Lendingkart Finance Limited India - Working Capital Loans
Lendingkart Finance Limited is a non-banking financial company (NBFC) in India that offers working capital loans to small and medium enterprises (SMEs) to help them manage their day-to-day operations and expansion plans. These loans are designed to provide quick and easy access to funds without the need for lengthy paperwork or collateral.
Key Features of Working Capital Loans from Lendingkart Finance Limited:
- Loan Amount: SMEs can borrow amounts ranging from Rs. 1 lakh to Rs. 1 crore, depending on their business requirements.
- Tenure: The tenure of the loan can range from 1 month to 1 year, providing flexibility to repay the loan according to cash flow needs.
- Quick Disbursal: Lendingkart Finance Limited offers fast approval and disbursal of funds, allowing SMEs to access the required funds within a short period.
- No Collateral: These loans are unsecured, meaning that SMEs do not need to provide any collateral to secure the loan.
- Simple Application Process: SMEs can apply for a working capital loan online through Lendingkart Finance Limited's website or mobile app, making the process hassle-free.
- Customised Solutions: Lendingkart Finance Limited offers tailored loan solutions to meet the specific needs of different types of businesses.
Eligibility Criteria for Working Capital Loans:
To be eligible for a working capital loan from Lendingkart Finance Limited, SMEs need to meet the following criteria:
- Operate in India
- Have a minimum turnover of Rs. 10 lakh in the last 12 months
- Have a business vintage of at least 1 year
- Submit relevant financial documents
How to Apply for a Working Capital Loan:
SMEs can apply for a working capital loan from Lendingkart Finance Limited by following these simple steps:
- Visit the Lendingkart Finance Limited website or download the mobile app
- Fill in the online application form with the required details
- Submit the necessary documents for verification
- Receive approval and disbursal of funds within a short period
With easy access to working capital loans from Lendingkart Finance Limited, SMEs can focus on growing their business and achieving their financial goals.
Working Capital Loans FAQ
1. What is a working capital loan?
A working capital loan is a type of loan that is used by businesses to finance their day-to-day operations and cover their short-term expenses.
2. How can I qualify for a working capital loan from Lendingkart Finance Limited?
To qualify for a working capital loan from Lendingkart Finance Limited, you need to have a registered business with a valid GST number, a minimum annual turnover of Rs. 10 lakhs, and a minimum business vintage of 1 year.
3. What is the maximum loan amount I can get for working capital from Lendingkart Finance Limited?
The maximum loan amount you can get for working capital from Lendingkart Finance Limited is Rs. 1 crore.
4. How long does it take to get approval for a working capital loan from Lendingkart Finance Limited?
Once you submit all the required documents and information, Lendingkart Finance Limited typically approves working capital loans within 72 hours.
5. Can I use a working capital loan from Lendingkart Finance Limited for any purpose?
Yes, you can use a working capital loan from Lendingkart Finance Limited for any business-related purpose, such as purchasing inventory, paying suppliers, or covering operating expenses.
