Lendingkart Finance Limited (formerly Aadri Infin Limited), is a non-deposit-taking NBFC, providing SME lending in India. The Company aims to transform small business lending by making it convenient for SMEs to access credit easily. The Company uses technology and analytics tools, analyzing thousands of data points from various data sources to assess the creditworthiness of small businesses rapidly and accurately.
Lendingkart has launched New Product – ” Financial UnderWriting Program”. Please go through the attached file for a better understanding. Feel free to contact your RM for any clarification.
- GST Registration & last 2 yr complete financials along with GST Returns Mandatory for all cases
- Maximum approval up to 100 Lacs
- 36 Months Vintage Required
- Latest 12 months Banking required
- Location eligible for – Ahmedabad, Bengaluru, Chennai, Delhi, Kolkata, Mumbai, Pune, Surat, Hyderabad, Coimbatore/Tirupur, Bhubneshwar, Vishakhapattanam. Delhi to be considered as NCR.
Target Segments
1) MSME units having valid GST registration Proof.
2) Exclusion: Negative entities as per existing LK [Lendingkart] policy
· Individual
· Registration proof other than GST
· Trust
· HUF
· NGO / Charitable institutes
· AOP/BOI
· PEP/ restricted profile/industry.
Exposure
• Maximum INR 60 Lacs
• Group exposure not to exceed INR 50 Lacs under the program
Group defined as entities having common promoters/partners, spouse/parents of promoters will be considered as group concern under the program
Age/Vintage and Guarantors
• Age of the proprietor /All Partners/All Directors > 25 year
• Firm Vintage- Min 36 months with 2 year ITR filed
• Minimum vintage of the Firm/promoters in same line of activity should be 36 months.
• Following person in application to be taken as co-borrower:
· All partners – in case of LLP/Partnership firm
· All directors along with major 51% shareholders– in case of Pvt ltd/Ltd companies
· Proprietor, Business is managed by someone other than the proprietor or an additional person(s) is involved
· Joint holder: Where the signatory of the joint account is classified as both
Documents Required for Loan Apply
| Category of Firm | Proprietorship | Partnership | Pvt. Ltd. / LLC / One Person Company |
| Bank statement (12 months) PDF Format | Required | Required | Required |
| Business registration proof | Required | Required | Required |
| Proprietor(s) PAN Card Copy | Required | Required | Required |
| Proprietor(s) Aadhar Card Copy | Required | Required | Required |
| Partnership Deed Copy | Not required | Required | Not required |
| Company PAN Card Copy | Not required | Not required | Required |
Location
Below locations allowed for sourcing
Ahmedabad, Bengaluru, Chennai, Delhi, Kolkata, Mumbai, Pune, Surat, Hyderabad, Coimbatore/Tirupur, Bhubneshwar, Vishakhapattanam. Delhi to be considered as NCR
Documents required :
▪ 2 Years Financial Statement: Applicant must be having the last 2 years Financial statement with all required
schedules. Here, Financial statements include P&L A/c, Balance Sheet and Cash Flow Statement (wherever
required)
▪ Audited by PCA: Last 2 years financial statements should be audited by a Practicing Chartered Accountant and
all pages of financial statements including tax audit reports should be signed and stamped by the same auditor.
▪ Tax Audit Report: Applicant must be having last 2 years Tax Audit Report u/s 44 AB of the Income Tax Act. Full
Tax Audit Report under Form 3CA, 3CB, and 3CD required.
▪ UDIN Compulsory: UDIN No is compulsory for signed financial statements of the last 2 years.
▪ Profit & Loss Account: The applicant should be cash profit-making as per the last 2 years audited financial
statements.
▪ Balance Sheet: The applicant’s net worth should positive as per the last 2 years audited financial statements.
▪ GST Registration & GST Filing: The applicant must have an active GST certificate. Last 12 Months GSTR 3B/CMP
08 required. The applicant must have filed GSTR 3B/CMP08 without any delay.
▪ ITR should have a positive net worth and PAT
Banking
• Latest 6 months banking from the main business or CC/OD account. Bank statement to be in Net banking PDF
format or, Bankers mail sent directly to Lendingkart email ID
• Inward cheque returns due to IF < 5 in 3 months and < 12 in 6 months • ECS / Loan EMI returns (non-technical) should be <2 in 6 months • For CC/OD – no overutilization in last 6 months • no interest payment delay > 7 days in last 3 months
Purpose of loan Loan will be sanctioned for business purpose only.
Eligibility Criteria
Turnover > 50 lacs per annum
-DSCR- >1
Credit policy criteria
• 2 Year ITR including CA certified copy of computation of income, audit report, P & L, and balance sheet (along
with schedules)
• Minimum turnover should be 50 L.
• Should have Positive net worth
• Should have positive PAT in current year ITR
• Any statutory overdue or adverse comments in the auditor’s report may lead to rejection of loan application.
• GST Returns of last 12 month (fetch from Karza also) – Delays in filing in last 6 months will be excluded
• Invoices or any other data including additional banking can be asked basis credit discretion and PD
• Both rented is accepted – with permanent address proof
- CIBIL SCORE >=700
- Live unsecured loan 12 months history
Other bureau criteria/ parameters as per existing LK policy
if you Need Required Send Inquiry now.