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Features of Lendingkart Business Loans

  • Collateral-Free (Unsecured) Loans:
    Lendingkart provides unsecured business loans, meaning no collateral or security is required. This reduces the risk of asset loss for business owners and makes financing accessible to those who may not have significant assets to pledge. The approval is based on the business’s creditworthiness, cash flow, and repayment capacity rather than physical assets.
  • High Loan Amounts (Up to ₹2 Crore):
    Businesses can avail loans ranging from a minimum of ₹50,000 to a maximum of ₹2 crore, depending on the business’s financial health, turnover, and credit profile. This wide range allows businesses to meet diverse needs, such as working capital, expansion, inventory management, or purchasing machinery.
  • Fast Processing and Disbursal (Within 72 Hours):
    Lendingkart leverages advanced technology, including AI, machine learning, and big data analytics, to evaluate loan applications swiftly. The entire process, from application to disbursal, is completed within 3 working days, ensuring businesses can address urgent financial needs without delays.
  • Flexible Loan Tenure:
    Loan repayment tenures range from 1 month to 36 months, offering flexibility to suit different business cycles and cash flow patterns. For startups, tenure extensions up to 4 years may be available based on the credit profile and business projections. Borrowers can choose monthly or bi-weekly repayment schedules for added convenience.
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    • Competitive Interest Rates: Interest rates are customized based on factors like loan amount, CIBIL score, business turnover, and financial health. They typically range from 12% to 40% per annum (or 1% to 2% per month). Higher loan amounts and strong credit profiles often result in lower interest rates. Lendingkart uses proprietary algorithms to ensure fair and competitive pricing.
    • Minimal Documentation: Lendingkart requires minimal paperwork to streamline the loan application process. Common documents include: Business registration proof (e.g., GST filing, Business Registration Certificate, Trade License, TIN, VAT registration, or Gumastadhara). Identity proof (Aadhaar, Voter ID, or Passport). Bank statements (often accessed digitally via Account Aggregator). For professionals (e.g., doctors, engineers, chartered accountants), proof of qualification may be required. E-commerce vendors may only need to submit bank statements, further simplifying the process.
    • No Hidden Charges: Lendingkart maintains transparency with a one-time processing fee of 1% to 4% of the sanctioned loan amount, depending on the loan size. There are no pre-closure charges after the first EMI, allowing borrowers to repay the loan early without penalties. No additional or hidden costs are applied, ensuring clarity in loan terms.
    • Online Application Process: The loan application process is 100% digital, accessible via the Lendingkart website or mobile app (available on Google Play Store). Features of the app include digital document uploads, EMI payment options, auto loan top-ups, and customer support ticketing. Businesses can check eligibility, apply, and track their application status online, reducing the need for physical visits.
    • Customized Loan Products: Lendingkart offers various loan types to cater to specific needs: Working Capital Loans: For day-to-day operations, covering expenses like wages, accounts payable, or inventory. MSME/SME Loans: Tailored for small and medium enterprises to manage cash flow or fund growth. Business Loans for Women: Specialized loans to support women entrepreneurs. Short-Term Loans: For temporary needs, with tenures as short as 1 month. Instant Business Loans: For urgent liquidity requirements, with approvals as fast as 24 hours.
    • Flexible Usage of Funds: Unlike traditional loans with strict usage restrictions, Lendingkart allows borrowers to use funds for a wide range of business purposes, including: Expansion: Setting up new outlets, constructing facilities, or entering new markets. Inventory Management: Replenishing stock, securing supply chains, or managing seasonal demands. Working Capital: Covering operational expenses like salaries, rent, or vendor payments. Asset Purchase: Buying machinery, equipment, or upgrading infrastructure. Debt Consolidation: Clearing high-interest debts to streamline finances.
    • Loan Renewal and Top-Ups: Businesses with a good repayment history can apply for loan renewals or top-up loans to fund new projects or scale operations. A strong relationship with Lendingkart ensures faster approvals for subsequent loans.
    • Accessibility Across India: Lendingkart serves businesses in over 4,000 cities and towns across India, with no physical branches. Its online platform ensures nationwide accessibility. The company has sanctioned loans worth over ₹14,000 crore to more than 200,000 businesses, demonstrating its extensive reach.
    • Support for Low Credit Scores: Businesses with lower CIBIL scores (minimum 600–700, depending on the source) can still qualify, though they may face higher interest rates. Lendingkart reports loan transactions to credit bureaus, helping businesses improve their credit scores over time.
    • EMI Calculator and Eligibility Tools: Lendingkart provides an EMI calculator to help businesses estimate monthly installments based on loan amount, tenure, and interest rate. For example: A ₹1 lakh loan at 18% p.a. for 12 months has an EMI of approximately ₹9,168. At 27% p.a., the EMI rises to ₹9,602. An eligibility calculator allows businesses to check loan eligibility instantly by entering basic details like turnover and business vintage.
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Benefits of Lendingkart Business Loans

