Overview of Business Loan in Sohna
Sohna, a growing hub near Gurugram, is home to numerous small businesses and startups. Business loans in Sohna for 2025 provide financing for expansion, working capital, or equipment purchase, with interest rates starting at 11% p.a. Lenders like SBI, Bajaj Finance, and NeoGrowth offer loans from ₹1 lakh to ₹50 crore, with tenures up to 7 years. Loanpao simplifies the process for Sohna entrepreneurs by offering online applications, MUDRA scheme integration, and lender comparisons.
Eligibility Criteria for Business Loan in Sohna
| Criteria | Details |
|---|---|
| Age | 21 to 65 years |
| Business Vintage | Minimum 2 years of operation |
| Turnover | Minimum ₹10 lakh p.a. (varies by lender) |
| Credit Score | Minimum 650; higher scores improve terms |
| Residence/Business | Valid Sohna address proof for business location |
Documents Required for Business Loan in Sohna
- Identity Proof: Aadhaar, PAN Card, Driving License, Passport, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Sohna business address).
- Business Proof: GST registration, shop license, Udyam registration.
- Financial Documents: ITR (last 2 years), bank statements (last 6 months), balance sheet.
- Photograph: Recent passport-size photograph.
Benefits of Business Loan in Sohna
- Loan amounts from ₹1 lakh to ₹50 crore for diverse business needs.
- Competitive interest rates starting at 11% p.a. in 2025.
- Flexible repayment tenures up to 7 years.
- Access to MUDRA and CGTMSE schemes for Sohna SMEs.
- Quick disbursal within 3–7 days post-document verification.
Factors Affecting Business Loan in Sohna
Interest Rate
Rates range from 11% to 18% p.a., based on credit score, business turnover, and loan type.
Loan Amount
From ₹1 lakh to ₹50 crore, depending on business revenue and repayment capacity.
Credit Score
A score above 650 ensures better rates; lower scores may require collateral.
Business Performance
Stable revenue and profitability in Sohna increase loan approval chances.
How to Apply for a Business Loan in Sohna
Follow these steps to apply for a business loan in Sohna through Loanpao:
- Visit loanpao.in and select "Business Loan in Sohna."
- Fill out the online application form with details (business name, Sohna address, turnover).
- Upload required documents (Aadhaar, GST registration, financials).
- Compare offers from top Sohna lenders like SBI, Bajaj Finance, and NeoGrowth.
- Get approval and funds disbursed within 3–7 days in Sohna.
Loan Eligibility for Business Loan in Sohna
Check your eligibility for a business loan in Sohna with Loanpao’s tool:
- Enter your annual business turnover (minimum ₹10 lakh).
- Provide your credit score (preferably above 650).
- Specify your business vintage (minimum 2 years).
- Include your Sohna business address for localized offers.
Loanpao will assess your eligibility and suggest the best business loan offers in Sohna.
Check Eligibility NowTrack Your Business Loan Application in Sohna
Loanpao provides a seamless tracker for your business loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on status (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Sohna.
- Contact Loanpao support for assistance with delays in Sohna.
Business Loan Comparison in Sohna
Compare business loan offers from top lenders in Sohna:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 11.00% p.a. | Up to ₹20 crore | Up to 7 years | 0.5–1% of loan amount |
| Bajaj Finance | 12.50% p.a. | Up to ₹45 lakh | Up to 5 years | 2% of loan amount |
| NeoGrowth | 14.00% p.a. | Up to ₹75 lakh | Up to 4 years | 1–2% of loan amount |
Frequently Asked Questions
A minimum annual turnover of ₹10 lakh is required for a business loan in Sohna.
Business loans in Sohna are disbursed within 3–7 days after document verification.
The maximum loan amount is up to ₹50 crore, depending on business turnover and repayment capacity.
Yes, startups with at least 2 years of operation and stable revenue can apply in Sohna.
Yes, collateral-free loans are available under schemes like MUDRA and CGTMSE for eligible Sohna businesses.