In India, Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the country’s economic growth, generating employment and contributing significantly to the GDP. However, accessing credit has often been a significant challenge for such enterprises, especially for startups and small-scale businesses. This is where responsible lending plays a transformative role. At LendingKart, responsible lending […]
As India’s financial and business centre, Mumbai has always had a thriving startup ecosystem. Over the years, it has only become more vibrant and competitive. The city proudly hosts a dense network of ventures in fintech, e-commerce, media and manufacturing. While this dynamic environment may offer immense growth opportunities for entrepreneurs, it also throws
Introduction Thinking of starting a small business? Or, do you already have one but want to scale it up to the next level? If you answered yes to either of these questions, a small business loan may be just what you need. Funding is crucial for a small business for many reasons. It gives
Non-banking financial companies (NBFCs) are increasingly popular alternatives to traditional banks for businesses seeking funding. Compared to banks, NBFC business loans often offer greater flexibility and faster approvals. Many NBFCs are willing to customise loan agreement terms based on the needs of a business. This can be particularly helpful for small businesses and new
As a business owner, you might have taken a loan from a bank or a non-banking financial company (NBFC) to expand your operations or meet working capital requirements. In that case, managing your loan repayment schedule is important. If you are managing your equated monthly instalment (EMI) schedules manually, there is a high chance
Small businesses often face financial uncertainties and may need quick access to funds to address them. An overdraft facility can be a useful ally in such situations. It acts as a financial cushion that allows you to withdraw more money than your current account balance. Let’s further explore the overdraft facility, understand its features,
In India, borrowers can choose different financing options to suit their funding requirements. From unsecured personal loans to secured gold loans and home loans – borrowers can meet specific finance deficits with different types of loans. While unsecured loans are sanctioned with asset pledging, secured loans come with a collateral requirement. For secured loans,
