Overview of Business Loan in Bawal, Rewari
Bawal, Rewari, a burgeoning industrial hub in Haryana, is ideal for entrepreneurs and SMEs seeking business loans. Business loans in Bawal, Rewari for 2025 provide financing for expansion, working capital, equipment purchase, or inventory management, with rates starting at 10.00% p.a. Lenders like Bajaj Finance, HDFC, and Kotak Mahindra offer loans up to ₹5 crore with tenures up to 7 years. Loanpao helps Bawal businesses compare offers, check eligibility, and apply online for swift funding.
Eligibility Criteria for Business Loan in Bawal, Rewari
| Criteria | Details |
|---|---|
| Age | 21 to 65 years |
| Business Vintage | Minimum 2 years of business operations |
| Annual Turnover | Minimum ₹10 lakh (varies by lender) |
| Credit Score | Minimum 650; higher scores improve terms |
| Business Address | Valid Bawal, Rewari address proof |
Documents Required for Business Loan in Bawal, Rewari
- Identity Proof: Aadhaar, PAN Card, Driving License, Passport, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Bawal, Rewari address).
- Business Proof: GST registration, shop license, or Udyam registration.
- Financial Documents: ITR (last 2 years), bank statements (last 6 months), profit & loss statement.
- Photograph: Recent passport-size photograph.
Benefits of Business Loan in Bawal, Rewari
- Loan amounts up to ₹5 crore for business expansion, equipment, or working capital.
- Competitive interest rates starting at 10.00% p.a. in 2025.
- Flexible repayment tenures up to 7 years.
- Quick disbursal within 7–15 days post-document verification.
- Collateral-free options for eligible SMEs in Bawal, Rewari.
Factors Affecting Business Loan in Bawal, Rewari
Interest Rate
Rates range from 10.00% to 18% p.a., based on credit score, business turnover, and lender policies.
Loan Amount
Up to ₹5 crore, depending on business revenue and repayment capacity.
Credit Score
A score above 650 ensures better rates; lower scores may increase costs or require collateral.
Business Vintage
Businesses with at least 2 years of operations in Bawal, Rewari are prioritized.
How to Apply for a Business Loan in Bawal, Rewari
Follow these steps to apply for a business loan in Bawal, Rewari through Loanpao:
- Visit loanpao.in and select "Business Loan in Bawal, Rewari."
- Fill out the online application form with details (name, Bawal, Rewari address, business details).
- Upload required documents (Aadhaar, ITR, business proof).
- Compare offers from top Bawal, Rewari lenders like Bajaj, HDFC, and Kotak.
- Get approval and funds disbursed within 7–15 days in Bawal, Rewari.
Loan Eligibility for Business Loan in Bawal, Rewari
Check your eligibility for a business loan in Bawal, Rewari with Loanpao’s tool:
- Enter your annual business turnover (minimum ₹10 lakh).
- Provide your credit score (preferably above 650).
- Specify your business vintage (minimum 2 years).
- Include your Bawal, Rewari business address for localized offers.
Loanpao will assess your eligibility and suggest the best business loan offers in Bawal, Rewari.
Check Eligibility NowTrack Your Business Loan Application in Bawal, Rewari
Loanpao provides a seamless tracker for your business loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on status (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Bawal, Rewari.
- Contact Loanpao support for assistance with delays in Bawal, Rewari.
Business Loan Comparison in Bawal, Rewari
Compare business loan offers from top lenders in Bawal, Rewari:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| Bajaj Finance | 10.00% p.a. | Up to ₹5 crore | Up to 7 years | 1–2% of loan amount |
| HDFC | 10.50% p.a. | Up to ₹3 crore | Up to 5 years | 0.99–1.5% of loan amount |
| Kotak Mahindra | 11.00% p.a. | Up to ₹2 crore | Up to 5 years | 1% of loan amount |
Frequently Asked Questions
A minimum annual turnover of ₹10 lakh is required for a business loan in Bawal, Rewari.
Business loans in Bawal, Rewari are disbursed within 7–15 days after document verification.
The maximum loan amount is up to ₹5 crore, depending on business turnover and repayment capacity.
Yes, eligible SMEs in Bawal, Rewari can avail collateral-free business loans from select lenders.
Missing an EMI may incur late fees and negatively impact your credit score.