Overview of Corporate Loan in Sonipat

Corporate loans in Sonipat provide large-scale financing for established businesses, supporting expansion, acquisitions, working capital, and operational needs in Sonipat’s growing industrial and commercial hub.

Eligibility Criteria

Criteria Details
Applicant Type Private/public limited companies, LLPs
Business Age Minimum 5 years
Turnover ₹10 crore p.a. (minimum)
Credit Score 750+
Collateral Property, shares, or fixed assets (optional)
Business Plan Detailed plan for fund utilization

Documents Required

  • Identity Proof: PAN Card, Aadhaar (for directors)
  • Business Proof: Incorporation certificate, GST registration
  • Financials: Audited balance sheets, ITR (3 years)
  • Bank Statements: Last 12 months
  • Collateral Documents: Property deeds, share certificates (if applicable)
  • Business Plan: Detailed proposal for loan usage

Benefits of Corporate Loan in Sonipat

  • High loan amounts up to ₹100 crore
  • Competitive rates starting at 8.5% p.a.
  • Flexible tenures up to 10 years
  • Financing for expansion, acquisitions, or working capital
  • Customized repayment schedules for corporates

Compare Corporate Loan Lenders in Sonipat

Lender Interest Rate Loan Amount Tenure Processing Fee
HDFC Bank 8.5% p.a. Up to ₹100 crore 10 years 0.5%
ICICI Bank 9% p.a. Up to ₹75 crore 8 years 0.75%
Axis Bank 9.5% p.a. Up to ₹50 crore 7 years 1%

Frequently Asked Questions

What can a corporate loan be used for in Sonipat?

Business expansion, acquisitions, working capital, or debt consolidation.

Is collateral required for corporate loans?

Collateral is optional; unsecured loans are available for creditworthy corporates.

How long does it take to get a corporate loan approved?

15–30 days, depending on documentation and financial evaluation.

Can new companies apply for corporate loans?

Companies with less than 5 years may face stricter criteria but can apply with strong financials.

Are there government-backed corporate loans?

Yes, schemes like SIDBI or MUDRA may offer support for specific corporate needs.

What happens if I default on a corporate loan?

Lenders may seize collateral (if applicable), initiate recovery, and the company’s credit rating will be impacted.

Promotional Offers for 2025

  • Interest rates starting at 8.5% p.a. for corporate loans in Sonipat
  • Waived processing fees for applications before 31st May 2025
  • Free corporate loan eligibility check via Loanpao
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