Bikesh Finserv
Bikesh Finserv Personal Loan — young professional using a smartphone
Personal Loan

Funds when you need,freedom when you want.

Get quick personal loans with minimal paperwork and flexible repayment options.

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Rates, fees, and disbursal timelines are indicative and may vary by lender, profile, and loan amount.

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Personal Loan Calculator

Adjust loan details and see your EMI, charges, and full repayment summary update instantly.

Personal Loan Calculator
All figures update in real time as you change inputs.
₹5,00,000
₹1,00,000₹25,00,000
36 months
12 months84 months
10.49%
10%24%
Balanced rates with predictable EMIs and standard processing.

Monthly EMI

₹16,249

per month

Loan Summary
Requested Loan Amount₹5,00,000
Processing Fee₹10,000
GST on Processing Fee₹1,800
Total Charges₹11,800
Amount Disbursed₹4,88,200
Interest Rate10.49%
Tenure36 Months
Monthly EMI₹16,249
Total Interest Payable₹84,959
Total Amount Payable₹5,84,959

Why choose us

Why Choose an Online Personal Loan in 2026?

Those days are gone where we used to stand in long bank queues along with a thick file of documents, but today, you can apply for a personal loan completely online from your phone or laptop and receive funds directly in your bank account within 30 minutes to 4 hours.

What is a personal loan?

A personal loan is an unsecured loan; it means that you need to deposit your collateral or any security to borrow money. Usually, banks and NBFCs lend funds based on your income, credit profile, and repayment capacity. You receive the funds as a lump sum amount and repay in fixed monthly EMIs over a chosen tenure. Personal loans are one of the most flexible financial products that are available because there are no end-use restrictions. You can use those funds for virtually any purpose.

Key Benefits of Online Personal Loan Applications

  • 100% Digital: No branch visits, no physical paperwork
  • Instant Eligibility Check: Know your loan eligibility in under 2 to 5 minutes
  • Quick Disbursal: Funds credited within 30 minutes for pre-approved applicants
  • Transparent Process: No hidden charges, no surprise fees
  • Multiple Lender Access: One application, you can compare across top banks and NBFCs for getting the best approval

Personal loan Interest rates In Mumbai

The interest rate on your personal loan depends on the lender, your CIBIL score, income, and employer category. Here is a current comparison:

Lender typeInterest rate (p.a)Processing fees
Top Private banks9.97% – 12.00%0.5% – 1%
Public sector banks10.50% – 14.00%1% – 2%
NBFCs10.25% – 18.00%1% – 3%

NOTE: Interest rates are indicative and subject to change. Contact Bikesh Finserv for current rates.

Unlike most intermediaries, Bikesh Finserv offers Up to 100% cashback on processing fees which saves you thousands upfront.

Personal loan eligibility criteria

Before applying to any personal loan, you should clarify whether you come into this eligibility criteria of taking personal loan.

ParametersSalaried employeesSelf employed
Age21–60 years25–60 years
Minimum incomeRs. 20,000/month (Metro)Rs. 25,000+/month (Net profit)
Work / Business stability1–3 Years of total experience2+ Years of experience
CIBIL Score750+ (recommended)700+ (recommended)
Employment typeMNCs, PSUs, Government sector, PrivateProprietors, Partner and freelancer

Factors That Improve Your Loan Eligibility

  • Employer Category: Working at an MNC, PSU, or government body allows you to get the best rates and higher loan amounts
  • Salary Account Relationship: Having a salary account with the lending bank increases your approval probability
  • Past Relationship: Previous loans with no defaults and a good CIBIL score significantly improve your profile
  • Clean Credit History: No missed EMIs, no settled accounts, no write-offs, and no defaulters make your chances high to get loans at a better rate

Personal Loan for Self-Employed Individuals

If you are a self-employed person, whether a freelancer, business owner, consultant, or professional, it can feel more challenging for you to get the approval of a loan than a salaried employee, but with the right lender and documentation, it is absolutely possible.

