We are the authorized DSA of LendingKart, We provide various type of loans depends on eligibility.

Role of a DSA

The Direct Selling Agent (DSA) source unsecured loan applications and further facilitates processing and Loan disbursals. Various tasks of DSA include but not limited to:

Ø Generation of leads for unsecured loan applications from various sources

Ø Fill in the loan application form on behalf of loan applicants either through website of www.lendingkart.com or through the mobile application of Lendingkart or through the company designated website/ portal.

Ø Obtain necessary documents for the loan processing and deliver it to the assigned Relationship Manager of the company either by him/her/it or through any other person authorized by DSA (in case of non-Individuals) on its behalf for further processing.

Ø The role of DSAs is limited to the sourcing of proposal & document fulfilment.

Ø KYC verification, pre-sanction survey, appraisal, field verification, disbursement and Post sanction reporting will be done by the company staff only.

Ø The sanction of the loan will be at the sole discretion of the Company & on such terms & conditions that the Company may stipulate.

Business Loan

Securing a business loan is a strategic move to ensure the smooth operation and expansion of your business. Lendingkart facilitates this process by offering loans ranging from Rs. 50,000 to Rs. 2 Crore, catering to various business needs such as upgrading equipment, expanding operations, or bolstering working capital. The business loan eligibility documents, criteria and required documentation for availing business loans at Lendingkart are streamlined to make the application process as seamless as possible, ensuring fast access to financing to keep your business thriving.

Eligibility Criteria And Documents Required for Business Loan

Eligibility Criteria:

Ø For Private Limited or Limited Companies: Net annual income of more than Rs. 1.5 lakhs for loans up to Rs. 15 Lakhs; over Rs. 3 Lakhs for loans beyond.

Ø For Self-Employed Professionals: Must possess relevant qualifications. Proof required for doctors, engineers, chartered accountants, and management consultants.

Ø For Proprietorship or Limited Liability Partnerships: Profit and loss statements are necessary to meet minimum criteria.

Ø General Criteria: Applicants must be aged between 21 and 65, with the business showing cash profits for the past two years. An audited balance sheet by a registered chartered accountant is mandatory.

Business Loan Documents Required:

Here is a curated list of business loan documents list which is required to avail of business loan as they are mandatory as per the business loan criteria –

Ø Photo ID proof and passport-sized photographs.

Ø Aadhaar card, Voter ID, or Passport.

Ø Bank statements from the past 6 months.

Ø Trade license, sales tax certificate, and ownership documents.

Ø Income tax returns and profit and loss statements for the past 2 years.

Ø Balance sheets from previous years.

Benefits of Applying for a Business Loan from us:

Ø Experience rapid processing within 72 hours, eliminating long waits for loan eligibility and management.

Ø Enjoy competitive business loan interest rates starting at 1.25% per month for loans up to Rs. 30,00,000.

Ø Benefit from flexible payment options tailored to your business needs.

Ø Skip the hassle of providing collateral, as no personal or business assets are required.

Ø Streamline the process effortlessly online with minimal documentation.

How is Business Loan Eligibility Calculated?

Ø Cash Flow Analysis: Lenders evaluate your business’s cash flow to determine repayment capacity.

Ø Credit Score Assessment: A good credit score enhances eligibility by demonstrating creditworthiness.

Ø Business Performance: Profitability and stability of the business over the past two years are critical.

Ø Age and Qualification: Age of the applicant and professional qualifications play a role in eligibility.

Ø Financial Documents Review: Thorough assessment of financial documents including balance sheets and income statements.

Low Interest Rates & Charges for Business Loans in 2024

We provides SME-business loans throughout India. It provides a flexible rate of interest and a document free process.

Business Loan Interest Rate in India 2024:

Rate of interest	Starting from 1.25% per month
Tenure of the loan	Maximum up to 36 months
Collateral	NA
Amount of loan	Rs. 50,000 to 2 Crore
Pre-Closure fees	Pre-closure charges are applicable as per the lender’s policy
Processing charges	2 to 5% of the loan amount
Time to sanction a loan	Within 3 working days
Eligibility	>90000 turnover for a quarter

*based on your business’s health and credit score

**Pre-closures are only allowed after the first EMI has been paid in full

MSME Loan / SME Loan – Apply For MSME Business Loan

An Micro Small Medium Enterprise loan, also known as a SME loan, is a type of credit facility given to micro, small, and medium-sized businesses by banks, small finance banks, and non-bank financing companies like Lendingkart. Financial institutions offer these loans, which can be secured or unsecured, to individuals, single proprietorships, and partnership corporations, as well as businesses, to cover a range of expenses. These loans are also available to startups. These loans can be used for a variety of things, such as purchasing inventory, investing in plant and machinery, and paying employees or supplier.

