Lendingkart is a digitized lending platform that provides financial assistance to startups and small enterprises in India via a network of associated lending associates. Applicants can apply for financial assistance at any time using Lendingkart’s official website or smartphone apps, and they can receive their approved loans in just a few days from anywhere in the country.
Lendingkart is a major financial technology startup in the Indian loan market. It offers business loans to small, micro, and medium-sized firms at low-interest rates. You are eligible for a large amount of money, up to Rs. 35 lakh. LendingKart Business Loans are available for a variety of objectives, including startup funding, operational fund requirements, advertising for your company, and the purchase of equipment.
Ask for a Lendingkart business loan through Refer Loan. With Refer Loan, you will experience a straightforward and quick means of applying.
LendingKart Business Loan Highlights 2024
| Loan Features | Details |
| Loan Cap | Rs. 1 Lac to Rs. 35 Lac |
| Minimum Vintage | – 7 months with Co-applicant |
| Credit Score (CIBIL) | – Minimum CIBIL score of 600+ |
| CIBIL Score Acceptance | – Minus 1 CIBIL Score Accepted |
| Acceptance Criteria | – Both Rented Accommodations Accepted |
| Financial Document Requirement | – Accepts Applications without GST return or ITR filing |
| Geographic Coverage | – Pan India Acceptance of loan Applications |
| Age Limit | – Applicants aged 18 and above are Acceptable |
| Age Limit with Co-applicant | – Applicants aged 60 and above are acceptable with a Co-applicant |
| Business Account | – Business operated on saving account + Registration is acceptable |
| Udyam Certificate Requirement | – Udyam certificate with vintage one year and banking vintage one year is acceptable |
| Bank Statement Format | – Only PDF format banking statements are acceptable |
| Registration Requirement | – Applications without registration are not accepted. |
Key Advantages of LendingKart Business Loans
- You may apply for high-value business financing of up to Rs. 35 lakh to fund your expansion plans. The minimal business loan amount granted to any organization is Rs. 1 lakh.
- This wide spectrum of loans helps organizations meet their various company needs, such as expanding, needs for working capital, etc.
- You do not need to wait months for the loan. The funds will be transferred to your banking account within 5-7 business days.
- No additional collateral needs to be presented. These financing options for businesses are unsecured, and you are not required to commit any asset as a guarantee.
- Lendingkart offers business loans with no unexpected fees or levies.
Required Documents To Apply For LendingKart Business Loan
| Document | Applicant | Co-Applicant |
| KYC | Required | Required |
| Last 3 year ITR with computation of income | Required | Required |
| Last 3 year audited balance sheet | Required | Not applicable |
| Last 3 year Tax audit report | Required | Not applicable |
| Last 12 month Bank Statement | Required | Required |
| 26AS of last 2 year | Required | Required |
| Copy of GST registration | Required | Not applicable |
| Copy of MSME registration | Required | Not applicable |
| Copy of Last 12 month GST return | Required | Not applicable |
| Sanction letter of all running loans | Required | Not applicable |
| Debt Sheet | Required | Not applicable |
| Latest utility Bill (residence) | Required | Required |
| Latest utility Bill (office) | Required | Required |
| 2 References with contact details | Required | Required |
| Last 3 years Debtors & Creditors on letterhead | Required | Not applicable |
| List of Directors & Shareholders/Partners | If Company: Required | If Company: Required |
Several Variables Impact the Lendingkart Business Loan’s Rate of Interest
- The credit score has a substantial impact on the interest rates for business financing. If your credit score is higher than 750, you have a good chance of securing a loan with appealing rates of interest. Of course, this depends on other important aspects such as turnover per year, business expertise, and so on.
- Rates of interest may differ depending on the number of years a business has been in operation. More years of business expertise will get you cheaper rates of interest because lenders are more confident in your ability to repay.
- The yearly turnover is highly significant in having your loan accepted. If your firm generates a bigger profit, you’ll have an increased likelihood of receiving lower interest rates on your business’s loan. If the profits are substantial, you may be able to bargain for a lower interest rate with your financial institution.
- Greater profits will allow you to qualify for business loans with reduced interest rates.
How To Apply For LendingKart Business Loan?
If you’re looking for a seamless process, follow the instructions below:
Open https://referloan.in/.
Navigate to the “Loan” option.
Click on the “Business Loan” option.
Select LendingKart Business Loan.
If you’re an existing client, complete the form. New people must first register before submitting their application form.
Enter your name, phone number and email Id for OTP authentication.
Bring in your earnings and KYC information.
Choose your loan size.
Attach all relevant papers.
Send your application form.
Wait for a Response from Refer Loan’s Team.
How To Reach LendingKart for A Business Loan?
If you have any questions or concerns about your Lendingkart business loan, reach out to customer care.
You may reach customer support using any of the following methods:
Toll-Free Number – 1800-572-0202
Email ID – care@lendingkart.com