Looking for Funds for Business? Avail Lendingkart Business Loan Online

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Running a business isn’t everyone’s cup of tea. It requires sheer passion and pure hardship to run a business. Apart from it, the constant flow of money is also the inseparable part of a business. And sometimes, people run out of funds. To keep them motivated, Lendingkart provides business loan up to Rs. 2 Crores. Lendingkart business loan is easy to avail and the interest rate is also lucrative in nature. Read more to know what it takes to avail lendingkart business loan and how can you move ahead in the competition with this loan.
What is Lendingkart Finance?
Lendingkart is a fin-tech company and their objective is to provide working capital loans, fast and easy, to small businesses in India. This fin-tech works to make working capital finance in the reach of entrepreneurs so that these innovative thinkers can focus on their business without any distraction. Apart from working capital loans, Lendingkart also has various financial products. They are –
  • Business Loan
  • Working Capital Loan
  • MSME Loan
  • Business Loan for Women
At this point of time, we are going to discuss Lendingkart Business Loan.
Lendingkart Business Loan – Important Facts
Lendingkart Business Loan can be availed by those who are facing hard time figuring how to bridge the gap that arises due to lack of funds. As there are thousands of business and each of having different type of fund shortage issue. Some of them needs fund to expand the official residence and others need it to invest in new projects. To provide loans on the basis of needs, Lendingkart has categorised business loan into various types. These are as follows –
  1. Bank Overdraft / Credit Line 
  2. Equity Funding
  3. Short Term Loans
  4. Equipment Finance
  5. Loan on Accounts Receivables
  6. Factoring / Advances
  7. Trade Creditor
Lendingkart Business Loan Interest Rates and Other Charges
Interest Rates
1 to 2% per month
Processing Fees
1-2% 
Loan Tenure
up to 36 months
Pre-closure Charges
Nil after 6 months
Eligibility Criteria
> Rs. 90,000 turnover for 3 Months
Loan Amount
₹ 50,000 – ₹ 2 crore
Instalments
Flexible Monthly / Bi-weekly
Penal Interest
2% per month on the overdue installment
Eligibility Criteria for Lendingkart Business Loan
Being a fintech, lendingkart doesn’t treat its customers like banks. With lendingkart, one can easily avail a business loan up to Rs. 2 crores just by meeting these eligibility criteria –
  • Business age should be more than 6 months.
  • Minimum turnover of the business should be more than Rs. 90,000 or more in the last 3 months. 
  • Applicant’s business should not be in the blacklisted list of SBA finance.
  • The business’s physical location should not be in the negative location list.
  • Trust, NGOs, and charitable institutions are eligible for this loan.
Lendingkart Business Loan Documentation
These are the documents required at the time of business loan application -
Documents 
Proprietorship
Partnership
Person Company
Bank statement
Yes
Yes
Yes
Business registration proof
Yes
Yes
Yes
Proprietor(s) Aadhar Card copy
Yes
Yes
Yes
Proprietor(s) Pan Card copy
Yes
Yes
Yes
Partnership Deed Copy
No
Yes
No
Company Pan Card
No
No
Yes



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