Lendingkart Business Loan Interest Rate Calculator
There are multiple factors on which basis bank calculates your interest rate. Some of these factors are -
- Loan amount: Business loan rate in Lendingkart depends upon the loan
amount you apply for. Higher the loan amount, lesser will be the interest rate. Bank gives
loan of minimum ₹ 50,000 to upto
₹ 1 Cr. Interest rate for high loan amount can be
lower resulting in lower EMIs.
- CIBIL Score: Lendingkart offers loan at higher interest rate if your
CIBIL score is low or vice versa. However, to get loan from Lendingkart, your
CIBIL score should be atleast 700. Higher the CIBIL Score, higher the chances of getting a
loan at lowest business loan interest.
- Revenue: Lendingkart will offer you loan at lower interest rate if you
have higher monthly revenue. Bank gives loan to the borrowers whose annual turnover is at
least ₹ 6,00,000.
- Time in Business: Lendingkart offers loan at lower rates if you have
significant business experience. Minimum business existence to get loan
from Lendingkart is 6 months.
Lendingkart Eligibility Criteria
Bank have a detailed criteria to determine the eligibility of a borrower for business loans. Some of the key criteria are:
||21 to 65 years
|Business Existence (in months)
||₹ 50,000 to
₹ 1 Cr
|Owned House or Place of Work
||750 and above