Small and medium-sized businesses (SMEs) often struggle to access quick and reliable financing through traditional banks. Lengthy approval procedures, collateral requirements, and heavy paperwork make it challenging for entrepreneurs to secure timely credit. To solve this issue, Lendingkart has emerged as a trusted digital lending platform that provides collateral-free business loans with a completely online application process.
This article provides a detailed guide on the Lendingkart application, how to apply, eligibility requirements, loan amounts, interest rates, benefits, and frequently asked questions.
What is Lendingkart?
Lendingkart is a leading fintech company in India that specializes in offering fast and hassle-free business loans to SMEs and startups. The platform focuses on working capital loans and short-term financing solutions to help businesses grow, manage cash flow, and expand operations without the need for collateral.
All loan processes with Lendingkart are conducted digitally, ensuring a smooth and paperless experience for borrowers.
Key Features of Lendingkart Loans
Collateral-free loans, no assets required.
Loan amounts starting from ₹50,000 and going up to ₹2 crore.
Flexible repayment tenure ranging from 1 month to 36 months.
Quick approval and disbursal, often within 72 hours.
Competitive interest rates, starting at 12% per annum.
100% online loan application process with minimal paperwork.
Working capital-focused loans designed for SMEs and entrepreneurs.
Eligibility Criteria
Lendingkart offers business loans with simple eligibility requirements:
- Business vintage: At least 6 months of business operations.
- Turnover: A minimum turnover of ₹90,000 in the last 3 months.
- Applicant type: Small business owners, traders, service providers, startups, and retailers.
- Age: The applicant must be between 21 and 65 years of age.
Documents Required
Lendingkart follows a minimal documentation policy. The following documents are usually required:
KYC documents: Aadhaar, PAN, Passport, or Voter ID.
Business proof: GST registration, business license, shop act license, or partnership deed.
Bank statements: Last 6 months’ bank statements.
Financial statements: Income tax returns or audited financials, if applicable.
How to Apply for a Lendingkart Loan
Applying for a Lendingkart loan is quick and straightforward.
Step 1: Visit the Lendingkart Website or Mobile App
Go to the official Lendingkart website or download the Lendingkart app from the Play Store.
Step 2: Fill the Loan Application Form
Provide basic personal details and business-related information such as turnover, GST, and operational history.
Step 3: Upload Required Documents
Upload scanned copies of identity proof, business proof, and bank statements.
Step 4: Loan Assessment
Lendingkart uses data analytics and AI-driven models to evaluate the applicant’s creditworthiness, cash flow, and repayment capacity.
Step 5: Loan Approval and Disbursal
If eligible, a loan offer is shared. Upon acceptance, the loan amount is credited to the business account within 72 hours.
Loan Amount and Tenure
Lendingkart provides flexible financing options depending on the size and financial health of the business.
Minimum loan amount: ₹50,000
Maximum loan amount: ₹2 crore
Repayment tenure: 1 to 36 months
For instance:
A small retailer with an annual turnover of ₹5 lakh may be eligible for a loan of ₹3–5 lakh.
A medium-scale enterprise with a turnover of ₹50 lakh can receive funding between ₹50 lakh and ₹1 crore.
Benefits of Choosing Lendingkart
No collateral required.
Fully online application process.
Quick loan disbursal within 72 hours.
Transparent charges with no hidden fees.
Flexible EMI repayment options.
Funding tailored for working capital and business expansion needs.
Uses of Lendingkart Business Loan
A Lendingkart loan can be used for multiple business purposes, such as:
Purchasing raw materials or inventory.
Expanding business operations.
Paying staff salaries and overheads.
Marketing and promotional activities.
Buying machinery and equipment.
Managing seasonal cash flow gaps.
Conclusion
The Lendingkart loan application is a convenient way for entrepreneurs and SMEs to secure quick financing without the traditional hurdles of banking procedures. With collateral-free loans, minimal documentation, and fast disbursal, Lendingkart has become a popular choice for businesses looking to manage working capital or expand operations.
If you are a business owner or startup founder seeking reliable funding, applying through the Lendingkart platform can provide the necessary financial support for growth.
20 Frequently Asked Questions on Lendingkart
Q1. What is the minimum loan amount offered by Lendingkart?
The minimum loan amount is ₹50,000.
Q2. What is the maximum loan amount available?
Businesses can get up to ₹2 crore, depending on eligibility.
Q3. What is the interest rate on Lendingkart loans?
Interest rates generally start from 12% per annum and vary based on business performance.
Q4. How quickly are Lendingkart loans disbursed?
Loans are usually disbursed within 72 hours after approval.
Q5. Do I need to provide collateral?
No, Lendingkart loans are completely collateral-free.
Q6. Who can apply for Lendingkart loans?
SMEs, startups, service providers, traders, and retailers can apply.
Q7. What is the repayment tenure?
Loan repayment tenure ranges between 1 month and 36 months.
Q8. Is there any minimum turnover requirement?
Yes, the business should have a turnover of at least ₹90,000 in the last 3 months.
Q9. Is CIBIL score important for Lendingkart loans?
While CIBIL score is considered, Lendingkart also evaluates cash flow and repayment ability.
Q10. Can startups apply for Lendingkart loans?
Yes, startups can apply if they have been operating for at least 6 months.
Q11. What documents are needed for the loan application?
Basic KYC documents, business proof, and last 6 months’ bank statements are required.
Q12. Can the loan be used for personal purposes?
No, Lendingkart loans are strictly for business purposes only.
Q13. Is the loan approval process fully online?
Yes, the entire process is digital and paperless.
Q14. How do I check loan eligibility before applying?
Eligibility can be checked instantly on the Lendingkart website or mobile app.
Q15. Are there any hidden charges?
No, Lendingkart follows a transparent fee structure.
Q16. Can I prepay the loan before tenure ends?
Yes, prepayment options are available, subject to terms and conditions.
Q17. Is a guarantor required for Lendingkart loans?
No, guarantors are not required.
Q18. How secure is my data during the application process?
Lendingkart ensures data security through encrypted digital systems.
Q19. Can I get a loan if my business is less than 6 months old?
No, the business must be at least 6 months old to be eligible.
Q20. Can I apply for Lendingkart loans offline?
No, applications are accepted only through the website or mobile app.
