Business Loan in Mumbai

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

State Bank of India (SBI) is India’s multinational public sector banking and financial services company. SBI was established in 80 and is headquartered in Mumbai, Maharashtra. The bank is the largest bank in India with a % market share in assets. State Bank of India operates a network of , branches and 9, ATMs in India and internationally. SBI operates through Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business channels. It extends a comprehensive range of banking products and services to individuals, commercial enterprises, corporates, and government bodies, and institutional customers in India and internationally. Its personal banking services include current accounts, savings accounts, term and recurring deposits; personal, home, auto, and education as well as loans against property and securities; and wealth management, demat, ATM, foreign inward remittance, safe deposit locker, public provident fund, money transfer, and pension policy, as well as cards and inflation indexed national savings securities cumulative bonds. It also provides corporate banking services including corporate accounts, working capital and project finance, deferred payment guarantees, corporate term loans, structured finance, dealer financing, channel financing, equipment leasing, loan syndication, financing Indian firms overseas subsidiaries or JVs, and construction equipment loans. In addition, the bank offers NRI services, such as accounts and deposits, remittances, investments, and loans; agricultural banking and micro credit to agriculturists and farmers; loans, supply chain finance, and deposits and transaction banking services for SME customers; and international banking services.

Bank Details
Product

Banking, Loans, Deposit

Insurance

Individual Insurance: Sbi life- eshield, Sbi life - poorna suraksha, Sbi life - sampoorn cancer suraksha, Sbi life- elncome shield, Sbi life- smart shield, Sbi life - saral Shield, SBI Life - Saral Swadhan +, SBI Life- Smart Swadhan Plus, SBI Life - Grameen Bina. Corporate Insurance Plan: SBI Life - Kalyan ULIP Plus, SBI Life- CapAssure Gold, SBI Life - Gaurav Jeevan, SBI Life- Pradhan Mantri Jeevan Jyoti Bima yojana, SBI Life- Sampoorn Suraksha

Banking

MoBile Banking, Internet Banking, Wholesale Banking, Retail Banking

Loans

Personal Loans, Car Loan, Loan Against Property, Education Loan, Housing Loans, Gold Loans, Corporate Term Loans

Cards

SBI Card ELITE, SBI Credit Cards, Air India SBI Platinum Card, Air India SBI Signature Card, SBI STYLEUP Contactless Credit Card, IRCTC SBI Platinum Card, Doctor's SBI Card, SBI Card ELITE Advantage

Branches of STATE BANK OF INDIA in MUMBAI
COMMERCIAL BRANCH MUMBAISBINNEFTSERVICECENTRERASMECCC, MUMBAIINTEGRATED TREASURY MUMBAIRASMECCC,BHAYANDARNATIONAL AUTOMATED CLEARING HOUSE MUMBAIRACPC SIONRBO SIONRBO BORIVALIDAU UNITLINK OFFICESERVICE CENTRETFCPC MUMBAIDEDICATED ACCOUNTING UNITTHAKUR COMPLEX ,KANDIVALI BRANCHPORTUGESE CHURCH, DADAR BRANCHMITTAL COURT TOWER-II, NARIMAN POINT BRANCHSERVICE BRANCH, MUMBAISAHAKARGRAM ,KANDIVALI(E) BRANCHMARVE ROAD, MALAD BRANCHSTERLING CENTRE,WORLI BRANCHEMPIRE HOUSE, FORT BRANCH MUMBAIBHULESHWAR, MUMBAISMECC PRABHADEVISBH INTEGRATED TREASURY BRANCHSBIINTOUCH MARINE DRIVESBIINTOUCH GOREGAON EASTSBIINTOUCH SION CIRCLE,SIONSBIINTOUCH MATUNGA MARKET, MATUNGASBIINTOUCH SANTACRUZ WESTPROJECT FINANCE BRANCH, MUMBAISAKI VIHAR ROADEWEALTH CENTRE, MUMBAIPOWAI MARKET, POWAI, MUMBAIRACPC ANDHERI WESTNAHUR WESTSUBHASH ROAD VILE PARLE EASTSTATION ROAD VILE PARLE WPBB GOREGAON WESTMERC ACQUIRING BUSINESS VERTICALNARAYAN NAGAR BRANCH, GHATKOPAR WESTHARIOM NAGAR BRANCH, MULUND EASTDEVIDAYAL ROAD BRANCH, MULUND WESTNANCY COLONY BORIVALI E BRANCHM.G.ROAD BORIVALI EASTGOLIBAR ROAD, SANTACRUZ EASTKHIRA NAGAR SANTACRUZ WEST BRANCH,BHARAT DIAMOND BOURSEJANKALYAN NAGARZONAL OFFICE, MUMBAIWORLI JUHUMUMBAI CENTRALNAVI MUMBAI ZONE IIICAG, BRANCH II MUMBAINRI BRANCH, CHEMBURSMECC, BORIVALICORE POWER, PORTUGUESE CHURCHVAISHALI NAGAR, MULUND WESTKALINACOMMERCIAL BRANCH, SAKI NAKAKEM HOSPITAL CAMPUS BRANCH, PARELSPECIALISED MICRO FINANCE BRANCH, DHARAVIRBO VII SCE2 MUMBAIRBO V, MUMBAIRBO II, MUMBAIRBO I, MUMBAIREGIONAL BUSINESS OFFICE VI MUMBAIRBO III, MUMBAIYOGI NAGARIBG ACCOUNTING UNIT MUMBAIMAHAVIR NAGAR, MUMBAISANTACRUZ EASTJUHU VERSOVA LINK ROADLOKHANDWALA BRANCHMAKER CHAMBERS IIIMUNDHWADOCUMENT ARCHIVAL CENTRE, MUMBAICAC ANDHERI (E)MID CORPORATE GROUP CORPORATE CENTER 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 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
Helpline Number
+91-11-23978046
Covid 19
Global
0
Covid 19
India
0