Overview of Business Loan in Mahendragarh
Business loans in Mahendragarh provide financial support for SMEs, startups, and entrepreneurs looking to expand or manage operations. In 2025, these loans start at 10% p.a., offering up to ₹75 lakh with tenures up to 7 years. Lenders like SBI, HDFC Bank, and Bajaj Finance cater to Mahendragarh’s growing MSME sector, ideal for inventory purchase, equipment upgrades, or working capital. With a population of ~921,680 and a 963.70 km² rural area, Mahendragarh’s entrepreneurs, including those in Narnaul’s trading hubs, can use Loanpao’s platform for quick applications, lender comparisons, and real-time tracking.
Eligibility Criteria for Business Loan in Mahendragarh
| Criteria | Details |
|---|---|
| Applicant Type | Self-employed, SMEs, startups, or business owners |
| Age | 21–65 years |
| Business Vintage | Minimum 1 year of operations |
| Annual Turnover | Minimum ₹5 lakh |
| Residence | Business registered in Mahendragarh or nearby areas |
| Credit Score | 700+ preferred for better rates |
Documents Required for Business Loan in Mahendragarh
- Identity Proof: Aadhaar, PAN Card, or Voter ID of the business owner.
- Address Proof: Utility bill, Aadhaar, or rental agreement for Mahendragarh business address.
- Business Proof: GST registration, Udyam certificate, or shop license.
- Income Proof: ITR (2 years), profit & loss statement, and balance sheet.
- Bank Statement: Last 6 months of business account with e-KYC verification.
- Photograph: Recent passport-size photo (digital upload).
Benefits of Business Loan in Mahendragarh
- Competitive interest rates starting at 10% p.a. in 2025.
- Loan amounts up to ₹75 lakh for business growth.
- Flexible repayment tenures up to 7 years.
- Collateral-free options for eligible SMEs.
- Quick disbursal within 3–5 days via Loanpao.
Factors Affecting Business Loan in Mahendragarh
Interest Rate
Rates range from 10% to 18% p.a., based on credit score, business turnover, and loan type (secured/unsecured).
Loan Amount
Up to ₹75 lakh, depending on business revenue and repayment capacity.
Credit Score
A score of 700+ secures better rates; scores below 650 may require collateral or higher rates.
Business Performance
Higher turnover and stable profits increase loan eligibility in Mahendragarh.
How to Apply for a Business Loan in Mahendragarh
Follow these steps to apply for a business loan in Mahendragarh through Loanpao:
- Visit loanpao.in and select "Business Loan in Mahendragarh."
- Complete the online application with personal and business details (name, Mahendragarh address, turnover).
- Upload required documents (Aadhaar, PAN, ITR, business proofs).
- Compare offers from lenders like SBI, HDFC Bank, and Bajaj Finance in Mahendragarh.
- Receive approval and funds within 3–5 days after verification.
Loan Eligibility for Business Loan in Mahendragarh
Check your eligibility for a business loan in Mahendragarh with Loanpao’s tool:
- Enter personal details (age, Mahendragarh address).
- Provide business details (turnover, years of operation).
- Submit credit score or allow e-KYC verification.
- Specify loan purpose (expansion, working capital).
Loanpao will evaluate your eligibility and recommend the best business loan offers in Mahendragarh.
Check Eligibility NowTrack Your Business Loan Application in Mahendragarh
Loanpao offers a seamless tracker for your business loan application:
- Enter your application ID on the Loanpao Tracker page.
- Receive real-time updates on status (e.g., under review, approved, disbursed).
- Get notifications for fund disbursal in Mahendragarh.
- Contact Loanpao support for assistance with delays in Mahendragarh.
Business Loan Comparison in Mahendragarh
Compare business loan offers from top lenders in Mahendragarh:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 10% p.a. | Up to ₹75 lakh | Up to 7 years | 0.5% of loan amount |
| HDFC Bank | 10.5% p.a. | Up to ₹50 lakh | Up to 5 years | Up to 1% of loan amount |
| Bajaj Finance | 11% p.a. | Up to ₹45 lakh | Up to 6 years | 1% of loan amount |
Frequently Asked Questions
Business loans can be used for working capital, inventory purchase, equipment upgrades, or business expansion in Mahendragarh.
Business loan approvals typically take 3–5 days in Mahendragarh, depending on document verification.
Loan amounts can go up to ₹75 lakh, based on business turnover and credit profile.
Yes, collateral-free loans are available for eligible SMEs with strong credit scores and turnover in Mahendragarh.
Yes, startups with at least 1 year of operations and a viable business plan can apply.
Missing an EMI may incur penalties and affect your credit score. Contact your lender immediately to discuss repayment options.