Lendingkart Finance Business Loan


Lendingkart provides loans to small businesses to help them with their financial needs. They offer various types of loans such as Working Capital Loans, MSME/SME Loans, and Business Loans for Women. Lendingkart uses advanced technology like business analytics, big data, and machine learning to assess loan applications and decide on interest rates.

Lendingkart Business Loan Highlights
Interest Rate 1.25% per month onwards
Loan Amount Up to Rs 2 crore
Tenure Up to 3 years
Processing Fee 2%-3%

*Terms and conditions apply.

Table of Contents
Lendingkart Business Loan Interest Rates
Fees & Charges
Types of Business Loans provided by ICICI Bank
Eligibility Criteria
Documents Required

Lendingkart Business Loan Interest Rates

Loan Products Interest Rates (p.a.)
Business Loan 1.25% per month onwards
Business Loan for Women 1.25% per month onwards
Working Capital Loan 1.25% per month onwards
MSME Borrowers 1.25% per month onwards

Comparison Table of Business Loan Interest Rates offered by MybankingTips Partners:

Bank/NBFC/Fintech Interest Rate  
SBI Bank 9.10% p.a. Apply Now
HDFC Bank 10.00% - 22.50% p.a. Apply Now
Kotak Mahindra Bank 16% p.a. onwards Apply Now
RBL Bank 14%-26% p.a. Apply Now
ICICI Bank Up to 17% p.a. Apply Now
Axis Bank 10.75% p.a. Apply Now
IDBI Bank 8.05% to 13.45% p.a Apply Now
Bank Of Baroda 10% to 15% p.a Apply Now
Ujjivan Small Bank Up to 2.50% Apply Now
Bajaj Finserv 9.75% - 25% p.a. Apply Now
IIFL Finance 12.75% - 44% p.a. Apply Now
FlexiLoans 1% per month onwards Apply Now
ZipLoan 1% - 1.5% per month (Flat) Apply Now
Indifi Finance 1.5% per month onwards Apply Now
Five Star Business Finance Up to 2% Apply Now
Lendingkart Finance 1.25% per month onwards Apply Now
Tata Capital Finance 12% p.a. onwards Apply Now
NeoGrowth Finance 15% p.a. onwards Apply Now
Hero FinCorp Up to 26% p.a. Apply Now
Aye Finance Up to 2.5% Apply Now
Clix Capital Up to 3% Apply Now
Protium Finance Up to 1.5% Apply Now
HDB Finance 8% - 26% p.a. Apply Now
U GRO Capital Up to 9% p.a. Apply Now
Mcapital Business Up to 2% p.a. Apply Now

Also read: Best Business Loan Interest Rate

 

Lendingkart Business Loan Fees and Charges

Loan Products Fees and Charges
Processing Fees 2%-3%
Penalty for late payment Rs 300 (fixed) and 36% on overdue amount
Pre-closure Charges NIL

Also read: Best Business Loan EMI Calculator

Types of Lendingkart Business Loan

Lendingkart Business Loan

Purpose: Lendingkart provides loans to small and medium businesses in India without needing any collateral. These loans are meant to help businesses grow and expand. The company processes loan applications online and says they can give out the loans within 3 days after you apply.

Loan Amount: Up to Rs 2 crore

Tenure: Up to 3 years

Lendingkart Business Loan for Women

Purpose: Lendingkart gives unsecured loans to women entrepreneurs to help them grow their businesses. They say you can apply online and get approval quickly, sometimes even on the same day.

Loan amount: Up to Rs 2 crore

Tenure: Up to 3 years

Lendingkart Working Capital Loan

Purpose: Lendingkart provides working capital loans without needing any collateral to small and medium businesses to help them run their daily operations smoothly. They say they can process these loans within 72 hours after you apply.

Loan amount: Up to Rs 2 crore

Tenure: Up to 3 years

Lendingkart MSME/SME Loans

Purpose: Lendingkart provides unsecured loans to startup owners, women entrepreneurs, and small business owners to help them meet their business needs.

Loan amount: Up to Rs 2 crore

Loan tenure: Up to 3 years

Eligibility Criteria for Availing Lendingkart Business Loans

  • Lendingkart offers business loans to companies that have been operating for over 6 months (3 months for Working Capital Loans).
  • The business needs to have made at least Rs 90,000 in sales in the 3 months before applying for the loan.
  • Companies that are not eligible for SBA Finance are not able to get loans from Lendingkart.
  • NGOs, charities, and trusts cannot get small business loans from Lendingkart.
  • The company's location should not be in a bad area.

Also read: Best Business Loan Eligibility

Documents Required for Availing Lendingkart Business Loans

  • Partnership deed copy
  • Company PAN card copy
  • Bank statement for last 1 year
  • Business registration proof
  • Proprietor’s PAN card and Aadhaar card copy

Also Read :  Best Business Loan Documents Required

Frequently Asked Questions

Yes, it's possible to get your bike financed even as a student if you meet the specific eligibility criteria set by the lenders.

The best loan for financing your bike or scooter is the one with the lowest interest rate. This way, you'll have to pay less in monthly installments (EMIs) throughout your loan term.

To get financing for your motorcycle, bike, or scooter, you can easily apply for the loan online from home. Or, if you prefer, you can go directly to a bike shop and apply for the loan there by giving them the documents they need

You can check your loan status online through internet banking. Another option is to visit the closest branch of the bank or financial institution that's providing the loan.

Many lenders consider a credit score of 620 and above to be good when giving out loans for motorcycles, superbikes, or scooters. However, if your credit score is lower than 620, you can still find lenders who may be willing to give you a loan, although they might charge a higher interest rate.

Banks allow you to make prepayments after successfully paying 3-6 EMIs. Depending on the number of EMIs you've already paid, there might be a small fee applicable on the outstanding amount when you choose to prepay.