Indian fintech providing working capital loans to small businesses.
Lendingkart is genuinely fast for a business loan and the eligibility check based on my turnover was fair. But I found the repayment schedule confusing and had to call twice to understand the foreclosure charges. Torn between recommending it for the speed and warning people to read every line.
Quick turnaround
Confusing repayment terms
Got a small loan for inventory through Lendingkart and the approval was painless. However, after disbursal the support went quiet and I had trouble getting a clear statement of remaining principal. It does the job for an SME, but I wouldn't call it a long-term banking relationship.
Lendingkart has a RevWala Trust Score of 54/100 (Average), based on 5 customer reviews with an average rating of 3.6 out of 5. Reviews are mixed — read recent ones before deciding.
Lendingkart is rated 3.6 out of 5 stars from 5 reviews on RevWala, with a "Average" Trust Score.
Lendingkart has 5 reviews on RevWala, including 3 verified reviews.
Applied for working capital to bridge a supplier payment and Lendingkart came through quickly with a fair amount based on my business cashflow. Only gripe is the processing fee wasn't as prominent as it should have been during the application. Otherwise a solid lifeline for small businesses.
Fair limit based on cashflow
Fee disclosure could be clearer
As a small kirana wholesaler I was turned down by two banks, but Lendingkart looked at my GST and bank statements and approved a working capital loan the same week. The whole thing was online, no running around with files, and the EMI auto-debit has been smooth for six months now. Genuinely helped me restock before the festival season.
Minimal documentation, fully digital
Easy approval
Patchy post-loan support
Lendingkart did get my working capital loan approved in under three days, which saved my packaging order. That said, the effective interest rate worked out higher than what I expected from the initial quote, and the processing fee ate into the amount I actually received. Useful in a pinch for a small business, but not cheap.
Fast disbursal for SMEs
Higher effective rate than quoted