Benefits and Features of SME/MSME Loan

SME/MSME loans serve as financial catalysts, providing businesses with the agility to swiftly transit from strategic planning to execution. These loans empower businesses to leverage emerging market opportunities, control their operations, and manage capital effectively. By bolstering financial health, loans also aid in elevating market credibility, which can enhance credit ratings and unlock new vistas for investment. Features of MSME/SME Loans by us:

Quick Finance for Businesses: Offers speedy online approval for MSME and SME business loans, ideal for the fast-paced business world.
Flexible Loan Amounts: Loan amounts range from ₹50,000 to ₹35 lakhs, catering to a wide spectrum of business needs.
Online Application: Streamlines the process with online applications and document submissions for same-day loan approvals.
Rapid Disbursal: Guarantees loan disbursal within 3 days post-document verification, eliminating wait times.
No Collateral Required: Loans are unsecured, removing the need for asset security and making it easier for businesses to apply.
Competitive Interest Rates: Utilises financial data analytics to offer the best interest rates, tailored to your business’s repayment capability.
Flexible Repayment: Offers loan tenures from 1 to 36 months with options for monthly or bi-weekly EMIs, aligning with your cash flow.
Transparent Costs: Charges an upfront processing fee of 2-5% with no hidden fees, ensuring maximum loan value.
Zero Prepayment Fees: Allows early loan settlement post the first EMI without any extra charges.

MSME/SME Loan EMI Calculator:

An MSME loan EMI calculator simplifies the task of determining your monthly outlay towards loan repayment, aiding in financial planning.

Business Loans For Women

The recent evolution in business finance and the emergence of FinTech platforms has made it easier for women entrepreneurs to get business loans. Today, business loans for women are also enabling self-employment in rural and urban India.

Women Loan EMI Calculator

Women Loan EMI calculators are simple and user-friendly tools designed to help you calculate the Equated Monthly Instalments (EMI) for your working capital loan. These calculators require three primary inputs: the loan amount (principal), the interest rate, and the tenure of the loan in years or months. The formula generally used is: EMI = [P x R x (1+R)^N]/[(1+R)^(N-1)], where P is the principal amount, R is the monthly interest rate, and N is the number of monthly installments. Using such calculators, you can quickly determine the monthly payments towards the loans for women’s to start business, which helps in planning your finances effectively.

Business Loan For Women Features and Benefits

Business loans for women in India offer various features and benefits designed to foster entrepreneurship and economic empowerment among women. Here are some key aspects of business loans for women

Loan Amounts	Ranges from ₹10 lakh to ₹1 crore under initiatives like Stand-Up India to support new women entrepreneurs. Wider loan brackets can help women entrepreneurs leverage these schemes to get access to funding for various purposes like starting, operating, and expansion activities of their businesses.
Concessional Interest Rates	Programs like Dena Shakti Scheme offer reduced interest rates, e.g., 0.25% concession on standard rates. These concessions can be of great relief to budding women entrepreneurs.
Collateral-Free Loans	Schemes like Synd Mahila Shakti and Orient Mahila Vikas Yojana do not require collateral or security. It helps the women entrepreneurs have access to debt funding without the requirement of collateral to promote entrepreneurship.
Repayment Flexibility	Orient Mahila Vikas Yojana offers up to 7 years repayment period, accommodating entrepreneurial needs
Support for Diverse Business Types	Available for various sectors such as manufacturing, agriculture, retail, etc.
Capacity Building and Skill Development	Some schemes provide training and skill development alongside financial assistance

Eligibility Criteria for Business Loans for Women Entrepreneurs

Eligibility criteria for business loans for women entrepreneurs in India vary depending on the specific loan scheme. However, here are some common eligibility requirements across various schemes to avail sme loan and mudra loan

Age Criteria	Women entrepreneurs typically aged between 18 and 65 years are eligible for most schemes.
Business Ownership	The applicant should own a significant share (at least 51%) of the business, especially in partnerships or corporations.
Type of Business	Eligible businesses are generally in manufacturing, services, or trading activities. Specific schemes may target micro, small, or medium enterprises.
Business Duration	The business should have been operational for a minimum period (usually 1-3 years) and actively income-generating.
Documentation	Proper registration under relevant acts (e.g., MSMED Act for MSMEs) and submission of identity, address, business registration, and financial documents are required.
Special Conditions	Some schemes (e.g., Stand Up India) support new enterprises, particularly in underserved sectors, as a first venture in manufacturing or services.

These criteria ensure that the financial support reaches the intended recipients and fosters genuine entrepreneurial efforts among women.

Documents Required For Business Loans For Women Entrepreneurs

For women entrepreneurs seeking quick business loans in India, the commonly required documents include:

Identity Proof	Aadhaar card, PAN card, Voter ID, Driving Licence
Address Proof	Utility bills (electricity, water), Government address documents
Business Proof	Business registration certificates, Licenses
Financial Documents	Recent bank statements, Income Tax Returns (ITRs), Profit and Loss statements, Balance sheets
Business Plan	Detailed plan outlining business nature, investment, revenue projections, operational details
Photographs	Recent passport-size photographs of the applicant

Business Loans For Women: Fee and Interest Rates

The fees and interest rates for business loans for women can vary based on the lender and the specific loan scheme. Government schemes like the Mudra Yojana offer concessional interest rates to promote women entrepreneurship. Typically, these rates are lower than standard business loan rates to support and encourage women-owned businesses.

Customized Interest Rates	Fair, Transparent – starting from 1.25% per month
Processing Fees	2-5%
Loan Tenure	up to 3 years
Pre-closure Charges	Pre-closure charges are applicable as per the lender’s policy
Eligibility Criteria	₹ 90,000 turn over for 3 Months
Loan Amount	₹ 50,000 – ₹ 2 crore
Installments	Flexible Monthly / Bi-weekly

*Based on the health of your business, revenues and annual turnover **Pre-closures are only allowed after the first EMI is paid in fully paid.

*Terms & Conditions reserve by LendingKart.

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