Business Loans

Business Loans

3 Days

Quick Business Financing

₹ 35 lakhs

Maximum Loan Amount

2 years

Minimum Business Tenure

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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.

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Apply for Business Loan

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6 Reasons Why to Apply for Business Financing

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

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  • Flexible Financing: Get business loans ranging from ₹1 lakh to ₹35 lakhs to suit enterprises of all sizes. Whether your capital need is small or significant, LendingKart provides financing solutions tailored to your business goals.
  • Quick Approvals: Enjoy same-day loan approvals with our fully online application process. By leveraging advanced analytics and big data, our team ensures fast, accurate assessments, making approvals and disbursals quick.
  • Rapid Funding: Once approved, your loan amount is transferred to your account within just 3 days, much faster than traditional bank timelines. No more waiting weeks for disbursal; securing a business loan has never been this smooth.
  • No Collateral: Access unsecured loans without asset risks. With LendingKart’s collateral-free financing, you can focus on growing your business instead of worrying about arranging security.
  • Adaptable Repayment: Repay your loan conveniently through easy monthly instalments over 1 to 3 years. Flexible repayment not only eases financial planning but also promotes healthier borrowing habits.
  • Competitive Rates: Benefit from attractive, market-aligned interest rates determined through a detailed financial evaluation. Our combination of great rates, flexible terms, and zero collateral makes LendingKart a smart borrowing choice.
Apply for a Business Loan Online

Eligibility Criteria for Business financing

Minimal Requirements

Streamlined to speed up loan processing, avoiding extensive documentation 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

The applicant must not 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.

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Business financing Interest Rate and Charges

Customsed Interest Rates Fair, Transparent – starting from 13.5% annually
Processing Fees Up to 3% of the sanctioned amount (Note: The sanctioned amount is equal to the gross loan amount.)
Loan Tenure Minimum 2 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 ₹300/- for each overdue installment of the loan; and 0.1% per day on the overdue installment of the loan.

Based on the health of your business, revenues and annual turnover

Pre-closures allowed

Explore Lendingkart’s business loan interest rates as low as 13.5% annually.
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Required Documents

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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.
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Guidelines for Business Financing

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  • Explore all Options: Before applying, consider alternatives like cost reduction, increaseding sales, or using contingency funds to meet capital needs. Always compare funding options to identify the most affordable and suitable source of capital for your business.
  • Plan Loan Usage: Clearly define how you intend to use the loan for critical business tasks to ensure immediate, effective deployment of funds. Idle loan money results in unnecessary interest costs, so it’s essential to have a clear plan for deploying the capital effectively as soon as the loan is disbursed.
  • Renewal Opportunities: If possible, opt for lenders like LendingKart that offer loan renewals upon repayment for continuous project funding. Renewals help maintain liquidity, prevent large repayment burdens, and ensure continuity in business operations or long-term projects.
  • Consult with Experts: Discuss with financial planners and operational heads to strategise growth and ensure the loan benefits your business. Their experience can help you allocate funds wisely, avoid unnecessary costs, and ensure the loan directly contributes to business growth.
  • 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.
  • Careful Planning: Assess the potential financial impact and repayment capability before seeking financing to avoid future financial distress.
  • Purposeful Investment: Ensure every capital investment, including loans, aligns with business growth and operational efficiency strategies.

Frequently Asked Questions

What is a business loan, and how does it work?

A business loan is financial support provided to MSMEs and entrepreneurs to manage operations, expand, or maintain working capital. Once approved, the loan amount is disbursed to your account and repaid with interest through regular EMIs over a set tenure.

Self-employed individuals, MSMEs, startups, and small businesses with at least 12 months of operations and steady income can apply. Eligibility is based on factors like business turnover, cash flow, credit score, and repayment capacity.
You can apply online on the LendingKart website by filling out a quick form and uploading basic KYC, business registration proof, bank statements, and GST filings. The process is entirely digital; no branch visit is required.
With LendingKart’s 100% digital process, loan approvals and disbursals usually happen within 3 working days. Timely document submission and accurate details can further speed up the process
No. All fees, including a processing fee of up to 4%, are communicated upfront. LendingKart follows full transparency in pricing.
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