A lot of dream start-ups last only few months due to non-availability of funds. The entrepreneur’s dream that could have transformed a business idea into reality dies without even taking off. There is overwhelming chorus around India becoming a start-up hub but in reality it is still a mammoth task to find investors for start-ups. Even funds required by small businesses for expansion meets a halt due to complex loan process in India.
The continuous efforts of some of the credit and loan evaluation platforms are providing a ray of hope for businesses to not give up on their dream.
LendingKart is such a platform which provides easy access to loans up to 1 Cr. The best thing about this online loan platform is that it is a 100% online application process and credit evaluation is done in just four hours.
Currently, it has presence in 14 cities including Delhi, Chennai, Jaipur, Noida, Pune and Puducherry. The company is committed to make credit eligibility a simple process with the help of technology – making loan disbursement in three days at fair interest rates.
Recently, LendingKart has tied up with Paytm to offer loans to Small and Medium Enterprises (SME) through mobile payment wallets. The company has recently announced that soon the services will be available in tier-2 cities and semi-urban areas.