Quick & Easy Business Loans in Mumbai
Grow more in Mumbai as we provide funds for all your business needs!
Mumbai is a hub for people who want to start their own business. It is the city for commercial and financial capital of India. Mumbai has major branches of banks as well as big NBFCs that cater to the financial needs of the people to grow their business. Every start up needs a business loan from loan providers to meet the necessities of the business. Mumbai is a fastest growing city with huge opportunities from diversified sectors. As the financial capital, there is a scope to seek funds from the right financial firms any number of times to sustain or expand the business.
If you require a business loan in Mumbai, then you can approach to NBFC and Bank’s like SBI, HDFC, ICICI, Citi Bank, Capital First SBI, and Axis etc. You may contact to number of private lenders in markets who can dole out instant loans to finance as per your requirements. Fynamics is also Top Unsecured Business Loan & business Finance providers in Mumbai.
|Product Features||Business Loan||Loan Against Property|
|Maximum Loan amount||15 Lac to 5 Cr.||Up to 75% of the property value|
|Loan Tenure||1 year to 15 years||5 years to 15 years|
|Interest Rate||13.50% onwards||9.0 % To 12.50 %|
Fynamics is the best business loan provider in Mumbai that helps you to find the best unsecured loans at lowest rates possible. Most of the NBFCs have a strict criteria when it comes to providing a business loan in Mumbai. To get the loan approved you need to submit a certain set of documents to complete the process without any hassle. We remain committed to final outcome which directly reflects to our customer relationships. If you require a business loan in Mumbai, then you can approach to NBFC and Bank’s like SBI, HDFC, ICICI, Citi Bank, Capital First SBI, and Axis etc. You may contact to number of private lenders in markets who can dole out instant loans to finance as per your requirements. Fynamics is also Top Business Loan & business Finance providers in Mumbai.
Eligibility criteria for acquiring Business Loans
- Type of the business – Should be self-employed individual, a Partnership firm, Proprietor firm, or Private Ltd. Co.
- The experience into current business should be of a minimum 3 years
- Total turnover of the business
- Age limit from 21 years to a maximum of 65 years.
Several banks and NBFCs have different eligibility criteria depending upon what is your business and what is the loan amount that you are looking for. Even the money lender would check on everything before lending the money.
Fynamics is mainly focused on providing unsecured business loans for small-scale businesses, urban and MSMEs. We are an authorized channel partner of MBFCs and many major financial banks. We give utmost care to all our clients who approach us for availing business loans for various sectors such as manufacturing units, real estate, packaging and materials, pharma industries and many other companies.
There are various factors that affect business loan interest rates such as:
· Nature of business
· Monthly turnover
· Existence of the business
· Credit score
· Type of lender
Why does one need a business loan?
To start any business, a business owner need funds to sustain. To meet the requirements of the business goals, financial companies like us can help you borrow certain amount of loans for a limited period of time on interest and repayment terms. There are also secured business loans that have low EMI rates.
Types of Business Loan Available in Mumbai
- Short Term Loan at certain repayment schedule
- Business Credit Line, a revolving credit facility that can be withdrawn anytime when needed
- Invoice financing is a loan taken in against to the amount which is due from the customers.
- Equipment Financing is specifically applied to buy equipment or machineries
- Loan against shares or securities are the mutual funds and insurance policies that can be pledged to raise a loan
Business Loan Documents in Mumbai
|1 Photograph of Co-Applicant||Yes||Yes|
|Income Document||IT Returns, Balance Sheet & P/L Account statement for the last 2 years with Annexure||IT Returns, Balance Sheet & P/L Account statement for the last 2 years with Annexure|
|Bank Account Statements||For last 12 months||For last 3 months|
|KYC documents of Co-applicant||Yes||Yes|
|Business Proof||Certificate of Practice||MOA, AOA/ Partnership Deed/ Shop Act License|
Unsecured Business Loan Interest Rates in Mumbai
|Product Features||Loan Against Property||Unsecured Business Loan|
|Maximum Loan amount||Up to 60% of the property value||Rs. 10 lakhs to Rs. 5 crore|
|Loan Tenure||5 - 15 years||1-3 years|
|Interest Rate||13.50% – 15%||13.50% onwards|
Bank & NBFC Offering Business Loans in Mumbai
There are many top Non-Banking Financial Companies and the line Banks who are offering Business Loans in Mumbai. SBI, HDFC, etc. and Bajaj Finserv and Capital Float are few of all the major banks among NBFCs in this city.
HDFC Bank Business Loan Mumbai
It is the largest private sector bank in the country and operates in Mumbai in approximately about 87 branches. HDFC offer among the best business loans in India, with have complete transparency and competitive interest rates. HDFC business loans do not require any security.
Kotak Bank Business Loan Mumbai
Simple documentations, Quick & hassle-free process, Loan tenure 2 to 5 years
Bajaj Finserv Business Loan Mumbai
A well known and one of the largest NBFCs in India. With low interest rates and flexible repayment options, business loan by Bajaj Finserv can give the much needed boost to your business.
Tata Capital Business Loan Mumbai
Tata Capital provides Loans for Business without security, and loan disbursement within 3 business days. Avail Unsecured Business Loans with no collateral.
ICICI Bank Business Loan Mumbai
ICICI bank is the second largest private sector bank in India which has approximately about 48 full and part service branches in the city of Mumbai. ICICI Bank provides loans to small business so that they get timely finance and make most of business opportunities.
Axis Bank Business Loan Mumbai
Axis Bank is the third largest bank in the country in the private sector and operates about 39 branches in the city of Mumbai.
SBI Business Loan Mumbai
SBI Provide Best Government business loan, loan to SMEs under various schemes.
Fullerton Business Loan Mumbai
Top no 1 Provider which serves the entire Ahmedabad through 3 branches.
Citibank Business Loan Mumbai
This bank operates from 1 branch out of all in Mumbai.