Overview of Project Loan in Bhiwadi

Bhiwadi, a key industrial hub in Rajasthan’s Alwar district within the NCR, offers project loans to finance business expansion, infrastructure development, or industrial projects. These loans, which can be secured or unsecured, range from ₹5 lakh to ₹50 lakh, with interest rates starting at 10% p.a. Lenders like SBI, ICICI Bank, and SIDBI provide disbursal within 7–15 days. Loanpao streamlines the application process with tailored solutions for Bhiwadi businesses.

Eligibility Criteria for Project Loan in Bhiwadi

Criteria Details
Age 25–65 years
Business Turnover Minimum ₹10 lakh annually
Credit Score 750+ preferred; 700+ may qualify with higher rates
Business Experience Minimum 3 years in business
Debt-to-Income Ratio Below 50% preferred

Documents Required for Project Loan in Bhiwadi

  • Identity Proof: Aadhaar, PAN Card, or Passport.
  • Address Proof: Utility bill, rental agreement, or Aadhaar (Bhiwadi-specific).
  • Business Proof: GST registration, business license, or partnership deed.
  • Financial Documents: ITR (2 years), balance sheet, profit & loss statement.
  • Project Proposal: Detailed project report with cost estimates and revenue projections.
  • Bank Statements: Last 12 months showing business transactions.

Benefits of Project Loan in Bhiwadi

  • Loan amounts from ₹5 lakh to ₹50 lakh for business or infrastructure projects.
  • Competitive interest rates starting at 10% p.a.
  • Flexible repayment tenures from 1 to 7 years.
  • Disbursal within 7–15 days in Bhiwadi.
  • Option for secured or unsecured loans based on project needs.

Factors Affecting Project Loan in Bhiwadi

Credit Score

Higher scores (750+) secure lower rates; lower scores may increase costs.

Business Stability

Established businesses with consistent turnover improve approval chances in Bhiwadi.

Project Viability

A strong project proposal with clear revenue projections enhances eligibility.

Lender Policies

Banks like SBI may require collateral; NBFCs like SIDBI offer flexible terms.

How to Apply for a Project Loan in Bhiwadi

Follow these steps to apply for a project loan in Bhiwadi through Loanpao:

  1. Visit loanpao.in and select "Project Loan in Bhiwadi."
  2. Fill out the online application with business and project details.
  3. Upload documents (business proof, financials, project proposal).
  4. Compare offers from lenders like SBI, ICICI Bank, and SIDBI in Bhiwadi.
  5. Get approval and funds disbursed within 7–15 days.

Loan Eligibility for Project Loan in Bhiwadi

Check your eligibility for a project loan in Bhiwadi with Loanpao’s tool:

  • Enter business details (turnover, years in operation).
  • Provide credit score and debt details.
  • Submit Bhiwadi address proof and project proposal.
  • Include financial statements for accurate assessment.

Loanpao will evaluate your eligibility and recommend the best project loan offers in Bhiwadi.

Check Eligibility Now

Track Your Project Loan Application in Bhiwadi

Loanpao offers a seamless tracker for your project loan application:

  • Submit your application ID on the Loanpao Tracker page.
  • Monitor real-time status updates (e.g., under review, approved, disbursed).
  • Receive notifications for disbursal updates in Bhiwadi.
  • Contact Loanpao support for assistance with delays in Bhiwadi.
Track Application Now

Project Loan Comparison in Bhiwadi

Compare project loan offers from top lenders in Bhiwadi:

Lender Interest Rate Loan Amount Tenure Processing Fee
SBI 10.0% p.a. ₹5 lakh–₹50 lakh 1–7 years 1–2% of loan amount
ICICI Bank 10.5% p.a. ₹5 lakh–₹40 lakh 1–5 years 1–1.5% of loan amount
SIDBI 10.2% p.a. ₹10 lakh–₹50 lakh 1–7 years Up to 1.5% of loan amount

Frequently Asked Questions

Project loans are used for business expansion, infrastructure development, or industrial projects in Bhiwadi.

Disbursal typically takes 7–15 days after document and project verification in Bhiwadi.

A score of 750+ is preferred, but 700+ may qualify with higher rates.

Yes, startups with a minimum of 3 years in business and a viable project proposal can apply.

Collateral may be required for larger loans, but unsecured options are available for smaller amounts.

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