Lendingkart Business Loan Interest Rates

With a Lendingkart Business Loan, you can access the funds needed to grow your business at competitive interest rates starting from 19.20% per annum. The specific interest rate offered depends on various factors, including your credit profile, financial history, and market conditions. Understanding these factors can help you prepare effectively and make an informed borrowing decision.

Here are the interest rates and other details for a Lendingkart Business Loan:

Disclaimer: The mentioned rates and charges are subject to change at the discretion of the lender.

Here are the fees and charges applicable for a Lendingkart Business Loan:

An EMI calculator is a free-to-use online tool that helps you estimate your monthly instalment, total interest payable, and overall loan amount. These details can assist you in planning your repayment before you even apply for the loan. It is important to organise your finances accordingly and remain within your budget for effective repayment.

Suppose you were to apply for a Lendingkart Business Loan of ₹35 Lakhs at an interest rate of 19.20% per annum for a tenure of 36 months. Here is a complete breakdown of your EMI for different tenures:

Several factors influence the Lendingkart BL interest rates. Being aware of these factors can help you prepare and potentially secure a more competitive rate. 

Key factors include:

• Loan Amount

Applying for a larger loan amount may lead to higher interest rates as it increases the lender’s risk. It’s advisable to borrow only what you need and ensure the repayment aligns with your financial capacity.

• Credit Score

Your credit score plays a crucial role in determining the interest rate. A higher score reflects financial reliability, making you eligible for lower rates. Conversely, a lower score might result in higher rates due to increased risk.

• Repayment Tenure

Shorter tenures generally result in lower interest rates, as they reduce the lender’s risk exposure. However, shorter tenures also mean higher EMIs. It’s essential to choose a tenure that balances affordability with the total loan cost.

• Credit History

A history of timely repayments for loans and credit card dues demonstrates your creditworthiness. A strong repayment record can positively influence the interest rate offered to you.

• Business Revenue and Profitability

Consistent revenue and stable financial performance are critical factors. Businesses with a strong turnover and profitability often secure more favourable terms.

Follow these simple steps to apply for a Lendingkart Business Loan online through this page:

1. Click on the ‘Check Eligibility’ button provided on this page

2. Fill in your personal and income-related details accurately

3. Select ‘Lendingkart’ from the list of available lenders

4. Enter your desired loan amount and repayment tenure

5. Review all the information you’ve provided and submit your application

After submission, your application will go through a verification process. Once verified, the lender will contact you to guide you through the next steps.