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 2020
|Interest Rate||18% onwards|
|Repayment Tenure||Min. 3 months & Max. up to 36 months|
|Loan Amount||Up to Rs. 1 crore|
|Processing Fee||1-2% of the loan amount (one-time)|
|Eligibility Criteria||More than Rs. 90,000 turnover for 3 months|
|Loan Sanctioning Time||Within 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