Business Loan in Mumbai

Check business Loan Interest Rates of All Major Banks of mumbai Instantly
Bank Name
Floating Interest rate
Processing Fee
14.00% per annum
2.50%
Incred Finance
18%
upto 5% of the loan amount
15 % to 22 %
upto 3.00% of the total loan amount + Service Tax
HDB bank
13.99%
upto 2% of loan amount.
13% to 16% per annum.
upto 2 % of the Loan Amount
Federal Bank
8.9% to 14%
upto 3% of the loan amount
19 %
upto 2.75% of the loan amount + GST
MUFIN FINANCE
13% to 22%
2% of the loan amount
Zip Loan
16 %
2 %
Neo Growth
18% to 24%
upto 2% of the loan amount
18% to 28%
upto 2% of the loan amount
12.6%- 15.60%
1.8% + taxes
Vistaar finance
15 % to 25 %
upto 2% of the loan amount
14.25% onwards
upto 2% of loan amount + applicable taxes
ICICI
16.49%
upto 2% (plus applicable taxes)
18 to 25% p.a.
upto 3% of the loan amount
18% onwards
upto 3% of loan amount
16.00% per annum
Maximum 3% of the Loan I Facility Amount (plus GST
15.65% onwards
upto 2.50% of loan amount
18% onwards
upto 3% of loan amount
Aditya birla
17.00% - 26.00%
2% of the loan amount
RBL BANK
20.00% per annum,
3% of loan amount
14.10% per annum
upto 1%
ABOUT BUSINESS LOAN IN MUMBAI

We aim to create a robust alternative credit ecosystem in the country. For this, we are digitizing the finance functions. Anywhere and everywhere – you can Apply for a Business Loan with just a few clicks.

Now, you can compare and make a wise choice for the best Business Loan in mumbai also. We bring forth a myriad of options from best banks and NBFCs for your convenience. It’s simple! Choose your desired product and win amazing assured cash backs up to ₹ 5000 on loan disbursal.

Eligibility Criteria for Business Loan in mumbai

No worries for strict eligibility conditions. We tie-up with all the best lenders in the mumbai and help you with flexible eligibility criteria. Self-employed/professionals – hope you meet the following eligibility parameters.

  • Applicants should own a business or engaged in practice since at least 1 year
  • Self-employed applicants should be between 25 to 60 years
  • Having net monthly income of Rs. 22,000
  • Turnover of minimum Rs 20 lakhs
  • Your ITR income should be equal to or above Rs 2,50,000
  • The firm should have been incorporated at least 2 years before

Documents Required for Business Loan in mumbai

We leverage existing and emerging technologies to offer you the complete digitalized process. Upload the required documents; it will take a few minutes.

  • Identity Proof – Pan Card/Driving License/Passport/Voter ID Card
  • Address Proof – Telephone or ElectrmumbaiBill/Ration Card/Lease Agreement/Trade License/Sales Tax Certificate
  • Bank Statement – for the last 6 months statements
  • Mandatory Documents – Memorandum & Articles of Association/Sole Proprietorship declaration (Business Certificate)
  • Audited Financials – of last 3 years, signed by a C.A
  • IT Returns – for the last 2 years

Benefits & features of taking Business Loan in mumbai

Taking a business loan is an indispensable decision in one’s life. At mumbai, we have a plethora of options with added benefits. Everything is online – you don’t need to visit the bank.

Get ready to leverage the following benefits –

  1. Instant Approval – Yes. SBI, ICICI, HDFC, IIFL and other players are offering instant paperless business loan approval. Apply at Afinoz, and we will help you avail the Business Loan at best rate.
  2. High Eligibility – Within a just few minutes, we will assess your business loan eligibility and suggest you the best available options in mumbai. Our process is driven by automated technologies, and we help you get low EMI business Loan
  3. Balance Transfer – We will make you pay your EMI easily by reducing your debt amount. Transfer your Business Loan balance to save on money. Some lenders charge fee for a balance transfer.

Have a few clicks on our EMI Calculator and get your business loan EMI in quick time.

ABOUT MUMBAI

Mumbai is a city known as the city where dreams are made and fulfilled. The city is famous from the railway platforms to the famous Dabbawalas, multi-millionaires to suburban slums. From the dazzling Bollywood to the quintessential vada pav, bhel puri, and sev puri, Mumbai is the capital city of Maharashtra an Indian state.

Mumbai is the house of three UNESCO World Heritage Sites including the Chhatrapati Shivaji Maharaj Terminus, Elephanta Caves, and the city's distinctive ensemble of the Victorian and Art Deco buildings. The top famous tourists places in Mumbai are Marine Drive, Gateway of India, Colaba Causeway, Juhu Beach, Siddhivinayak Temple, Hali Ali Dargah, Elephant Caves, Girgaum Chowpatty, Bandra Worli Sea Link, Chhatrapati Shivaji Teminus, Prince of Wales Museum, Chhatrapati Shivaji Maharaj Terminus, Essel World, Film City, Sanjay Gandhi National Park, Global Vipassana Pagoda, Kanheri Caves, Mahalaxmi Temple, Hanging Garden and many other places

TOP LOAN PROVIDERS IN MUMBAI
ABOUT INDUSIND BANK, MUMBAI, Maharashtra

Indusind Bank Limited is a new generation private bank. Established in 99, the bank is headquartered in Mumbai, India. It stands tall today as one of the reputed banks in the country. Indusind Bank operates more than 000 branches and over ,800 ATMs spread across the country. It also has representative offices in London, Dubai and Abu Dhabi.

