Business Loan Mumbai

Business Loan Mumbai

Get best and lowest interest rates on business loans with maximum loan amount & less documentation. Apply online for getting self employed, small business loans online in Mumbai.

Eligibility for business loan in Mumbai
Any person who is running a legal business with good earnings can go for business loan. Banks have norms for distribution of loans about how much & whom to give. Banks have their own criteria to validate the requirement for business loans. Mostly it is based on,
1. Type of the business : ie Proprietorship, Partnership, Pvt Ltd. or Public Ltd.
2. Turnover of the business.
3. Cash flow of business.
4. Profit of the business.
5. Track record & type of business.

How much Business loan you can get in Mumbai?
Based on profit, years in business and cash flow, banks come out with an eligibility of the loan amount it can give to business. This loan amount based on how much profit he is making & how a business could manage to pay the EMI with the cash flow.
Banks which Provides Business loans in Mumbai
There are various Banks that can give me loan. The lists are as follows:

1) HDFC LTD
2) ICICI Bank
3) Kotak Mahindra Bank
4) Deutsche Bank
5) Magma Housing
6) RBL Bank
7) Capital First
8) HDB Bank
9) Fulletron India
10) IndusInd Bank

Documents Required for Business Loan :

  • ID Proof
  • Address Proof
  • 6 Months bank Statement
  • Proof of Continuity Of Business
  • Ownership Proof of Residence or Office
  • Latest ITR of Co-Applicants – For last 2 Years
  • CA Certified or Audited P/L Acc Statement & for >40 Lacs cases Audit report along with schedules of P&L & Balance Sheet for last two years
  • Board Resolution (If pvt ltd co. is co-borrower/Partnership Authorization Letter {if partnership firm is co-borrower}
  • ITR and Statement Of Computation of Income – for last 2 Years

Business Loan Provider Banks in Mumbai:

Bank name Address
SBI Bank Horniman Circle, Mumbai, Maharashtra, 400023
ICICI Bank ICICI Bank Towers, Bandra-Kurla Complex, Mumbai 400051.
YES Bank YES Bank Limited, Nehru Center, 9th floor, Discovery of India, Dr. A.b. Road, Worli, Mumbai – 400 018, India.
RBL Bank RBL Bank Ltd., One Indiabulls Centre, Tower 2B , 6th Floor, 841, Senapati Bapat Marg, Lower Parel (W), Mumbai 400013. India.
Indusind Bank 8th Floor, Tower 1, One India Bulls Centre, 841 S B Marg, Elphinstone Road, Mumbai – 400013.
HDFC Bank Sana ‘A’ Building, Junction Of Linking Road And Sarawati Road, Santacruz West, Mumbai, Maharashtra 400054
Axis Bank G17 & 18, Ground Floor, Ventura Building, Hiranandani Business Park, Powai, Mumbai, Maharashtra 400076
Standard Chartered Bank Standard Chartered Tower, 201B/1, Ern Express Highway, Goregaon East, Mumbai, Maharashtra
Bank Of Maharashtra Maratha Mandir Building, Club Road, Mumbai Central, Mumbai – 400008

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