Business Loans

Business Loans

5 minutes

Business Financing

₹ 35 lakhs

or under Business loans

3 years

or below of Tenure

Apply Now
Features
Eligibility & Documents
Interest Rate and Charges
Required Documents
Guidelines
FAQs

Application Process for Quick Business Loans

Easy and quick business financing process to apply for any type of small entrepreneurial financing.

Apply for Business Loan

6 Reasons Why To Apply For Business Financing

Discover how you can secure a collateral-free business financing in just 5 minutes with Lendingkart, tailored to help your SME thrive in today’s competitive market.

  • Flexible Financing: Offers loans from ₹1 Lakh to ₹35 Lakhs to increase SME approval rates. Irrespective of your capital requirement being big or small, lendingKart offers a lending solution geared towards your business finance needs!
  • Quick Approvals: Same-day financing approvals with an online application process. We at LendingKart are a highly efficient team, our team’s talent coupled with leveraging big data for data collection and assessment, we are able to make lightning quick approvals and disbursals!
  • Rapid Funding: Business financing disbursed within 3 days, faster than traditional bank timelines. Once your loan is approved, all it takes is a mere 3 days for the financing to reach your bank account by an online transfer. Gone are the days with wait times of several days and weeks just to get a disbursal! Getting a new business loan has never been quicker!
  • No Collateral: Access unsecured loans without asset risks.We understand that it can be difficult to arrange a collateral for securing a financing, hence LendingKart offers collateral-free financing, so you don’t have to worry about arranging for a security before opting for a loan!
  • Adaptable Repayment: You can repay your loan amount in easy monthly installments between 1 to 3 years. Flexible repayment allows our borrowers to repay loans easily and it also helps bring down the default rate on loans. It’s a win-win situation for both the borrower and the lender!
  • Competitive Rates: Attractive interest rates based on thorough financial analysis. LendingKart offers one of the best interest rates available in the market, our unparalleled rates coupled with flexible repayment plan and no collateral requirement makes borrowing from LendingKart a no-brainer!
Apply for Business Loan Online

Eligibility Criteria for Business financing

Minimal Requirements

Streamlined to speed up loan processing, avoiding extensive documents and paperwork.

Business Operation

The business must be operational for a minimum of 12 months.

Revenue Criteria

Applicants must have a minimum turnover of ₹75,000 in the three months preceding the loan application.

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.

Minimal Requirements

Streamlined to speed up loan processing, avoiding extensive documents and paperwork.

Business Operation

The business must be operational for a minimum of 12 months.

Revenue Criteria

Applicants must have a minimum turnover of ₹75,000 in the three months preceding the loan application.

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 online business loan eligibility criteria

Business financing Interest Rate and Charges

Customized Interest Rates Fair, Transparent – starting from 13.5% annually
Processing Fees Up to 4% of the sanctioned amount (Note: The sanctioned amount is equal to the gross loan amount.)
Loan Tenure 1–3 years
Pre-closure Charges No Pre-closure charges on Unsecured Business loan
Eligibility Criteria > ₹75,000 turnover in the three months preceding the loan application.
Loan Amount ₹1,00,000 – ₹35,00,000
Installments Monthly
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 13.5% annually.

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.

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.

Guidelines for Business financing

  • Explore All Options: Before applying, consider alternatives like cost reduction, increasing sales, or using contingency funds to meet capital needs.  It’s always crucial to explore all the options before opting for debt funding. Furthermore, comparing options to find out the cheapest funding source just makes sense.
  • Plan Loan Usage: Clearly define how you intend to use the loan for critical business tasks, ensuring immediate and effective deployment of funds. Debt funds sitting idle in the account and not being used efficiently is a form of loss for the business, because you’d be ultimately paying interest on those funds, hence it is imperative to have a plan in place on how you’re going to utilize the funds effectively once the loan is secured.
  • Renewal Opportunities: If possible, opt for lenders like Lendingkart that offer loan renewals upon repayment for continuous project funding. Loan renewals put the borrower at ease, you can carry forward the remaining amount by renewing the debt term to ensure that you do not have a big obligation in the near future and are able to repay off the financing as per your convenience.
  • Consult with Experts: Discuss with financial planners and operational heads to strategize growth and ensure the loan benefits your business. These subject matter experts have unparalleled experience in efficiently managing finances. Getting an opinion would be a smart move as they might have a better understanding and idea on how to efficiently utilize the money while effectively minimizing the cost implication on the business.: Before applying, consider alternatives like cost reduction, increasing sales, or using contingency funds to meet capital needs.  It’s always crucial to explore all the options before opting for debt funding. Furthermore, comparing options to find out the cheapest funding source just makes sense.
  • Plan Loan Usage: Clearly define how you intend to use the loan for critical business tasks, ensuring immediate and effective deployment of funds. Debt funds sitting idle in the account and not being used efficiently is a form of loss for the business, because you’d be ultimately paying interest on those funds, hence it is imperative to have a plan in place on how you’re going to utilize the funds effectively once the loan is secured.
  • Renewal Opportunities: If possible, opt for lenders like Lendingkart that offer loan renewals upon repayment for continuous project funding. Loan renewals put the borrower at ease, you can carry forward the remaining amount by renewing the debt term to ensure that you do not have a big obligation in the near future and are able to repay off the financing as per your convenience.
  • Consult with Experts: Discuss with financial planners and operational heads to strategize growth and ensure the loan benefits your business. These subject matter experts have unparalleled experience in efficiently managing finances. Getting an opinion would be a smart move as they might have a better understanding and idea on how to efficiently utilize the money while effectively minimizing the cost implication on the business.

Frequently Asked Questions

What is a business loan?

A business loan is money borrowed from a lender to fund business needs, like expansion, equipment purchase, or working capital, repayable with interest over a set period.

Raise a Request