Get an Instant Business Loan Approval

LENDINGKART BUSINESS LOAN INTEREST RATE START FROM
2% per month

Apply online for instant approval*!

Apply For Business Loans

Your desired loan amount

Your Employment Type ?

YOUR NET MONTHLY INCOME?

Your Company Name

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Your account is with?

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I have read and agree to the terms of use and hereby appoint rokrabazaar as my authorised representative to receive my credit information from Civil/ Experian/ (bureau).

Apply For Business Loans

Your desired loan amount

Your Employment Type ?

YOUR NET MONTHLY INCOME?

Your Company Name

office-block

Your account is with?

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Loan Need Time?

We don't sell your details to annoying people. Read our Privacy Policy.*

I have read and agree to the terms of use and hereby appoint rokrabazaar as my authorised representative to receive my credit information from Civil/ Experian/ (bureau).

Benefits Of Availing Personal Loan From Rokdabazaar

  • Hassle free one-stop shop for all kinds of loans
  • Committed to offer the most appropriate solution at the best price
  • Customized solutions for customer specific requirements
  • Quotations for multiple lenders/banks
  • Free credit report check
  • Dedicated relationship management
  • Door-step services

Paymnet Options

  • Drop A Cheque
  • Pay Online

Eligibility for Business Loan

  • Age must be between 25- 65 years.
  • Business must have cash profit in the last two financial years
  • Business must be 03 years old.
  • Audited Balance Sheet by Registered Charted Accountant
  • Business turn should show an upward trend in terms of profit

Documentation required for business loan

  • Photo
  • Photo Identity Proof
  • Business Proof (GST/Trade License/Ownership Documents/ITR/Balance Sheet/ Profit Loss Account statement)

Fees and charges

  • Processing Fee: Up to 2.75% of the loan amount + GST
  • Penal interest/Additional Interest: 3% on Overdue Amount per month + GST

Miscellaneous charges

Bounce Charges

₹ 2000 for every Cheque/ Payment Instrument Dishonour + GST

Mandate Rejection Service Charge

₹ 450 + GST

(Charges will be levied if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by Customer’s Bank for any reasons whatsoever.)

CCOD Annual Maintenance Charges

0.25% on Dropline Amount or ₹ 1000 whichever is higher per year will be deducted from the limit and shall be payable at the end of the 13th month 

Document Processing Charges

₹ 999 + GST 

Outstation Collection Charges

₹ 100 + GST per repayment instrument 

Statement of Accounts

Soft Copy – Nil 

Branch walk in - ₹ 250 + GST

Duplicate Repayment Schedule

Soft copy - Nil

Branch walk in - ₹ 550 + GST

Foreclosure Charges

4.5% on the future principal outstanding on existing loan + GST

No Foreclosure is allowed in first 9 months

Foreclosure Charges for Top Up

2.25% on the future principal outstanding on existing loan + GST

Foreclosure charges shall be levied only if new rate is lower than existing rate

Foreclosure Charges in CCOD Cases

4.5% on the Dropped down limit amount + GST

No Foreclosure is allowed in first 9 months.

Loan Cancellation Charges

2% of loan amount or ₹ 5750 whichever is higher + GST

Instrument Swap Charges

₹ 550 + GST

Duplicate NOC

₹ 550 + GST

Foreclosure Letter Charge

Soft copy – Nil

Branch walk in - ₹ 199 + GST

Post Dated Cheque Charges

₹ 850 + GST

Business Loan Lending Kart

In India, NBFCs play an important role for providing business loan especially for small and medium enterprises. Business needs huge amount of capital and resources to run the business successfully. For business, plant, machinery, infrastructure and operations requires money to invest and grow. In this scenario, business loan becomes the backbone for running the business and Lendingkart opens the path for business loan to support you to achieve your dream. These loan gives you the competitive edge and opportunity to scale your business to the level you dreamt of.


Features of Lendingkart Business Loan

Customized business loans are being offered by Lendingkart to meet the financial requirements of the small and medium businesses in India. Lendingkart has easily accessible customized loans without investing extra time like bank loans avoiding quick application, approval and disbursal in fastest possible manner. Lendingkart has designed digital interface minimizing human interaction supporting for fast processing.

1. No collateral required

Business loan offered by Lendindkart gives you the freedom to avail the business loan without collateral or security which reduces the risk on your valuable assets.

2. Fair interest rates

By using machine learning tools and big proprietary data to fix the interest rate depending upon case to case. This is the way by which you get the competitive rate available for your biasness.

3. Flexible Repayments

Lendingkart gives you the facility of repaying your business loan in EMI as weekly or monthly. You are allowed to repay your business loan as per sales or invoicing cycle which helps to repay the loan faster.

4. Fast Turnaround Time and Disbursals

Lendingkart five you the facility to avail the business loan within 3 days through our online business loan processing where as banks take 8 to 10 days.

5. Extended Loan Tenure

Our loan tenure STARTS from 01 months to 36 months with for necessary buffer to settle the operational issues if you have any problem in business which can be extended upto more than 06 months.

6. No Hidden Costs

We offers you the business loan with no hidden charges and cost. Lendingkart charges only 1 to 2 % one-time processing charges which helps to use your principal amount to grow your business.

7. Superfast Business Loan Processing

We believe in saving your manual work and time with same day approval through our online processing.

