Overview of Industrial Loan in Faridabad
An industrial loan in Faridabad provides financial support for businesses to expand manufacturing units, purchase equipment, or develop infrastructure. In 2025, Loanpao offers industrial loans in Faridabad with competitive interest rates starting at 8% p.a., flexible tenures up to 15 years, and loan amounts ranging from ₹50 lakh to ₹10 crore, tailored to meet the needs of industrial growth in the region.
Eligibility Criteria for Industrial Loan in Faridabad
| Criteria | Details |
|---|---|
| Business Age | Minimum 3 years of operation |
| Residency | Business must be registered in Faridabad with valid address proof |
| Annual Turnover | Minimum ₹5 crore per annum |
| Profitability | Positive net profit for the last 2 years |
| Credit Score | Preferred score of 700 or above |
Documents Required for Industrial Loan in Faridabad
- Business Proof: GST registration, Udyam registration, or company registration certificate.
- Address Proof: Utility bill or lease agreement (Faridabad address).
- Financials: Audited financial statements (last 2 years), ITR (last 3 years).
- Bank Statement: Last 12 months' business bank statements.
- KYC Documents: PAN Card, Aadhaar Card of business owners.
- Project Report: Detailed report of the industrial project or expansion plan.
Benefits of Industrial Loan in Faridabad
- Competitive interest rates starting at 8% per annum in 2025.
- Loan amounts up to ₹10 crore for industrial projects in Faridabad.
- Flexible repayment tenure of up to 15 years.
- Quick processing within 10-15 days with Loanpao in Faridabad.
- Collateral-based loans with minimal documentation for established businesses.
Factors Affecting Industrial Loan in Faridabad
Business Financial Health
Strong financials with consistent profitability improve approval chances in Faridabad.
Credit Score
A higher credit score ensures better interest rates for industrial loans.
Collateral Value
High-value collateral like industrial property increases loan amount eligibility.
Market Conditions
Industrial growth trends in Faridabad affect loan terms and approval.
How to Apply for an Industrial Loan in Faridabad
Follow these steps to apply for an industrial loan in Faridabad through Loanpao:
- Visit loanpao.in and select "Industrial Loan in Faridabad."
- Enter business details (turnover, years of operation, project cost).
- Fill out the online application form with your details (business name, Faridabad address).
- Upload required documents (financials, KYC, project report).
- Schedule a doorstep document pickup in Faridabad and get approval within 10-15 days.
Loan Eligibility for Industrial Loan in Faridabad
Check your eligibility for an industrial loan in Faridabad with Loanpao’s eligibility tool:
- Enter your annual turnover and business age.
- Provide details of your credit score and profitability.
- Include your Faridabad business address and registration details.
- Specify the loan amount and purpose (e.g., expansion, equipment purchase).
Loanpao will instantly assess your eligibility and guide you through the application process in Faridabad.
Check Eligibility NowTrack Your Industrial Loan Application in Faridabad
Loanpao provides a seamless tracker for your industrial loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on your application status (e.g., under review, approved, disbursed).
- Receive notifications for document verification in Faridabad.
- Contact Loanpao support for assistance with delays in Faridabad.
Industrial Loan Comparison in Faridabad
Compare industrial loan options available in Faridabad:
| Loan Type | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| Industrial Expansion Loan | 8% p.a. | Up to ₹10 crore | Up to 15 years | 1% of loan amount |
| Equipment Finance Loan | 8.5% p.a. | Up to ₹5 crore | Up to 10 years | 0.75% of loan amount |
| Working Capital Loan | 9% p.a. | Up to ₹3 crore | Up to 5 years | 1.5% of loan amount |
Frequently Asked Questions
Businesses operating for at least 3 years with a minimum annual turnover of ₹5 crore, positive net profit for 2 years, and a credit score of 700+ can apply in Faridabad.
Interest rates start at 8% per annum, depending on the loan type and business profile.
The process typically takes 10-15 days in Faridabad, depending on document verification and lender approval.
Options include industrial expansion loans, equipment finance loans, and working capital loans for businesses in Faridabad.
The maximum tenure can go up to 15 years for industrial expansion loans in Faridabad.
Yes, processing fees start at 0.75% of the loan amount, and additional charges like valuation fees may apply.
Missing a repayment may lead to late fees, impact your credit score, and in extreme cases, seizure of collateral by the lender.
Yes, Loanpao offers an online application process with doorstep document pickup in Faridabad.
The maximum amount can be up to ₹10 crore for industrial expansion loans in Faridabad.
Yes, industrial loans typically require collateral such as industrial property or machinery, depending on the loan amount.