Lendingkart Business Loan

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Business Loan at lowest interest rates

  • Offers from India's top banks & NBFCs
  • Easy, transparent & convenient processes
  • Quick disbursals

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*Offers are from Paisabazaar's partner Banks & NBFCs.

Updated: 16-09-2019 10:49:33 AM

Lendingkart Finance is a non-deposit taking Non-banking Financial Company (NBFC) that offers business and working capital loans to Small and Medium-Sized Enterprises (SMEs) throughout the nation. Online access is provided to the applicants with a hassle-free documentation process.

There is no collateral required in taking business loan from Lendingkart Finance. The company does not consider customers’ past financial statements & ITRs in order to evaluate the credit risk profile of its customers. Small business loans can be used for the investment purposes in operations, infrastructure, and plant and machinery.

Lendingkart Finance Business Loan Interest Rate 2019

Interest Rate15% onwards
Loan TenureMax. up to 12 months
Loan AmountUp to Rs. 1 cr
CollateralNot required
Processing Fee1-2% of the loan amount (one-time)
Pre-closure Charges Nil
Eligibility CriteriaMore than Rs. 90,000 turnover for 3 months
Loan Sanctioning TimeWithin 3 working days

Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges

Eligibility Criteria for Business Loan
Documents Required
Benefits of Lendingkart Finance Business Loan
Frequently Asked Questions

Eligibility Criteria for Business Loan

  • Business should have been in the operations for past 6 months
  • Minimum turnover of ₹ 90,000 or more in the 3 months preceding your loan application
  • Business should not fall under blacklisted / excluded list
  • Physical location of business should not be in the list of negative area
  • Charitable institutions, NGOs and trusts are not eligible for small business loans

Calculate your Monthly EMI on – Business Loan EMI Calculator

Documents Required

CategoryProprietorshipPartnershipPvt. Ltd. / LLC / One Person Company
Bank statement (12 months)      Required       Required       Required
Business registration proof      Required       Required       Required
Proprietor(s) PAN Card Copy      Required        Required      Required
Pre-close Proprietor(s) Aadhar Card Copy      Required        Required       Required
Partnership Deed Copy   Not required        Required   Not required
Company PAN Card Copy   Not required     Not required       Required

Benefits of Lendingkart Finance Business Loan

Ownership is preserved

Business loan offered is an unsecured loan and there is no risk of losing assets or giving away any stock as an investment. Hence, the business ownership is preserved and business loan offers with amount to expand your company ever further.

Quick loan processing

Quick processing means faster credit for your business at lesser time as compared to other market leaders. It becomes a possibility that profit margin of your business may increase with instant cash at disposal. It saves time and provides an option to improve the business operations.

Cash flow gets streamlined

Loan amount is to be repaid in EMIs, so it becomes easy for the entrepreneur to capitalize on the situation wherein the cash flow is not a problem. Post loan sanctioning, the business is given ample cash and time to make it profitable.

Credit Score gets improved

Business loan offered by NBFCs tend to report it to all credit bureaus which further results in gradual increase in the credit score. Lendingkart Finance makes sure that the credit score gets improved, if it is bit low due to several market scenarios.

Frequently Asked Questions

Ques. How much loan amount I can get as business loan?

Ans. Maximum of Rs. 1 cr can be availed as a business loan from Lendingkart Finance

Ques. What is the interest rate offered?

Ans. Interest rates offered by Lendingkart Finance starts from 15% and goes uptil 27%.

Ques. What is the possibility of getting a loan sanctioned?

Ans. As the company offers a range of ticket-sizes, it increases the chances of loan approval.

Ques. Is there any collateral required to avail the business loan from Lendingkart Finance?

Ans. No, collateral is not required, as it is an unsecured loan.

Ques. What are the pre-closure charges of the business loan?

Ans. No pre-closure charges or hidden fees.

Ques. What is the minimum turnover required for business loan from Lendingkart Finance?

Ans. Minimum turnover of Rs. 90000 or more in last 3 months makes you eligible to avail business loan.

Ques. Do Lendingkart Finance offers business loan to vendors with low credit/CIBIL score?

Ans. Not always but still there are chances of getting business loans with higher interest rates.

Ques. How much time does Lendingkart takes in sanctioning a business loan?

Ans. Loan sanctioning by Lendingkart is comparatively faster as compared to other lenders and it sanctioned within 3 working days.

Ques. If I do not get funds then what should I do?

Ans. Best thing to do is getting the evaluation done and again approach the group NBFC for the same.

Ques. How much time does evaluation takes?

Ans. It takes around 1 – 3 working days.

Ques. What are the repayment options of the availed business loan?

Ans. You can repay the loan amount by biweekly and monthly payments.

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