Loan Amount
Up to ₹75 Lakh
Interest Rate
Starting at 15%* p.a.
Loan Tenure
6-48 months

Apply for a Collateral-free Business Loan in Mumbai

Mumbai, the financial capital of India, is a bustling metropolis known for its thriving industries, including real estate, e-commerce, and finance. From a small business to a big-scale company, this city offers endless opportunities.

Level-up your business in Mumbai with a Business Loan from Poonawalla Fincorp and get up to ₹75 Lakh at affordable interest rate, minimal documentation, no hidden charges, and quick disbursal. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
Collateral-free
Loan
Competitive
Interest Rate
Minimal
Documentation
Quick
Approval
Flexible
Repayment Tenure

Business Loan EMI Calculator

Calculate your monthly repayment with our EMI calculator. Enter the loan amount, interest rate, and tenure to get accurate results. Try now!

Optimise Your Business Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
15 %
30 %

Tenure

Months
6Months
48Months

Apply for a Business Loan in Just 3 Steps

Click on "Apply Now”

Tap the "Apply Now" button to initiate your application.

Enter Details

Enter your DOB, PAN card number, monthly income, and residential details.

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Business Loan in Mumbai

Meet our simple eligibility criteria to qualify:

  • Age: Between 24 and 65 years.
  • Citizenship: Indian.
  • Business Vintage: Minimum of 2 years.
  • Annual Turnover: Minimum annual turnover of ₹6 Lakh.

Documents Required for a Business Loan in Mumbai

Submit just a few mandatory documents:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the documentation in detail.

Interest Rate and Charges for a Business Loan in Mumbai

Avail of a Business Loan with attractive interest rate and minimal charges:

Interest Rate
15%* p.a. onwards
Loan Amount
₹5 Lakh to ₹75 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
Lowest EMI Per Month
Starting from ₹13,915* per Lakh for 48 months
Loan Tenure
6-48 months
Prepayment/Foreclosure Charges
Up to First 6 EMIs: 6% on principal outstanding + taxes

After 6 EMIs: 5% on principal outstanding + taxes
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Different Uses of a Business Loan in Mumbai

  • Capitalising on new opportunities
  • Consolidating high-interest loans
  • Expanding across different markets
  • Introducing a new product
  • Buying or leasing equipment
  • Boosting working capital
  • Restocking inventory
  • Implementing new marketing strategies

Who Can Get a Business Loan in Mumbai

  • Retail shop owners 
  • Small businesses  
  • Woman entrepreneurs 
  • Sole proprietors 
  • MSMEs 

Tips for a Successful Business Loan Application

  • Keep the financial records updated
  • Check your credit score
  • Keep business documents handy
  • Ensure to follow all instructions

Poonawalla Fincorp Branch Address in Mumbai

Poonawalla Fincorp Limited

Address 1: Unit No. 73, 7th floor, Kalpataru Square, Kondivita lane, Andheri-Kurla Road, Andheri (East), Mumbai, Maharashtra -400059

Address 2: Unit No 2401, 24th Floor, Altimus, Dr G. M. Bhosale Marg, Worli, Mumbai, Maharashtra-400018

Contact Number: 1800-266-3201 (Toll Free)

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

Are there any benefits of applying for a Business Loan online?

By applying online, you can get paperless disbursal, which is typically faster than the traditional application process. With Poonawalla Fincorp, you can carry out the entire process, from application to documentation, from the comfort of your home or office.

How can I make a Business Loan repayment easier?

To make repayments easier, you can opt for a lower loan amount or a longer tenure. Both of these will lower the monthly EMIs you have to pay on your Business Loan.

What are all the documents required for a Business Loan?

We require only a few documents, such as KYC documents, business address proof and financial documents to sanction your loan.