Business Loans In Jaipur Rajasthan

Jaipur is a bustling city as well as a world-famous tourist place. The city has a large population of artisans, craftsmen and other small industrial units that make items for the tourists that frequent the place. Apart from the tourists-centric small-scale industry there are other small to medium size manufacturing units that do not generally qualify for bank loans. Most of the time this is because of the paperwork involved and the collateral that is required by banks.

This is where we step in.

We provide hassle-free, business loans for working capital, business loans for MSME (Micro, Small and Medium Enterprises), SME (Small and Medium Enterprises), loans for start-ups as well as business loans for women entrepreneurs.

Working Capital Loan

A working capital helps you to pay your running costs like wages, rent, power charges and other recurring costs. These loans help you offset your expenses during lean sales/revenue periods.

Business Loan

We provide loans to businesses for the purchase of machinery and equipment. Customized loans are also available for specific needs of a business. This may be for the expansion of the business, for start-ups and other purposes.

How to Get a Loan Online

Getting a business loan online from us is as easy as A-B-C-D. Follow the instructions and get ready to receive your loan.

  1. Check if you are eligible for the loan.
  2. Fill out the online loan application form if you are eligible
  3. We will evaluate your application and propose a loan amount
  4. If all is in order, you can expect the loan within the next three working day.

All this will happen in the comfort of your home or office and without making endless trips to the banks for getting your loan sanctioned. The sanction of loans is quick with the minimum documents and no collateral is required.

Apply for Business Loan Now

Easy Repayment Terms Makes Our Loans Attractive

Our terms and conditions are designed to be helpful for the smaller players in the industry. Our loans are sanctioned within three days and the repayment period can be from one month and up to three years. Repayments can be made in small amounts on a bi-weekly or monthly basis so there is no pressure on your cash flow. We do charge a two percent administrative cost and of course there are no hidden costs that will take you by surprise.

Document Requirements for Loans

The following documents are required for loans

 

Document name

Proprietorship

Partnership

Pvt/LCC

Bank statement 12 months

Yes

Yes

Yes

Business registration

Yes

Yes

Yes

PAN card (Prop)

Yes

Yes

Yes

Aadhar card copy

Yes

Yes

Yes

Partnership deed

–

Yes

–

Company PAN card

–

–

Yes

 

Business Loan Interest Rates In Jaipur

Lendingkart provides competitive business loan interest rates in Jaipur; its interest starts from 1.25 % per month. And you can get business loans from us for a maximum of 36 months. These interest rates are for unsecured loans; that means you don’t have to provide collateral. 

We calculate the interest rates using our own proprietary method, which uses advanced analytics for evaluating your loan application. This interest calculation is highly accurate and fast, allowing a faster loan approval. Our analytics considers the following parameters while calculating the business loan interest rate: 

  • Loan amount is the primary factor that contributes to your Lendingkart loans. The higher it is, the higher will be your interest rate. 
  • CIBIL score and the interest rate are inversely proportional; the higher your CIBIL score, the lesser will be your business loan interest rate.
  • Balance sheet is also a factor for our calculations; higher earnings may lower your credit score because it increases your credibility. 
  • Business age is also directly proportional to the business loan; if you have been running your business for a long time, you can get a significantly lower interest rate. 

To get an estimate of EMIs, you can use our business loan EMI calculator; this will tell you the likely instalments for any interest rate and tenure.

Apply for Loan Now

Business Loan in Jaipur, Rajasthan FAQs::

1. Are NBFCs regulated by the Reserve Bank of India?

All NBFCs are regulated by RBI and are governed by the Reserve Bank of India Act 1934 Chapter III-B and subsequent amendments to the Act.

2. What do you mean by Non-Banking Financial Institution?

A Non-Banking Financial Company offers financial services but does not offer your regular banking services since they do not hold banking licences. Moreover, they cannot accept deposits from the public, of insurance companies, brokerage firms and other companies offering microloans.

3. What is the difference between an NBFC and a Bank?

The major difference between a bank and an NBFC is that the NBFC does not have banking facilities like the issue of cheque books, credit facility, demand draft etc. Also, it cannot buy/sell foreign currency or accept any deposits from the public.

4. What is the maximum and minimum loan amount?

Rs. 50,000 is the minimum loan amount and Rs. 2 Crores is the maximum amount.

5. Is my Personal Information Safe?

We have a robust data protection that keeps your personal information. We do not share this information with anyone.

6. What is Pre-evaluation?

You can pre-evaluate yourself by answering a few questions on our website. If you do qualify for a loan you can avail of it at a later date. You can apply for the loans directly without the eligibility test. Your loan will be disbursed within 24 hours.

7. What types of businesses in Jaipur can apply for a business loan?

No businesses are prohibited from applying for a business loan; even small business loan in Jaipur is also available. Following is the list of businesses eligible for applying for a business loan in Jaipur:
  • Sole proprietorships
  • Partnerships
  • Limited liability partnerships (LLPs)
  • Private limited companies (PVT LTD)
  • Public limited companies (PLC)
  • Micro, small, and medium enterprises (MSMEs)
  • Startups
  • Self-employed individuals
  • Women entrepreneurs

8. How long does it take to process and approve a business loan in Jaipur?

The business approval process can take varying amounts of time depending on your age and the type of business. Moreover, your credit score and the size of the business also come into the factor. Lenders may take a long time to verify your details if you are a first-time borrower.

9. Can I get a business loan in Jaipur if I have a low credit score?

You can get a business loan in Jaipur if your credit score is low, but it would take longer. You may also need to provide collateral or get a recommendation from an existing customer of the lender.

Business Loan Apply Online

About Lendingkart:

LENDINGKART Finance Ltd is an RBI registered Non-Banking Finance Company (NBFC). The company is registered under the Companies Act 1956 and is in the business of financing business providing advances, buying shares/stocks/bonds/debentures and securities or other saleable securities etc

We partner you in your business endeavours and help to lay a strong foundation and to help it grow. For more information call us on 1-800-572-0202