Quick finance for a machinery loan in India has remained elusive for a large number of SMEs that are in need of business loans . What becomes difficult for these business owners is the fact that the nature of the SMEs mean that they cannot usually afford the collateralization of their holdings in order to get a machinery loan without security. One of the biggest disadvantages that are caused due to the lack and/or absence of adequate numbers of stable machinery loan(s) in the country is the fact that the SME sector in India contributes roughly 45% of the GDP, and is not equipped enough to compete with foreign businesses at this point.
However, there has been some recent improvement in the matters of machinery loan in the country. There are a number of non-banking companies in India that are taking up the matter in their hands, and planning on providing financial help for the SMEs in India. Lendingkart Business Loan is one of the most widely known of such business loans, which is provided by an Indian NBFC, Lendingkart Finance. Lendingkart Business Loan is a machinery loan without security which can be used for achieving a stable working capital, purchase of machinery, and for meeting several other goals and objectives.
There are multiple benefits and reasons for which you should apply for Lendingkart Business Loan:
If you are looking for Lendingkart Business Loan, apply keeping in mind the criteria for eligibility:
Check complete list of lendingkart business loan eligibility only at Finserv MARKETS
The following are the list of documents and paperwork that would be required to complete the application process:
Lendingkart Business Loan is available on Finserv MARKETS with minimal paperwork and complete transparency. The turnarounds and disbursal are fast, and there are no collaterals or hidden costs associated. The repayment term is flexible and ranges between 6-36 months.
Also know your credit score for free at Finserv MARKETS and take informed decision for your financial plan
Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we work towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.