Simple Finance Business Success

Check My Eligibilty for Business Loans
My Loan Requirement is
Rs.
Currently Employed as
My Net Turnover is
Rs.
My Name
My Email Address
Mobile Number
+91

Business Loan FAQ

  • What do banks look in for to give a Business Loan?

Type of Business / Profession
Profit shown in the ITR,

  • Turnover
  • Depreciation
  • Business Vintage
  • Company Profile
  • Qualification
  • Ownership of Residence / Place of Business
  • Type of Accommodation.
  • Residence Locality
  • Loan Repayment History.

Personal loans to professionals such as Doctors, Chartered Accountants, Engineers, and Architects can be at special rates as offered by the banks at that point of time.

  • Rate of Interest Band for various categories of Customers.

Self Employed Professionals 15% to 18%
Self Employed Non Professionals 17% to 24%

  • How much amount dose a bank fund?

Business Person & Professionals – Rs.1 lacs to Rs. 30 lacs

  • How much tenor does a bank give?

Business Person & Professionals – 1year to 3 years

  • Age band for Business Loan.

Self employed – minimum entry age is 25 years and maximum exit age is 65 years.

  • Geo Limits for Business Loan.

Every bank’s have demarcated their Geo Limits and are comfortable lending in those areas this is mainly due to collection restrictions.

  • Points to be considered for Evaluation of various Business Loan offers.
  • Applicable Rate of Interest.
  • Type of Interest [reducing / flat].
  • Tenor.
  • Processing fee.
  • Part payment charges, terms & conditions.
  • Fore Closer charges, terms & conditions.
"LoansMumbai provides you with excellent customer care service"
LoansMumbai has provided me with excellent services,
when it came to solving my every single query.
Due to their 24*7 support the Sanction and Disbursement
process was organised & effortless. Thank You to
Team LoansMumbai.com
Harveer Singh

How our clients say about LoansMumbai

"LoansMumbai provides you with excellent customer care service"
LoansMumbai has provided me with excellent services,
when it came to solving my every single query.
Due to their 24*7 support the Sanction and Disbursement
process was organised & effortless. Thank You to
Team LoansMumbai.com
Harveer Singh

How our clients say about LoansMumbai

Happy Customers

Our partners

State Bank of India
LIC Housing Finance LTD
IDBI Bank
Fullerton India Finance
Axis Bank
Kotak Bank
HDFC Bank
DHFL Finance

Call Us +91 73030 22000

Mumbai, Navi Mumbai, Thane

info@loansmumbai.com

Free Bonus

multiple choices

FREE QUOTES

Research on best
saving offers around

24x7 call support

24X7 Customer Support

Email, Call Support to
address your queries and
doubts.

Mobile and Email Support

Mobile and Email Update

Real time loan progress
update via sms and email.

Stay Connected