Overview of Project Loan in Mahendragarh
Project loans in Mahendragarh provide financing for business expansions, infrastructure development, and industrial projects, catering to the district’s semi-urban and rural population of ~921,680. In 2025, these loans offer up to ₹50 lakh with interest rates starting at 8% p.a. and tenures up to 10 years. With growing economic activity in areas like Narnaul, Loanpao connects borrowers with lenders like SBI, HDFC Bank, and SIDBI for approvals within 7–15 days.
Eligibility Criteria for Project Loan in Mahendragarh
| Criteria | Details |
|---|---|
| Applicant Type | Business owners, MSMEs, or project developers |
| Age | 21–65 years |
| Business Tenure | Minimum 2 years of operation |
| Income | Minimum ₹5 lakh p.a. (business turnover) |
| Credit Score | 650+ preferred; lower scores may require collateral |
| Project Type | Infrastructure, industrial, or business expansion projects |
Documents Required for Project 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, shop license, or incorporation certificate.
- Financial Proof: ITR (2 years), balance sheet, or bank statements (6 months).
- Project Details: Detailed project report (DPR) or business plan.
- Photograph: Recent passport-size photograph.
Benefits of Project Loan in Mahendragarh
- Competitive interest rates starting at 8% p.a. in 2025.
- Loan amounts up to ₹50 lakh for diverse project needs.
- Flexible tenures up to 10 years for affordable EMIs.
- Quick processing within 7–15 days via Loanpao’s platform.
- Support for both new and expansion projects in Mahendragarh.
Factors Affecting Project Loan in Mahendragarh
Interest Rate
Rates range from 8% to 13% p.a., based on credit score, project viability, and collateral.
Collateral
Secured loans with assets (e.g., property) offer lower rates; unsecured loans may have higher rates.
Project Viability
A strong business plan or DPR improves loan terms and approval chances.
Credit History
Scores above 650 or a good repayment history secure better terms.
How to Apply for a Project Loan in Mahendragarh
Follow these steps to apply for a project loan in Mahendragarh through Loanpao:
- Visit loanpao.in and select "Project Loan in Mahendragarh."
- Fill out the application with personal and project details.
- Upload required documents (Aadhaar, PAN, business proof, DPR).
- Choose a lender (e.g., SBI, HDFC Bank) and project type.
- Receive approval and funds within 7–15 days after verification.
Loan Eligibility for Project Loan in Mahendragarh
Check your eligibility for a project loan in Mahendragarh with Loanpao’s tool:
- Enter personal and business details (age, turnover, Mahendragarh address).
- Provide project details (type, cost, scope).
- Submit for instant eligibility results based on lender criteria.
Loanpao matches you with the best project loan offers in Mahendragarh.
Check Eligibility NowTrack Your Project Loan Application in Mahendragarh
Loanpao offers a seamless tracker for your project 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.
Project Loan Comparison in Mahendragarh
Compare project 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 10 years | 0.5% of loan amount |
| HDFC Bank | 8.5% p.a. | Up to ₹40 lakh | Up to 7 years | Up to 1% of loan amount |
| SIDBI | 9% p.a. | Up to ₹30 lakh | Up to 7 years | Up to 1.5% of loan amount |
Frequently Asked Questions
Funds can be used for business expansions, infrastructure projects, or industrial developments.
Approvals typically take 7–15 days, depending on document verification and project assessment.
Up to ₹50 lakh, based on project scope and lender policies.
Collateral like property is often required for larger loans; smaller loans may be unsecured with higher rates.
Yes, most lenders allow prepayment with minimal or no charges, subject to their policies.
Default may lead to seizure of collateral (if secured) or legal action by the lender, per RBI guidelines.