business loan in mumbai

Business Loan in Mumbai

Loan up to 50 Lakh | Low Interest Rates | Quick Disbursal | Easy to Apply

Get the financial support to achieve your entrepreneurial goals!

Mumbai, the ‘City of Dreams’, houses the highest number of millionaires and billionaires in India and has innumerable rags to riches stories. The city that never sleeps, gives hope and dreams to many people who want to become successful.

Mumbai provides countless opportunities for entrepreneurs of the large, medium, and small scale alike. Creating your own success story and expanding your business in the financial capital of India is, however, not easy, as it is an expensive city. Every business requires capital to operate, and obtaining such funds is not always easy for business owners or managers.

These days, getting a Business Loan has become much easier thanks to the government's interest in the growing MSME sector. An unsecured Business Loan in Mumbai is the best way to get the funds that can help you manage and grow your business. If you are a business owner or manager looking for any kind of financial assistance to expand your business in Mumbai, an unsecured Business Loan is an ideal alternative.

At Poonawalla Fincorp, we give wings to your dream and support you with the finances you may need for your business. We offer unsecured Business Loans in Mumbai so that you can grab every business opportunity at the right time and make the most out of it. Our loan offering comes with a competitive interest rate, flexible tenure, and minimal documentation to take your business to new heights.


Mumbai, also known as ‘commercial capital of India’, is bound to keep you engaged with exciting entrepreneurial opportunities. If you are a business owner in Mumbai, you may fall short of credit options for your enterprise. To help you with quick financing for the same Poonawalla Fincorp has curated attractive Business Loan products for your unique requirements.

You can get an unsecured Business Loan in Mumbai at competitive interest rates. If you have a high credit score, your loan application might get approved quickly and you can also get attractive Business Loan interest rates in Mumbai.

Our Business Loans are packed with features and benefits including flexible repayment tenure, higher loan disbursal amount, an easy and quick loan application process, and minimal documentation requirements.

Types of fee Applicable Charges
Rate of interest 15% to 28% p.a.*
Processing fees Up to 3% plus applicable taxes
Repayment Instrument Dishonor Charges ₹1,000 per bounce plus applicable taxes
Default Interest 3% per month
Loan Amount ₹1 Lakh to ₹50 Lakhs
Lowest EMI per month Starting from ₹2,783* per Lakh for 48 months
Loan Tenure 6 - 48 months
Prepayment/Foreclosure Charges 0%* If paid from own sources & 4% If paid from other sources
Stamp Duty At actuals (as per state)
Penal Interest 3% monthly on the defaulted EMI amount

To get a new Business Loan in Mumbai with Poonawalla Fincorp is simple. Our loan requirements are designed to save time for borrower when applying for loan. To ensure you have a smooth experience during loan processing, we offer Business Loans in Mumbai with easy eligibility criteria.

The eligibility criteria for Business Loans in Mumbai are as follows:

Age Requirement


22 to 65 years
(during loan maturity)

Citizenship Status



Work Experience Required

Business Vintage*

At least two years

Monthly Salary Required

Annual turnover

More than ₹9 Lakh

*Business vintage determines how long your business has been operating and when it was registered. It is a significant eligibility determinant for procuring an unsecure Business Loans.

Note: The above-mentioned eligibility criteria are indicative in nature and more information can be asked by Poonawalla Fincorp team during loan processing as per policy.

You don’t have to worry about time-consuming paperwork and running into funding delays because of lengthy document process. With Poonawalla Fincorp, you can access quick financing for your business with minimum documentation.

Below is the list of required documents for availing Business Loan in Mumbai:

  • Address Proof

    Proof of Address (PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport)

  • KYC Documents

    PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport

  • Financial Documents

    Financial documents (Bank statements/IT Returns)

  • Income Proof

    Business Address Proof (Rent Agreement/Utility Bill)

Note: This list of documents is indicative. We may need some additional documents during loan processing.

  • Collateral free

    Collateral-free Business Loan of up to ₹50 Lakh

  • Attractive and competitive interest rate

    Attractive and competitive interest rate

  • Instant disbursal loan

    Flexible repayment tenure of up to 48 months

  • Simple and minimal documentation

    Minimal documentation for quick and hassle-free processing

  • Collateral-free Business Loan of up to ₹50 Lakh - There is no need to provide collateral of any kind to avail loan of up to ₹50 Lakh
  • Attractive and competitive interest rate - We provide attractive and competitive interest rates for Business Loans. So, you don’t have to look anywhere else when you apply for a Business Loan in Mumbai.
  • Flexible repayment tenure of up to 48 months - At Poonawalla Fincorp, we provide a flexible repayment tenure of up to 48 months. This gives business owners enough time to cover various business expenses and pay us back within the repayment period.
  • Minimal documentation for quick and hassle-free processing - At Poonawalla Fincorp, we provide loans with minimal documentation, so you get a loan with hassle-free processing and quick approvals. You don’t have to worry about anything else, and instead, focus on the utilization of money for the growth of your business through Business Loans in Mumbai.
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Apply Online

Click on Apply Now and enter your contact details.

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Business Details

Enter your annual business turnover and other business details.

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The application will then proceed for verification and assessment

How to Get a MSME/Business Loan in Mumbai?

To apply for MSME/Business Loans in Mumbai, all you have to do is visit our official website and follow the steps mentioned below.

  • Go to the dedicated page for Business Loans.
  • Go through the eligibility criteria and the documents required for SME/MSME Loans in Mumbai.
  • Once you have read the eligibility criteria and gathered the required documents, click on ‘Apply Now’.
  • Fill out the online application form.
  • Wait for verification and approval.
  • Get funds disbursed into your account instantly after authorization from your end.

Poonawalla Fincorp Limited

Address: First Floor Nirmal Deep, Doctor Moose Road, opposite Talao Pali, Talav Pali, Jambli Naka, Thane West, Thane, Maharashtra 400602
Contact Number: 1800-266-3201 (Toll Free)

Address: Unit No. 73, 7th floor, Kalpataru Sqare, Andheri-Kurla Road, Andheri (East), Mumbai - 400059
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)

*Terms & Conditions Apply

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