How to Strengthen Your Self-Employed Personal Loan Application

  • Show consistent and recurring income: Submit ITR for the last 2–3 years showing stable or growing income
  • Maintain a Good CIBIL Score: 700+ is the minimum, and 750+ to get better rates
  • Maintain a Clean Bank Statement: Avoid frequent overdrafts, bounced checks, or large unexplained credits
  • Apply Through an NBFC: NBFCs are more flexible than banks for self-employed borrowers

Personal loan for low credit score: Is it possible?

Yes! Most people think that they are not eligible to make loans due to their low credit scores. But most of the NBFCs offer personal loans for low credit scores. At Bikesh Finserv, we evaluate your overall financial portfolio and help you get quick approval from top banks and NBFCs with minimum documentation.

Options for Borrowers with Low CIBIL Score

  • Apply via NBFCs: Non-Banking Financial Companies have more flexible credit norms than traditional banks and often approve applicants with scores between 600 and 700
  • Show High Income: A strong monthly income can compensate for a lower credit score
  • Add a Co-Applicant: Adding a spouse or family member with a higher CIBIL score improves approval chances
  • Offer Collateral: Some lenders offer secured personal loans (property or gold) if you have a low CIBIL score

How to Improve Your CIBIL Score Before Applying

  1. 1.Pay all credit card bills and EMIs on time; this will improve your creditworthiness and your CIBIL score.
  2. 2.Do not apply for multiple loans simultaneously; it will adversely affect your CIBIL score.
  3. 3.Check your credit report for errors at CIBIL.com and check the inaccuracies.
  4. 4.Maintain a mix of secured and unsecured loans in your credit history; this will create a good image in the eyes of the lender.

Documents Required for Personal Loan in Mumbai

Whenever you are applying for a personal loan, the first important thing is the important documents; those documents play a very key role in determining the accuracy of the approval of your loan amount.

For Salaried Individuals

  • Aadhaar Card and PAN Card
  • Last 3 months' salary slips
  • Bank statements of last 3 to 6 months
  • Address proof (only when it is different from the Aadhar card)

Simple process

How it works?

From eligibility check to funds in hand — a seamless digital journey.

Step 01

Check Eligibility

Fill in your basic details and see your loan offer in seconds.

Step 02

Choose Loan Offer

Pick the amount and tenure that perfectly fits your needs.

Step 03

Get Funds

Approved! Your loan is disbursed directly to your account.

Type of personal loan

Instant Personal Loan for Every Purpose

One of the biggest advantages of a personal loan is its tendency towards flexibility; you can apply for personal loans for any emergencies and any needs.

PurposeTypical amountWhy personal loan works best
Medical emergencyRs. 50,000 – 10 lakhFastest Disbursal, Funds in 30 minutes
Marriage/weddingRs. 2 Lakh – 25 lakhNo collateral, flexible tenure upto 6 years
Home renovationRs. 1 lakh – 20 lakhNo need to mortgage property
TravelRs. 50,000 – 5 lakhQuick apply, repay in Easy EMIs
EducationRs. 50,000 – 10 lakhImmidiate disbursement
Shopping/ElectronicsRs. 20,000 – 3 lakhZero cost EMIs option via NBFCs partners

You can use those funds for virtually any purpose:

  • Medical emergencies and hospital bills
  • Wedding and marriage expenses
  • Home renovation and interior design
  • Travel and vacation

Personal loans also cover financial goals and everyday needs:

  • Higher education or skill development
  • Debt consolidation: paying off high-interest credit cards or existing loans
  • Consumer purchases: electronics, appliances, gadgets

Loan amounts

Personal loan by amount

Choose the loan amount that fits your need — each page includes EMI tables, eligibility, lender comparison, and FAQs for that amount.

5 Lakh10 Lakh15 Lakh20 Lakh25 Lakh30 Lakh40 Lakh50 Lakh

Got questions?

Frequently Asked Questions

You can get a personal loan up to ₹25 Lakhs depending on your eligibility.

Interest rates start from 10.49% p.a., depending on your credit profile and income.

The maximum repayment tenure is 60 months (5 years).

Basic KYC documents (Aadhaar, PAN), last 3 months salary slips, and bank statements are typically required.

Once approved, funds are disbursed to your account within 24–48 hours.

Still have questions?

Our support team is here to help you at every step.

Contact Us