Overview of Business Loan in Hodal
Hodal, a dynamic town in Haryana’s Palwal district, is a hub for small and medium enterprises. Business loans in Hodal for 2025 provide financing for startups, SMEs, and business expansion, with competitive rates starting at 10.00% p.a. Lenders like Bajaj Finance, HDFC Bank, and Axis Bank offer loans up to ₹50 lakh (unsecured) and higher for secured loans, with tenures up to 7 years. Loanpao helps Hodal entrepreneurs compare offers, check eligibility, and apply online for quick disbursal.
Eligibility Criteria for Business Loan in Hodal
| Criteria | Details |
|---|---|
| Age | 21 to 65 years |
| Business Turnover | Minimum ₹10 lakh annually |
| Business Vintage | Minimum 2 years of business continuity |
| Credit Score | Minimum 650; higher scores improve terms |
| Residence/Business Location | Valid Hodal address proof for business or residence |
Documents Required for Business Loan in Hodal
- Identity Proof: Aadhaar, PAN Card, Driving License, Passport, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Hodal address).
- Business Proof: GST certificate, shop license, or registration certificate.
- Financial Documents: ITR (last 2 years), bank statements (last 6 months), balance sheet, profit/loss statement.
- Photograph: Recent passport-size photograph.
Benefits of Business Loan in Hodal
- Loan amounts up to ₹50 lakh (unsecured) or higher with collateral.
- Competitive interest rates starting at 10.00% p.a. in 2025.
- Flexible repayment tenures up to 7 years.
- Funds for working capital, expansion, or equipment purchase in Hodal.
- Quick disbursal within 5–10 days post-document verification.
Factors Affecting Business Loan in Hodal
Interest Rate
Rates range from 11% to 18%, depending on credit score, turnover, and business stability.
Loan Amount
Lenders offer up to ₹25 lakh based on financials and creditworthiness in Hodal.
Credit Score
A score above 650 ensures better terms in Hodal.
Business Turnover
Higher turnover (above ₹5 lakh) increases loan eligibility.
How to Apply for a Business Loan in Hodal
Follow these steps to apply for a business loan in Hodal through Loanpao:
- Visit loanpao.in and select "Business Loan in Hodal."
- Fill out the online application form with your details (name, Hodal address, business turnover).
- Upload required documents (Aadhaar, PAN, ITR, business proof).
- Compare offers from top Hodal lenders like Bajaj Finance, HDFC, and Kotak Mahindra.
- Get approval and funds disbursed within 48 hours in Hodal.
Loan Eligibility for Business Loan in Hodal
Check your eligibility for a business loan in Hodal with Loanpao’s eligibility tool:
- Enter your annual business turnover (minimum ₹5 lakh).
- Provide your credit score (preferably above 650).
- Specify your business stability (minimum 2 years).
- Include your Hodal address for localized offers.
Loanpao will instantly assess your eligibility and suggest the best business loan offers in Hodal.
Check Eligibility NowTrack Your Business Loan Application in Hodal
Loanpao provides a seamless tracker for your business 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 disbursal updates in Hodal.
- Contact Loanpao support for assistance with delays in Hodal.
Business Loan Comparison in Hodal
Compare business loan offers from top lenders in Hodal:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| Bajaj Finance | 11% p.a. | Up to ₹25 lakh | Up to 5 years | 1% of loan amount |
| HDFC | 11.5% p.a. | Up to ₹20 lakh | Up to 4 years | 1.5% of loan amount |
| Kotak Mahindra | 12% p.a. | Up to ₹15 lakh | Up to 3 years | ₹3,000 |
Frequently Asked Questions
The minimum annual turnover required is ₹5 lakh for a business loan in Hodal.
Interest rates for business loans in Hodal start at 11% per annum, depending on the lender.
Business loans in Hodal can be disbursed within 48 hours after application submission.
Yes, but a credit score above 650 is preferred. Some lenders in Hodal may approve with a lower score at higher rates.
The maximum tenure for a business loan in Hodal is up to 5 years.
Yes, most lenders in Hodal allow prepayment with minimal or no charges after 6 months of EMIs.
Missing an EMI can lead to late fees, a negative impact on your credit score, and potential legal action by the lender.
Top lenders in Hodal for business loans include Bajaj Finance, HDFC, and Kotak Mahindra, offering competitive rates and quick disbursal.
Yes, Loanpao offers a fully online application process for business loans in Hodal.
The maximum loan amount for a business loan in Hodal can go up to ₹25 lakh, depending on the lender and business turnover.