Overview of Project Loan in Rewari
Rewari, a growing industrial and commercial hub in Haryana, offers project loans to finance large-scale business ventures, infrastructure development, or expansion projects. These loans range from ₹10 lakh to ₹100 crore, with interest rates starting at 9% p.a. Lenders like Axis Bank, SBI, and SIDBI provide tailored solutions with disbursal within 15–30 days. Loanpao simplifies the application process with online tools and eligibility checks for Rewari businesses.
Eligibility Criteria for Project Loan in Rewari
| Criteria | Details |
|---|---|
| Age | 21–65 years |
| Business Type | Private/public limited companies, partnerships, or LLPs in Rewari |
| Credit Score | 750+ preferred; 700+ may qualify with collateral |
| Business Turnover | Minimum ₹50 lakh annually |
| Business Vintage | Minimum 3 years of operations |
Documents Required for Project Loan in Rewari
- Identity Proof: Aadhaar, PAN Card, or Passport.
- Address Proof: Utility bill, rental agreement, or Aadhaar (Rewari-specific).
- Business Proof: Certificate of incorporation, partnership deed, or LLP agreement.
- Financial Documents: ITR (3 years), audited balance sheet, profit & loss statement.
- Bank Statements: Last 12 months of business accounts.
- Project Report: Detailed project plan, cost estimates, and revenue projections.
Benefits of Project Loan in Rewari
- Loan amounts from ₹10 lakh to ₹100 crore for business projects.
- Competitive interest rates starting at 9% p.a.
- Flexible repayment tenures from 3 to 15 years.
- Disbursal within 15–30 days in Rewari.
- Customized loan structuring for large-scale projects.
Factors Affecting Project Loan in Rewari
Credit Rating
High credit scores (750+) secure better terms; lower scores may require collateral.
Project Viability
Detailed project reports with strong revenue projections improve approval chances.
Business Financials
Robust turnover and profitability are critical for approval.
Collateral
Assets like property or equipment can lower interest rates.
How to Apply for a Project Loan in Rewari
Follow these steps to apply for a project loan in Rewari through Loanpao:
- Visit loanpao.in and select "Project Loan in Rewari."
- Complete the online application with business and project details.
- Upload documents (ID proof, business proof, financials, project report).
- Compare offers from lenders like Axis Bank, SBI, and SIDBI in Rewari.
- Get approval and funds disbursed within 15–30 days.
Loan Eligibility for Project Loan in Rewari
Check your eligibility for a project loan in Rewari with Loanpao’s tool:
- Enter business details (turnover, vintage, type).
- Provide credit score and financial details.
- Submit Rewari address proof and project report.
- Include bank statements for accurate assessment.
Loanpao will evaluate your eligibility and recommend the best project loan offers in Rewari.
Check Eligibility NowTrack Your Project Loan Application in Rewari
Loanpao offers a seamless tracker for your project loan application:
- Submit your application ID on the Loanpao Tracker page.
- Monitor real-time status updates (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Rewari.
- Contact Loanpao support for assistance with delays in Rewari.
Project Loan Comparison in Rewari
Compare project loan offers from top lenders in Rewari:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| Axis Bank | 9.0% p.a. | ₹10 lakh–₹50 crore | 3–12 years | 0.5–2% of loan amount |
| SBI | 9.25% p.a. | ₹10 lakh–₹75 crore | 3–15 years | 0.75–2% of loan amount |
| SIDBI | 8.75% p.a. | ₹25 lakh–₹100 crore | 3–15 years | 0.5–1.5% of loan amount |
Frequently Asked Questions
Financing large-scale business ventures, infrastructure projects, or expansions.
Disbursal typically takes 15–30 days after document and project verification.
A score of 750+ is preferred; 700+ may qualify with collateral or strong financials.
Yes, businesses with ₹50 lakh turnover and 3 years of operations may qualify.
Collateral is often required for large loans but may be waived for smaller amounts with strong financials.