FAQs

Frequently Asked Questions

If a NACH payment fails, you may be notified to make the payment manually, and late charges may apply.

Yes, bank details can be updated by submitting a new NACH mandate through our support team.

We notify you via SMS or email once your NACH payment setup is successfully completed.

In case of a duplicate NACH payment, contact us immediately, and we will assist with resolution or refund.

You can easily monitor EMIs, repayment schedules, and statements through our online dashboard, making business loan repayment management seamless.

Yes, delays in business loan repayment may attract penal charges. At LendingKart, this includes a penalty of ₹300 per overdue instalment along with 0.1% per day on the overdue EMI, as clearly outlined in the loan agreement shared with you.

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