  • Quick Access to Capital: Lendingkart provides fast loan disbursal within 72 hours, enabling businesses to address urgent financial needs such as restocking inventory, paying vendors, or seizing time-sensitive opportunities. The fully digital application process eliminates delays associated with traditional banking, making funds accessible with minimal hassle.
  • No Collateral Required: Lendingkart offers unsecured business loans, meaning no property, machinery, or other assets need to be pledged. This reduces risk for business owners and makes loans accessible to those without significant collateral. Approval is based on business performance, cash flow, and creditworthiness, broadening eligibility.
    • Flexible Use of Funds: Borrowers can use loan funds for a variety of business purposes, including:
    • Working Capital: Covering daily expenses like salaries, rent, or utility bills.
    • Inventory Purchase: Stocking up for peak seasons or expanding product lines.
    • Business Expansion: Opening new locations, hiring staff, or entering new markets.
    • Equipment Upgrades: Purchasing or upgrading machinery, technology, or infrastructure.
    • Debt Consolidation: Paying off high-interest debts to streamline finances.This flexibility ensures businesses can tailor the loan to their specific needs.
    • Customizable Loan Amounts and Tenures: Lendingkart offers loans ranging from ₹50,000 to ₹2 crore, catering to both small operational needs and large-scale growth plans.
    • Boosts Business Growth: Access to timely funding enables businesses to capitalize on growth opportunities, such as launching marketing campaigns, expanding product lines, or scaling operations.
    • Improves Credit Score: Timely repayment of Lendingkart loans is reported to credit bureaus, helping businesses build or improve their CIBIL score.
    • Minimal Documentation: Lendingkart requires only basic documents, such as:
    • Business registration proof (GST filings, trade license, etc.).
    • Identity proof (Aadhaar, Voter ID, or Passport).
    • Bank statements (often accessed digitally).
    • Competitive and Transparent Pricing: Interest rates range from 12% to 40% per annum (or 1% to 2% per month), customized based on the borrower’s credit profile, business turnover, and loan amount.
    • Supports Businesses with Lower Credit Scores: Lendingkart considers businesses with CIBIL scores as low as 600–700, making loans accessible to those with less-than-perfect credit.
    • Nationwide Accessibility: Lendingkart operates in over 4,000 cities and towns across India, with a fully online platform that eliminates the need for physical branches. This ensures businesses in remote can access funding easily.
    • Tailored for MSMEs and Startups: Lendingkart specializes in serving MSMEs, SMEs, and startups, offering products like working capital loans, short-term loans, and loans for women entrepreneurs.
    • Loan Renewal and Top-Up Options: Businesses with a strong repayment history can access loan renewals or top-up loans, providing additional funds for ongoing or new projects.
    • Technology-Driven Efficiency: Lendingkart’s use of AI, machine learning, and big data analytics enables rapid credit assessment based on real-time business performance rather than outdated financials.
    • Empowers Women Entrepreneurs: Lendingkart offers specialized business loans for women, providing financial support to female-led businesses to promote inclusivity and economic empowerment.
    • Enhances Cash Flow Management: By providing funds to cover operational expenses or bridge cash flow gaps, Lendingkart loans help businesses maintain stability during lean periods or unexpected challenges.
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How to Apply for Lendingkart Business Loan

