Overview of Business Loan in Bhiwadi
Bhiwadi, a key industrial hub in Rajasthan’s Alwar district within the NCR, is a hotspot for MSMEs and startups. Business loans in Bhiwadi provide financing for working capital, expansion, or equipment purchase, with loan amounts up to ₹80 lakh. Lenders like Bajaj Finserv, SBI, and Karnataka Bank offer rates starting at 10.25% p.a. Loanpao helps Bhiwadi entrepreneurs compare offers, check eligibility, and apply online, with disbursal in 7–15 days, supported by schemes like MUDRA and Stand-Up India.
Eligibility Criteria for Business Loan in Bhiwadi
| Criteria | Details |
|---|---|
| Age | 21 to 65 years |
| Business Experience | Minimum 2 years (MSMEs) or 3 years (others) |
| Turnover | Minimum ₹10 lakh p.a. |
| Credit Score | Minimum 700; higher scores improve terms |
| Business Registration | Valid registration in Bhiwadi (GST, Udyam, etc.) |
Documents Required for Business Loan in Bhiwadi
- Identity Proof: Aadhaar, PAN Card, Driving License, Passport, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Bhiwadi address).
- Business Proof: GST registration, Udyam certificate, shop license.
- Financial Documents: ITR (last 2 years), bank statements (last 6 months), balance sheet.
- Photograph: Recent passport-size photograph.
Benefits of Business Loan in Bhiwadi
- Loan amounts up to ₹80 lakh for working capital or expansion.
- Competitive interest rates starting at 10.25% p.a. .
- Flexible repayment tenures up to 8 years.
- Collateral-free options for loans up to ₹50 lakh under MUDRA.
- Quick disbursal within 7–15 days for Bhiwadi businesses.
Factors Affecting Business Loan in Bhiwadi
Interest Rate
Rates range from 10.25% to 18% p.a., based on credit score, turnover, and collateral.
Loan Amount
Up to ₹80 lakh, depending on business turnover and repayment capacity.
Credit Score
A score above 700 ensures better rates; lower scores may require collateral.
Business Type
Registered MSMEs and startups in Bhiwadi’s industrial sectors are prioritized.
How to Apply for a Business Loan in Bhiwadi
Follow these steps to apply for a business loan in Bhiwadi through Loanpao:
- Visit loanpao.in and select "Business Loan in Bhiwadi."
- Fill out the online application form with details (business name, Bhiwadi address, turnover).
- Upload required documents (Aadhaar, ITR, GST certificate).
- Compare offers from top Bhiwadi lenders like Bajaj Finserv, SBI, and Karnataka Bank.
- Get approval and funds disbursed within 7–15 days in Bhiwadi.
Loan Eligibility for Business Loan in Bhiwadi
Check your eligibility for a business loan in Bhiwadi with Loanpao’s tool:
- Enter your annual turnover (minimum ₹10 lakh).
- Provide your credit score (preferably above 700).
- Specify your business type (MSME, startup, etc.).
- Include your Bhiwadi business address for localized offers.
Loanpao will assess your eligibility and suggest the best business loan offers in Bhiwadi.
Check Eligibility NowTrack Your Business Loan Application in Bhiwadi
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 Bhiwadi.
- Contact Loanpao support for assistance with delays in Bhiwadi.
Business Loan Comparison in Bhiwadi
Compare business loan offers from top lenders in Bhiwadi:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| Bajaj Finserv | 10.25% p.a. | Up to ₹80 lakh | Up to 8 years | 1–2% of loan amount |
| SBI | 11.00% p.a. | Up to ₹50 lakh | Up to 7 years | 0.50–1% of loan amount |
| Karnataka Bank | 11.50% p.a. | Up to ₹75 lakh | Up to 7 years | 0.75% of loan amount |
Frequently Asked Questions
A minimum annual turnover of ₹10 lakh is required for a business loan in Bhiwadi.
Yes, collateral-free loans up to ₹50 lakh are available under schemes like MUDRA.
Business loans in Bhiwadi are disbursed within 7–15 days after document verification.
Yes, startups with at least 2 years of operations and valid registration can apply.
Missing an EMI may incur penalties and negatively impact your credit score.