Overview of MSME Loan in Mahendragarh
MSME loans in Mahendragarh support micro, small, and medium enterprises in a district with a population of ~921,680 and a semi-urban economy (963.70 km²), known for small-scale industries like manufacturing and retail. In 2025, these loans offer up to ₹50 lakh with interest rates starting at 8% p.a. and tenures up to 7 years. With government schemes like PMMY (MUDRA) and CGTMSE, Loanpao partners with lenders like SBI, SIDBI, and HDFC Bank for approvals within 7–15 days.
Eligibility Criteria for MSME Loan in Mahendragarh
| Criteria | Details |
|---|---|
| Applicant Type | Micro, small, or medium enterprise owners |
| Age | 21–65 years |
| Business Tenure | Minimum 1 year of operation |
| Annual Turnover | Up to ₹250 crore (as per MSME definition) |
| Credit Score | 650+ preferred; lower scores may qualify with collateral |
| Purpose | Working capital, equipment purchase, or business expansion |
Documents Required for MSME Loan in Mahendragarh
- Identity Proof: Aadhaar, PAN Card, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement for Mahendragarh address.
- Business Proof: GST registration, Udyam registration, or shop license.
- Financial Proof: ITR (1–2 years), bank statements (6 months), or profit/loss statement.
- Purpose Details: Business plan or loan purpose statement (e.g., working capital, machinery).
- Photograph: Recent passport-size photograph.
Benefits of MSME Loan in Mahendragarh
- Low interest rates starting at 8% p.a. in 2025.
- Loan amounts up to ₹50 lakh for business needs.
- Flexible tenures up to 7 years for affordable EMIs.
- Quick processing within 7–15 days via Loanpao’s platform.
- Government-backed schemes like MUDRA and CGTMSE for collateral-free loans.
Factors Affecting MSME Loan in Mahendragarh
Interest Rate
Rates range from 8% to 14% p.a., based on business profile, loan type, and government subsidies.
Collateral
Collateral-free loans available under CGTMSE; secured loans with assets offer lower rates.
Business Performance
Strong turnover and financial records improve loan terms and approval chances.
Credit History
Scores above 650 or a good repayment history secure better terms.
How to Apply for an MSME Loan in Mahendragarh
Follow these steps to apply for an MSME loan in Mahendragarh through Loanpao:
- Visit loanpao.in and select "MSME Loan in Mahendragarh."
- Fill out the application with personal and business details.
- Upload required documents (Aadhaar, PAN, Udyam registration, financials).
- Choose a lender (e.g., SBI, SIDBI) and loan type (e.g., MUDRA, term loan).
- Receive approval and funds within 7–15 days after verification.
Loan Eligibility for MSME Loan in Mahendragarh
Check your eligibility for an MSME loan in Mahendragarh with Loanpao’s tool:
- Enter personal and business details (age, turnover, Mahendragarh address).
- Provide purpose details (e.g., working capital, equipment).
- Submit for instant eligibility results based on lender criteria.
Loanpao matches you with the best MSME loan offers in Mahendragarh.
Check Eligibility NowTrack Your MSME Loan Application in Mahendragarh
Loanpao offers a seamless tracker for your MSME 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.
MSME Loan Comparison in Mahendragarh
Compare MSME loan offers from top lenders in Mahendragarh:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 8% p.a. | Up to ₹50 lakh | Up to 7 years | 0.5% of loan amount |
| SIDBI | 8.5% p.a. | Up to ₹25 lakh | Up to 5 years | Up to 1% of loan amount |
| HDFC Bank | 9% p.a. | Up to ₹20 lakh | Up to 5 years | Up to 1.5% of loan amount |
Frequently Asked Questions
Funds can be used for working capital, equipment purchase, business expansion, or inventory management.
Approvals typically take 7–15 days, depending on document verification and business assessment.
Up to ₹50 lakh, based on business turnover and lender policies.
Collateral-free loans are available under CGTMSE; larger loans may require assets like property.
Yes, schemes like PMMY (MUDRA) and CGTMSE offer collateral-free loans and interest subsidies.
Default may lead to seizure of collateral (if secured) or legal action by the lender, per RBI guidelines.