Overview of Industrial Loan in Manesar
Industrial loans in Manesar support businesses in financing machinery, factory expansion, or working capital needs. In 2025, lenders like SIDBI, SBI, and ICICI Bank offer industrial loans in Manesar with interest rates starting at 9% per annum. Loanpao helps you compare offers, check eligibility, and apply seamlessly for an industrial loan tailored to your business needs in Manesar.
Eligibility Criteria for Industrial Loan in Manesar
| Criteria | Details |
|---|---|
| Business Age | Minimum 3 years of operation |
| Annual Turnover | Minimum ₹50 lakh per year |
| Residency | Business registered in India with valid address proof in Manesar |
| Collateral | Property, machinery, or fixed assets (for secured loans) |
| Credit Score | Above 700 preferred |
Documents Required for Industrial Loan in Manesar
- Business Proof: GST registration, Udyam certificate, or partnership deed.
- Identity Proof: Aadhaar Card, PAN Card of business owners.
- Address Proof: Utility bill or rental agreement (Manesar address).
- Financial Documents: ITR (3 years), balance sheet, profit & loss statement, bank statements (12 months).
- Collateral Documents: Property papers or asset details (if applicable).
- Project Report: Detailed plan for loan utilization (e.g., machinery purchase, expansion).
Benefits of Industrial Loan in Manesar
- Competitive interest rates starting at 9% per annum in 2025.
- Loan amounts up to ₹10 crore for expansion or machinery purchase.
- Quick disbursal within 7-15 days in Manesar.
- Flexible repayment tenure of 1 to 15 years.
- Tax benefits on interest paid for business loans.
Factors Affecting Industrial Loan in Manesar
Interest Rate
Rates range from 9% to 15%, depending on credit score, collateral, and lender.
Loan Amount
Up to ₹10 crore, based on business turnover and collateral value.
Credit Score
A score above 700 ensures better rates and approval chances.
Business Financials
Strong revenue and profit margins increase loan eligibility.
How to Apply for an Industrial Loan in Manesar
Follow these steps to apply for an industrial loan in Manesar through Loanpao:
- Visit loanpao.in and select "Industrial Loan in Manesar."
- Fill out the online application form with business details (name, Manesar address, turnover).
- Upload required documents (GST registration, financials, project report).
- Choose a lender and loan purpose (machinery, expansion, working capital).
- Get approval and funds disbursed within 7-15 days in Manesar.
Loan Eligibility for Industrial Loan in Manesar
Check your eligibility for an industrial loan in Manesar with Loanpao’s eligibility tool:
- Confirm your business is at least 3 years old.
- Enter annual turnover (minimum ₹50 lakh).
- Provide a valid Manesar business address.
- Check credit score (above 700 preferred).
Loanpao will instantly assess your eligibility and suggest the best industrial loan offers in Manesar.
Check Eligibility NowTrack Your Industrial Loan Application in Manesar
Loanpao provides a seamless tracker for your industrial loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on your application status (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Manesar.
- Contact Loanpao support for assistance with delays in Manesar.
Industrial Loan Comparison in Manesar
Compare industrial loan offers from top lenders in Manesar:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SIDBI | Wallpapers9% p.a. | Up to ₹5 crore | 1 to 10 years | 0.5% of loan amount |
| SBI | 9.5% p.a. | Up to ₹10 crore | 1 to 15 years | 1% of loan amount |
| ICICI Bank | 10% p.a. | Up to ₹7 crore | 1 to 12 years | 1.5% of loan amount |
Frequently Asked Questions
You can finance machinery, factory expansion, or working capital needs with an industrial loan in Manesar.
Interest rates for industrial loans in Manesar start at 9% per annum, depending on the lender.
Industrial loans in Manesar can be disbursed within 7-15 days after application.
Collateral like property or machinery is required for secured industrial loans, but unsecured options may be available for smaller amounts.
The maximum tenure for an industrial loan in Manesar is up to 15 years.
Yes, most lenders in Manesar allow prepayment with minimal charges after 6 months.
Missing an EMI can lead to late fees, asset seizure (for secured loans), and a negative impact on your credit score.
Top lenders in Manesar for industrial loans include SIDBI, SBI, and ICICI Bank, offering competitive rates and quick disbursal.
Yes, Loanpao offers a fully online application process for industrial loans in Manesar.
The maximum loan amount is up to ₹10 crore, depending on business financials and collateral.