Lendingkart Business Loans: Fast, Flexible, and Reliable
Growing your business, and access to timely and hassle-free financing can make all the difference. For small and medium-sized enterprises (SMEs) in India, Lendingkart Finance Limited emerges as a game-changer. This article will walk you through everything you need to know about Lendingkart business loan, from its registration with the Reserve Bank of India (RBI) to the application process, interest rates, and even its competitors. Let’s delve into the world of Lendingkart and explore how it can fuel your entrepreneurial dreams.
Lendingkart Finance Ltd – Your Trusted Financial Partner
Lendingkart RBI Registered
Lendingkart Finance Ltd is a non-deposit taking NBFC (Non-Banking Financial Company) that’s proudly registered with the RBI. This is a crucial certification that assures you of the company’s trustworthiness and reliability.
The Lendingkart App
Lendingkart understands the value of time and convenience. That’s why they offer a user-friendly mobile app, available on both Android and iOS platforms. This app allows SMEs to apply for loans efficiently, from anywhere and at any time.
Benefits of Using the Lendingkart App
Convenient and Quick
The Lendingkart app simplifies the loan application process. SMEs can apply for loans at their convenience, with a quick and efficient process that saves time.
Hassle-Free and Flexible
Lendingkart’s loan application process is designed to be straightforward and hassle-free. It offers a range of loan products tailored to meet the diverse needs of SMEs. You can choose a loan that aligns with your specific business requirements.
Competitive Interest Rates
Lendingkart is known for offering competitive interest rates on its loans. This means you can access the funds you need without breaking the bank.
How to Apply for Lendingkart Business Loan
The application process for a Lendingkart loan is as simple as it gets. Follow these steps to get started:
1. Check Your Eligibility
Provide a few details to check your eligibility for a business loan. Lendingkart streamlines the process, so you can quickly assess whether you qualify.
2. Upload Documents
Complete your application by uploading the necessary documents. This typically includes financial statements and bank statements.
3. Get a Loan Offer
Lendingkart will evaluate your application and propose a fair loan offer tailored to your specific needs.
4. Sign Your Loan Agreement
Once you’ve reviewed the loan offer and are satisfied with the terms, sign the agreement along with your KYC documents.
5. Grow Your Business
The approved funds will be transferred to your account after the necessary verifications. This is your opportunity to grow and expand your business seamlessly.
Lendingkart Loan Products
Lendingkart Business Loan
Lendingkart offers unsecured business loans to SMEs in India, with loan amounts ranging from ₹50,000 to ₹2 crore. The loan tenure can vary from 6 to 36 months, offering flexibility to suit your business’s needs.
The interest rate for Lendingkart business loans is determined on a case-by-case basis, depending on your creditworthiness and the loan amount. The processing fee typically falls within the range of 2-5% of the loan amount.
Lendingkart Personal Loan
Lendingkart also extends personal loans to individuals in India. These personal loans can range from ₹50,000 to ₹5 lakh, with loan tenures between 6 and 36 months.
Like business loans, the interest rate for personal loans is determined on a case-by-case basis, and the processing fee is usually 2-5% of the loan amount.
Lendingkart Credit Card
Lendingkart doesn’t stop at loans; they also offer a credit card with enticing benefits:
- Low interest rates
- A rewards program
- No annual fees
- Balance transfer facilities
Eligibility for Lendingkart Loans and Credit Card
To be eligible for a Lendingkart loan or credit card, you must meet the following criteria:
- You must be a resident of India.
- You must be of legal age (18 years or older).
- You must possess a valid PAN card and an Aadhaar card.
- You must maintain a good credit score.
How to Apply for a Lendingkart Loan or Credit Card
Applying for a loan or credit card through Lendingkart is an easy process, thanks to their user-friendly process. Here’s a step-by-step guide on how to get started:
1. Simple Application Process
The first step is to initiate the application process, and Lendingkart ensures it’s a straightforward journey. Follow these steps to apply:
2. Check Your Eligibility
- Begin by providing some basic details about yourself.
- Lendingkart will swiftly assess your eligibility for a business loan or credit card.
3. Upload Documents
- Complete your application by uploading a few essential documents.
- These documents typically include:
- PAN Card
- Aadhar Card
- Bank Statement
- Registration Proof (Partnership Deed, if applicable)
- Company PAN (if applicable)
4. Get a Loan Offer
- Once your application is received, Lendingkart will evaluate your financial situation.
- They will then propose a fair loan offer tailored to your specific needs.
5. Sign Your Loan Agreement
- Review the loan offer and, if satisfied, proceed to sign the agreement.
- You’ll also need to submit your KYC (Know Your Customer) documents for verification.
6. Grow Your Business
- After the necessary verifications are complete, the approved funds will be transferred to your account.
- This is your opportunity to utilize the funds and propel your business to new heights.
Lendingkart Interest Rates
The interest rates on Lendingkart loans are determined based on your creditworthiness and the loan amount. Generally, interest rates for Lendingkart business loans fall in the range of 1.25% to 24% per annum, while interest rates for personal loans typically range from 1.5% to 28% per annum.
Companies Like Lendingkart
Lendingkart is not the only player in town. Several companies offer similar financial products and services, including:
- Bajaj Finserv
- Capital Float
- Aye Finance
Each of these companies caters to the financial needs of SMEs and individuals across India, providing a variety of loan options.
In the highly competitive fintech landscape, Lendingkart faces strong competition from other companies that offer similar services. Some of the major competitors include:
- Bajaj Finserv
- Capital Float
These competitors have established themselves with a vast customer base and a wide range of financial products and services.
Lendingkart Help Center
Should you have any questions or require assistance with your Lendingkart loan or credit card, their Help Center is a valuable resource. Accessible through the Lendingkart website, app, or via phone at 1800-572-0202, the Help Center is dedicated to addressing your concerns and ensuring your experience with Lendingkart is smooth and trouble-free.
Conclusion on Lendingkart Business Loan
In summary, Lendingkart Finance Ltd stands out as a reliable financial partner for both SMEs and individuals. With competitive rates, a user-friendly app, and a transparent application process, Lendingkart offers a seamless path to financial success. Whether you’re a business owner seeking capital or an individual in need of financial support, Lendingkart is a trustworthy choice to help you achieve your financial goals.
FAQs on Lendingkart Business Loan
Is Lendingkart a registered financial institution?
Yes, Lendingkart Finance Ltd is registered with the Reserve Bank of India (RBI), making it a trustworthy choice for your financial needs.
What types of loans does Lendingkart offer?
Lendingkart provides unsecured business loans, personal loans, and credit cards with attractive features.
How can I apply for a Lendingkart loan or credit card?
You can apply by visiting the Lendingkart website or downloading their user-friendly app. The application process is straightforward, requiring basic information and document uploads.
What is the interest rate for Lendingkart loans?
The interest rate is determined on a case-by-case basis, varying according to your creditworthiness and the loan amount.
Who are the competitors of Lendingkart?
Lendingkart faces competition in the highly competitive fintech landscape. Some of its key competitors include: