Grow Your Business in Ballabgarh | Apply with Loanpao
Overview of MSME Loan in Ballabgarh
Ballabgarh, a growing industrial hub in Haryana’s Faridabad district, supports micro, small, and medium enterprises with tailored MSME loans. In 2025, these loans provide funding for working capital, machinery, and business expansion, with interest rates starting at 8.00% p.a. Lenders like SIDBI, SBI, and HDFC Bank offer loans up to ₹2 crore with tenures up to 10 years. Loanpao helps Ballabgarh entrepreneurs compare offers, check eligibility, and apply online for quick MSME loan approvals.
Eligibility Criteria for MSME Loan in Ballabgarh
Criteria
Details
Business Type
Micro, Small, or Medium Enterprise as per MSME Act
Business Vintage
Minimum 2 years of operation
Annual Turnover
Up to ₹250 crore (varies by lender)
Credit Score
Minimum 650; higher scores improve terms
Residence
Business registered in Ballabgarh or nearby areas
Documents Required for MSME Loan in Ballabgarh
Identity Proof: Aadhaar, PAN Card, or Passport of business owner.
Address Proof: Utility bill, Aadhaar, or rental agreement (Ballabgarh address).
Business Documents: GST registration, Udyam Registration, business license.
Financial Documents: Bank statements (last 12 months), ITR (last 2 years), balance sheet, profit & loss statement.
Photograph: Recent passport-size photograph of the applicant.
Benefits of MSME Loan in Ballabgarh
Financing up to ₹2 crore for business needs.
Competitive interest rates starting at 8.00% p.a. in 2025.
Flexible repayment tenures up to 10 years.
Collateral-free loans up to ₹1 crore under CGTMSE schemes.
Quick disbursal within 7–10 days post-approval.
Factors Affecting MSME Loan in Ballabgarh
Interest Rate
Rates range from 8.00% to 14% p.a., based on credit score, business turnover, and loan type.
Loan Amount
Up to ₹2 crore, depending on business scale and repayment capacity.
Credit Score
A score above 650 ensures better rates; lower scores may require collateral.
Business Performance
Stable revenue and profitability improve loan terms in Ballabgarh.
How to Apply for an MSME Loan in Ballabgarh
Follow these steps to apply for an MSME loan in Ballabgarh through Loanpao:
Visit loanpao.in and select "MSME Loan in Ballabgarh."
Fill out the online application form with details (business name, Ballabgarh address, turnover).