Lendingkart provides up to 2 crore business loans for micro, small, and medium enterprises. The best part is you can apply online through 24hrloan. small or medium enterprises (SMEs) or large businesses are helpful to get a fast loan.
The interest rate starts from 12% to 46.5% p.a. Let’s start to apply for a Lendingkart business loan online.
Lendingkart Business Loan Quick Recap
| Interest Rates | 12% to 46.5% p.a. |
| Processing Fees | 2-3% |
| Loan Tenure | 12 months to 36 months |
| CIBIL Score | -1 / 700+ |
| Pre-closure Charges | NIL |
| Loan Amount | Rs. 50,000 – Rs. 2 crore |
| Eligible For | Self-Employed Business |
Benefits of Lendingkart Business Loan
Fast Approval: You will get the urgent loan without any delay. It will take around 3 days to get the loan to your account.
Higher Amount: Lendingkart provides up to 2 crore working capital loans.
Flexible Tenure: The loan tenure is flexible. You can choose 1 month to 36 months of repayment tenure.
No Hidden Charge: You can take a Lendingkart business loan with zero cost charges. Lendingkart will take only processing charges at the loan process time.
Affordable Interest: As per your credit health score, you will get the best interest rate through Lendingkart.
Also Read: HDFC Bank Mudra Loan
Eligibility Criteria for Lendingkart Business Loan
You can apply for a Lendingkart business loan with minimum documents. Check out the eligibility criteria below:
- Minimum 1 yr old business required
- The yearly transaction should be 12 lac on the bank statement.
- Applicant’s recent 3-month minimum turnover of Rs. 90,000 required
- Trusts, NGOs, and charitable institutions are negative industries.
- Proprietors, Partnership & Pvt. Ltd. / LLP can apply
Lendingkart Business Loan Documents Required
Proprietors / Individual Business
- 12-month bank statement
- Business registration proof (Trade License/ IT File/ GST File/ MSME Certificate)
- Applicant Pan Card
- Applicant Aadhaar Card
Partnership Business
- 12-month bank statement
- Business registration proof (Trade License/ IT File/ GST File/ MSME Certificate)
- Applicant Pan Card
- Applicant Aadhaar Card
- Partnership Deed
- Company Pan Card
Pvt. Ltd /LLP Company
- 12-month bank statement
- Business registration proof (Trade License/ IT File/ GST File/ MSME Certificate)
- Applicant Pan Card
- Applicant Aadhaar Card
- Company Pan Card
Lendingkart Business Loan Interest Rate
| Minimum Interest Rates | 12% per annum |
| Maximum Interest Rates | 46.5% per annum |
Also Read: Need 2 Lakh loan without income proof?
Lendingkart Business Loan Fees & Charges
| Processing Fees | 2-3% of the loan amount |
| Pre-closure Charges | NIL |
| Installments Pay | Flexible Monthly |
| Late Penalty | Rs. 300 and 36% on the overdue amount. |
How to Apply for Lendingkart Business Loan
Step 1: Click on the “Lendingkart Business Loan” button.
Step 2: Fill up all the basic details.
Step 3: Submit documents through our Email id ([email protected])
Step 4: Now Lendingkart will check your eligibility.
Step 5: If you are eligible, you will get the loan offer.
FAQs on Lendingkart Business Loan
Can I apply for a business loan without IT File?
You can apply for a Lendingkart business loan without an ITR file. Trade License is enough to get the loan.
What is the minimum requirement for a Lendingkart business loan?
Recent 3-month banking turnover should be Rs. 90,000 or more.
Am I eligible to apply without CIBIL Score?
You are eligible to apply without a credit score. Lendingkart provides business loans with mines one credit score.
How much loan does Lendingkart provide?
Lendingkart offers up to Rs. 2 crore business loans.