Bank Details
Product

The bank provides various banking solutions to individuals, NRIs, business owners, corporate, government and financial Institutions. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and other Banking Operations segments. The bank offers current, savings, defense, corporate salary, and RFC accounts; and fixed deposits, recurring deposits, young saver deposits, as well as Rupee multiplier products.

Banking

Reasury Corporate/Wholesale Banking, Recurring deposits, Corporate salary, Rupee multiplier products. Retail Banking Young saver deposits, Urrent, savings, defense,and RFC accounts Fixed deposits Mutual funds My Account Number Quick Redeem Services and 0 Days banking. Choice Money ATMs Direct Connect Cash-on-Mobile Check-on-Cheque

Loans

Home loan Gold loans Business loan. Kisan loans Term loans Induind Kisan loans Loan against property Two wheeler Personal Car loan Education loan

Cards

Credit cards

ABOUT RBL Bank Limited, MUMBAI, Maharashtra

RBL Bank (Ratnakar Bank Limited) is one of the fastest growing private sector banks in India, headquartered in Mumbai, Maharashtra. Established in August 9, currently the bank operates through a network of branches, 99 banking outlets and 9 ATMs spread across 0 Indian states and union territories. In August 99, the bank obtained Scheduled Commercial Bank status. It is listed on both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

Bank Details
Product

Corporate & Institutional Banking Commercial Banking Branch & Business Banking Agri Business Banking Development Banking and Financial Inclusion Treasury and Financial Markets Operations Savings accounts Current accounts Fixed deposits

Insurance

Life Insurance General Insurance Health Insurance

Banking

SMS Banking Online Banking Mobile/Phone Banking

Popular Product

Corporate & Institutional Banking Commercial Banking Branch & Business Banking Agri Business Banking Development Banking and Financial Inclusion Treasury and Financial Markets Operations Savings accounts Current accounts Fixed deposits

Loans

Home loans Personal loans Business loans Education loans Auto loans Loans against property Overdrafts against property Loans against deposits Gold metal loans Working capital finance

Cards

Mastercard Credit Card

Branches of RBL Bank Limited in MUMBAI
ABOUT ICICI BANK LIMITED, MUMBAI, Maharashtra

ICICI Bank is an Indian multinational bank and financial services company. Headquartered in Mumbai, India, the bank currently has a network of ,87 branches and , 7 ATMs across India. The bank became the first Indian bank to list on the New York Stock Exchange in 000. It is India’s largest private sector bank with total consolidated assets of Rs. ,.8 billion (US$ 7. billion) as on March 08.

Bank Details
Product

Account Savings Accounts -in- Account Salary Account PayLater by ICICI Bank Pension Accounts EEFC Account Outward Remittance Child Education Plan New Pension Scheme Agri & Rural Farmer Finance Instant Gold Loan Agri Traders & Processors Agri Corporates Tractor Loan Micro Banking Forex

Insurance

ICICI Lombard ICICI Pru Heart/Cancer Protect ICICI Pru iProtect Smart Car Insurance Pradhan Mantri Jeevan Jyoti Bima Yojana

Banking

Internet Banking Mobile Banking Pockets

Popular Product

Account Savings Accounts -in- Account Salary Account PayLater by ICICI Bank Pension Accounts EEFC Account Outward Remittance Child Education Plan New Pension Scheme Agri & Rural Farmer Finance Instant Gold Loan Agri Traders & Processors Agri Corporates Tractor Loan Micro Banking Forex

Loans

Home Loan Car Loan Personal Loan Education Loan Gold Loan Loans Against Securities Commercial Business Loan Pradhan Mantri Mudra Yojana Stand-Up India Scheme Two Wheeler Loans Business Loan

Cards

Credit Card Coral Rubyx Sapphiro Emeralde Diamant MakeMyTrip Jet Airways HPCL Ferrari Manchester United Platinum Amazon Pay Unifare Metro Debit Card ICICI Bank Coral+ International Debit Card ICICI Bank Sapphiro International Debit Card ICICI Bank Rubyx International Debit Card ICICI Bank Coral Paywave International Debit Card Manchester United debit card Manchester United Coral debit card Manchester United Sapphiro Debit card Prepaid Cards Reimbursement Card Memento Gift Card PayDirect Card Pockets, the Digital bank Multi Wallet Card Gift Card Meal Card Travel Card

ABOUT YES BANK, MUMBAI, Maharashtra

Yes Bank Limited is India’s fourth largest private sector bank headquartered in Mumbai, Maharashtra, India. Established in 00, the bank primarily operates as a corporate bank, with retail banking and asset management as subsidiary functions. As of March, 08, the bank had a network of ,00 branches; national operating centers; and ,7 ATMs and bunch note acceptors.

Bank Details
Product

The bank also offers retail banking solutions such as personal, secured business, home, construction equipment, car, super bike, commercial vehicle, gold loans, and loans against securities; business banking services to micro, small, and medium enterprises; and health care and printing equipment finance.

Banking

Working capital finance Term loans Corporate finance Liquidity management Salary account Fixed deposit account Savings account Ordinary account

Loans

Personal loan Secured business loan Home loan Construction equipment loan Car loan Super bike loan Commercial vehicle loan Gold loans Loans against securities MSME Loan Health care equipment finance Printing equipment finance

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