Overview of MSME Loan in Bhiwadi

Bhiwadi, a prominent industrial hub in Rajasthan’s Alwar district within the NCR, is ideal for MSMEs seeking financial support. MSME loans cater to micro, small, and medium enterprises, offering funds for working capital, machinery, or expansion. Loan amounts range from ₹1 lakh to ₹5 crore, with interest rates starting at 8.5% p.a. Lenders like SIDBI, Canara Bank, and HDFC Bank, along with schemes like MUDRA, support Bhiwadi’s MSMEs. Loanpao simplifies the process with online applications and disbursal within 7–15 days.

Eligibility Criteria for MSME Loan in Bhiwadi

Criteria Details
Business Type Micro, Small, or Medium Enterprise as per MSME Act
Turnover Up to ₹250 crore (varies by enterprise size)
Business Vintage Minimum 2 years of operation in Bhiwadi
Credit Score Minimum 650; higher scores secure better rates
Registration Udyam Registration mandatory

Documents Required for MSME Loan in Bhiwadi

  • Identity Proof: Aadhaar, PAN Card, or Voter ID of business owner.
  • Address Proof: Utility bill, Aadhaar, or rental agreement (Bhiwadi business address).
  • Business Proof: Udyam Registration, GST certificate, shop license.
  • Financial Documents: ITR (last 2 years), bank statements (last 12 months), balance sheet.
  • Photograph: Recent passport-size photograph of owner.

Benefits of MSME Loan in Bhiwadi

  • Loan amounts from ₹1 lakh to ₹5 crore for business needs.
  • Competitive interest rates starting at 8.5% p.a. .
  • Flexible repayment tenures up to 7 years.
  • Collateral-free options under schemes like MUDRA in Bhiwadi.
  • Quick disbursal within 7–15 days.

Factors Affecting MSME Loan in Bhiwadi

Interest Rate

Rates range from 8.5% to 16% p.a., depending on credit score, business turnover, and loan type.

Loan Amount

Based on business turnover, repayment capacity, and project viability.

Credit Score

A score above 650 ensures better terms; lower scores may require collateral.

Business Type

Manufacturing and service MSMEs in Bhiwadi may have different eligibility criteria.

How to Apply for an MSME Loan in Bhiwadi

Follow these steps to apply for an MSME loan in Bhiwadi through Loanpao:

  1. Visit loanpao.in and select "MSME Loan in Bhiwadi."
  2. Fill out the online application form with business details (name, Bhiwadi address, turnover).
  3. Upload required documents (Udyam certificate, ITR, bank statements).
  4. Compare offers from top Bhiwadi lenders like SIDBI, Canara Bank, and HDFC Bank.
  5. Get approval and funds disbursed within 7–15 days in Bhiwadi.

Loan Eligibility for MSME Loan in Bhiwadi

Check your eligibility for an MSME loan in Bhiwadi with Loanpao’s tool:

  • Enter business details (type, turnover, years of operation).
  • Provide credit score (preferably above 650).
  • Include Udyam Registration number.
  • Specify Bhiwadi business address for localized offers.

Loanpao will assess your eligibility and suggest the best MSME loan offers in Bhiwadi.

Check Eligibility Now

Track Your MSME Loan Application in Bhiwadi

Loanpao provides a seamless tracker for your MSME 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.
Track Application Now

MSME Loan Comparison in Bhiwadi

Compare MSME loan offers from top lenders in Bhiwadi:

Lender Interest Rate Loan Amount Tenure Processing Fee
SIDBI 8.5% p.a. Up to ₹5 crore Up to 7 years 0.5–1% of loan amount
Canara Bank 9.0% p.a. Up to ₹2 crore Up to 5 years 0.5% of loan amount
HDFC Bank 8.75% p.a. Up to ₹3 crore Up to 7 years 0.5–1% of loan amount

Frequently Asked Questions

Collateral-free loans are available under schemes like MUDRA; larger loans may require security.

MSME loans in Bhiwadi can be disbursed within 7–15 days after document verification.

A minimum credit score of 650 is required for better loan terms in Bhiwadi.

New businesses may qualify under schemes like MUDRA, but most lenders require 2 years of operation.

Missing an EMI may incur penalties and negatively impact your credit score.