What is a business loan, and who can apply?

A business loan is financial support provided to MSMEs and entrepreneurs to fund growth and manage operations, repayable with interest over a set period. Eligible applicants include proprietorships, partnerships, LLPs, and private limited companies.

What can I use the business loan for?

You can use the loan for working capital, buying machinery, expanding operations, hiring staff, or other business-related expenses

Do I need to visit a LendingKart branch to apply?

No. LendingKart offers a fully online application process, so you can apply and receive funds without visiting a branch.

How can I apply for a business loan online?

You can apply for a business loan online via LendingKart’s website. Fill out a simple form, upload your documents, and get approval digitally without visiting a branch.

What are the eligibility criteria for a business loan at LendingKart?

To qualify for a LendingKart business loan, applicants should be self-employed individuals, MSMEs, or small businesses with at least 12 months of operations and consistent revenue. The business must be registered in India and demonstrate healthy cash flow and repayment capacity, supported by financial documents and a credit assessment.

What documents are required for a business loan?

You will need your business registration proof, bank statements, GST filings, and basic KYC documents such as ID and address proof.

Can I apply if my credit score is low or if I run a startup business?

Yes. LendingKart evaluates other data points like GST filings, bank statements, and cash flow performance, not just credit scores.

What are the interest rates for business loans at LendingKart?

Interest rates start as low as 13.5% per annum, depending on loan type, amount, and repayment profile.

How much can I borrow with a business loan?

Depending on eligibility and business performance, you can borrow from ₹1 lakh to ₹35 lakh. The exact amount depends on your credit score, cash flow, and repayment history

How long does it take for loan approval and disbursal?

With LendingKart’s fully digital process, loan approval and disbursal typically happen within 3 working days, much faster than traditional banks.

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Frequently Asked Questions

How does repaying on time affect my credit score for LendingKart MSME loans??

Timely repayment strengthens your CIBIL score and improves your chances of future loans.

Can I change the due date of my EMI for a business loan online?

No, the due date of the EMI payment cannot be changed.

What happens if I miss an EMI?

Missing an EMI may attract interest on overdue amounts and affect your credit score.

What are the repayment options available?

Loans can be repaid monthly or bi-weekly, depending on your preference and cash flow.

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