Lendingkart Business Loan – Business Loans usually boost up the normal working of a business organization. The scarcity of funds is covered by business loan only. But choosing the best financial institution with the optimum facilities is a difficult task for the borrower. Therefore, no need to wander around here and there because Lendingkart is one of the famous financial institutions that grant business loans even without collateral securities.
Business Loan
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To,TransUnion CIBIL Limited[Formerly known as Credit Information Bureau (India) Limited]One Indiabulls building ,Unit No 1901 – 1905,19th Floor, Tower 2A-2B, Jupiter Mill compound,Senapati Bapat Marg, Lower Parel, Mumbai 400 013
Sub: Grant of Consent
Dear Sirs,
In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Wishfin and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:
- The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.
- I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agreement entered into between the Company and TUCL understood the same; or (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.
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- I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Wishfin authorizing Wishfin to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Wishfin to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Wishfin to obtain my Consumer Credit Information .
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- I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Wishfin . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
- I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.
Yours faithfully,
Name :____________________________Address : ____________________________Date : ____________________________
Lendingkart Business Loan Interest Rates
Types of Business Loan
Bank Overdraft / Credit Line – In Bank overdraft a person can withdraw money from his account which is an 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 in the 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.
Business Loan EMI Calculator
Lendingkart Business Loan Documents Required
- Pan Card of the individual, Company or Partnership Firm.
- Identity Proof- Voter I.D Card, Aadhaar Card, Passport, Driving License. (Only one identity)
- Passport Size Photographs
- Address Proof- Aadhaar Card, Passport, Voter I.D Card, Telephone Bill, Electricity Bill, Driving License. (Only One Proof)
- Last 12 Months Bank Statement.
- 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 Online?
You can easily apply for the business loan on the official website of Wishfin. You can either use the whats app chat in order to get in touch with the company’s representative. The company will suggest you the best offers of business loans provided by Lendingkart. One can also avail collateral-free business loan from Lendingkart.
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 ₹50,000/- to ₹2 Crore.
- It offers a faster loan plan in just 59 minutes.
- It offers an unsecured business loan that doesn’t 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.
To Know More Details:- https://www.lendingkart.com/