Starting or expanding a business often requires financial support, and Lendingkart provides an excellent solution for small and medium-sized enterprises. Offering loans up to ₹35 Lakhs with flexible tenures of up to 36 months, Lendingkart ensures quick and accessible financing. Whether you need working capital or funds for expansion, the process is simple, with minimal documentation and no collateral required, making it an ideal for first-time borrowers.
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What are the Benefits of a Lendingkart Business Loan
Lendingkart Business Loans offer several advantages that can simplify financing for your business. Here are the key benefits you can expect from choosing Lendingkart for your business loan:
Flexible Financing
Lendingkart offers loans ranging from ₹1 Lakh to ₹35 Lakhs, providing tailored solutions for businesses of all sizes. Whether you need a small loan or a larger sum, the loan amount can be customised to your needs.
Quick Approvals
Lendingkart’s online application process ensures that approvals are processed on the same day. The efficient system uses big data to quickly assess your application and provide a decision.
Rapid Funding
Once approved, Lendingkart disburses your loan within 3 days, significantly faster than traditional banks. This fast funding helps you meet your business’s immediate financial needs without long wait times.
No Collateral
Lendingkart offers unsecured loans, meaning you don’t need to provide collateral to secure funding. This makes it easier for businesses without assets to access the necessary capital.
Adaptable Repayment
Repayment terms are flexible up to 36 months. You can choose a plan that fits your cash flow, making loan management easier and more manageable for your business.
Competitive Rates
Lendingkart offers competitive interest rates based on a thorough financial analysis of your business. These attractive rates ensure you can borrow affordably, with the added benefit of no collateral required.
Lendingkart Business Loan Eligibility Criteria
Here’s a clear overview of the eligibility criteria for a Lendingkart Business Loan, helping you determine if your business qualifies for quick and hassle-free financing:
- Business Operation: Your business must have been operational for at least 6 months
- Revenue Criteria: A minimum turnover of ₹90,000 in the last 3 months is required
- Minimal Documentation: The loan application process requires minimal paperwork for faster approval
- Exclusion Criteria: Businesses on the blacklisted list or located in restricted areas are ineligible
- Entity Restrictions: Trusts, NGOs, and charitable institutions are not eligible
- Verification: Contact Lendingkart for clarification if you’re unsure about eligibility
Documents Required for a Lendingkart Business Loan
Here’s a list of the documents required to for a Business Loan, depending on your business type and requirements:
For All Business Types
- Business registration proof
- Bank statement for the last 12 months
- Company PAN card copy
Specific to Business Type
- Partnership: Partnership deed copy
- Proprietorship: Proprietor’s PAN and Aadhar card copies
- Pvt. Ltd./LLP/One Person Company: Additional documentation as required
Registration Proof Options
- GST filing
- Business registration certificate
- Drug licence
- Trade licence
- VAT registration
- TIN
- Gumastadhara
Lendingkart Business Loan Interest Rates and Charges
Lendingkart offers competitive and transparent loan terms, designed to suit the financial needs of businesses. Here is a breakdown of the key interest rates, charges, and loan details:
| Feature | Details |
| Customised Interest Rates | Starting from 13.5% annually (Fair and Transparent) |
| Processing Fees | Up to 4% of the sanctioned amount (Based on gross loan amount) |
| Loan Tenure | Up to 36 months |
| Pre-closure Charges | No charges for pre-closure on unsecured loans |
| Eligibility Criteria | Minimum turnover of ₹90,000 for the last 3 months |
| Loan Amount | ₹1,00,000 – ₹35,00,000 |
| Instalments | Monthly |
| Penal Charges | ₹300 per overdue instalment; 0.1% per day on overdue instalments |
| Pre-closure Terms | Pre-closures allowed only after the first EMI is paid in full |
Disclaimer: Interest rates, fees, and charges may vary depending on your business health, revenue, and annual turnover.
How to Apply for a Lendingkart Business Loan
Here’s a simple step-by-step guide to help you successfully apply for a business loan. Follow these clear steps to ensure a smooth application process:
- Understand the specific funding needs based on the purpose of the loan before proceeding
- Verify that you meet the lender’s eligibility requirements to move forward with the application
- Assess and list all necessary documents required for the loan application once you meet the eligibility criteria
- Reach out to the lender or visit their website to express your interest and start the application process
- Provide all required documents, including proof of business, to proceed with the application
- If the lender requests additional documentation, provide the necessary proof as required
- The lender will assess your application and either approve or reject the loan based on their evaluation
You can also apply for a Lendingkart Business Loan conveniently through Bajaj Markets, a comprehensive financial supermarket offering a range of loan options.
Conclusion
Lendingkart Business Loans provide a quick and flexible financing solution for small and medium-sized enterprises. With loans up to ₹35 lakhs and repayment terms of up to 36 months, Lendingkart offers minimal documentation and competitive rates, making it an ideal choice for business growth. Understanding the eligibility criteria and application process ensures you can access the funds you need with ease.