  • 1. Check Eligibility
    • Business Type: Confirm that your business type qualifies (MSMEs, SMEs, startups, self-employed professionals, e-commerce vendors, women entrepreneurs, etc.).
    • Business Vintage: Ensure the business has been operational for at least 3–6 months (depending on the loan product).
    • Turnover: Verify a minimum turnover (e.g., ₹90,000 over the last 3 months or ₹12 lakh annually).
    • CIBIL Score: Ensure your credit score is 600 or higher, although lower scores may still be considered with higher interest rates.
    • Location: Your business must be located and operating within India.
    • Eligibility Calculator: Use Lendingkart’s online eligibility calculator on their website to instantly check if you qualify.
  • 2. Visit Lendingkart Website
    • Go to the Official Website: Visit www.lendingkart.com or download the mobile app (available on Google Play Store).
    • Navigate to Business Loan Section: Look for the "Apply Now" or "Get Business Loan" option.
  • 3. Fill Out the Online Application Form
    • Personal Information: Provide basic details like name, contact number, email address.
    • Business Information: Fill in details about your business (e.g., name, type, registration details, turnover, operational history).
    • Loan Details: Enter your loan requirements, such as the desired loan amount and repayment tenure.
    • Financial Information: Include turnover, bank account details, GST registration (if applicable).
  • 4. Upload Required Documents
    • Identity Proof: Aadhaar card, PAN card, Voter ID, or Passport of the business owner.
    • Business Proof: GST registration, Trade License, Business Registration Certificate, or other related documents.
    • Financial Proof: Bank statements for the last 6–12 months, ITR for the last 1–2 years (if applicable).
    • Other Documents: Additional documents like sales records for e-commerce vendors or proof of qualification for professionals.
  • 5. Loan Evaluation and Approval
    • Evaluation Process: Lendingkart uses AI and big data analytics to evaluate your application, focusing on cash flow, creditworthiness, and market trends.
    • Approval Timeline: Typically, approvals are granted within 72 hours after document submission. You may receive a call or email for verification.
  • 6. Review Loan Offer
    • Loan Offer: If approved, you’ll receive an offer outlining the loan amount, interest rate, repayment schedule, and processing fee.
    • EMI Calculator: Use Lendingkart’s online EMI calculator to estimate monthly repayments and ensure affordability.
    • Offer Acceptance: Review the terms and confirm your acceptance.
  • 7. Accept the Loan and Sign Agreement
    • e-Sign Agreement: After reviewing the terms, sign the loan agreement digitally using Aadhaar-based OTP or other methods.
    • Confirmation: Once signed, you’ll receive a confirmation of your loan approval.
  • 8. Loan Disbursal
    • Loan Transfer: The loan amount will be disbursed directly to your business bank account within 72 hours.
    • Confirmation: You’ll receive an SMS or email confirmation, along with the repayment schedule.
  • 9. Track and Repay the Loan
    • Loan Management: Use the website or app to track your loan status and repayment schedule.
    • EMI Payments: Make your EMI payments online and manage your loan repayment efficiently.
    • Loan Top-up: Request top-ups or loan renewals if eligible.

Eligibility Criteria for Lendingkart Business Loans

  • Business Type:
    • Micro, Small, and Medium Enterprises (MSMEs).
    • Small and Medium Enterprises (SMEs).
    • Startups (including those in early stages).
    • Self-Employed Professionals (e.g., doctors, engineers, chartered accountants, architects).
    • Sole Proprietorships, Partnerships, Private Limited Companies, or Limited Liability Partnerships (LLPs).
    • E-commerce Vendors (e.g., sellers on Amazon, Flipkart, or other platforms).
    • Women Entrepreneurs (specialized loan products available).
  • Business Vintage:
    • The business must have been operational for a minimum of 3–6 months, depending on the loan product and business type.
    • For startups, Lendingkart may consider businesses with shorter operational histories, provided they demonstrate strong cash flow or growth potential.
    • E-commerce vendors may qualify with just 3 months of sales history on recognized platforms.
  • Minimum Turnover:
    • Businesses typically need a minimum monthly turnover of ₹30,000 (or ₹90,000 over the last 3 months) or an annual turnover of ₹12 lakh.
    • Specific turnover requirements may vary based on the loan amount requested (e.g., ₹50,000 to ₹2 crore) and the industry.
    • Lendingkart uses bank statements and GST filings to verify turnover, focusing on current cash flow rather than historical financials.
  • Credit Score (CIBIL Score):
    • A CIBIL score of 600–700 or higher is preferred, but businesses with lower scores may still qualify, often at higher interest rates.
    • Lendingkart’s proprietary credit evaluation system considers alternative data (e.g., cash flow, industry trends) to support businesses with limited or no credit history.
    • Timely loan repayments are reported to credit bureaus, helping improve the borrower’s credit score.
  • Business Location:
    • The business must be registered and operating in India.
    • Lendingkart serves over 4,000 cities and towns across the country, making loans accessible in both urban and rural areas.
    • No physical branch visits are required, as the application process is fully online.
  • Nationality and Age:
    • The business owner or primary applicant must be an Indian citizen.
    • The applicant’s age should typically be between 21 and 65 years at the time of loan application or loan maturity.
  • Documentation:
    • Applicants must provide minimal documentation to verify identity, business operations, and financial health. Common documents include:
      • Identity Proof: Aadhaar card, PAN card, Voter ID, or Passport of the business owner.
      • Business Proof: GST registration, Trade License, Business Registration Certificate, TIN, VAT registration, Gumastadhara, or Shop Act License.
      • Financial Documents: Bank statements for the last 6–12 months (accessible digitally via Account Aggregator).
    • Industry and Business Activity:
      • Lendingkart supports businesses across various industries, including retail, manufacturing, services, e-commerce, hospitality, and more.
      • The business must be engaged in legal and ethical activities as per Indian regulations.
      • Certain high-risk industries (e.g., speculative trading, gambling) may be excluded.
    • Bank Account:
      • The business must have an active current account or savings account in the name of the business or proprietor.
      • Bank statements are used to assess cash flow and repayment capacity, often accessed digitally for faster processing.
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Documents Required for Fullerton India Business Loan

