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