In India, Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the country’s economic growth, generating employment and contributing significantly to the GDP. However, accessing credit has often been a significant challenge for such enterprises, especially for startups and small-scale businesses. This is where responsible lending plays a transformative role. At LendingKart, responsible lending […]
The financial landscape in India has evolved to make lending and borrowing simpler than ever. Whether it is a personal loan or corporate loan, there are robust options available. Amongst others, a retail loan has gained wide popularity due to easy access and competitive interest rates. Retail loans stand as a key player in
The financing model you choose for your business plays a major role in your enterprise’s growth and sustainability. Opting for the wrong kind of loan for your entity can derail your growth and may even exert financial stress. With so many business loan types available in India, choosing a model that is right for
The recent surge in Udyam registration of micro, small and medium enterprises (MSMEs) is leading to an increase in the demand for collateral-free loans in India. If you are a small business owner in India, Udyam registration can provide easier access to credit. Registering under the Udyam registration scheme legitimises your business and makes
Small businesses often find it challenging to secure financing for running the day-to-day operations and managing cash flows. Although microfinance loans are one of the many ways through which businesses can bridge the gaps in their finances, many may find even that to be a difficult endeavour due to not being able to meet
The funding environment in India has evolved so much that individuals and entrepreneurs can now get access to funds quickly and seamlessly. While traditional NBFC loans and bank loans are still popular among borrowers, a new alternative option is emerging in the form of peer-to-peer lending (P2P). Peer-to-peer lending for borrowers offers plenty of
Gone are the days when you had to approach banking institutions and NBFCs for loans and credit facilities. With the introduction of technology in finance, the landscape has evolved rapidly. One of the most disruptive innovations in recent times in this area has been P2P lending. Of late, P2P loans have been gaining popularity
It is rare to walk in an Indian neighbourhood and not find a kirana shop that caters to the entire resident community. Often overlooked in usual discussions of the vast Indian economy, these small businesses play a vital role, providing essential goods and encouraging local commerce. However, running a kirana store presents various challenges,
Loans are a valuable source of financial support for individuals looking to fill funding gaps in their businesses and grow their ventures. While securing a business loan is quite simple today, self-employed individuals still face several challenges when it comes to obtaining a business loan for the self-employed. From freelancers and independent contractors looking
How Business Loan EMI Bounce Affects the Creditworthiness of Businesses
When an MSME business owner borrows funds for day-to-day business operations or expansion, they are expected to repay the amount in monthly installments spread over the agreed-upon loan tenure. However, sometimes MSMEs may miss EMI payments due to insufficient balance in their accounts. When an EMI bounce occurs, it brings some serious repercussions for
The large and diverse hotel industry in India has witnessed a significant shift in consumer preferences. Today, travellers seek immersive experiences, personalised services, and distinctive stays. Post the challenges posed by the global pandemic, the hospitality sector is undergoing a transformation, adapting to new norms and heightened hygiene standards. As the industry revives, the
