Overview of MSME Loan in Bawal, Rewari
Bawal, Rewari, a thriving industrial hub in Haryana, supports small and medium enterprises with MSME loans for business growth. MSME loans in Bawal, Rewari for 2025 offer financing with interest rates starting at 8.00% p.a. Lenders like SIDBI, SBI, and HDFC Bank provide loans up to ₹2 crore with tenures up to 7 years. Loanpao helps Bawal entrepreneurs compare offers, check eligibility, and apply online for quick approvals to expand their businesses.
Eligibility Criteria for MSME Loan in Bawal, Rewari
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 (as per MSME classification) |
Credit Score | Minimum 650; higher scores improve terms |
Residence/Business Address | Valid Bawal, Rewari address proof |
Documents Required for MSME Loan in Bawal, Rewari
- Identity Proof: Aadhaar, PAN Card, or Voter ID of the business owner.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Bawal, Rewari address).
- Business Proof: GST registration, Udyam registration, or shop license.
- Financial Documents: ITR (last 2 years), bank statements (last 12 months), balance sheet, and profit/loss statement.
- Photograph: Recent passport-size photograph of the owner.
Benefits of MSME Loan in Bawal, Rewari
- Loan amounts up to ₹2 crore for business expansion or working capital.
- Competitive interest rates starting at 8.00% p.a. in 2025.
- Flexible repayment tenures up to 7 years.
- Quick disbursal within 7–15 days post-approval.
- Collateral-free options under schemes like CGTMSE in Bawal, Rewari.
Factors Affecting MSME Loan in Bawal, Rewari
Interest Rate
Rates range from 8.00% to 14% p.a., based on business turnover, credit score, and collateral.
Loan Amount
Up to ₹2 crore, depending on business revenue and repayment capacity.
Credit Score
A score above 650 ensures better rates; lower scores may require collateral in Bawal, Rewari.
Business Performance
Stable revenue and profitability improve loan terms.
How to Apply for an MSME Loan in Bawal, Rewari
Follow these steps to apply for an MSME loan in Bawal, Rewari through Loanpao:
- Visit loanpao.in and select "MSME Loan in Bawal, Rewari."
- Fill out the online application form with details (business name, Bawal, Rewari address, turnover).
- Upload required documents (Aadhaar, GST registration, financial statements).
- Compare offers from top Bawal, Rewari lenders like SIDBI, SBI, and HDFC.
- Get approval and funds disbursed within 7–15 days in Bawal, Rewari.
Loan Eligibility for MSME Loan in Bawal, Rewari
Check your eligibility for an MSME loan in Bawal, Rewari with Loanpao’s tool:
- Enter your business turnover (up to ₹250 crore).
- Provide your credit score (preferably above 650).
- Specify business vintage (minimum 2 years).
- Include your Bawal, Rewari business address for localized offers.
Loanpao will assess your eligibility and suggest the best MSME loan offers in Bawal, Rewari.
Check Eligibility NowTrack Your MSME Loan Application in Bawal, Rewari
Loanpao provides a seamless tracker for your MSME 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.
MSME Loan Comparison in Bawal, Rewari
Compare MSME loan offers from top lenders in Bawal, Rewari:
Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
---|---|---|---|---|
SIDBI | 8.00% p.a. | Up to ₹2 crore | Up to 7 years | 0.5–1% of loan amount |
SBI | 8.50% p.a. | Up to ₹1.5 crore | Up to 6 years | 0.75–1.25% of loan amount |
HDFC Bank | 9.00% p.a. | Up to ₹1 crore | Up to 5 years | 1% of loan amount |
Frequently Asked Questions
A minimum of 2 years of business operation is required for an MSME loan in Bawal, Rewari.
MSME loans in Bawal, Rewari are disbursed within 7–15 days after approval.
The maximum loan amount is up to ₹2 crore, depending on business revenue and repayment capacity.
Yes, collateral-free MSME loans are available under schemes like CGTMSE in Bawal, Rewari.
Missing an EMI may incur late fees and negatively impact your credit score.
Yes, MSME loans can be used for working capital, machinery purchase, or business expansion.