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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.
  • 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 Tenureup 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.

ITR File AY-2024-25 ₹ 499/- only

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