Lendingkart Finance Limited India - Business Loans
Lendingkart Finance Limited is a non-banking financial company (NBFC) that offers business loans to small and medium enterprises (SMEs) in India. With its quick and easy loan approval process, Lendingkart Finance aims to provide financial assistance to budding entrepreneurs and growing businesses.
Features of Lendingkart Business Loans:
- Loan Amount: Up to Rs. 1 crore
- Tenure: 1 month to 3 years
- Interest Rate: Competitive rates starting from 12% per annum
- Quick Approval: Get approved in as little as 72 hours
- Minimal Documentation: No collateral required
- Flexible Repayment Options: Choose from monthly, quarterly, or bi-monthly repayments
Eligibility Criteria:
To qualify for a business loan from Lendingkart Finance, the applicant must meet the following criteria:
- Minimum business vintage of 6 months
- Annual turnover of at least Rs. 90,000
- Applicant must be Indian citizen aged between 21 to 65 years
- Good credit score of 660 and above
Documents Required:
Applicants need to submit the following documents to apply for a business loan:
- Business registration proof
- Income tax returns for the last 2 years
- Bank statements for the last 6 months
- KYC documents of the business owner
How to Apply:
Interested applicants can apply for a business loan from Lendingkart Finance through their website or by contacting their customer support team. The application process is hassle-free and can be completed online in a few simple steps.
For more information on Lendingkart Finance and their business loan offerings, visit their official website at www.lendingkart.com.
Frequently Asked Questions
1. What are the documents required to apply for a business loan?
The documents required for a business loan application include ID proof, address proof, business registration certificate, bank statements, and income tax returns.
2. What is the minimum and maximum loan amount offered by Lendingkart Finance Limited?
Lendingkart Finance Limited offers business loans ranging from INR 50,000 to INR 2 crores.
3. How long does it take to get a loan approval from Lendingkart Finance Limited?
Lendingkart Finance Limited typically disburses loan approvals within 72 hours of receiving a complete application with all necessary documents.
4. Can I apply for a business loan if my credit score is low?
Lendingkart Finance Limited considers various factors in addition to credit score when evaluating loan applications, so you may still be eligible for a business loan even with a low credit score.
5. What is the repayment tenure for business loans from Lendingkart Finance Limited?
The repayment tenure for business loans from Lendingkart Finance Limited ranges from 1 month to 36 months.
