The EMI is calculated using the formula:
E = P × r × (1 + r)n / ((1 + r)n – 1)
Where, ‘E’ is the EMI, ‘P’ represents the loan amount availed, ‘r’ represents the monthly interest rate, and ‘n’ is the duration of the loan.
The EMI is calculated using the formula:
E = P × r × (1 + r)n / ((1 + r)n – 1)
Where, ‘E’ is the EMI, ‘P’ represents the loan amount availed, ‘r’ represents the monthly interest rate, and ‘n’ is the duration of the loan.
Lendingkart offers unsecured business loans of up to ₹35 lakhs, based on your business eligibility and credit assessment.
To be eligible for a business loan, your business must have been operational for atleast 12 months within the MSME sector.
You can check the status of your loan application by logging in to your Lendingkart account. The latest update on your application will be displayed on your dashboard, along with any next steps or notifications.
You can help speed up your loan approval by ensuring that all your details and documents are accurate, complete, and up to date. Providing correct business and financial information allows Lendingkart to process your application faster and more smoothly.
No, you don’t need to visit any branch or office. Lendingkart offers loans through the digital medium. The entire loan application and approval process, including document submission and verification, is completely online ensuring a fast and hassle-free experience.
You can apply on our website using the below link <https://www.lendingkart.com/application/?from=loginScreen>;
If you are an Android user, you can download our mobile application “”Lendingkart Business Loan App””