  • Identity Proof (Any One):
    - PAN Card (mandatory for financial transactions and tax purposes).
    - Aadhaar Card.
    - Voter ID.
    - Passport.
    - Driving License.
    - Purpose: To verify the applicant’s identity and ensure compliance with KYC norms.
  • Address Proof (Any One):
    - Aadhaar Card.
    - Voter ID.
    - Passport.
    - Ration Card.
    - Utility Bills (e.g., electricity, water, or gas bill, not older than 3 months).
    - Rent Agreement (if the business or residence is rented).
    - Purpose: To confirm the applicant’s residential or business address.
  • Business Proof (Any One):
    - Trade License.
    - Partnership Deed (for partnership firms).
    - Memorandum of Association (MOA) and Articles of Association (AOA) (for private limited companies).
    - GST Registration Certificate.
    - Shop and Establishment Certificate.
    - Sales Tax Certificate or VAT Registration.
    - Udyam Registration Certificate (for MSMEs, if applicable).
    - Purpose: To verify the existence, legitimacy, and operational status of the business.
  • Financial Documents:
    - Bank Statements: Statements of the business’s primary bank account for the last 6 months. Must reflect regular transactions, revenue inflows, and expenses.
    - Income Tax Returns (ITR): Latest ITR with computation of income for the past 2 years. Must include audited financial statements (balance sheet and profit & loss account) certified by a Chartered Accountant (CA).
    - Purpose: To assess the business’s financial health, profitability, and repayment capacity.
  • Photographs:
    - Recent Passport-Size Photographs (2–3 copies) of the applicant.
    - Purpose: For identification and record-keeping during loan processing.
  • Additional Documents (If Applicable):
    - Professional Degree Certificate: Required for self-employed professionals (e.g., doctors, architects, chartered accountants). Examples: Medical degree, ICAI membership certificate, etc.
    - Business Plan: May be requested for startups or businesses seeking loans for expansion to outline the loan’s purpose and repayment strategy.
    - Proof of Business Address: Rent agreement, utility bill, or property documents for the business premises.
    - Loan Application Form: Duly filled and signed form provided by Fullerton India (available online or at branches).
    - Board Resolution: For private limited companies, a resolution authorizing the loan application.
    - Partnership Authority Letter: For partnership firms, a letter signed by all partners authorizing one partner to apply for the loan.
    - Purpose: To address specific requirements based on the applicant’s profile or business structure.

Factors Affecting Lendingkart Business Loans

  • Business Turnover:
    - A minimum monthly turnover of ₹30,000 (or ₹90,000 over the last 3 months) or annual turnover of ₹12 lakh is required.
    - Higher turnover indicates a stable and growing business with the capacity to repay the loan.
    - Optimize by maintaining accurate bank statements, GST returns (e.g., GSTR-3B, GSTR-1), or sales records from e-commerce platforms.
  • Credit Score (CIBIL Score):
    - A preferred CIBIL score of 600–700 or higher. Businesses with lower scores may still qualify, but may face higher interest rates or stricter terms.
    - A strong credit score can lead to lower interest rates, higher loan amounts, and faster approvals.
    - Optimize by paying bills and loans on time and checking your credit report regularly.
  • Business Vintage:
    - A minimum of 3–6 months of business operations is required, depending on the loan product.
    - Startups with shorter histories may qualify if they demonstrate strong cash flow or growth potential.
    - E-commerce vendors may need only 3 months of platform sales history.
    - Optimize by providing clear proof of business operations (e.g., bank statements, platform sales records).
  • Cash Flow and Financial Health:
    - Consistent and positive cash flow indicates a business’s ability to repay debt.
    - Cash flow is assessed through bank statements and may be supplemented by Income Tax Returns (ITR) or Profit & Loss Statements for larger loans.
    - Optimize by maintaining regular transactions and positive cash flow in your accounts.
  • Industry and Business Type:
    - Lendingkart supports a variety of industries, including retail, manufacturing, hospitality, e-commerce, and professional services.
    - High-risk industries (e.g., speculative trading, gambling) may be excluded.
    - Optimize by operating in stable industries and ensuring your business is compliant with Indian regulations.
  • Debt-to-Income Ratio:
    - A lower ratio (minimal existing debt) improves eligibility for larger loan amounts with lower interest rates.
    - Businesses with high existing debt may face rejection or smaller loan amounts.
    - Optimize by paying off or consolidating existing debt before applying.
  • Business Registration and Documentation:
    - Valid documentation (e.g., GST Registration, Trade License, Business Registration Certificate) is required.
    - Complete, clear, and current documents ensure faster approval and reduce rejection risks.
    - Optimize by having all your documents ready and in the correct format (PDF, JPEG, or PNG).
  • Purpose of the Loan:
    - Lendingkart assesses whether the loan will be used for productive business purposes such as working capital, expansion, or equipment upgrades.
    - The loan should align with business goals to improve approval chances.
  • Applicant’s Profile:
    - The applicant must be an Indian citizen, aged 21–65 years, and provide identity and address proof (e.g., Aadhaar, PAN).

