Apply for Business Loan Starting From 16% p.a. 
Lendingkart Business Loan Highlights – October 2022 | |
| Interest Rate | 1.5% – 2% per month |
| Repayment Tenure | 1 month – 3 years |
| Loan Amount | Rs. 50,000 – Rs. 2 crore |
| Collateral/Security | Not required |
| Processing Fee | 2% – 3% of the sanctioned loan amount |
| Pre-closure Charges | Nil* |
| Business Turnover | More than Rs. 90,000 for 3 months |
| Payment Options | Monthly / Biweekly |
*Pre-closures are only allowed after the first EMI is paid in full.
Note: Interest Rates are updated as on October 2022.
Lendingkart Finance is a non-deposit-taking Non-banking Financial Company (NBFC) that offers business loans, MSME loans, and working capital loans to individuals, self-employed professionals, sole proprietorships, partnerships firms, private limited companies, and MSMEs.
No collateral/security is required in availing business loans from Lendingkart Finance. Small business loans, MSME loans, and business loans for women entrepreneurs can be used for expansion and investment purposes in operations, inventory, infrastructure, and plant & machinery.
Appy for Business Loan starting @ 16% p.a. Apply Now
Comparison of Business Loan Interest Rates offered by Top Banks/NBFCs
| Bank/NBFCs | Interest Rate | |
| HDFC Bank | 10.00% – 22.50% p.a. | Apply Now |
| FlexiLoans | 1% per month onwards | Apply Now |
| ZipLoan | 1% – 1.5% per month (Flat ROI) | |
| Axis Bank | 14.25% – 18.50% p.a. | Apply Now |
| IDFC First Bank | 14.50% onwards | |
| Kotak Mahindra Bank | 16% – 19.99% | Apply Now |
| Fullerton Finance | 17% – 21% | |
| Bajaj Finserv | 17% p.a. onwards | Apply Now |
| RBL Bank | 17.50% – 25% p.a. | Apply Now |
| ICICI Bank | 17% onwards | |
| Indifi Finance | 1.5% per month onwards | Apply Now |
| Lendingkart Finance | 1.5% – 2% per month | Apply Now |
| Tata Capital Finance | 19% p.a. onwards | Apply Now |
| NeoGrowth Finance | 19% – 24% p.a. | Apply Now |
| Hero FinCorp | Up to 26% p.a. | Apply Now |
Note: Business loan interest rates are updated as on October 2022.
Best SME/MSME Loan offers are just a click away Apply Now
Eligibility Criteria
- Business should have been in the operations for past 6 months
- Minimum turnover of more than Rs. 90,000 for 3 months
- Physical location of the business should not be on the list of negative area
- Charitable institutions, NGOs, and trusts are not eligible for small business loans
- Applicants should not have defaulted with any Bank/NBFC in past
- Business should not fall under the blacklisted/excluded list
Documents Required
- PAN Card
- Aadhar Card
- Bank Statement
- Registration Proof
- Partnership Deed*
- Company PAN*
*Only for Partnership firms, Pvt. Ltd or LCC Companies.
Get Business Loan for Startups at Lowest Interest Rates Apply Now
Business Loan for Women Entrepreneurs
Loan Details:
- Interest Rate: 15% p.a. – 27% p.a.*
- Loan Amount: Rs. 50,000 – Rs. 2 crore
- Processing Fees: 2-3% of the sanctioned loan amount
- Repayment Tenure: Up to 3 years
- Pre-closure Charges: Nil**
- Eligibility Criteria: Rs. 90,000 Turnover For 3 Months
- Installments: Flexible Monthly/Bi-weekly
*Based on the annual Turnover, Revenue, and health of the business.
**Pre-closures are only allowed after the first EMI is paid in full.
FAQs
Q. Is there any collateral required to avail business loan from Lendingkart Finance?
Ans. No, collateral or security is not required by the company as they offer unsecured business loans.
Q. What are the pre-closure charges of the business loan?
Ans. No pre-closure charges or hidden fees are charged by Lendingkart Finance (shall vary from case to case).
Q. What is the minimum turnover required for a business loan from Lendingkart Finance?
Ans. Minimum turnover of Rs. 90,000 or more for 3 months makes you eligible to avail business loan.
Q. Do Lendingkart Finance offer business loans to vendors with low credit score?
Ans. Not always but still there are chances of getting business loans with higher interest rates.
Q. If I do not get funds then what should I do?
Ans. The best thing to do is to get the evaluation done and again approach the group NBFC for the same.
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