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✓Minimal Documentation ✓Flexible Repayment ✓Collateral Free Loan | Apply for Business Loan Now!

Mumbai, also known as the financial capital of India, is the epicentre of all the economic activities in the country, thanks to the presence of prominent financial institutions including the Reserve Bank of India and the Bombay Stock Exchange. Mumbai is also the costliest city in the country in terms of the cost of living. Therefore, if you wish to build your own start-up in the country’s financial capital, apart from the requisite skill set, you also need an adequate supply of funds. A business loan from Bajaj MARKETS can serve the purpose. You can easily avail a business loan at competitive interest rates at Bajaj MARKETS from any of our partner lenders. The application process is also simple and hassle-free and requires minimal documentation.

Top Business Loan Providers in Mumbai

You can avail a business loan in Mumbai via Bajaj MARKETS at affordable rates of interest from any of our lending partners. Our lending partners include:

  • Bajaj Finance

  • KreditBee

  • FlexiLoans

  • Lendingkart

  • NeoGrowth

Features & Benefits of Business Loans in Mumbai

  • Quick Online Processing: You can apply for a business loan online on our platform and get it approved in just 2 minutes. The online process not only saves time but also ensures that your request is processed instantly and the amount is disbursed into your bank account within 24 hours of approval.

  • Zero Collateral: Some financial institutions demand collateral against a business loan. However, business loans at Bajaj MARKETS are unsecured and do not require the applicant to pledge any collateral.

  • High Loan Limit: Depending on the planned expansion scale, the funds required for a particular business may vary. Therefore, the business loans offered at Bajaj MARKETS come with a high loan limit of ₹50 Lakhs.

  • Long Repayment Tenure: It is necessary to have a comfortable loan repayment tenure to make sure that you do not default on your EMIs. At Bajaj MARKETS, you can enjoy a flexible repayment tenure of 12-60 months on your business loan.

Interest Rates on Business Loans in Mumbai

You may refer to the table below to get an estimate of the interest rates and processing fees charged by our various lending partners on business loans in Mumbai:

 

Lender

Interest Rate

Processing Fee

Bajaj Finance

20.5% p.a. onwards

Up to 2.75% of the loan amount

KreditBee

15% p.a. onwards

N/A

FlexiLoans

12% p.a. onwards

1.5% to 2.5% of the loan amount

Lendingkart

15% p.a. onwards

2% to 3% of the loan amount

NeoGrowth

18% p.a. onwards

2% to 3% of the loan amount

 
 
Disclaimer: Interest rates and processing fees are subject to change. Please check with the lender before applying.

Eligibility Criteria for Business Loan in Mumbai

In order to avail a Business Loan on Bajaj MARKETS, it is important to make sure that you meet the eligibility criteria of the concerned lender. While every lender has a different set of criteria, some of the basic requirements are as follows:

  • You must be a citizen of India

  • You must be self-employed

  • Your age must be in the range of 25-66 years

  • You must have business experience of at least 3 years

Documents Required for Business Loans in Mumbai

You must furnish the following documents while applying for a business loan in Mumbai:

  • Identity Proof: Aadhaar card, passport, voter ID, etc.

  • Address Proof: Electricity bill, telephone bill, passport, Aadhaar card, driving licence, etc.

  • Business Proof: Certificate of business existence, Income Tax filings for the previous financial year, profit and loss statements for the past 3 years, etc.

  • Photographs: 2 passport-size photographs

How to Apply for Business Loan in Mumbai

You may follow the steps given below to avail a business loan in Mumbai through Bajaj MARKETS:

  • Step 1: Visit the Bajaj MARKETS website and seek out the ‘Business Loan’ option under the ‘Loans’ tab. Click on ‘Apply Now’ to open an online form.

  • Step 2: Fill out the online form with the requested information such as your contact details, personal details, as well as business details.

  • Step 3: The next step is to fill out the specific details of your business loan, including your choice of tenure and the desired loan amount.

  • Step 4: Based on the details entered by you, now you will be shown the various business loan offers from our partner lenders. Choose the one that suits your needs the best and proceed with the application process.

  • Step 5: Once all your details have been verified, the business loan can be approved in just 2 minutes and the loan amount should be disbursed to your bank account within 24 hours.

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