Quick & Easy Business Loan 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.

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.

Business Loan in Mumbai

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.

Types of business loans

  • Term loans
  • Short term loans
  • Line of credit or bank overdraft
  • Invoice financing/loan on receivables
  • Equipment loans
  • Supplier credit

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

Bank & NBFC Offering Business Loans in Mumbai

There are many top Non-Banking Financial Companies and Banks that are offering Business Loans in Mumbai. Banks like SBI, HDFC, etc. and NBFC’s like Bajaj Finserv and Capital Float are a few in this city.

HDFC Bank Business Loan Mumbai

It is the largest private sector bank in the country that operates in 87 branches of Mumbai HDFC banks offers among the best business loans in India, with complete transparency and competitive interest rates. HDFC business loans do not require any security.

Bajaj Finserv Business Loan Mumbai

One of the largest well-known NBFC in India with low interest rates and flexible repayment options. Business loan by Bajaj Finserv can give much needed boost to your business.

ICICI Bank Business Loan Mumbai

ICICI bank is the second largest private sector bank in India which has around 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.

Fullerton Business Loan Mumbai

No.1 Provider which serves the entire Mumbai through 3 branches.

SBI Business Loan Mumbai

SBI Provides Best Government business loan, loan to SMEs under various schemes.

Citibank Business Loan Mumbai

This bank operates from 1 branch out of all in Mumbai

Kotak Bank Business Loan Mumbai

Quick & hassle-free process with minimal documentation. Loan tenure 2 to 5 years.

Tata Capital Business Loan Mumbai

Tata Capital provides Loans for Businesses without security, and loan disbursement within 3 business days. Avail Unsecured Business Loans with no collateral.

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

Unsecured Business Loan Interest Rates in Mumbai April 2021

Product FeaturesLoan Against PropertyUnsecured Business Loan
Maximum Loan amountUp to 75% of the property valueRs. 1 lakhs to Rs. 100 crore
Loan Tenure5 – 20 Year1 – 5 Years
Interest Rate7.75% – 12.5%13.50% onwards

Eligibility Criteria of Availing Business Loan in Mumbai

  • The age limit should be between 21 and 65.
  • Registered CA is required to audit your business
  • Cash profits of the last two financial years.
  • Professionals are required to show their qualification proof.

Documents required for a Business loan for Professional and Business owners

For Professionals:

  • Photo ID proof
  • Address Proof
  • Bank statements of last 12 months
  • Proof of business i.e. Certificate of Practice
  • Balance sheet for last 2 years
  • IT returns

For Business Owners:

  • Photo ID proof
  • Address Proof
  • Bank statements of last 3 months
  • Proof of business, Partnership deed, Shop Act License, MOA, AOA
  • Balance sheet for last 2 years
  • IT returns

Components of Business Loan in Mumbai

  • For an unsecured loan, documentation is simple
  • Payment through EMI is available for a tenure of 12-48 months
  • The loan amount can vary from 3-75 lakhs
  • Based on the eligibility of the applicant, the return on investment may change