You will get money to start business in just 72 hours, apply here

You will get money to start business in just 72 hours, apply here

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new Delhi. The youth have taken steps towards entrepreneurship in India. But for this, the most important is the initial capital, which requires collateral ie guarantee to raise from the bank. Many fintechs have come up so that the lack of capital does not become a hindrance to your business. Startup Lendingkart is making similar efforts to make the loan process easier.

This fintech of Gujarat gives collateral free small loans to traders in just 72 hours. These collateral free loans are given for up to 36 months. Startup Lendingkart offers loans up to Rs 2 crore.

Working capital facility for new business
Since inception in 2014, Lendingkart has given loans worth Rs 4,500 crore to about 70 thousand customers. The company offers loans up to Rs 5 lakh for 6 to 36 months, which businesses can use as working capital.

Also read: Start this new age business in 60 thousand, a chance to earn in lakhs every month

Lendingkart’s co-founder Harshvardhan had worked in the Lunia advisory business. But his experience in lending was new then. Lunia said that to make it, we needed a team that could make it. A platform was to be created for the borrowers without seeing and getting loans. Apart from this, such people were also needed who would give us the money to give loans. We are working out solutions to some of these challenges.

Reach in 1300 cities across the country
The startup, which started with Rs 1.10 crore, has so far raised equity of about Rs 1 thousand crore. Lendingkart has made a good hold through its offices in Mumbai, Delhi, NCR, Kolkata and Ahmedabad. Apart from these, the company is providing loans to small traders in about 1,300 cities.

they get loan
Harshvardhan Lunia says that the company gives loans to small businesses such as coaching classes, computer academy, mobile phone seller, cloth merchant, two-wheeler repair shop.

Also read: Leaving the job of a chef, started his business, in 5 years created a company of 26 crores

Tags: business loans, Business news in hindi, business opportunities, New Business Idea, Startup Ideas

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