Business Loans

Business Loans

3 Days

Quick Business Financing

₹ 50 lakhs

Maximum Loan Amount

2 years

Minimum Business Tenure

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Features
Eligibility & Documents
Interest Rate and Charges
Required Documents
Guidelines
FAQs

Application Process for Quick Business Loans

Easy and quick business loan financing process to apply for any type of business loans for entrepreneurial financing.

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Apply for Business Loan

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6 Reasons Why to Apply for Business Loans

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Discover how you can secure collateral-free business loans with LendingKart, designed to support MSMEs in today’s competitive market.

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  • Flexible Financing: Get the best business loans ranging from ₹1 lakh to ₹50 lakh to suit enterprises of all sizes. Whether your capital need is small or significant, LendingKart provides business loan financing solutions tailored to your business goals.
  • Quick Approvals: Enjoy same-day loan approvals with our fully online application process. Advanced analytics ensure fast and accurate best business loans assessments..
  • Rapid Funding: Once approved, your loan amount is transferred within just 3 days. Securing the best business loans has never been this smooth.
  • No Collateral: Access unsecured business loans without asset risks. Collateral-free business financing lets you focus on business growth..
  • Adaptable Repayment: Repay your loan through easy monthly instalments over 1 to 3 years, ensuring flexible business loan repayment.
  • Competitive Rates: Benefit from attractive business loan interest rates determined through a detailed financial evaluation.
Apply for a Business Loan Online

Business Loan Eligibility Criteria

We have streamlined our process to speed up the best business loans processing, avoiding extensive documentation.

Minimal Requirements

Minimal Requirements for Business Loan: Streamlined to speed up business loan processing, avoiding extensive documentation.

Business Operation

The business should be operational for at least 1 year to qualify for a business loan.

Revenue Criteria

Applicants must have a minimum turnover of ₹75,000 in the three months preceding the business loan application.

Exclusion Criteria

The applicant must not be on the blacklisted/excluded list for business loan financing.

Entity Restrictions

Trusts, NGOs, and charitable institutions are ineligible for business loans.

Verification

Contact for business loan eligibility confirmation if unsure.

Minimal Requirements

Streamlined to speed up loan processing, avoiding extensive documents and paperwork.

Business Operation

The business must be operational for a minimum of 12 months.

Revenue Criteria

Applicants must have a minimum turnover of ₹75,000 in the three months preceding the loan application.

Exclusion Criteria

Cannot be on the blacklisted/excluded list for SBA finance or located in a negatively listed location.

Entity Restrictions

Trusts, NGOs, and charitable institutions are ineligible.

Verification

Contact for eligibility confirmation if unsure about restricted categories or locations.

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Business Loan Interest Rate and Charges

Customsed Interest Rates Fair, Transparent – starting from 17.25% annually
Processing Fees Up to 3% of the sanctioned business loan amount .
Loan Tenure Minimum 2 years for business loans
Pre-closure Charges No pre-closure charges on unsecured business loans
Eligibility Criteria ₹75,000 turnover for business loan eligibility
Loan Amount Upto ₹50 Lakh business loan
Installments Monthly
Penal Charges ₹300/- for each overdue instalment of the loan; and 0.1% per day on the overdue instalment of the loan.

Based on the health of your business, revenues and annual turnover

Pre-closures allowed

Explore Lendingkart’s business loan interest rates as low as 17.25% annually.

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Business Loan Documents

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For All Business Types

  • Bank statement (last 12 months)
  • Business registration proof
  • Company PAN card copy

Specific to Business Type

  • Proprietorship: Proprietor’s PAN and Aadhar card copies. Partnership: Partnership deed copy.
  • Pvt. Ltd./LLP/One Person Company: Specific documentation as required.
  • Registration Proof Options: Business registration certificate, GST filing, Gumastadhara, trade licence, drug licence, TIN, VAT registration.
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Guidelines for Business Financing

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  • Explore all Options: Before applying, consider alternatives like cost reduction, increaseding sales, or using contingency funds to meet capital needs. Always compare funding options to identify the most affordable and suitable source of capital for your business.
  • Plan Loan Usage: Clearly define how you intend to use the loan for critical business tasks to ensure immediate, effective deployment of funds. Idle loan money results in unnecessary interest costs, so it’s essential to have a clear plan for deploying the capital effectively as soon as the loan is disbursed.
  • Renewal Opportunities: If possible, opt for lenders like LendingKart that offer loan renewals upon repayment for continuous project funding. Renewals help maintain liquidity, prevent large repayment burdens, and ensure continuity in business operations or long-term projects.
  • Consult with Experts: Discuss with financial planners and operational heads to strategise growth and ensure the loan benefits your business. Their experience can help you allocate funds wisely, avoid unnecessary costs, and ensure the loan directly contributes to business growth.
  • Avoid Excessive Borrowing: Applying for a high loan amount increases EMI, potentially straining finances during low sales or delayed invoices.
  • Refrain from Impulse Spending: Avoid using loan funds for non-essential tasks like paying off existing debts or unplanned purchases that can deplete working capital.
  • Reconsider Non-Beneficial Loans: If the loan does not contribute to meaningful business growth, reconsider the necessity of borrowing.
  • Careful Planning: Assess the potential financial impact and repayment capability before seeking financing to avoid future financial distress.
  • Purposeful Investment: Ensure every capital investment, including loans, aligns with business growth and operational efficiency strategies.

Frequently Asked Questions

What is a business loan, and how does it work?

A business loan is financial support provided to MSMEs and entrepreneurs to manage operations, expand, or maintain working capital. Once approved, the loan amount is disbursed to your account and repaid with interest through regular EMIs over a set tenure.

Self-employed individuals, MSMEs, startups, and small businesses with at least 12 months of operations and steady income can apply. Eligibility is based on factors like business turnover, cash flow, credit score, and repayment capacity.
You can apply online on the LendingKart website by filling out a quick form and uploading basic KYC, business registration proof, bank statements, and GST filings. The process is entirely digital; no branch visit is required.
With LendingKart’s 100% digital process, loan approvals and disbursals usually happen within 3 working days. Timely document submission and accurate details can further speed up the process
No. All fees, including a processing fee of up to 4%, are communicated upfront. LendingKart follows full transparency in pricing.
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