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With a Lendingkart Business Loan, you can access the funds needed to grow your business at competitive interest rates starting from 19.20% per annum. The specific interest rate offered depends on various factors, including your credit profile, financial history, and market conditions. Understanding these factors can help you prepare effectively and make an informed borrowing decision.

Details of the Lendingkart Business Loan Rate of Interest

Here are the interest rates and charges applicable to a Lendingkart Business Loan:

Particulars

Details

Interest Rate

19.20% p.a. onwards

Processing Fees

Up to 3% of the loan amount

*Disclaimer: The mentioned rates and charges are subject to change at the discretion of the lender.

How To Calculate Lendingkart Business Loan Interest

To understand how to calculate the monthly instalments for a Lendingkart Business Loan, let’s consider an example. Suppose you borrow ₹5,00,000 at an interest rate of 19.20% per annum for a tenure of 36 months. In this scenario, your EMI will be approximately ₹18,378.

Here’s a breakdown of the calculation:

Tenure

Principal Paid

Interest Charges

Outstanding Dues

1st Year

₹1,36,110

₹84,435

₹3,63,891

2nd Year

₹1,64,669

₹55,874

₹1,99,222

3rd Year

₹1,99,222

₹21,323

₹0

*Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.

Manually calculating the EMI can be time-consuming and prone to errors. Instead, use the business loan EMI calculator available on Bajaj Markets. It provides quick and accurate results, helping you plan your repayments effectively and focus on your business growth.

Factors Affecting Lendingkart Business Loan Interest Rates

Several factors influence the Lendingkart BL interest rates. Being aware of these factors can help you prepare and potentially secure a more competitive rate. 

Key factors include:

  • Loan Amount

Applying for a larger loan amount may lead to higher interest rates as it increases the lender’s risk. It’s advisable to borrow only what you need and ensure the repayment aligns with your financial capacity.

  • Credit Score

Your credit score plays a crucial role in determining the interest rate. A higher score reflects financial reliability, making you eligible for lower rates. Conversely, a lower score might result in higher rates due to increased risk.

  • Repayment Tenure

Shorter tenures generally result in lower interest rates, as they reduce the lender’s risk exposure. However, shorter tenures also mean higher EMIs. It’s essential to choose a tenure that balances affordability with the total loan cost.

  • Credit History

A history of timely repayments for loans and credit card dues demonstrates your creditworthiness. A strong repayment record can positively influence the interest rate offered to you.

  • Business Revenue and Profitability

Consistent revenue and stable financial performance are critical factors. Businesses with a strong turnover and profitability often secure more favourable terms.

Compare Lendingkart Business Loan Interest Rates with Other Partners

Our Partners
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Minimum Interest Rate
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Maximum Loan Amount
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Maximum Loan Tenure
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Aditya Birla Finance Limited

22% p.a.

₹10 Lakhs

36 months

4.5
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Ambit Finvest

20% p.a.

₹50 Lakhs

36 months

4.4
Image

AYE Finance

29.50% p.a.

₹2 Lakhs

30 months

4.2
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Bajaj Finance Limited

14% p.a.

₹30 Lakhs

96 months

4.8
Image

FlexiLoans

18% p.a.

₹50 Lakhs

36 months

3.9
Image

IIFL Finance

16.50% p.a.

₹30 Lakhs

48 months

3.9
Image

InCred

24% p.a.

₹3 Lakhs

60 months

4.1
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Indifi

22% p.a.

₹30 Lakhs

36 months

3.8
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KreditBee

18% p.a.

₹30 Lakhs

36 months

3.9
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Protium

20.5% p.a.

₹35 Lakhs

36 months

4.0
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Credit Saison

22% p.a.

₹10 Lakhs

36 months

4.1
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UGRO Capital

24% p.a.

₹50 Lakhs

72 months

4.4
View More

How to Apply for Lendingkart Business Loan on Bajaj Markets

Follow these simple steps to apply for a Lendingkart Business Loan online through this page:

  1. Click on the ‘Check Eligibility’ button provided on this page

  2. Fill in your personal and income-related details accurately

  3. Select ‘Lendingkart’ from the list of available lenders

  4. Enter your desired loan amount and repayment tenure

  5. Review all the information you’ve provided and submit your application

After submission, your application will go through a verification process. Once verified, the lender will contact you to guide you through the next steps.

FAQs

What is the minimum and maximum interest rate on Lendingkart Business Loans?

The interest rate for Lendingkart Business Loans starts from 19.20% per annum onwards.

Does my credit score affect the interest rate on a Lendingkart Business Loan?

Yes, your credit score has a significant impact on the interest rate. A higher credit score may help you secure a lower interest rate, while a lower score could lead to higher rates due to increased risk.

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