Seeking business loans without a collateral can be problematic for small and medium business owners. But these loans are essential for businesses to get meet their working capital needs and finance expansion of business facilities/activities. However, most traditional institutions of finance either shy away from providing these loans or place very stringent conditions and high interest rates when agreeing to risk free financing options. Also, the turnaround time – the time taken to approve a loan – is very high due to various checks employed by the lending institution.

To help out SMEs in meeting their business requirements and remain competitive in the market, Lendingkart finance offers risk free small business loans. Your loans are processed quickly and require only the bare minimum documentation. Once the verification is complete, Lendingkart takes just 3 days to disburse the loan amount.

LENDINGKART IS A FINTECH FIRM APPROVED BY THE INDIAN GOVERNMENT AND RBI.” LENDINGKART FINANCE, A PART OF LENDINGKART, IS REGISTERED WITH RBI AND LENDINGKART ITSELF IS A REGISTERED COMPANY IN INDIA. RAISE SHORT TERM FINANCE FOR YOUR BUSINESS.

The positives of taking a loan from fintech lenders is the range of customisations you get. Where traditional banks only provide a few products for small ticket finance, fintech firms provide flexible EMI and interest rates. Not only that, you can get loans up to 1 crore for a period ranging between a month to a year.

The loan application process has also been simplified to the extent that you only need to fill in an online form for applying. For most loan approvals you are required to submit only two or three documents in digital format (PDF, JPEG, etc).

Lendingkart knows the urgency of your financial requirements as an SME, and therefore all loans are disbursed on an expedited schedule. You can also check out Lendingkart’s other loan offerings for small and medium enterprises by visiting their website here.

In Conclusion

If you are a small business owner looking for quick finance, applying for an NBFC loan can significantly reduce the time you spend for application and approval. Fintech firms are also more customer centric and can give you easy restructuring options for your loans in case you are having a bad month or two.

Tweet