Digital Business Loans in Mumbai – 50 Lakhs Loan

Get up to Rs. 50 lakh digital business loans in Mumbai with competitive interest rates. You can take MSME loans & Working Capital loans to grow your business in the most popular city Mumbai.

24hrLoan gives you the best interest rate from 12% to 16.75% per annum. The loan will disburse within 72 hours.

Digital Business Loans in Mumbai

Company	LendingKart
Interest Rates	12% to 16.75% p.a.
Processing Fees	2-3% of the loan amount
Loan Tenure	12 months to 36 months
CIBIL Score	-1 / 700+
Pre-closure Charges	NIL
Loan Amount	Rs. 50,000 – Rs. 50 lakhs
Eligible For	Self-Employed Business

Benefits of Digital Business Loans in Mumbai

• Not required to visit brunch
• Get a loan up to Rs. 50 lakhs
• Fast disbursement within 72 hours
• 100% digital process
• Minimal documentation process
• Competitive interest rate
• 2% to 3% processing charge

Also Read: NeoGrowth Business Loan

Eligibility Criteria for Business Loans in Mumbai

• Indian Citizenship required
• Minimum age of 21 years to 60 years required
• Businesses should be Proprietors, Private limited companies, Public limited companies, and partnership firms.
• Annual Turn Over 12 lakh per annum required
• Business should be 1 year old.
• No defaults on the previous loan

Documents Required for Business Loan in Mumbai

You should check out the following documents to apply for a digital business loan in the Mumbai area:

• Trade License
• ITR File / MSME Certificate
• Pan Card (Identity Proof)
• Aadhaar Card (Address Proof)
• Residential Proof (Electricity bill/ Gas bill/ Water bill)
• Recent 1-year bank statement pdf
• Applicant cancel cheque

Also Read: IIFL Business Loan

Interest Rate & Other Charges

Processing Fees	2-3% of the loan amount
Interest Rate	12% to 16.75% p.a.
Pre-closure Charges	NIL
Late Penalty Fees	Rs. 300 and 36% on the overdue amount.

How to Apply for Digital Business Loan in Mumbai

Step 1: Click on the “LendingKart Business Loan” button.

Step 2: Fill all the forms carefully

Step 3: Customer representative call you for documents

Step 4: After a successful application, the lender will check eligibility.

Step 5: If you are eligible, the bank will verify your business & get the loan.

FAQs on Digital Business Loans in Mumbai