Overview of Industrial Loan in Mahendragarh
Industrial loans in Mahendragarh support small-scale industries, manufacturing units, and processing plants, catering to the district’s semi-urban and rural economy with a population of ~921,680. In 2025, these loans offer up to ₹5 crore with interest rates starting at 8% p.a. and tenures up to 15 years. With a rural area of 963.70 km² and growing industrial activity in areas like Narnaul, Loanpao connects borrowers with lenders like SIDBI, SBI, and Canara Bank for approvals within 7–15 days.
Eligibility Criteria for Industrial Loan in Mahendragarh
| Criteria | Details |
|---|---|
| Applicant Type | Business owners, partnerships, or private limited companies |
| Age | 21–65 years (for individual applicants) |
| Business Turnover | Minimum ₹50 lakh p.a. |
| Business Vintage | At least 2 years of operation in Mahendragarh or nearby areas |
| Credit Score | 700+ preferred; 650+ may qualify with higher rates |
| Industry Type | Manufacturing, processing, or small-scale industries |
Documents Required for Industrial Loan in Mahendragarh
- Identity Proof: Aadhaar, PAN Card, or Voter ID of business owners/directors.
- Address Proof: Utility bill, Aadhaar, or rental agreement for Mahendragarh business address.
- Business Proof: GST registration, Udyam certificate, or company incorporation documents.
- Financial Documents: ITR (2 years), balance sheet, profit & loss statement, bank statements (12 months).
- Collateral Documents: Property papers or asset details (if secured loan).
- Project Report: Business plan or project report for loan purpose.
Benefits of Industrial Loan in Mahendragarh
- Competitive interest rates starting at 8% p.a. in 2025.
- Loan amounts up to ₹5 crore for industrial expansion.
- Flexible tenures up to 15 years for affordable repayments.
- Quick disbursal within 7–15 days via Loanpao’s platform.
- Support for both secured and unsecured industrial loans.
Factors Affecting Industrial Loan in Mahendragarh
Interest Rate
Rates range from 8% to 14% p.a., based on credit score, business turnover, and collateral.
Collateral
Secured loans with property or machinery as collateral offer lower rates; unsecured loans have higher rates.
Business Financials
Higher turnover and profitability improve loan terms and approval chances.
Credit Score
Scores above 700 secure better rates; lower scores may increase costs.
How to Apply for an Industrial Loan in Mahendragarh
Follow these steps to apply for an industrial loan in Mahendragarh through Loanpao:
- Visit loanpao.in and select "Industrial Loan in Mahendragarh."
- Complete the online application with business and personal details.
- Upload required documents (Aadhaar, PAN, financials, project report).
- Choose a lender (e.g., SIDBI, SBI) and loan type (secured/unsecured).
- Receive approval and funds within 7–15 days after verification.
Loan Eligibility for Industrial Loan in Mahendragarh
Check your eligibility for an industrial loan in Mahendragarh with Loanpao’s tool:
- Enter business details (turnover, vintage, Mahendragarh address).
- Provide financial details (ITR, balance sheet).
- Submit for instant eligibility results based on lender criteria.
Loanpao matches you with the best industrial loan offers in Mahendragarh.
Check Eligibility NowTrack Your Industrial Loan Application in Mahendragarh
Loanpao offers a seamless tracker for your industrial loan application:
- Enter your application ID on the Loanpao Tracker page.
- Receive real-time updates on status (e.g., document verification, approved, disbursed).
- Get notifications for fund disbursal in Mahendragarh.
- Contact Loanpao support for assistance with delays in Mahendragarh.
Industrial Loan Comparison in Mahendragarh
Compare industrial loan offers from top lenders in Mahendragarh:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SIDBI | 8% p.a. | Up to ₹5 crore | Up to 15 years | 0.5% of loan amount |
| SBI | 8.5% p.a. | Up to ₹3 crore | Up to 12 years | 0.75%–1% of loan amount |
| Canara Bank | 9% p.a. | Up to ₹2 crore | Up to 10 years | Up to 1% of loan amount |
Frequently Asked Questions
Small-scale manufacturing, processing, and industrial units, such as textile, food processing, or machinery production.
Approvals typically take 7–15 days, depending on document verification and collateral assessment.
Up to ₹5 crore, based on business turnover, project viability, and collateral.
Yes, unsecured loans are available but come with higher interest rates and stricter eligibility criteria.
Yes, most lenders allow prepayment with minimal or no charges after a lock-in period, per their policies.
Default may lead to seizure of collateral (for secured loans) or legal action by the lender, per RBI guidelines.