Know more about Lendingkart Business Loan interest rates and detailed EMI calculations to make informed borrowing decisions.
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.
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.
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.
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:
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.
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.
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.
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.
Consistent revenue and stable financial performance are critical factors. Businesses with a strong turnover and profitability often secure more favourable terms.
Our Partners
|
Minimum Interest Rate
|
Maximum Loan Amount
|
Maximum Loan Tenure
|
|
---|---|---|---|---|
![]() Aditya Birla Finance Limited |
22% p.a. |
₹10 Lakhs |
36 months |
|
![]() Ambit Finvest |
20% p.a. |
₹50 Lakhs |
36 months |
|
![]() AYE Finance |
29.50% p.a. |
₹2 Lakhs |
30 months |
|
![]() Bajaj Finance Limited |
14% p.a. |
₹30 Lakhs |
96 months |
|
![]() FlexiLoans |
18% p.a. |
₹50 Lakhs |
36 months |
|
![]() IIFL Finance |
16.50% p.a. |
₹30 Lakhs |
48 months |
|
![]() InCred |
24% p.a. |
₹3 Lakhs |
60 months |
|
![]() Indifi |
22% p.a. |
₹30 Lakhs |
36 months |
|
![]() KreditBee |
18% p.a. |
₹30 Lakhs |
36 months |
|
![]() Protium |
20.5% p.a. |
₹35 Lakhs |
36 months |
|
![]() Credit Saison |
22% p.a. |
₹10 Lakhs |
36 months |
|
![]() UGRO Capital |
24% p.a. |
₹50 Lakhs |
72 months |
|
Follow these simple steps to apply for a Lendingkart Business Loan online through this page:
Click on the ‘Check Eligibility’ button provided on this page
Fill in your personal and income-related details accurately
Select ‘Lendingkart’ from the list of available lenders
Enter your desired loan amount and repayment tenure
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.
The interest rate for Lendingkart Business Loans starts from 19.20% per annum onwards.
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.