About this scheme
Lendingkart is an RBI-registered NBFC that lends working capital + invoice financing to MSMEs using GST + bank statement analytics. Fast turnaround, no collateral, higher interest than banks but faster.
What you get
- Loan amount: Rs. 50,000 to Rs. 2 Cr
- No collateral; no third-party guarantee
- Disbursal in 72 hours typical
- Interest rate 15-27% per annum (higher than banks)
- 12-36 month tenure
- Online-first with field verification for large amounts
Who qualifies
Indian MSMEs with at least 12 months of GST filing, annual turnover Rs. 12 lakh+, business vintage 6 months+. All sectors. Bank statement health is the key approval factor.
All industries qualify (no NIC restriction).
Business types
ProprietorshipsPartnershipsPrivate LimitedLLPsOne Person Companies
Available across India (central scheme).
How to apply
- 1Apply online at lendingkart.com
- 2Auto-pull GST + bank statement (with consent)
- 3Algorithmic credit decision within 24 hours
- 4KYC + e-sign loan agreement
- 5Disbursement to bank account in 72 hours
- 6Repayment via NACH auto-debit
Key terms and conditions
- Interest is higher than banks (NBFC pricing)
- No foreclosure penalty after 6 months
- Daily/weekly EMI options
- Multiple top-ups possible
What disqualifies you
- CIBIL below 700 + GST defaults: rejected
- Sectors banks avoid (gambling, etc.): rejected
- Bank statement shorter than 6 months: rejected
Documents typically required
- GST returns (12 months)
- Bank statement (6 months)
- PAN
- Aadhaar
The content above is compiled from public information published by the scheme authority. Eligibility, benefits, and procedures are subject to change. Confirm details directly with the official portal before applying. BharatSeal does not process scheme applications.