones are in poor condition, at least in the interiors. You would want your newly bought or rented flat to be a better place to live in or, at least, on par with your neighbours and guests. Why not get a quick home renovation loan at a minimum rate of 10.5% PA?

  1. Wedding loan

In India, a wedding is more important than birth or death. People tend to spend the most on this occasion, whatever their economic status might be. Nowadays, there is a trend of pre-wedding shoots that cost almost as much as the wedding. To meet these mammoth expenses, a wedding loan must be the first step.

  1. Festival loan

Be it Eid-ul-Adha or Bestu Varsa, Mira Bhayandar is forever festive. Some people might flinch from investing in fireworks and food due to a lack of immediate funds. Why stay aloof and not be a part of society when it is the easiest to avail of a personal loan in Mumba – Mira Bhayandar?

  1. Medical loan

Hospital charges and the cost of medicines are unpredictable and can never be budgeted. Government hospitals are always full, and private clinics seem unaffordable. But you can’t wait in a medical emergency. You can avail of a personal loan in Mumbai- Mira Bhayandar of up to Rs 25 lakhs for 5–6 years from Piramal Finance to pay for lab tests at Metropolis, for instance.

Features of a personal loan

  • The debtor has to pay zero prepayment and foreclosure charges.
  • Loans can be taken for between Rs 1 lakh and Rs 10 lakh.
  • Minimum documentation is required.
  • Quick sanctions and instant disbursals save time.
  • Monthly EMIs are always within the borrower’s budget.
  • One can avail of a repayment tenure, flexible between 12 months to 60 months.
  • Piramal Finance allows the clubbing of incomes for higher loan eligibility.

Who is eligible for a personal loan in Mumbai – Mira Bhayandar?

  1. Salaried employees

For those who belong to either of the following: government institutions, private sector, public sector, MNCs or related companies, partnership firms, or proprietorship concerns, the requirements are:

  • Age ranges from 21 to 60 years.
  • Income should be Rs. 25,000 per month and above.
  • Work experience should be a minimum of six months in the current organisation.
    1. Self-employed
  • Age must be between 23 and 70 years.
  • Employment: a. Professionals like doctors (MBBS, MD, or MS), CAs, or architects are eligible.b. Non-professionals like business owners, partners, proprietors, or promoters/directors of private and public limited companies can apply.

Procedure to apply for a personal loan in Mumbai – Mira Bhayandar

The easiest procedure to apply online for a personal loan involves logging onto Piramal Finance’s official website.

  1. Visit Piramal Finance and select Personal Loan from the main menu.
  2. Select “How to Apply” or scroll down and find the same heading.
  3. Click the link under “How to Apply.” A dialogue box will pop up. It is a form called Quick Apply.
  4. Fill out the required fields and enter the captcha (you aren’t a robot!).
  5. For your reassurance, read the website usage and privacy policy before checking or ticking.
  6. Click “Submit” to get in touch with a relationship manager.


An eligible applicant never goes empty-handed once you have your requirements. Piramal specialises in housing and housing-related loans, apart from personal or business loans for beginners or small-scale investors.

If this blog/article has been enlightening enough, especially if a personal loan in Mumbai – Mira Bhayandar is sought after, please log on to Piramal Finance. The experts are ready to help you in the best way possible, based on your needs and qualifications.