Overview of Industrial Loan in Hodal
Hodal, an emerging industrial hub in Haryana’s Palwal district, offers industrial loans to support businesses in setting up factories, expanding operations, or purchasing equipment. In 2025, industrial loans in Hodal provide financing with competitive rates starting at 8.50% p.a., loan amounts up to ₹5 crore (based on project viability), and tenures up to 15 years. Lenders like SIDBI, ICICI Bank, and HDFC Bank offer tailored solutions for Hodal’s industrial sector. Loanpao helps businesses compare offers, check eligibility, and apply online for fast disbursal.
Eligibility Criteria for Industrial Loan in Hodal
| Criteria | Details |
|---|---|
| Business Age | Minimum 3 years of operations |
| Annual Turnover | Minimum ₹50 lakh p.a. |
| Credit Score | 700 or above preferred |
| Collateral | Property or equipment (for secured loans) |
| Business Location | Registered business address in Hodal |
Documents Required for Industrial Loan in Hodal
- Business Proof: GST registration, Udyam certificate, or company registration.
- Identity Proof: Aadhaar, PAN Card of business owner/partners.
- Address Proof: Utility bill or rental agreement (Hodal address).
- Financials: ITR, balance sheet, and profit/loss statement (2 years).
- Collateral Documents: Property title deed or equipment invoice (if applicable).
- Project Report: Detailed plan for factory setup or expansion.
Benefits of Industrial Loan in Hodal
- Loan amounts up to ₹5 crore for factory setup or equipment purchase.
- Competitive interest rates starting at 8.50% p.a. in 2025.
- Flexible repayment tenures up to 15 years.
- Support for secured and unsecured loan options.
- Quick disbursal within 7–15 days in Hodal.
Factors Affecting Industrial Loan in Hodal
Interest Rate
Rates range from 8.50% to 14% p.a., based on credit score, collateral, and project viability.
Loan Amount
Up to ₹5 crore, depending on business turnover and project cost.
Credit Score
Higher scores (700+) secure lower rates and better terms in Hodal.
Business Financials
Strong revenue and profitability increase approval chances.
How to Apply for an Industrial Loan in Hodal
Follow these steps to apply for an industrial loan in Hodal through Loanpao:
- Visit loanpao.in and select "Industrial Loan in Hodal."
- Fill out the online application form with business details (name, Hodal address, project purpose).
- Upload required documents (GST registration, financials, project report).
- Get approval within 3–7 days after verification.
- Receive funds disbursed within 7–15 days in Hodal.
Loan Eligibility for Industrial Loan in Hodal
Check your eligibility for an industrial loan in Hodal with Loanpao’s tool:
- Confirm business age (3+ years).
- Enter annual turnover (₹50 lakh+).
- Provide credit score (700+ preferred).
- Submit collateral details (if applicable).
- Provide Hodal business address and project details.
Loanpao will assess your eligibility and suggest the best industrial loan offers in Hodal.
Check Eligibility NowTrack Your Industrial Loan Application in Hodal
Loanpao provides a seamless tracker for your industrial 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 Hodal.
- Contact Loanpao support for assistance with delays in Hodal.
Industrial Loan Comparison in Hodal
Compare industrial loan offers from top lenders in Hodal:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SIDBI | 8.50% p.a. | Up to ₹5 crore | Up to 15 years | 0.5% of loan amount |
| ICICI Bank | 9.00% p.a. | Up to ₹3 crore | Up to 10 years | 1% of loan amount |
| HDFC Bank | 9.25% p.a. | Up to ₹2 crore | Up to 7 years | 1.5% of loan amount |
Frequently Asked Questions
Industrial loans in Hodal can finance factory setup, expansion, equipment purchase, or working capital needs.
Industrial loans in Hodal are disbursed within 7–15 days after document verification and project evaluation.
The maximum loan amount is up to ₹5 crore, based on project viability and business financials.
Collateral is required for secured loans but may be optional for smaller, unsecured loans, depending on the lender.
Missing an EMI may incur late fees, impact your credit score, and risk seizure of collateral for secured loans.