Frequently Asked Questions (FAQs) for Lendingkart Business Loans

What is a Lendingkart business loan?
A Lendingkart business loan is an unsecured loan designed for MSMEs, SMEs, startups, and self-employed professionals to meet various business needs, such as working capital, inventory purchase, expansion, or debt consolidation. Loan amounts range from ₹50,000 to ₹2 crore, with tenures of 1 to 36 months.
Who is eligible for a Lendingkart business loan?
Eligible applicants include:
- Business Types: MSMEs, SMEs, startups, sole proprietorships, partnerships, Pvt. Ltd. companies, LLPs, e-commerce vendors, and self-employed professionals (e.g., doctors, CAs).
- Business Vintage: Minimum 3–6 months of operations.
- Turnover: Minimum monthly turnover of ₹30,000 (or ₹90,000 over 3 months) or annual turnover of ₹12 lakh.
- CIBIL Score: Preferably 600–700 or higher (lower scores may qualify at higher rates).
- Location: Business must operate in India.
- Age: Applicant must be an Indian citizen aged 21–65 years.
What documents are required to apply for a Lendingkart business loan?
Required documents include:
- Identity Proof: Aadhaar, PAN, Voter ID, or Passport.
- Address Proof: Aadhaar, utility bill, or rental agreement.
- Business Proof: GST registration, trade license, Business Registration Certificate, or Udyam Registration.
- Financial Documents: Bank statements (6–12 months), GST returns, or ITR (for larger loans).
- Additional Documents: Qualification proof for professionals or e-commerce platform sales records. Documents are uploaded digitally in PDF, JPEG, or PNG format.
How can I apply for a Lendingkart business loan?
- Visit www.lendingkart.com or download the Lendingkart mobile app (Google Play Store).
- Use the eligibility calculator to check qualification.
- Fill out the online application form with personal, business, and loan details.
- Upload required documents.
- Review the loan offer, e-sign the agreement, and receive funds within 72 hours.
How long does it take to get a Lendingkart business loan approved?
The approval process typically takes 24–48 hours, with funds disbursed within 72 hours of document submission, thanks to Lendingkart’s AI-driven evaluation system.
Is collateral required for a Lendingkart business loan?
No, Lendingkart offers unsecured loans, so no collateral or security (e.g., property, machinery) is required. Approval is based on business performance and creditworthiness.
What is the interest rate for Lendingkart business loans?
Interest rates range from 12% to 40% per annum (or 1% to 2% per month), depending on factors like CIBIL score, turnover, loan amount, and business vintage. Rates are customized for each applicant.
What is the processing fee for a Lendingkart business loan?
A one-time processing fee of 1% to 4% of the loan amount is charged, based on the loan size. There are no hidden charges.
Can I prepay or foreclose the loan? Are there any charges?
Yes, you can prepay or foreclose the loan without any charges after paying the first EMI, offering flexibility to reduce interest costs.
What is the loan amount and tenure offered by Lendingkart?
Loan Amount: ₹50,000 to ₹2 crore, based on business needs and eligibility.
Tenure: 1 to 36 months (up to 4 years for startups in some cases).
Repayment options include monthly or bi-weekly EMIs.

List of Lendingkart Finance Bank Business Loans

  • Working Capital Loans
  • Instant Business Loans
  • MSME/SME Loans
  • Overdraft Loans
  • Business Loans for Women
  • Short-Term Loans