FAQs

Frequently Asked Questions

Yes, we have a very fast loan-lending process with three steps. Application submission, Approval and Disbursal. This process takes a maximum up to three days while banks may take 8-10 working days.
On the other hand, we have very reasonable and lower interest rates. Also, we don’t require any collateral or property for security. It makes our loans unsecured and less risky for you.
We do not take any additional penalty for a loan foreclosure and there are no hidden payments and charges with our business loans.

There are no specific academic qualifications required to become a Lendingkart Business Partner. Any individual or business entity with a good network and a basic understanding of business loans can join the program.

If you have the ability to connect with MSMEs, understand their financial needs, and guide them through the loan process, you are eligible to become a Lendingkart Business Partner by completing the due diligence process. Prior experience in financial services, sales, or MSME engagement can be an added advantage but is not mandatory

You can take a business loan to fund business investments and projects, helping your business grow faster and complete stagnant projects immediately.

Lendingkart’s Business Partner Program offers an opportunity for individuals and organizations to collaborate with us in helping MSMEs access business loans. By connecting potential borrowers to Lendingkart, partners such as Direct Selling Agent (DSA) or Channel Partner play an important role in simplifying the loan journey while earning fees for successful disbursals.

You can cancel your NACH mandate by filling out the NACH cancellation application form and submitting it to your destination bank or the service provider through whom the mandate was registered.

Yes, a processing fee may be charged for NACH cancellation. The exact amount varies from bank to bank, so it’s best to check with your designated bank for the applicable charges.

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