Lendingkart Business Loan is available to micro, small and medium enterprises in India. The quantum of finance is up to Rs. 2 crores. Speedy approval and disbursal are the keys to the success of Lendingkart’s Business Loan schemes, which is also provided to women entrepreneurs. The online application process makes it easier for you to drop a loan request, and get a lending decision in as soon as 24 hours. This Fintech platform promises ease of payments with flexible repayment options, and best interest rates on business loans.
At Loanbaba.com, you can apply for Lendingkart business loan online. Here are updated details about the loan offer.
| Lendingkart Business Loan Details Updated on | |
|---|---|
| Loan Amount | Rs.50,000 to Rs. 2 crores |
| Loan Tenure | 1 month to 36 months |
| Interest Rate | 15% to 27% |
Below-mentioned are some of the features of business loan Lendingkart :
Below-given are different business loans Lendingkart offers:
The financial institution offers a working capital loan to small and medium enterprises to fulfil the requirements of working capital, required to run everyday operations. You can borrow between Rs. 50,000 and Rs. 2 Crores on tenure 1 month to 36 months. The funds can cover for expenses such as wages, accounts payable, offset expenses during financial emergencies and requirements for cash-flow and running daily operations. This is a collateral-free loan. Thus, the risk to asset loss is next to none, if you make timely repayments. The average turnaround on loan applications is within 72 hours.
There are several types of working capital loans:Micro, small and medium enterprises or MSMEs or SME for small and medium enterprises can opt for Lendingkart business loan. This loan is usually provided to small business owners, women entrepreneurs, start-up owners, etc. The lending is on a short-time basis, the duration of which varies as per the credit profile and loan amount required by the borrower.
Earlier, females were stereotyped as being capable of homemakers alone. With patriarchy and social stigmas seeping in, women were considered as someone who could never have a professional life or interest, lest shining in business arena. However, times have changed, and women are progressing in every sphere of life, including job and business. And with Fintech platforms like Lendingkart making it easier for females to avail a business loan, it has become much simpler for women to take control over their entrepreneurial dreams.
Below-given are the interest rates and fees charged by the Fintech platform for a business loan:
NOTE : Lendingkart offers bi-weekly and monthly payments on business loans. To understand the actual EMI on your loan, you can utilize the EMI calculator for free on our website.
Below-given are the eligibility requirements for Lendingkart business loans:
NOTE : You can calculate your loan eligibility on free-to-use loan eligibility calculator on our website.
Below-given are the documents required to apply for a business loan Lendingkart:
| Documents Required | Partnership | Proprietorship | Pvt. Ltd. / LLP / One Person Company |
|---|---|---|---|
| 12 months’ Bank Statement | Necessary to submit | Necessary to submit | Necessary to submit |
| Business Registration Proof | Necessary to submit | Necessary to submit | Necessary to submit |
| Proprietor’s Aadhar Card And PAN Card Copy | Necessary to submit | Necessary to submit | Necessary to submit |
| Company PAN Card Copy | Not required | Not required | Necessary to submit |
| Partnership Deed Copy | Necessary to submit | Not required | Not required |
Do you want to apply for a business loan by Lendingkart? Then choose to drop the loan application online on Loanbaba website, for many of the reasons mentioned below:
Here are the Lendingkart Business Loans FAQs.
With Lendingkart’s online business loan processing, you can expect the funds in as soon as 3 days from loan approval opposes to a week or more taken by traditional banks. Thus, the turnaround time is quick compared to many other financial institutions.
A loan from this Fintech firm is not secured in nature, thus no valuable assets are on risk. As a borrower, you can avail an unsecured business loan, which do not need you to submit security or collateral. You can rather utilize your monetary assets in other productive ways you deem suitable.
An NBFC loan from this financial institution can definitely improve your business credit score, if you make timely repayments. Lendingkart reports loan accounts to the credit bureaus, thus, if you have made regular and timely repayments, then your credit score will see a significant improvement.
The Fintech platform has explained 3 simple steps to attaining a business loan, which are: submit your loan application, upload all the required documents, and lastly, receive your business loan approval and disbursal in as less as three days.
To speed up the loan processing, all you have to do is provide accurate details in the loan application form. Also, make sure to submit all the required documents with the loan application. These documents need to be correct, so that during the verification, the financial institution does not face undue obstacles, and can process the loan at the soonest.
The financial institution has special business loan schemes for women entrepreneurs. The institution guarantees an automated process, which is unbiased, and provides fair loan terms and conditions.
Through NACH or any other prescribed repayment modes to Lendingkart’s Group NBFC, instalments can be paid, wherein your bank account will be debited of the instalment amount on the due dates.
Through NACH or any other prescribed repayment modes to Lendingkart’s Group NBFC, instalments can be paid, wherein your bank account will be debited of the instalment amount on the due dates.
