Overview of Project Loan in Manesar
A project loan in Manesar supports businesses and entrepreneurs in funding large-scale infrastructure, industrial, or commercial projects. In 2025, lenders like SBI, Axis Bank, and IDFC First Bank offer project loans in Manesar with interest rates starting at 9% per annum. Loanpao helps you compare offers, check eligibility, and apply seamlessly for project loans tailored to Manesar’s growing industrial and commercial sectors.
Eligibility Criteria for Project Loan in Manesar
| Criteria | Details |
|---|---|
| Age | 25 to 65 years |
| Residency | Must be a resident of Manesar or nearby areas with valid address proof |
| Business Type | Registered company, partnership, or LLP in Manesar |
| Income | Minimum annual turnover of ₹50 lakh |
| Credit Score | Minimum 750 preferred |
| Bank Account | Active business bank account in Manesar |
Documents Required for Project Loan in Manesar
- Identity Proof: Aadhaar Card, PAN Card, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or Rental Agreement (Manesar address).
- Business Proof: GST registration, company incorporation certificate, or partnership deed.
- Income Proof: ITR (last 3 years) and audited financials.
- Bank Statement: Last 12 months’ business bank statements.
- Project Report: Detailed project plan, cost estimates, and revenue projections.
- Photographs: 2 passport-sized photographs.
Benefits of Project Loan in Manesar
- Competitive interest rates starting at 9% per annum in 2025.
- Loan amounts up to ₹5 crore based on project scale and business turnover in Manesar.
- Flexible repayment tenure of up to 10 years.
- Subsidies available under schemes like Stand-Up India in Manesar.
- Quick disbursal for time-sensitive projects.
Factors Affecting Project Loan in Manesar
Interest Rate
Rates range from 9% to 15%, depending on lender, project viability, and government subsidies.
Loan Amount
Lenders offer up to ₹5 crore based on project cost and business financials in Manesar.
Credit Score
A score above 750 ensures better terms; lower scores may require collateral.
Project Viability
A detailed project report with clear revenue projections increases loan approval chances.
How to Apply for a Project Loan in Manesar
Follow these steps to apply for a project loan in Manesar through Loanpao:
- Visit loanpao.in and select "Project Loan in Manesar."
- Fill out the online application form with your details (name, Manesar address, business details).
- Upload required documents (Aadhaar, business proof, project report).
- Compare offers from top Manesar lenders like SBI, Axis Bank, and IDFC First Bank.
- Get approval and funds disbursed within 7-15 days in Manesar.
Loan Eligibility for Project Loan in Manesar
Check your eligibility for a project loan in Manesar with Loanpao’s eligibility tool:
- Enter your business turnover and financial details.
- Provide project report and business registration details in Manesar.
- Specify your credit score.
- Include your Manesar address for localized offers.
Loanpao will instantly assess your eligibility and suggest the best project loan offers in Manesar.
Check Eligibility NowTrack Your Project Loan Application in Manesar
Loanpao provides a seamless tracker for your project 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.
Project Loan Comparison in Manesar
Compare project loan offers from top lenders in Manesar:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 9% p.a. | Up to ₹5 crore | Up to 10 years | 1% of loan amount |
| Axis Bank | 9.5% p.a. | Up to ₹3 crore | Up to 7 years | 1.25% of loan amount |
| IDFC First Bank | 10% p.a. | Up to ₹2 crore | Up to 7 years | 1.5% of loan amount |
Frequently Asked Questions
Project loans in Manesar cover infrastructure, industrial, commercial, or renewable energy projects.
Interest rates start at 9% per annum, depending on the lender and project viability.
Project loans in Manesar can be disbursed within 7-15 days after application submission.
A credit score above 750 is preferred, but some lenders may approve with collateral or strong project reports.
The maximum tenure for a project loan in Manesar is up to 10 years.
Yes, most lenders in Manesar allow prepayment with minimal or no charges after 12 months of EMIs.
Missing an EMI can lead to late fees, a negative impact on your credit score, and potential legal action by the lender.
Top lenders in Manesar for project loans include SBI, Axis Bank, and IDFC First Bank, offering competitive rates and subsidies.
Yes, Loanpao offers a fully online application process for project loans in Manesar.
The maximum loan amount for a project loan in Manesar can go up to ₹5 crore, depending on project scale and business financials.