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Lendingkart Business Loan
LENDINGKART Finance Limited (formerly Aadri Infin Limited) is a non-deposit-taking NBFC in India that provides SME lending.Powered By
Lendingkart Business Loan
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Here are a few factors
| Location | PAN India |
| CIBIL Score | 600+ |
| Processing | Online |
| Business Vintage | 7 Month |
| Minimum Turnover | 12 Lac |
| Loan Amount & Tenure | 1
Lac -30 Lac (12 Month to 36 month) |
| Loan Product | Term Loan |
| Rate of Interest & Type | 21% to 40% (Reducing) |
| TAT | Sanction-1
Days Disbursement-7 Days |
| Processing Fees | 2% |
| Foreclosure Charges | 4% |
| Applicant Type | Individual, Proprietorship Concern, Partnership Firm/LLP/Company/School/Hospital |
| Whether Co-Applicant Mandatory | Yes, if applicant age < 21 or >60 year |
| Proprietor Age/Co-Applicant Age | 18 Year- 60 Year |
| Part Payment Allowed | No |
| Whether Ownership Proof Required | No, Both rented application accepted |
| Business Registration Proof Mandatory | If Current Account then No proof required, if Saving account then registration proof mandatory |
| Program | Banking Program-30 Lac, Normal Income-1 Cr |
| Product for Professionals | No |
| Negative Profile | Advocate, Liquor Business, Coal Industry, Restaurant, Travelling, Real Estate |
| USP | Funding on Low business Vintage, Funding to -1 CIBIL, |
| Additional | 1. Udham Registration can be used as Registration proof provided it's 1 year old |
Documents Required for Lendingkart Business Loan
Let’s look into the eligibilities and required Documentation to make your application process even smoother:
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Note : Lendingkart Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
Some Important Points
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
About Lendingkart Business Loan
LENDINGKART Finance Limited (formerly Aadri Infin Limited) is a non-deposit-taking NBFC in India that provides SME lending. The Company wants to make small business lending accessible to everyone. LENDINGKART Finance Limited, unlike banks and other non-banking financial firms, does not evaluate a client's old records (past financial statements and income tax returns) to determine credit risk. The NBFC, on the other hand, follows up on a client's current year's cash flows and business expansion.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
Let us take an example, How EMI is being calculated
| Year | Principal (A) |
Interest (B) |
Total Payment (A + B) |
Balance | Loan Paid To Date |
|---|---|---|---|---|---|
| 2022 | ₹ 37,853 | ₹ 41,667 | ₹ 79,520 | ₹ 19,62,147 | 1.89% |
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| Dec | ₹ 37,853 | ₹ 41,667 | ₹ 79,520 | ₹ 19,62,147 | 1.89% |
| 2023 | ₹ 5,20,700 | ₹ 4,33,536 | ₹ 9,54,236 | ₹ 14,41,447 | 27.93% |
| Jan | ₹ 38,642 | ₹ 40,878 | ₹ 79,520 | ₹ 19,23,505 | 3.82% |
