Overview of MSME Loan in Rewari
MSME loans in Rewari provide financial support for micro, small, and medium enterprises to start, expand, or manage operations. In 2025, lenders like SIDBI, Canara Bank, and HDFC Bank offer MSME loans with interest rates starting at 8% per annum, covering working capital, machinery purchase, and business expansion. Loanpao helps Rewari business owners compare offers, check eligibility, and apply for MSME loans seamlessly.
Eligibility Criteria for MSME Loan in Rewari
| Criteria | Details |
|---|---|
| Business Type | Micro, Small, or Medium Enterprises as per MSME Act |
| Residency | Business must be registered in Rewari with valid address proof |
| Business Vintage | Minimum 2 years of operation |
| Turnover | Minimum annual turnover of ₹10 lakh |
| Credit Score | Minimum 650 preferred |
| Applicant | Proprietor, partner, or director of the MSME in Rewari |
Documents Required for MSME Loan in Rewari
- Identity Proof: Aadhaar Card, PAN Card, or Voter ID of the applicant.
- Address Proof: Utility bill, Aadhaar, or Rental Agreement (Rewari address).
- Business Proof: MSME registration certificate, GST registration, or Shop Act License.
- Financials: ITR (last 2 years), balance sheet, and profit & loss statement.
- Bank Statement: Last 12 months’ business bank statements.
- Project Report: Business plan or loan utilization plan (if applicable).
- Photographs: 2 passport-sized photographs of the applicant.
Benefits of MSME Loan in Rewari
- Competitive interest rates starting at 8% per annum in 2025.
- Loan amounts up to ₹2 crore, depending on business size and need.
- Flexible repayment tenure of up to 7 years.
- Collateral-free loans available under schemes like CGTMSE.
- Quick disbursal within 7-15 days for verified applicants in Rewari.
Factors Affecting MSME Loan in Rewari
Interest Rate
Rates range from 8% to 15%, depending on lender, business profile, and credit score.
Loan Amount
Up to ₹2 crore, based on turnover, financials, and repayment capacity in Rewari.
Credit Score
A score above 650 ensures better terms; lower scores may require collateral.
Business Financials
Strong turnover and profitability improve loan approval chances in Rewari.
How to Apply for an MSME Loan in Rewari
Follow these steps to apply for an MSME loan in Rewari through Loanpao:
- Visit loanpao.in and select "MSME Loan in Rewari."
- Fill out the online application form with business details (name, Rewari address, turnover).
- Upload required documents (MSME certificate, ITR, bank statements).
- Compare offers from top Rewari lenders like SIDBI, Canara Bank, and HDFC Bank.
- Get approval and funds disbursed within 7-15 days in Rewari.
Loan Eligibility for MSME Loan in Rewari
Check your eligibility for an MSME loan in Rewari with Loanpao’s eligibility tool:
- Enter business details (type, turnover, years of operation).
- Provide Rewari address and applicant’s credit score.
- Include financial details (ITR, balance sheet).
- Specify loan purpose (working capital, machinery, expansion).
Loanpao will instantly assess your eligibility and suggest the best MSME loan offers in Rewari.
Check Eligibility NowTrack Your MSME Loan Application in Rewari
Loanpao provides a seamless tracker for your MSME 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 Rewari.
- Contact Loanpao support for assistance with delays in Rewari.
MSME Loan Comparison in Rewari
Compare MSME loan offers from top lenders in Rewari:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SIDBI | 8% p.a. | Up to ₹1 crore | Up to 7 years | 0.5% of loan amount |
| Canara Bank | 8.5% p.a. | Up to ₹1.5 crore | Up to 6 years | 1% of loan amount |
| HDFC Bank | 9% p.a. | Up to ₹2 crore | Up to 5 years | Up to 1.5% of loan amount |
Frequently Asked Questions
Yes, collateral-free MSME loans are available in Rewari under schemes like CGTMSE, up to ₹2 crore, depending on eligibility.
Interest rates start at 8% per annum, depending on the lender, business profile, and credit score.
MSME loans in Rewari can be disbursed within 7-15 days after application submission, depending on document verification.
MSME registration is preferred but not always mandatory; alternative business proofs like GST registration may suffice.
The maximum tenure for an MSME loan in Rewari is up to 7 years.
Yes, most lenders in Rewari allow prepayment with minimal or no charges after 6 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 Rewari for MSME loans include SIDBI, Canara Bank, and HDFC Bank, offering competitive rates and fast disbursal.
Yes, Loanpao offers a fully online application process for MSME loans in Rewari.
The maximum loan amount for an MSME loan in Rewari is up to ₹2 crore, depending on business size and financials.