Lendingkart – Platform for short-term loan - Fusion - WeRIndia

Lendingkart – A platform to get short-term loans

Lendingkart – A platform to get short-term loans

Lendingkart Technologies Private Limited is a financial as well as a technology startup. It was started in 2014. The founders of Lendingkart are Harshvardhan Lunia and Mukul Sachan. It is an online platform and acts as a bridge between borrowers and lenders.

The main motive of the company is to enable working capital availability to business people especially to the small and medium –sized enterprises (SMEs) and to fill the gaps in their cash flows so that they can concentrate on their business.

The company’s technology solutions that were developed on large data analysis help the lenders to assess the worth of borrower so they can provide it based on it. Various data points from different sources help the lenders analyze the capability of the small and medium-sized enterprises.

Lendingkart claims that it is very easy to get loan for SMEs through their platform. The company states application process is completely online and thus it is very simple to apply for a loan. Other benefits of using their platform is that only minimum documentation like bank statements and VAT returns are needed to process the loan. The company has some Non-Banking Financial Companies (NBFCs) which do not ask for collateral or net worth details from the borrowers. Moreover, loan money will be disbursed within 3 days at a reasonable interest rate.


Normally banks focus on the past history of the borrower to assess the credit risk. But, Lendingkart mainly concentrates on the cash flows of the present year. It also checks the business growth. The minimum amount one can borrow from the platform is Rs.50,000 and the maximum amount is Rs.1 crore. The loans can be repaid within a period of one month to one year.

At present, Lendingkart’s is operating in Ahmedabad, Bangalore and Mumbai. Yet, their services are offered to SMEs throughout the country.


One Response to Lendingkart – A platform to get short-term loans

  1. Avatar loktongbam phantom singh says:

    Sadly need

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