Lendingkart provides business loans tailored for micro, small, and medium enterprises, catering to their specific business needs. It offers Working Capital Loans, MSME/SME Loans, and Business Loans for Women.
Obtain a collateral-free business loan within 3 days through Lendingkart. Experience a quick, equitable, and transparent process for your business financing needs.
Lendingkart Business Loan Details
Now apply for a personal Business/MSME loan online with the fastest turnaround time. Here are the highlights of the Lendingkart Business Loan:
| Loan Amount | ₹50,000 to ₹2 Crore |
| Loan Tenure | 1 month to 3 Years |
| Interest Rates | 12% to 46.5% per annum |
| Processing Fee | 2 to 5% |
| Eligibility Criteria | > ₹ 90,000 turn over for 3 Months |
Lendingkart Business Loan Interest Rates
Lendingkart Business Loan offers exceptionally competitive interest rates based on the total loan amount. The interest rates are determined based on credit score, age, employer, repayment capacity, and occupation.
| Customizable Interest Rate | 12% to 46.5% p.a. |
Lendingkart Business Loan Fees & Charges
Apart from the interest, Lendingkart also includes processing fees and other relevant charges. The following table outlines a comprehensive breakdown of these details:
| Processing Fees | 2% - 5% |
| Pre-closure Charges | Allowed only after the first EMI is paid in full [Nil] |
| Penalty for late payment | ₹300 (fixed) and 36% on the overdue amount |
| Instalments Flexible | Monthly / Bi-weekly |
Lendingkart Business Loan Eligibility Criteria
Lendingkart simplifies the business loan process by maintaining easy-to-meet eligibility requirements. The eligibility criteria for a Lendingkart business loan are as follows:
- Established business with a minimum operational period of 6 months.
- Minimum turnover of ₹90,000 or more in the 3 months preceding the loan application.
- The business should not be blacklisted or excluded from SBA finance.
- The physical location of the enterprise should not be in the negative location list.
- Trusts, NGOs, and charitable institutions are unqualified for small business loans.
Documents Required for Lendingkart Business Loan
To avail of a business loan from Lendingkart, you need to provide the necessary documents. Here is the list of documents required for a Lendingkart business loan:
- Bank statement for last 1 year
- Business registration proof
- Proprietor’s PAN card and Aadhaar card copy
- Partnership deed copy
- Company PAN card copy
Calculate EMI For Lendingkart Business Loan
Before applying for a Lendingkart Business Loan, it is essential to assess your Equated Monthly Instalment (EMI) to ensure that the repayment aligns with your budget. One way to accomplish this is by utilising an EMI calculator for business loans, which assists you in estimating and optimising your loan accordingly.
You can conveniently calculate your EMI by using Buddy Loans EMI Calculator. All you need to do is enter the loan amount, interest rate, and loan tenure, and the calculator will provide you with the exact monthly instalment. This tool is user-friendly, enabling you to easily determine the precise amount you need to pay each month.
Amount (₹) :
Interest Rate (%):
Months to Pay :
Compare Lendingkart Business Loans Over Other NBFCs
Discover the ideal solution for your financial requirements by comparing Lendingkart and other NBFCs for a business loan. The following details will assist you better,
| Top Business Loan NBFCs | Interest Rate (p.a.) |
|---|---|
| Lendingkart | 12% onwards |
| Bajaj Finserv | 9.75% onwards |
| Flexiloans | 12% onwards |
| HDB Financial Services Ltd. | Up to 36% |
| Indifi | 18% onwards |
| Mcapital | 24% onwards |
| NeoGrowth Finance | 18% onwards |
| Tata Capital | 12% onwards |
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Note: The interest rates mentioned above are subject to change at the lenders' discretion.Features & Benefits of Lendingkart Business Loan
Enjoy a range of exclusive features and benefits that come with a Lendingkart Business Loan:
Instant Approval
Get Business loan up to ₹2 Crore
Superfast Loan Processing
Get Your loan disbursed in 3days
Zero Hidden Cost
No hidden charges applied for your loan.
Low Interest Rates
interest rates starting from 12% p.a.
Extended Loan Tenure
Choose your tenure from 1 month to 36 months
Zero Collateral
No Collateral required for personal loans.
Types of Lendingkart Business Loans
Lendingkart provides various types of business loans to cater to the needs of small and medium enterprises (SMEs) in India. Here are the different types of Lendingkart Business Loans available:
Lendingkart Working Capital Loan
SMEs requiring funds for their day-to-day operations can opt for this collateral-free working capital loan. Lendingkart strives to process working capital loans within 72 hours of application
| Loan Amount | Up to ₹2 crore |
| Interest Rates | 15% t 27% p.a. |
| Loan Tenure | Up to 3 years |
Lendingkart MSME/SME Loans
Lendingkart provides unsecured MSME loans to meet the specific needs of startup owners, women entrepreneurs, and small business owners. These loans assist in addressing various business requirements.
| Loan Amount | Up to ₹2 crore |
| Interest Rates | 15% t 27% p.a. |
| Loan Tenure | Up to 3 years |
Lendingkart Business Loan for Women
To support the growth aspirations of women entrepreneurs, Lendingkart offers unsecured business loans exclusively designed for them. The NBFC streamlines the loan approval process, enabling online loan approvals and ensuring quick loan disbursals, often on the same day.
| Loan Amount | Up to ₹2 crore |
| Interest Rates | 15% t 27% p.a. |
| Loan Tenure | Up to 3 years |
How Do You Apply for Lendingkart Business Loans with Buddy Loan?
Follow these steps to apply for a Lendingkart Business Loan online on Buddy Loan:
Step 1 - Visit - buddyloan.com & install Buddy Loan app
Step 2 - Fill Out The Application Form, Including The Loan Amount, The Tenure Months, And Contact Details.
Step 3 - Fill Out The Following Personal Details Where Required:
- Email Address
- employment type: Salaried/ self-employed
- Company Type
- Industry Type
- Current Company Name
- Company Address
- Year of Employment
- Net Income
- Mode of Salary
- PAN Card Details
- Full Name (As Per Pan Card)
- Current Address with PIN Code
- Mobile Number
Step 4 - Submit the details & wait for the loan confirmation.
Ready to take next step ?
Frequently Asked Questions on Lendingkart Business Loans
Your loan amount will be disbursed within three days of the loan application. However, you can check the Lendingkart loan status on their website once you have applied.
No, Lendingkart offers collateral-free business loans.
Lendingkart offers business loans of up to ₹2 crore.
Yes, Lendingkart provides dedicated working capital loans to address your operational needs.
Lendingkart offers a flexible repayment tenure of up to three years.
Yes, Lendingkart offers specialized personal loan for business for women entrepreneurs.
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