What is the interest rate on business loans in Mumbai in 2026?

Business loan interest rates in Mumbai start from 11% p.a. for collateral-free loans and 9.5% p.a. for secured business loans. HDFC Bank offers from 11.90%, ICICI Bank from 11.25%, Axis Bank from 11.50%, and NBFCs like Bajaj Finserv from 12% p.a. as of June 2026.

How much business loan can I get in Mumbai?

You can get a business loan of up to ₹50 Lakhs without collateral (unsecured) and up to ₹5 Crore with collateral (secured) in Mumbai. MSME loans under government schemes like MUDRA can go up to ₹10 Lakhs. The loan amount depends on your business turnover, vintage, and credit score.

What documents are required for business loan in Mumbai?

For a business loan in Mumbai you need: KYC documents (Aadhaar, PAN), last 2 years ITR with P&L and Balance Sheet, last 6 months bank statements, GST registration certificate, business proof (shop license, partnership deed or MOA/AOA), and for secured loans, property documents. GSTIN registered businesses get faster approvals.

Can a new business get a loan in Mumbai?

Most banks require minimum 2-3 years of business vintage for a regular business loan in Mumbai. However, new businesses (6 months+) can get startup loans from NBFCs, or government-backed MUDRA loans up to ₹10 Lakhs. Fintech lenders like Lendingkart and FlexiLoans lend to businesses with 1+ year vintage.

How fast is business loan disbursement in Mumbai?

With MoneyRise, unsecured business loans in Mumbai can be disbursed within 24-48 hours after document submission. NBFC business loans are faster (24 hours) compared to bank loans (3-7 days). Secured business loans may take 5-10 working days for property valuation.

What is MSME loan in Mumbai?

MSME loans in Mumbai are specifically designed for Micro, Small and Medium Enterprises. They come with lower interest rates (starting 9.5% p.a.), longer tenure (up to 5 years), and government-backed guarantees under schemes like CGTMSE. Businesses with Udyam Registration (formerly MSME certificate) get priority and better rates.

Business Loan in Mumbai

Business Loan in Mumbai from 11% p.a.

Collateral-free business loans up to ₹50 Lakhs for Mumbai businesses. Compare MSME loans, working capital loans from 50+ banks for businesses in Andheri, BKC, Thane & all Mumbai areas. Disbursement in 48 hours.

11%

Starting Rate

₹50L

No Collateral

48 Hrs

Disbursement

5 Yrs

Max Tenure

Check Eligibility — Free → Calculate EMI

✅ No collateral required up to ₹50L ✅ Minimal documentation ✅ GSTIN registered preferred

Apply for Business Loan in Mumbai

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Loan Types

Business Loan Types Available in Mumbai

💼

Working Capital Loan

Fund day-to-day operations, inventory, salaries. Up to ₹50L, 12-24 months tenure.

From 13% p.a.

🏭

Machinery / Equipment Loan

Finance new equipment or machinery for your Mumbai business. Loan up to ₹2 Crore.

From 11.5% p.a.

📋

MSME / SME Loan

Government-backed loans for registered MSMEs. CGTMSE covered, lower rates.

From 9.5% p.a.

🏪

Merchant Cash Advance

Loan against your POS/UPI business transactions. Ideal for retail businesses.

From 15% p.a.

🏢

Loan Against Property (LAP)

Use your commercial/residential property as collateral for higher amounts.

From 9.25% p.a.

💳

Business Credit Line

Pre-approved revolving credit line. Pay interest only on amount used.

From 14% p.a.

June 2026 Rates

Business Loan Interest Rates in Mumbai — June 2026

Bank / NBFC	Interest Rate	Max Amount	Max Tenure	Processing Fee	Apply
HDFC BankPOPULAR	11.90% – 21.35%	₹50 Lakh	4 Yrs	2.50%	Apply
ICICI Bank	11.25% – 19.50%	₹50 Lakh	5 Yrs	2.00%	Apply
Axis Bank	11.50% – 20.00%	₹50 Lakh	3 Yrs	2.00%	Apply
Kotak Mahindra	11.00% – 18.00%	₹75 Lakh	5 Yrs	1.50%	Apply
SBI	11.15% – 14.75%	₹1 Cr	5 Yrs	0.50%	Apply
Bajaj Finserv	12.00% – 26.00%	₹50 Lakh	5 Yrs	3.54%	Apply
IDFC First Bank	10.50% – 23.00%	₹1 Cr	5 Yrs	2.00%	Apply
Lendingkart	12.00% – 27.00%	₹35 Lakh	3 Yrs	2.00%	Apply

Mumbai Business Hubs

We Serve All Mumbai Business Areas

BKC / Bandra

Corporate HQ, MNCs, Startups

Highest loan approvals

Andheri MIDC

Manufacturing, IT, Export

MSME loans preferred

Lower Parel

Financial services, Media

High-value loans

Thane MIDC

Industrial, Manufacturing

Equipment loans

Navi Mumbai APMC

Trade, Distribution

Working capital

Dharavi / Kurla

SME manufacturing hub

MSME & micro loans

Borivali / Kandivali

Retail, Trading, Services

Quick disbursal

Malad / Goregaon

IT, Media, Retail

Professional loans

Eligibility

Business Loan Eligibility in Mumbai

✓

Business Vintage: Minimum 2 years in operation (1 year for NBFCs)

✓

Annual Turnover: Minimum ₹10 Lakhs (₹40L+ for banks)

✓

Credit Score: 650+ CIBIL score (700+ for best rates)

✓

GST Registration: Preferred for faster approvals and better rates

✓

Business Type: Proprietorship, Partnership, Pvt Ltd, LLP, Self-Employed

✓

Udyam Registration: MSME registered businesses get priority and lower rates

Documents Required

Documents for Mumbai Business Loan

📄 KYC: Aadhaar, PAN (Owner + Business)

📊 Last 2 years ITR with P&L & Balance Sheet

🏦 Last 6 months current account statements

📋 GST Returns (last 6 months)

🏢 Business proof (Shop Act / Partnership Deed / MOA)

📋 Udyam Registration (for MSME loans)

Business Loan in Mumbai — FAQs

Business loan rates in Mumbai start from 11% p.a. (Kotak), 11.25% (ICICI), 11.50% (Axis), 11.90% (HDFC) for unsecured loans. Secured business loans against property start from 9.25% p.a. MSME loans under government schemes start from 9.5% p.a.

You can get up to ₹50 Lakhs without collateral from banks like HDFC, ICICI, Axis, Kotak. NBFCs like Bajaj Finserv offer up to ₹35-50 Lakhs. For amounts above ₹50 Lakhs, lenders usually require collateral such as property or machinery.

New businesses (less than 2 years) can get MUDRA loans up to ₹10 Lakhs, startup loans from NBFCs (6+ months vintage), or loans from fintech lenders like Lendingkart and FlexiLoans. Most banks require minimum 2-3 years business vintage.

MSME loans are government-backed loans for Micro, Small and Medium Enterprises registered on the Udyam portal. In Mumbai, MSME-registered businesses get lower rates (from 9.5%), CGTMSE guarantee coverage, and priority processing. Businesses with Udyam Registration Certificate are eligible.

Unsecured business loans in Mumbai are disbursed within 24-48 hours from NBFC lenders and 3-7 days from banks after complete document submission. MoneyRise has pre-approved offers from our partner lenders that can be disbursed even faster for eligible Mumbai businesses.

GST registration is not mandatory but significantly helps. GST-registered Mumbai businesses get faster approvals, better rates and higher loan amounts because lenders can verify turnover through GST returns. Businesses with turnover below ₹20 Lakhs can still get loans without GST registration.