FAQs

Frequently Asked Questions

With LendingKart, unsecured loan without collateral comes with adaptable repayment options, allowing you to repay the loan through convenient monthly instalments over a tenure of 1 to 3 years. 

With LendingKart, there are no foreclosure charges on unsecured loans. You can repay the loan early without worrying about additional penalties.

Yes, taking an unsecured loan can impact your credit score. Timely repayments can improve your score, while delays or defaults may negatively affect it and influence future unsecured business loan eligibility.

You can use an unsecured business loan for a wide range of business needs, such as working capital, inventory purchase, marketing, or operational expenses, subject to the lender’s usage guidelines.

Yes, you can get a business loan for new business. Approval depends on business performance indicators and eligibility criteria, not just years of operation.

Documents usually include identity proof, business registration details, bank statements, and income records. These help lenders assess business loan eligibility and process the application efficiently.

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