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Lendingkart Business Loan

Lendingkart Business Loan – You started your new business 6 month ago and you need funds to expand the business so here is the best option to take fund from lendingkart. It provide unsecured with collateral free loan. It has created a fast and efficient digital interface. You can apply this loan with minimum documents and hassle free process. They provide funds to annual turnover of Rs. 3 Lacs and more.

Business Loan

Quotes from 18 banks | Instant Approval | Maximum Loan Eligibility

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    Lendingkart Business Loan Interest Rates

    Particulars Details
    Rate of Interest 1-2% per Month
    Loan AmountRs. 50,000 - Rs. 2 Crore
    Processing Fee1-2% (One Time)
    Tenure6 Month - 36 Months

    Types of Business Loan

    Bank Overdraft / Credit Line – In Bank overdraft a person can withdraw money from its account which is approved limit, even if the actual account balance is zero.
    Equity Funding – Equity financing is the process of raising capital through the sale of shares.
    Short Term Loans – A short-term loan is a type of loan obtained is support of a need for temporary personal or business capital. This loan is meant for the small business holders to set up the business.
    Equipment Finance – Equipment financing loans can easily help you buy or upgrade equipment for your business to get more and more output.
    Trade Creditor – A trade creditor is a supplier who has shipped your business good, or supplied you with services that you have not yet paid.

    Lendingkart Business Loan Eligibility

    • The borrower minimum age is 21 years and maximum age is 65 years at the time of loan maturity.
    • An established business that has been in operation for over 6 month.
    • Business minimum turnover of Rs.90000/- or more in the first 3 month before your loan application.
    • Business should not fall under the blacklist or excluded list for SBA finance.
    • Trusts, NGOs and charitable institutions are not eligible for small business loan.
    • Business Vintage should be 6 months and more, it should be registered.
    • Only Proprietorship, Partnership Pvt Ltd, LLC, One person company can apply.
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    Business Loan EMI Calculator

    Loan AmountInterest RateLoan Tenure Monthly EMITotal Amount with Interest Total Interest Amount
    10,00,00024.00%12 Months94,56011,34,7151,34,715
    10,00,00024.00%24 Months52,87112,68,9062,68,906
    10,00,00024.00%36 Months39,23314,12,3834,12,383

    Lendingkart Business Loan Documents Required

    KYC Documents

    • Pan Card.
    • Passport Size Photograph.
    • Identity Proof.
    • Address Proof.

    Financial Documents

    • Company Pan Card
    • Last 12 month statement till latest date for all accounts / OD accounts.
    • Business Continuity Proof – Business Certificate, GST Filling, Gumastadhara, Trade License. TIN, VAT Registration, Sale Tax Challans.
    • Mandatory documents for sole prop declaration or certified copy of partnership deed. Certified true copy of Memorandum & Article of Association.

    How to Apply Business Loan

    Application Form – The application form required your personal details, business details.
    Upload Documents – You have to upload your digital copies of all the documents which they required.
    Approval – Get instant soft business loan approval and get disburse in 3 working days.

    Business Loan Features

    • To get a loan, your Cibil Score must be 600 or more than 600+.
    • Lendingkart duly gives you a loan of at least Rs. 50,000/- to Rs.2 Crore.
    • It offers faster loan plan in just 59 minutes.
    • It offers unsecured business loan which don’t not require any kind of asset or security.
    • A minimum of 6 month and maximum of 36 months of loan tenure.
    • Only charge one time processing fee of 1-2% based on the loan amount.
    • If you get higher approval loan amount there is higher possibility of lesser interest.
    • The business loans can be repaid in monthly or weekly EMIs.

    Free CIBIL Score
    Personal Loan Interest Rates September 2019
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    Fullerton India14.00% - 33.00%
    HDFC Bank11.25% - 21.45%
    ICICI Bank10.99% - 18.40%
    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL13.00% - 18.00%
    Standard Chartered Bank11.50% - 18.00%
    Tata Capital10.99% - 18.00%
    Home Loan Interest Rates September 2019
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    HDFC8.35% - 8.95%
    LIC Housing8.60% - 9.15%
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    Tata Capital9.20% - 9.35%
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    Citibank9.00% - 9.85%
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    Kotak Bank8.90% - 8.75%
    DHFL9.05% - 9.95%
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