Business Loan Online
Unique Business variants | Up to ₹ 2 Crore | Tenure up to 36 months
Discover how you can secure a collateral-free business loan in just 5 minutes with Lendingkart, tailored to help your SME thrive in today’s competitive market.
Know 6 Reasons Why To Apply For Business Loan With Lendingkart
- Flexible Financing: Offers loans from ₹50,000 to ₹2 Crore to increase SME approval rates.
- Quick Approvals: Same-day loan approvals with an online application process.
- Rapid Funding: Business loans disbursed within 3 days, faster than traditional bank timelines.
- No Collateral: Access unsecured loans without asset risks.
- Adaptable Repayment: Repayment terms from 1 to 36 months for operational flexibility.
- Competitive Rates: Attractive interest rates based on thorough financial analysis.
Eligibility Criteria for Business Loan
- Minimal Requirements: Streamlined to speed up loan processing, avoiding extensive documents and paperwork.
- Business Operation: Must have been operational for over 6 months.
- Revenue Criteria: Minimum turnover of ₹90,000 in the last 3 months.
- Exclusion Criteria: Cannot be on the blacklisted/excluded list for SBA finance or located in a negatively listed location.
- Entity Restrictions: Trusts, NGOs, and charitable institutions are ineligible.
- Verification: Contact for eligibility confirmation if unsure about restricted categories or locations.
For more detailed information check business loan eligibility criteria
Application Process for Quick Business Loan
Simplified Application: Easy and quick business loan process to apply for any type of small business loan.
Required Documents
- For All Business Types: Bank statement (last 12 months), business registration proof, company PAN card copy.
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Specific to Business Type:
- Proprietorship: Proprietor’s PAN and Aadhar card copies.
- Partnership: Partnership deed copy.
- Pvt. Ltd./LLP/One Person Company: Specific documentation as required.
- Registration Proof Options: Business registration certificate, GST filing, Gumastadhara, trade licence, drug licence, TIN, VAT registration.
Try Lendingkart Business Loan EMI Calculator
- Easy-to-Use Interface: The Lendingkart business loan EMI calculator offers a user-friendly platform for quick calculations.
- Accurate EMI Estimations: Provides precise monthly payment estimates for any business loan amount.
- Customisation: Users can adjust loan amount, tenure, and interest rate for tailored results.
- Instant Results: Delivers immediate calculations to aid in financial planning.
- Financial Planning Tool: Helps businesses assess affordability and plan repayments efficiently.
- Free Access: Available online for free, facilitating easy budgeting for entrepreneurs.
- Supports Decision Making: Aids in comparing different small business loan options and deciding on the best financial strategy.
Business Loan Interest Rate and Charges
| Customized Interest Rates | Fair, Transparent – starting from 1.25% per month |
| Processing Fees | 2-5% |
| Loan Tenure | up to 36 months |
| Pre-closure Charges | Pre-closure charges are applicable as per the lender’s policy |
| Eligibility Criteria | > ₹ 90,000 turn over for 3 Months |
| Loan Amount | ₹ 50,000 – ₹ 2 crore |
| Installments | Flexible Monthly / Bi-weekly |
| Penal Charges | INR 300/- for each overdue installment of Loan; and 0.1% per day on the overdue installment of Loan. |
*Based on the health of your business, revenues and annual turnover
**Pre-closures are only allowed after the first EMI is paid in full
Explore Lendingkart’s business loan interest rates as low as 1.25% per month.
Apply For Online Business Loan in Simple Steps:
Submit application, upload documents, receive approval & funds within 72 hours.*
- Verify business loan eligibility in 2 minutes with basic details.
- Complete application by uploading documents within 24 hours.
- Receive a tailored loan offer after evaluation within 24 hours.
- Send signed loan agreement and KYC documents within 24 hours.
- Funds disbursed to your account post-verification.
- Documents required: PAN Card, Aadhaar Card, Bank Statement, Registration Proof.
- Additional for specific entities: Partnership Deed, Company PAN (for Partnership firms, Pvt. Ltd, or LLC companies).
Do’s of Business Loans
- Explore All Options: Before applying, consider alternatives like cost reduction, increasing sales, or using contingency funds to meet capital needs.
- Plan Loan Usage: Clearly define how you intend to use the loan for critical business tasks, ensuring immediate and effective deployment of funds.
- Renewal Opportunities: If possible, opt for lenders like Lendingkart that offer loan renewals upon repayment for continuous project funding.
- Consult with Experts: Discuss with financial planners and operational heads to strategize growth and ensure the loan benefits your business.
Don’ts of Business Loans
- Avoid Excessive Borrowing: Applying for a high loan amount increases EMI, potentially straining finances during low sales or delayed invoices.
- Refrain from Impulse Spending: Avoid using loan funds for non-essential tasks like paying off existing debts or unplanned purchases that can deplete working capital.
- Reconsider Non-Beneficial Loans: If the loan does not contribute to meaningful business growth, reconsider the necessity of borrowing.
General Advice for Business Loan
- Careful Planning: Assess the potential financial impact and repayment capability before seeking a business loan to avoid future financial distress.
- Purposeful Investment: Ensure every capital investment, including loans, aligns with business growth and operational efficiency strategies.
