Lendingkart Business Loan: Complete Guide to Eligibility, Interest Rates, Application Process & Benefits
Access to timely finance is one of the biggest growth enablers for small and medium businesses in India. Whether it’s managing working capital, expanding operations, purchasing inventory, or investing in marketing, business owners often require quick and hassle-free funding. This is where Lendingkart Business Loan emerges as a powerful solution.
Lendingkart is one of India’s leading fintech NBFCs, known for offering collateral-free business loans with fast approvals, minimal documentation, and a fully digital process. In this detailed guide, we will cover everything you need to know about Lendingkart business loans — from eligibility and interest rates to application steps, benefits, and common FAQs.
What Is Lendingkart?
Lendingkart is a technology-driven lending platform that provides unsecured loans to MSMEs, startups, and self-employed professionals. Founded with the objective of simplifying business finance, Lendingkart leverages data analytics and digital tools to assess creditworthiness beyond traditional methods.
Unlike banks that rely heavily on collateral and lengthy paperwork, Lendingkart focuses on business cash flow, transaction history, and operational performance.
What Is a Lendingkart Business Loan?
A Lendingkart Business Loan is an unsecured loan designed specifically for small and medium businesses that need quick capital without pledging assets.
These loans are ideal for:
- Working capital requirements
- Business expansion
- Inventory purchase
- Equipment or machinery
- Marketing and advertising
- Managing cash flow gaps
Since no collateral is required, Lendingkart business loans are particularly popular among startups and small enterprises.
Key Features of Lendingkart Business Loan
Here are the standout features that make Lendingkart a preferred choice for business financing:
1. Collateral-Free Loans
No property, machinery, or personal assets are required as security.
2. Quick Approval
Loan approvals can be received within 24–72 hours, depending on profile verification.
3. Digital Application Process
The entire loan process — from application to disbursal — is online.
4. Flexible Loan Amount
Businesses can avail loans starting from ₹50,000 up to ₹2 crore, depending on eligibility.
5. Short to Medium Tenure
Loan tenures typically range from 6 months to 36 months.
6. Minimal Documentation
Only basic KYC and business documents are required.
Lendingkart Business Loan Eligibility Criteria
Before applying, it is important to understand the eligibility requirements.
Basic Eligibility Conditions
- Applicant must be Indian resident
- Business should be operational for at least 6–12 months
- Applicant should be 21 to 65 years of age
- Minimum annual turnover requirement (varies by profile)
- Good banking and repayment history
Eligible Business Types
- Proprietorships
- Partnerships
- Private Limited Companies
- Limited Liability Partnerships (LLPs)
- Traders, manufacturers, service providers
- E-commerce sellers and retailers
Documents Required for Lendingkart Business Loan
One of the biggest advantages of Lendingkart is its simplified documentation process.
Commonly Required Documents
- PAN Card (individual & business)
- Aadhaar Card / Voter ID / Passport
- Business registration proof
- Bank statements (last 6–12 months)
- GST certificate (if applicable)
- Address proof
Depending on your business profile, additional documents may be requested.
Lendingkart Business Loan Interest Rates
Lendingkart business loan interest rates depend on several factors such as business turnover, credit profile, and risk assessment.
Indicative Interest Rates
- Starting from 1.25% per month
- Can range up to 2.75% per month
- Rates are higher compared to banks due to unsecured nature
Other Charges to Consider
- Processing fees
- GST on applicable charges
- Penal interest for delayed EMIs
Always review the loan agreement carefully before acceptance.
Loan Amount & Tenure Offered by Lendingkart
Loan Amount
- Minimum: ₹50,000
- Maximum: ₹2 crore (for eligible businesses)
Loan Tenure
- 6 months
- 12 months
- 18 months
- 24 months
- 36 months
Shorter tenures generally attract lower total interest outgo.
How to Apply for Lendingkart Business Loan (Step-by-Step)
The application process is simple and fully online.
Step 1: Online Registration
Visit the Lendingkart platform or apply through a trusted financial platform like My Advisers.
Step 2: Fill Business Details
Enter details such as business name, turnover, GST information, and bank account details.
Step 3: Upload Documents
Submit basic KYC and business documents digitally.
Step 4: Credit Assessment
Lendingkart evaluates your business profile using advanced analytics.
Step 5: Loan Approval
Once approved, loan terms are shared with you.
Step 6: Disbursal
Loan amount is credited directly to your bank account.
Advantages of Lendingkart Business Loan
1. Ideal for Small Businesses
Perfect for businesses that do not have collateral or long credit history.
2. Faster Than Banks
Significantly quicker processing compared to traditional banks.
3. No Branch Visits
Entire process can be completed online.
4. Flexible Use of Funds
No restriction on how the loan amount is used.
5. Supports Business Growth
Helps MSMEs scale operations without cash flow pressure.
Limitations of Lendingkart Business Loan
While Lendingkart offers several benefits, it’s important to be aware of some limitations:
- Higher interest rates compared to secured bank loans
- Shorter repayment tenure
- Strict eligibility based on cash flow and turnover
- Penal charges for delayed payments
Lendingkart Business Loan vs Bank Business Loan
| Feature | Lendingkart | Traditional Banks |
|---|---|---|
| Collateral | Not Required | Often Required |
| Approval Time | 1–3 Days | 7–30 Days |
| Documentation | Minimal | Extensive |
| Interest Rate | Higher | Lower |
| Flexibility | High | Limited |
Who Should Opt for Lendingkart Business Loan?
Lendingkart business loans are best suited for:
- Small business owners
- Startups without collateral
- Traders & retailers
- Service professionals
- Businesses needing urgent capital
If you require fast funding and can manage slightly higher interest costs, Lendingkart is a strong option.
Tips to Improve Lendingkart Loan Approval Chances
- Maintain healthy bank balances
- Ensure GST filings are up to date
- Avoid cheque bounces
- Maintain a good credit score
- Show consistent business income
How My Advisers Helps You Get Lendingkart Business Loan
My Advisers simplifies the loan process by connecting you with verified lending partners and financial experts.
Benefits of Applying via My Advisers
- Free loan assistance
- Expert guidance
- Comparison with other lenders
- Faster processing
- No hidden charges
By applying through My Advisers, you increase approval chances and save time.
Frequently Asked Questions (FAQs)
Is Lendingkart business loan collateral-free?
Yes, Lendingkart offers unsecured business loans.
How long does disbursal take?
Typically within 24–72 hours after approval.
Can startups apply?
Yes, if minimum operational criteria are met.
Is GST mandatory?
Not always, but having GST improves approval chances.
Final Thoughts
A Lendingkart Business Loan is a powerful financing solution for Indian MSMEs seeking fast, flexible, and collateral-free funding. While interest rates are higher than traditional banks, the speed, convenience, and accessibility make it a preferred choice for growing businesses.
If you’re planning to apply, platforms like My Advisers can help you compare options, improve approval chances, and secure the best possible loan terms.
Smart financing leads to smart growth — choose wisely.
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