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Lendingkart Business Loan Highlights |
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| Interest Rate | 1.25% per month onwards |
| Loan Amount | Up to Rs 2 crore |
| Tenure | Up to 3 years |
| Processing Fee | 2%-5% |
Table of Contents
Lendingkart Business Loan Interest Rates
| Loan Products | Interest Rates (p.a.) |
| Business Loan | 1.25% per month onwards |
| Working Capital Loan | 1.25% per month onwards |
| MSME Borrowers | 1.25% per month onwards |
| Business Loan for Women | 1.25% per month onwards |
Lendingkart Business Loan Fees and Charges
| Loan Products | Fees and Charges |
| Processing Fees | 2%-5% |
| Pre-closure Charges | NIL |
| Penalty for late payment | Rs 300 (fixed) and 36% on overdue amount |
Types of Lendingkart Business Loan
Lendingkart Business Loan
Purpose: Lendingkart offers collateral-free business loans to India’s small and medium enterprises for growth and expansion of their business venture. The NBFC offers online business loan processing and claims to disburse the loans within 3 days of loan application
Loan Amount: Up to Rs 2 crore
Tenure: Up to 3 years
Lendingkart Working Capital Loan
Purpose: Lendingkart offers collateral-free working capital loans to small and medium enterprises for running their everyday operations. The NBFC claims to process working capital loans within 72 hours of loan application.
Loan Amount: Up to Rs 2 crore
Tenure: Up to 3 years
Lendingkart MSME/SME Loans
Purpose: Lendingkart offers unsecured MSME loans to startup owners, women entrepreneurs and small business owners to meet their business requirements
Loan Amount: Up to Rs 2 crore
Tenure: Up to 3 years
Lendingkart Business Loan for Women
Purpose: Lendingkart offers unsecured business loans to women entrepreneurs for their business growth. The NBFC claims to provide online loan approval process, which enables the NBFC to offer loans on the same day.
Loan Amount: Up to Rs 2 crore
Tenure: Up to 3 years
Eligibility Criteria for Availing Lendingkart Business Loans
- Established businesses that have been functional for more than 6 months are eligible for Lendingkart Business Loans (3 months for Working Capital Loans).
- The business should have a minimum turnover of Rs 90,000 or more in 3 months preceding the loan application.
- The businesses blacklisted or excluded from list for SBA Finance are not eligible for availing Lendingkart business loans.
- NGOs, charitable institutions and trusts cannot avail small business loans from Lendingkart.
- The location of the company should not be in the negative location list.
Eligibility Criteria for Availing Lendingkart Business Loans for Women
- The women applicant should have a minimum of 51% of the business share, especially in partnerships or corporations.
- The applicant should be aged between 18 and 65 years to be eligible for business loans.
- The business should be operational for a minimum period (usually 1-3 years) and be actively income-generating.
Documents Required for Availing Lendingkart Business Loans
- Bank statement for last 1 year
- Business registration proof
- Proprietor’s PAN card and Aadhaar card copy
- Partnership deed copy
- Company PAN card copy