| Feb | ₹ 39,447 | ₹ 40,073 | ₹ 79,520 | ₹ 18,84,059 | 5.80% |
| Mar | ₹ 40,268 | ₹ 39,251 | ₹ 79,520 | ₹ 18,43,790 | 7.81% |
| Apr | ₹ 41,107 | ₹ 38,412 | ₹ 79,520 | ₹ 18,02,683 | 9.87% |
| May | ₹ 41,964 | ₹ 37,556 | ₹ 79,520 | ₹ 17,60,719 | 11.96% |
| Jun | ₹ 42,838 | ₹ 36,682 | ₹ 79,520 | ₹ 17,17,881 | 14.11% |
| Jul | ₹ 43,730 | ₹ 35,789 | ₹ 79,520 | ₹ 16,74,151 | 16.29% |
| Aug | ₹ 44,642 | ₹ 34,878 | ₹ 79,520 | ₹ 16,29,509 | 18.52% |
| Sep | ₹ 45,572 | ₹ 33,948 | ₹ 79,520 | ₹ 15,83,938 | 20.80% |
| Oct | ₹ 46,521 | ₹ 32,999 | ₹ 79,520 | ₹ 15,37,417 | 23.13% |
| Nov | ₹ 47,490 | ₹ 32,030 | ₹ 79,520 | ₹ 14,89,927 | 25.50% |
| Dec | ₹ 48,480 | ₹ 31,040 | ₹ 79,520 | ₹ 14,41,447 | 27.93% |
| 2024 | ₹ 6,66,877 | ₹ 2,87,359 | ₹ 9,54,236 | ₹ 7,74,570 | 61.27% |
| Jan | ₹ 49,490 | ₹ 30,030 | ₹ 79,520 | ₹ 13,91,958 | 30.40% |
| Feb | ₹ 50,521 | ₹ 28,999 | ₹ 79,520 | ₹ 13,41,437 | 32.93% |
| Mar | ₹ 51,573 | ₹ 27,947 | ₹ 79,520 | ₹ 12,89,864 | 35.51% |
| Apr | ₹ 52,647 | ₹ 26,872 | ₹ 79,520 | ₹ 12,37,217 | 38.14% |
| May | ₹ 53,744 | ₹ 25,775 | ₹ 79,520 | ₹ 11,83,472 | 40.83% |
| Jun | ₹ 54,864 | ₹ 24,656 | ₹ 79,520 | ₹ 11,28,608 | 43.57% |
| Jul | ₹ 56,007 | ₹ 23,513 | ₹ 79,520 | ₹ 10,72,601 | 46.37% |
| Aug | ₹ 57,174 | ₹ 22,346 | ₹ 79,520 | ₹ 10,15,428 | 49.23% |
| Sep | ₹ 58,365 | ₹ 21,155 | ₹ 79,520 | ₹ 9,57,063 | 52.15% |
| Oct | ₹ 59,581 | ₹ 19,939 | ₹ 79,520 | ₹ 8,97,482 | 55.13% |
| Nov | ₹ 60,822 | ₹ 18,698 | ₹ 79,520 | ₹ 8,36,660 | 58.17% |
| Dec | ₹ 62,089 | ₹ 17,430 | ₹ 79,520 | ₹ 7,74,570 | 61.27% |
| 2025 | ₹ 7,74,570 | ₹ 1,00,146 | ₹ 8,74,716 | ₹ 0 | 100.00% |
| Jan | ₹ 63,383 | ₹ 16,137 | ₹ 79,520 | ₹ 7,11,188 | 64.44% |
| Feb | ₹ 64,703 | ₹ 14,816 | ₹ 79,520 | ₹ 6,46,484 | 67.68% |
| Mar | ₹ 66,051 | ₹ 13,468 | ₹ 79,520 | ₹ 5,80,433 | 70.98% |
| Apr | ₹ 67,427 | ₹ 12,092 | ₹ 79,520 | ₹ 5,13,006 | 74.35% |
| May | ₹ 68,832 | ₹ 10,688 | ₹ 79,520 | ₹ 4,44,174 | 77.79% |
| Jun | ₹ 70,266 | ₹ 9,254 | ₹ 79,520 | ₹ 3,73,908 | 81.30% |
| Jul | ₹ 71,730 | ₹ 7,790 | ₹ 79,520 | ₹ 3,02,178 | 84.89% |
| Aug | ₹ 73,224 | ₹ 6,295 | ₹ 79,520 | ₹ 2,28,954 | 88.55% |
| Sep | ₹ 74,750 | ₹ 4,770 | ₹ 79,520 | ₹ 1,54,204 | 92.29% |
| Oct | ₹ 76,307 | ₹ 3,213 | ₹ 79,520 | ₹ 77,897 | 96.11% |
| Nov | ₹ 77,897 | ₹ 1,623 | ₹ 79,520 | ₹ 0 | 100.00% |
FREQUENTLY ASKED QUESTIONS
An MSME loan is available to business owners who are between 24 and 60 years old and who have a vintage greater than 6 months. They must have filed Income Tax Returns for their company for one year or more.
A bank is a government-authorised financial intermediary that provides banking services to the general public and an NBFC is a company that provides banking services to people without holding a bank licence.
Lendingkart offers business loans from Rs.1 lakh to Rs. 1 crore.
There are no hidden charges. Our Group NBFC levies upto 4% of the sanctioned amount as processing fees.
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