8. Get Business Loans up to ₹ 2 Crore- Our Business loan rage is Rs. 50000 to 02 Crs for SME which meets the eligibility criteria which helps

you the amount required for expansion and growth of your busness.

Benefits of Business Loan by Lendingkart

Lendingkart enbales you to redefine your business strategies to meet the business needs having huge benefits by taking business loan from Lendingkart

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Streamlines your cash flow

Our business loan ensures opportunity for timely cash flow to streamline the business challenges resulting profitability of the business. This loan helps to creates clear bucket for company capital and business fund which can be repaid in agreed instalments.

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Preserving your ownership

Our business loan which is unsecured having no risk at all in terms of losing your valuable assets and in lieu of investment, your valuable company stocks are also secured.So, without losing your ownership, Lendingkart business loan gives you the freedom to grow your business with availed fund

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Improve your credit score

Lendingkart report to all credit bureaus after disbursal which helps you to improve your credit score with Lendingkart because due to some unforeseen market conditions, many companies are witnessing dip in credit score

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Faster processing

To grow fast, fast and timely available fund can accelerate your business with faster processing which allows you to meet credits, explore new available opportunities in your way. Timely funded contribute to speed up the business, market potential resulting margin and profits.

Lendingkart Business Loan Fees & Interest Rates

Customized Interest Rates 1 to 2% per month
Processing Fees 1-2% (One time)
Loan Tenure up to 36 months
Pre-closure Charges Nil**
Eligibility Criteria ₹ 90,000 turnover for 3 Months
Loan Amount ₹ 50,000 – ₹ 2 crore
Installments Flexible Monthly / Bi-weekly

*According to the revenues, health of your business and annual turnover **After the first EMI is paid in full, closures are allowed.

Lendingkart Eligibility Criteria for Business Loan

Lendingkart has held in reserve the eligibility requirements to the simple basics to process business loans more faster. We do not need too numerous papers or needless form-filling /papers which can delay the loan approval process.

Pvt Ltd Company/LLC/One Person Company

  • Business registration proof
  • Proprietor(s) Aadhar Card Copy
  • Bank statement (12 months)
  • Proprietor(s) Aadhar Card Copy
  • Company PAN Card Copy

Partnership

  • Partnership Deed Copy
  • Business registration proof
  • Proprietor(s) Aadhar Card Copy
  • Bank statement (12 months)
  • Proprietor(s) Aadhar Card Copy
  • Company PAN Card Copy

Proprietorship

  • Business registration proof
  • Proprietor(s) Aadhar Card Copy
  • Bank statement (12 months)
  • Proprietor(s) Aadhar Card Copy

We accept any of the following as a Business registration proof

  • Business Registration Certificate
  • GST filing
  • Gumastadhara
  • Trade License
  • Drug License
  • TIN
  • VAT registration

Types of Business Loans

Many persons have the fallacy that only government institutions and banks can provide the business loans. The fact is, there are various type of business funds offered in the marketplace that can be seen as a business loan. It is very significant that a SME enterprise owner identifies about these business loan categories in order to receive cash through appropriate channels for his/her business.
Below are the types of Business Loan for SMEs:


Bank Overdraft / Credit Line:

Bank Overdraft/credit line is available from both banks and online lenders. This permits a rotating credit facility, in which an entrepreneur can use money to an approved limit from their account, despite of being lower account.Lendingkart will charge interest for the used amount that is called business loan.

Equity Funding

Entrepreneurs/companies can also avail loans by divesting their stake in the business in lieu of money invested. Whereas a widespread choice in more progressive or developed markets, equity funding is a fewer choiced selection. In Indian loan market by SMEs, as it escorts the risk of title weakening or losing ownership. When it comes to equity funding, a entrepreneurs/company can reserve the right for buy back of stocks in order to recall to primery ownership stages, once the financial objectives have been met in desired manner.

Short-term Loans

Business loans have a shorter repayment space owing lesser size. Usually, a short-term loan is offered from 3 to 18 months as these loans are meant for working capital finance and limited capital investment. Whereas, Lendingkart gives short-term business loans from 1 to 24 months, enhancing the suitability of credit for small and medium enterprises in India.

Equipment Finance

Equipment financing can be a tool to improve your working capital and cash flow which is supposed to be used in borrowing hard assets or lease for purchasing. Just because of secured loan, rights over the assets will to the lender in case of default.

Loan on Accounts Receivables

We have one of business loan against the account receivable as invoicing financing for short term credit requirements but it has some restrictions in terms of eligibility as given to SMEs with commercial customers. You can avail this by paying processing charges and interest with the principal amount till due date mentioned in the invoice.

Factoring / Advances

Under this procedure the cash is paid in advance by the factor establishment to the corporate for an accounts receivable. However, a ratio of amount, generally 70% to 90% of the invoice value, is paid, instead of paying the full amount. The rest is reserved to shelter unanticipated charges, breaking, quality and delivery errors. For this kind of business loans, both the purchasing and retailing businesses have to work and come onboard with a factoring company.

Trade Creditor

A seller who has providing services and goods to the business, but supposed to be paid, is measured a trade creditor. It is a very common procedure for running day-to-day business actions between suppliers, buyers and service providers with long business associations. The cash due to a business creditor can also be measured as a business loan for very short-term.