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Business Loan in Mumbai

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Avail up to ₹1 Cr starting at 13%

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HDFC Bank
Max Loan Amt.Upto 75L
Rate of Interest10.75% - 28%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
ICICI Bank
Max Loan Amt.Upto 50L
Rate of Interest13.25% 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
Axis Bank
Max Loan Amt.Upto 75L
Rate of Interest15% - 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
Why Choose Paisabazaar?
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Choose from 20+ Partner Banks/NBFCs

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Pick from Secured & Unsecured Options

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Get Working Capital & Top-Up Loan Solutions

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Flexible Tenure of Up to 4 years

How Can I Apply for a Business Loan Online?

Step 1: Enter your mobile number in the application form.

Step 2: Enter OTP to verify your mobile number.

Step 3: Provide your personal details.

Step 4: Select a bank account for account aggregator consent.

Step 5: Compare offers and apply for the best-suited loan.

Apply Now

Compare Business Loan Interest Rates from Top Banks/NBFCs

Bank/NBFCs Interest Rate
Axis Bank 10.75% p.a. onwards
Flexiloans 1% per month onwards
HDB Financial Services Ltd. 8% - 26% p.a.
HDFC Bank 10.75% - 25% p.a.
IDFC First Bank 10.50% p.a. onwards
Indifi 1.50% per month onwards
Kotak Mahindra Bank 16% - 26% p.a.
Lendingkart 12% - 27% p.a.
Mcapital 2% per month onwards
NeoGrowth Finance 15% - 40% p.a.
Tata Capital 12% p.a. onwards
UGRO Capital 9% - 36% p.a.
Bajaj Finserv 10% to 26%

The business loan interest rate, desired loan amount and repayment tenure offered by lenders in Mumbai to its residents are below mentioned:

Business Loan in Mumbai – Highlights

Category Amount
Interest Rate 16% p.a. onwards
Repayment Tenure Max. up to 5 Years, may exceed
Loan Amount Up to Rs. 2 Crore - Collateral Free Unsecured loan

Eligibility Entities & Criteria

The following entities can avail business loans in Mumbai:

  • Individuals, Business Owners, Entrepreneurs, Startups, Self-employed Professionals, SMEs & MSMEs
  • Artisans, Traders, Retailers, Manufacturers, Shopkeepers, Small Vendors & Retailers
  • Private and public limited companies, Sole Proprietors, Private Limited Companies, and Partnership Firms engaged only in the Manufacturing, Trading, or Services sectors

Basic eligibility criteria to meet before applying for a business loan are—

  • Minimum age limit of the applicant should be at least 18 years and the maximum up to 65 years at the time of loan maturity
  • Minimum Annual Turnover and profit depend on lender’s requirements
  • Current Business experience should be a minimum of 2 years
  • Business should be operations and in profit for last 1 year
  • Applicants with no previous defaults with any financial institution

Also Know: How the EMI is calculated in a business loan from bank?

Documents Required for Loan Application

Sanction the applied Loan, the lender needs some documents to verify the authenticity and credibility of the loan seeker. Thereby, some required documents are—

  • Filled application form with passport-sized Photographs
  • Identity Proof (Passport/Voter’s ID/Driving License/ PAN Card / Aadhar card )
  • Address Proof (Latest Utility Bill/Ration Card/passport)
  • Income proof: Last 1 year ITR, Last 2 years’ P&L statement and Last 6 months’ bank statement
  • Business address and vintage proofs
  • Company establishment certificate
  • Any other document required by the lender

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All Your Needs

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Types of Business Loan

Business loan is both a secured and unsecured loan offered at fixed and floating interest rates by the facilitated financial corporation, which gives you access to the needed credits that can be paid back over an agreed time period.

The various business loans that you can avail as a business in Mumbai include:

Apply for Business Loans from other cities in India

How Can I Apply for a Business Loan Online?

Step 1: Enter your mobile number in the application form.

Step 2: Enter OTP to verify your mobile number.

Step 3: Provide your personal details.

Step 4: Select a bank account for account aggregator consent.

Step 5: Compare offers and apply for the best-suited loan.

Apply Now

Avail Business Loan For
All Your Needs

Avail Business Loan Banner

FAQs

The credit scores of the entity and the last 1 year’s financial report and your ability to repay the loan on and within given time will count as your eligibility to get business loan.

There is no minimum loan amount limit to borrow, however, most of the collateral-free loans are offered for the maximum loan amount of up to Rs. 2 crore. The loan amount sanctioning depends on your business size and eligibility and upon the terms and conditions of the respective bank, NBFC, or financial corporation.

It varies from bank to bank, depending on the procedure to verify the eligibility criteria. But mostly your business loan will be disbursed within 3-7 working days or may be less.

The interest rates may vary from one lender to another and will depend on the various factors related to the borrower. The processing fees would be communicated during the application procedure by the respective authority.

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What our customers say

Business loan complex hotta h

Business loan thoda complex lagta h muhje, lekin Paisabazaar pe team ne sab steps simple bana diya muhje ache se support kiya. Thank you.

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Meher SinghJan 22, 2026

Hassle-free Business Loan

I would like to take a moment to sincerely appreciate Rohit Kumar\'s (EW25946) continuous support and clear communication. Your timely responses, cooperation, and willingness to help have made a significant difference and contributed greatly to smooth coordination and successful outcomes. Your professionalism and positive approach are truly commendable, and it has been a pleasure working with you. Thank you for your dedication and for maintaining such effective communication throughout.

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MD Gausar AlamJan 20, 2026

Business loan liya tha, interest acha mila

Muhje darr tha ki interest rate kahi lenders jda na charge krle, phir paisabazaar pe sahi interest rate milla. Mera credit profile dekh ke or bhi bht saare factors consider karke interest rate milla.

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Mohit DasJan 15, 2026

Uncle ne bataya tha Paisabazaar ke baare mai

Mai online loans ke baare mai jada nhi janta, mere chacha ne bataya tha ki Paisabazaar se loan acha milta hai. Try kiya or asli mai bohot acha experience tha.

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Raju RastogiJan 14, 2026

Boutique ke liye small loan liya tha

Boutique ke liye small loan liya tha. Small entrepreneurs ke liye bht important hota hai sahi jagah se loan lena. Paiabazaar ki team bohot helpful hai.

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Vanni KumariJan 13, 2026

Loan approval ke chances dikhate h

Paisabazaar se business loan lo toh pata rehta h ki kaha loan approval ke chances jada hai. Isse thoda tension kam jata h rejection ka. Acha feature hai.

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Sobhit GuptaJan 5, 2026

Advisors bohot ache the

Business loan thoda confusing hota h. Advisors ne sahi guide kiya. Thanks you.

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Prakash MishraJan 4, 2026

Trusting platform

I take business loan from Paisabazaar two months before. very nice experience. No jhamela, only good work done. Thank you

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Priya ShawDec 30, 2025

Chote business ke liye bhi loan mila

Chote businesses ko loan milne mai dikkat hoti hai lekin yaha mil gaya. Thank you for helping small business also. Good job keep it up.

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Rupesh SharmaDec 29, 2025

Quick and easy steps

Business loan apply karne se pehle yeh sochke dar lagta tha ki bohot mehnat lagegi. Lekin mai toh surprise hi hogayi Paisabazaar ka simple or easy steps dekh ke. Itna smooth process tha ki bikul hi samjh nhi aaya kab loan approve hua or kab account mai paise agaye.

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Ishita SinghDec 28, 2025
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