As India's financial capital, Mumbai is an important city. There are several financial institutions and banks that serve the needs of the people and businesses.
A hassle-free small business loan in Mumbai from Ziploan can help small business owners boost slow-moving businesses. With minimal documentation and easy eligibility criteria, we finance up to Rs. 7.5 lakhs.
No balance sheet needed
After first 6 EMIs
Straight into your account
More than 70% of capital transactions occur in Mumbai. Mumbai attracts people from across India and has a large number of MSMEs. Many of these businesses require a small business loan to achieve their goals, such as addressing cash flow gaps, gaining working capital, managing inventory, purchasing new equipment, expanding their business, and so on.
You can receive a business loan in Mumbai up to Rs 7.5 lakh within 3 days from ZipLoan, an RBI-registered NBFC in Mumbai for business loan.
| Proprietorship | Partnership | Pvt. Ltd. / LLP / One Person Company | |
|---|---|---|---|
| Bank statement (12 months) | ✓ | ✓ | ✓ |
| Business registration proof | ✓ | ✓ | ✓ |
| PAN Card | ✓ | ✓ | ✓ |
| Aadhar Card | ✓ | ✓ | ✓ |
| ITR of the previous two years | ✓ | ✓ | ✓ |
Our business loan interest rates in Mumbai are:
| Customized Interest Rates | Yes |
| Loan Tenure | up to 36 months |
| Pre-closure charges | Nil** after paying the first 6 EMIs |
| Eligibility Criteria | Annual turnover more than Rs.10 lakh |
| Loan Amount | ₹ 1 Lakh – ₹ 7.5 Lakh |
Note:- We don't provide a loan for new business in Mumbai.
Equated Monthly Instalments (EMIs) let you pay off a loan in affordable monthly payments. Ziploan offers you a convenient EMI repayment option. You can repay the loan amount between 12 and 36 months.
You can calculate your EMI using our business loan EMI calculator.
Here is the formula to calculate business loan EMI.
EMI = P × r × (1 + r) n/ ((1 + r) n – 1)
Above:
P: Loan amount, r: interest rate, n: tenure in number of months
To apply for a business loan in Mumbai online from ZipLoan, follow these three steps:
Here are the types of business loans that are available to you:
Getting a line of credit for your business is pretty easy from Ziploan. Simply download our App and:
How to get a business loan in Mumbai?
ZipLoan is one of the business loan companies in Mumbai that provides an easy business loan for small-scale businesses.
How do I calculate the EMI for the business loan?
It is easy to calculate EMI on our website by using our online calculator. You need to enter the principal loan amount, tenure of the loan in months and the rate of interest.
Who can get business loan from ZipLoan?
Businesses with more than 2 years of vintage qualify for a business loan. Besides, their previous year's turnover should be more than Rs. 5 lakh and they must have filed an ITR of more than Rs. 1.5 lakh in the last year.
What documents required to get business loan from ZipLoan?
The documents required for a business loan from ZipLoan are PAN card, Last 12 months Bank Statement, Last 1 year’s ITR, Address proof, Aadhar card, etc.
How can I get a loan for small business in Mumbai?
To avail of a small business loan in Mumbai, the business owner can visit our website and fill the loan application form online. Soon one of our business loan consultants in Mumbai will call you for more details.
