Unsecured Business Loan in Mumbai

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Quick & Easy Business Loan in Mumbai

UNSECURED BUSINESS LOAN IN Mumbai

If you have a big business plan or you’re running a business in Mumbai and searching for a funding or capital to expand your business, availing associate Unsecured Business loan are often ideal for you. As you can lend small loan amount it is easier to repay the loan amount on time.

 

There area unit several banks and NBFCs in Mumbai that provide loans while not collateral to businessmen and SMEs. Here we are providing complete guidelines to lend unsecured business loan in Mumbai.

 

Unsecured Business loan are often smart possibility for you. There area unit several banks and NBFCs in Mumbai that provide loans while not collateral to businessmen and SMEs. inox capital provideWorking Capital loan upto 5 cr Business Loan in Mumbai with Quick Approval.

 

What is Business Loan?

To start or carry on existing business one needs funds which can be occupy by loan which meet your business requirements and goals, with the help of this we can borrow a certain amount of money for time period as per interest rate and monthly repayment. Business loan are also secured which have generally low EMI Rates.

Business Loan Eligibility in Mumbai

The business loan can be offered to any person who is running a legitimate business and has good turnover. Different banks have different criteria and terms to validate and authenticate a person’s business. After all the evaluation the loan amount, tenure and rate of interest or even whether to provide loan falls under the purview and authority of the bank. Some of the parameters taken under consideration 

 

 

  • Type of business: Proprietorship, Partnership, Private Limited or Public Limited
  • Age 21-65
  • Borrower should have a self-owned house or work place
  • Loan Amount 5 lac to 100cr
  • Business Vintage   self-employed professional – 3 years
    self-employed businessmen – 5 years

Which are the Documents Required for Business Loan in Mumbai?

Professional Businessman
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

  • ROI is between 17-25 % which may be differ based on eligibility applicant
  • Just because of unsecured loan term so it’s documentation is simple
  • Tenures is 12-48 months and will repaid through EMI
  • This advanced from 3-75 lakhs.

BANKS AND NBFCS OFFERING BUSINESS LOANS IN MUMBAI

Who is offering Business Loans in mumbai ?

There are many top of  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 all the major banks among NBFCs are there in this city.

 HDFC Bank Business Loan Mumbai

Bajaj Finserv Business Loan Mumbai

Axis Bank Business Loan Mumbai

SBI Business Business Loan Mumbai

Kotak Bank  Business Loan Mumbai

Tata Capital  Business Loan Mumbai

Citibank Business Loan Mumbai

Fullerton Business Loan Mumbai

ICICI Bank Business Loan Mumbai

LOANS UP TO 100 LACS
WE OFFER THE HIGHEST TICKET SIZE OF UP TO 100 LACS AS BUSINESS LOAN SO THAT YOU CAN PURSUE YOUR AMBITIONS FOR YOUR BUSINESS. THIS IS THE HIGHEST TICKET SIZE THAT ANYONE OFFERS IN THIS CATEGORY.
NO GUARANTORS.  NO COLLATERAL REQUIRED  – NO WANT TO PROVIDE ANY GUARANTORS OR  ANY COLLATERAL TO AVAIL A BUSINESS LOANS.