All business owners dream of building an empire. To do this, the business must be turned into a brand, which requires passion, hard work, conviction, and, of course, money. While entrepreneurs will have to cultivate the first three by themselves, the funds can be arranged through various sources, such as Lendingkart Business Loans.
If you think your business has got it all to reach the pinnacle of success, but it is just the capital holding you back, then you need not worry. You can simply apply for a business loan provided from Lendingkart today through Bajaj Markets. This kind of financing will help you become the entrepreneur you have always dreamed of and scale your business up to greater heights.
Applying for a Lendingkart Business Loan online on Bajaj Markets is quite simple. All you need to do is follow the steps outlined below.
Visit the Bajaj Markets website.
Head to the ‘Loans’ section in the homepage.
Under the ‘Business Loan’ section , select the ‘Apply for a Business Loan’ option.
Fill in all the required details in the application form provided.
Click on the ‘Check Your Offer’ option.
From the list of lending partners, choose Lendingkart.
Enter the loan amount required, the repayment tenure you prefer, and other required details.
Your details will be sent with the Lendingkart team for further processing.
While availing a business loan, it is advisable to consider the interest rates and associated charges. As such, Lendingkart Business Loans come with competitive interest rates and minimum processing charges. The interest rates on these loans usually start from 12%. The actual rates will, however, depend on the loan amount and the type of business that you are in, among other things.
In addition to the applicable interest, there are only two other kinds of charges. One of them is a one-time processing fee that can range up to 2.75% of the loan amount. You will also incur GST along with the processing charges. The other important fee is the loan foreclosure charge if you wish to repay or foreclose the loan ahead of tenure. Such a facility can be availed only after the first EMI is paid.
You must also keep in mind that the interest rates and associated charges are always subject to changes at the lender’s discretion. Take a look at the interest rates in India and other charges associated with Lendingkart Business Loans.
Rate of interest |
12% p.a. onwards |
Tenure of the loan |
Up to 36 months |
Collateral |
NA |
Amount of loan |
Up to ₹50 Lakhs |
Pre-Closure fees |
NA |
Processing charges |
Up to 2.75% of the loan amount |
Time to sanction a loan |
Within 3 working days |
Eligibility |
₹12 Lakhs p.a. annual turnover |
Depending on your eligibility, you can avail high-value business loans of up to ₹50 Lakhs to expand your business venture.
The application process in its entirety is carried out online on Bajaj Markets. The process for applying for this particular loan does not require you to furnish a lot of documents.
You no longer have to wait for long periods to avail the loan. You can get money credited in your account in a matter of just three working days.
Lendingkart business loans are unsecured in nature, which means that you do not need to pledge any collateral as security.
You can be assured of the fact that you will get the loan amount at the best possible interest rates. The big data tools which are always at play are used so that you secure a Lendingkart business loan which attracts the lowest possible interest rate.
The loan repayment tenure tends to stay within the range of 6 to 36 months. Such flexible repayment tenures will make it easier for you to pay off the loan.
Thanks to a fully digital process, you can quickly obtain credit, allowing you to take advantage of all the business opportunities that come your way without having to make any compromises.
For businesses, having a streamlined and consistent cash flow as and when they need it is very important. With Lendingkart business loans, you can ensure that your business never runs out of funds.
As you continue to repay the EMIs of your Lendingkart business loans on time, your credit score improves. The higher your score, the greater your creditworthiness will be. This will also help you land better and larger loans in the future.
You must fulfil the following eligibility criteria to secure a Lendingkart business loan:
Your business must be operational for at least 6 months.
A minimum turnover of ₹90,000 is required from your business while applying for the loan. The documents which will be provided as evidence for the same should reflect that the business has been meeting the turnover criteria successfully since the past three months.
You should be 25 years of age at the least and 60 at most.
While applying for a Lendingkart Business Loan, you must provide a handful of basic documents as well, namely:
Address Proof: Aadhaar Card, Voter ID, Driving Licence, etc.
Identity Proof: PAN Card, Aadhaar Card, Driving Licence, Passport
Proof of the fact that your business exists, such as the GST registration certificate and relevant trade licences, among others
Copy of Income Tax Returns for past 2 financial years
Bank statement going back at least 12 months
Lendingkart has multiple customer care channels that you can get in touch with to air your questions and grievances. If you prefer speaking to a representative, you can call Lendingkart’s customer care cell at 1800 572 0202. Or, you can email your queries or grievances at care@lendingkart.com.
If your grievance still remains unsolved, you can contact the grievance redressal team of Lendingkart through -
Phone: +91- 6358874622 (10.30 am to 6.00 pm from Monday to Friday except National Holidays)
Email ID: grievance.redressal@lendingkart.com
Lendingkart offers Business Loans up to ₹50 Lakhs with interest rates starting from 12% p.a. The loan can be used to expand your business operations, buy raw materials and much more.
The repayment tenure for a Lendingkart Business Loan ranges from 6-36 months.
You can borrow up to ₹50 Lakhs as a business loan amount from Lendingkart.
Lendingkart takes 3 working days to sanction the loan.
The loan can be paid in EMIs either monthly or bi-weekly basis.
You can check the eligibility for the Lendingkart Business Loan using the eligibility calculator.
Since a business loan is an unsecured loan, you need not provide any security.
Applicants in Proprietorship/Partnership/ Pvt Ltd/ Public Ltd/ LLP/ Single owner company can apply for a Lendingkart Business Loan.
Though not on a regular basis, Lendingkart offers business loans with a lower CIBIL Score. However, the rate of interest will be high.
The interest rate on the business loan can be decided from the CIBIL Score, annual turnover, business experience etc.
It is very easy to apply for a business loan. Set your loan amount, choose the lender as per your preference, check your eligibility and then apply for the loan.
It is up to 2.75% of the loan amount.
The major advantage that you get to enjoy by repaying a loan bi-weekly is that you significantly reduce the time it takes to repay the loan. By repaying the loan in a faster time-frame, you can not only reduce your debt burden quickly but also avail a new credit facility.
There are multiple different kinds of Lendingkart finance business loans that you can apply for. Here’s a quick look at what they are.
Bank overdraft / Line of credit facility
Short term loans
Equity Funding
Equipment Financing
Factoring/ advances
Trade Creditor
Loans on accounts receivables