Digital banking is fast becoming the new normal in India. While there is still a lengthy road ahead for total digital integration of the financial sector, at least the ground work is moving apace with latest technologies such as credit cards, net banking, e-wallets and now UPI as well.
Digital banking is also helping businesses manage their finances in a more transparent and accountable manner. Business managers can now assign daily, weekly and monthly working capital to their executives and keep track of the expenditure in real-time through mobile app based ecosystems. Online banking is facilitating on-the-go money transfer for businesses, giving a veritable boost to their operational agility and saving many man-hours worth of productivity.
Going digital also means that all your financials can be verified through online processes, making it easier to get business loan approvals. For example; e-statements of accounts are now accepted by most financial institutions. Non-banking finance companies such as Lendingkart Finance offer online business loans by evaluating your digital bank statements, keeping the whole process of application to approval of a business loan online.
You can also renew your loan upon repayment by simply clicking on the renewal link in your Lendingkart account. You will receive the pre-approved amount without any paperwork or processing fees when you avail this facility. Here are the steps which will help your business in going digital and enable faster loan approvals for you.
Lendingkart also has its own Android business loan app. You can simply download it on your smartphone and apply for a loan within minutes. The app also lets you keep track of your loan’s repayment and EMI due dates.
So, digitise your business today and avail all the benefits that come with it. To know more about Lendingkart interest rates and business loans, click here.
You might also like these
How to Check and Improve CIBIL Credit Score for Business Loan?
How to Check and Improve CIBIL Score/Credit Score for Business Loan? Banks and other financial institutions rely heavily on the CIBIL Transunion Score of a person to judge his/her creditworthiness, based on which the credit is disbursed to the borrower. The score typically ranges between 300 to a higher limit of 900. A score that …
Khadi and Village Industries Commission (KVIC)
Overview: KVIC is a statutory body formed by the Government of India under the KVIC Act of 1956 that aims to nurse employment and economic uplift in rural India. The term Khadi goes back to the Swadeshi Movement launched by Mahatma Gandhi in 1920 by propagating the use of hand-woven and home-spun fabrics. It was …
CIBIL Score for Business Loan – Check Minimum Credit Score
Minimum CIBIL Score for Business Loan Businesses require huge amounts of money. Risk-taking entrepreneurs stake their lives and careers on the line to start companies. These businesses and the job opportunities they introduce to the economy are part of the economic lifecycle. Loans fuel such businesses and good loans with attractive interest rates enable people …