Apply Lending Kart Business Loan

4.3

Processing Fee

2%

Max Tenure

36 months

Best Rate

0.92% P.M

View Details

Features

  • Collateral-free business loan
  • Amount size - Rs. 50,000 to Rs. 1 Crore
  • Repayment tenure – 1 to 36 months
  • Online application and processing in 3 working days
  • Minimal documentation
  • Flexible repayment options (Bi-weekly, Monthly)

Pricing

  • Interest rate - 11.04% P.A
  • Processing fees: 2% of the sanctioned amount

Documents Required

  • Bank Statements – Last 12 Months Current Bank Account Statements of the entity (till latest date) for all accounts/ OD accounts (PDF copies generated through Net banking or email from the bank)
  • Aadhar Card (Front & Back)
  • VAT/Service Tax Returns/GST (whichever applicable) for last 1 year of the entity
  • PAN of the entity and Date of Birth of the proprietor / partners / promoters (in case the application form is not filled)
  • Proof of activity** in case of proprietorship firms and copy of partnership deed in case of partnership firms
  • Documents required for specific applications
  • For clients from Food/Pharma/Chemical/Oil/petroleum industries, relevant statutory licenses might be required
  • Last two year’s detailed ITR computation or Balance Sheet with schedules required for cases, where turnover is more than 1 Cr. Or loan required is more than 10 Lacs.
  • Provisionals may be required deplender_offersending upon the merit of the case.
  • Any one of the following documents can be accepted as proof of activity for the proprietorship firms.
  • Registration certificate (in the case of a registered concern)
  • Certificate / license issued by the Municipal authorities under Shop & Establishment Act
  • Sales and income tax returns
  • GST/VAT certificate
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About LendingKart

Lendingkart Finance Limited (formerly known as Aadri Infin Limited), is an NBFC offering unsecured business loans to SMEs in India. The company is focused on lending to small and medium businesses. It aims to make working capital available to entrepreneurs, making it easy for them to focus on business rather than worrying about cash flow.

LendingKart Business Loan

Is your business facing obstacles to growth due to restricted cash flow? Very often, small business owners require fresh infusions of external capital in order to grow their business or even consolidate debt. A Business Loan from LendingKart might be an option for the way forward. Read on to know more about LendingKart Business Loan offers.

LendingKart Business Loan Features

There are various beneficial features of a Business loan from LendingKart:

  • The application process is online, and quick. It takes just 15 minutes to apply for a LendingKart Business Loan.
  • Requires minimal documentation
  • Does not require any collateral
  • Attractive interest rates
  • LendingKart does not focus on the business’s past financials and tax returns to evaluate the credit risk profile of a potential client
  • Takes into account only the current year’s cash flows and business growth.
  • Flexible loan amount, tenure and repayment methods.
  • Funding available from Rs. 50,000 to Rs. 1 crore

LendingKart Business Loan Eligibility

One looking for funds should own a business for business expenses, and must be ideally between 21 years and 65 years old. You can get started with only your bank statements and VAT returns required.

LendingKart Business Loan Interest Rate

LendingKart offers attractive interest rates on its SME loans. It depends on a host of eligibility criteria which might include - but is not limited to - your credit worthiness, borrowing history and other factors that reflect your financial capability and behavior. It is best to contact LendingKart directly for the most up to date interest rates.

LendingKart Business Loan Documents

The documentation required is simple. Following are some of the documents which will be required:

  • Application form with passport size photographs
  • PAN Card
  • Identity Proof – Voter ID / Driving License / Passport (Any one can be submitted)
  • Address Proof – Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement (Any one can be submitted)
  • Six months bank statement and VAT returns
  • Processing fee cheque

LendingKart Business Loan FAQs

How is my creditworthiness analyzed by LendingKart?

LendingKart uses technology and analytics tools, analyzing thousands of data points from various data sources to assess the creditworthiness of small businesses. Once your creditworthiness is ascertained, and you are found to be creditworthy, the loan is disbursed in 1 day.

What is the minimum and maximum amount that I can get for my business?

You can get anywhere from Rs. 50,000 up to Rs. 1 crore.

How much time does it take to get the business credit evaluation done?

It can take anywhere from 1 to 3 working days to ascertain your creditworthiness.

What documents do I need to submit to get credit evaluation done?

Ideally, you would be required to submit your Bank and VAT statements along with ID proof, address proof and PAN Card. Additional documents may be also be required.

What are the repayment options available?

There are flexible repayment options—you can choose to pay biweekly or opt for monthly EMI payments.

What are the payment methods to make the installments?

You can pay your installments through NACH or set up standing instructions from your bank account, wherein your account will automatically get debited on due dates.

What is the available tenures of the loan?

LendingKart offers flexible tenure options which can range from between 1 month to 1 year.

On what basis, will my loan limit be determined?

Your loan amount will be decided as per your revenue. You can even enhance your limit if you can demonstrate an increase in revenues.

Is there any processing fee included?

Yes, a processing fee of 1 % of the loan amount is levied.

Are there any pre-closure charges?

No. LedingKart does not levy any pre-closure charges.

Is my information secure with LendingKart?

All of your data is kept strictly confidential and documents are kept safe.

LendingKart Business Loan Review

The simplified processing formalities facilitates loan borrowings from LendingKart with ease. It prioritises your current business financials ( including current cash flow and revenue) rather than your past history. It offers an array of finance products to suit every need and budget. The loan is disbursed as soon as you are found to be creditworthy. It simplifies quick completion of the formalities once the loan is approved. You can avail a business loan from LendingKart Finance and realize your dream of running a business successfully.

How to Get Business Loan from LendingKart

You can get a business loan from LendingKart in the following ways:

Online - by filling the Online Application Form on their website. You need to enter appropriate details for Sole/First holder of the company. You can check your eligibility for a business loan straightaway.

On phone - You can also give a missed call to 080 39534900 from your registered mobile number and a LendingKart representative will get in touch with you.

For enquiries regarding business loans, you can also contact the customer care on 079 49067349. Customer care is available from Monday to Friday, 10 AM to 7 PM.

You can also Whatsapp your enquires on business loan to +91 90330 14620

Via Email - you can get in touch with LendingKart via email on info (at) lendingkart (dot) com

If you are based out of Bengaluru or Ahmedabad, you can visit the branch directly. Else, it is advisable to apply online or call / email the customer care. Although based out of only these two cities, LendingKart services clients all over India.

Need help? If you think you need help with your LendingKart Business Loan Application and advice on loan eligibility, CreditMantri can guide you through the entire process and match you with the loan offer that best suits your profile.

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