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Lendingkart Loan, Lendingkart Finance, Lendingkart Foreclosure & Lendingkart Customer Care Complete Guide
Lendingkart is one of India’s leading digital lending platforms that provides fast and unsecured business loans
to small and medium enterprises. Lendingkart Finance Limited operates as an RBI registered NBFC and focuses on
technology-driven credit evaluation systems that allow businesses to access funding quickly without traditional
collateral requirements. If you are searching for verified and structured information related to Lendingkart
loan, Lendingkart finance services, Lendingkart foreclosure process, or Lendingkart customer care assistance,
this comprehensive homepage guide is designed to provide detailed, transparent, and updated information for
borrowers.
A Lendingkart loan is generally chosen by business owners who require working capital, inventory purchase
funding, expansion capital, operational liquidity, or short-term financial assistance. Over time, many borrowers
also look for Lendingkart foreclosure options to close their active loan account before the completion of the
agreed tenure. Foreclosure helps reduce long-term interest burden and allows the borrower to become debt-free
earlier than scheduled. For assistance related to outstanding balance confirmation, foreclosure charges
clarification, EMI details, or loan closure process, borrowers may contact Lendingkart customer care at
09288680148.
Understanding Lendingkart Finance Limited
Lendingkart Finance Limited operates with the objective of empowering small businesses through accessible credit
solutions. Traditional lending institutions often require extensive documentation, collateral security, and
lengthy approval timelines. Lendingkart finance simplifies this process by using digital verification systems,
alternative credit scoring models, and business performance analysis tools to determine eligibility. This
digital-first approach makes Lendingkart loan products faster and more accessible compared to conventional
lending models.
The loan approval process usually includes online application submission, KYC verification, business
documentation review, risk assessment, agreement signing, and fund disbursement. The repayment schedule is
structured through fixed EMIs that include principal and interest components. All terms including interest rate,
tenure, processing fees, and foreclosure policy are documented in the loan agreement provided to the borrower.
What is a Lendingkart Loan?
A Lendingkart loan is an unsecured business financing solution offered to eligible enterprises without requiring
collateral. The approved loan amount depends on various factors such as business turnover, repayment capacity,
credit history, existing liabilities, and financial stability. Lendingkart finance solutions are structured to
provide flexibility in repayment tenure, allowing businesses to manage cash flow efficiently.
Borrowers repay the Lendingkart loan through monthly EMIs. Each EMI consists of principal repayment and interest
charges. Over the tenure, the interest component reduces gradually while the principal component increases. If a
borrower experiences improved revenue flow or receives external funding, they may consider Lendingkart
foreclosure to close the loan early instead of continuing EMI payments for the full tenure.
What is Lendingkart Foreclosure?
Lendingkart foreclosure refers to the process of repaying the entire outstanding loan amount before the original
repayment tenure ends. Instead of paying remaining EMIs month by month, the borrower clears the total
outstanding principal along with accrued interest and applicable foreclosure charges in one lump sum payment.
Once the payment is processed successfully, the loan account is marked as closed and the borrower receives a No
Objection Certificate and Loan Closure Letter.
It is important to understand that Lendingkart foreclosure is different from loan settlement. In foreclosure,
the account is regular and closed after full payment of dues. In settlement, a negotiated reduced amount may be
paid due to financial hardship, and the account status may reflect as settled, which can negatively affect the
borrower’s credit score. Therefore, whenever financially possible, borrowers prefer foreclosure over settlement.
Lendingkart Foreclosure Charges Explained
When a borrower opts for Lendingkart foreclosure, certain charges may apply. These charges typically range
between 2% to 5% of the outstanding principal amount plus applicable GST. The exact foreclosure penalty depends
on the terms mentioned in the loan agreement signed during loan disbursal. These charges compensate the lender
for the loss of expected interest income due to early repayment.
Before proceeding with foreclosure, borrowers must request an official foreclosure statement that clearly
outlines principal outstanding, interest payable, foreclosure charges, GST, and final total amount due. For
accurate calculation and assistance, borrowers may contact Lendingkart customer care at 09288680148 and verify
official figures before making any payment.
Why Borrowers Choose Lendingkart Foreclosure
There are several financial reasons why borrowers opt for Lendingkart foreclosure. The most common reason is
reduction of interest burden. By closing the loan early, borrowers can save the interest amount that would have
been paid over remaining EMIs. Another reason is improvement of credit profile. Early loan closure demonstrates
responsible credit behavior and reduces outstanding liabilities reflected in credit reports.
Business expansion is another factor. Entrepreneurs who secure funding from another lender at a lower interest
rate may choose to foreclose their existing Lendingkart loan. Some borrowers prefer becoming debt-free to
simplify financial planning and improve liquidity management. In each case, careful calculation of foreclosure
charges versus interest savings is essential.
Complete Lendingkart Foreclosure Procedure
The Lendingkart foreclosure procedure generally follows a structured process. First, the borrower contacts
customer support and requests a foreclosure statement. Second, the borrower receives the official statement
mentioning total payable amount. Third, necessary identification verification and documentation may be required.
Fourth, the borrower makes payment through approved banking channels such as NEFT, IMPS, or RTGS. Finally, after
payment confirmation, the lender issues a No Dues Certificate and Loan Closure Letter.
Borrowers must ensure that EMI auto-debit instructions are cancelled after foreclosure and confirm that the loan
account is officially marked as closed. Keeping digital and physical copies of closure documents is recommended
for future reference.
Lendingkart Customer Care – 09288680148
For queries related to Lendingkart loan repayment, EMI calculation, foreclosure charges, settlement
clarification, outstanding balance confirmation, documentation requirements, or loan closure status, borrowers
may contact Lendingkart customer care at 09288680148. Before making any payment, always request written
confirmation of payable amount and ensure that funds are transferred to official accounts only.
Lendingkart Loan Interest Rate Structure and Repayment Planning
Understanding the interest rate structure of a Lendingkart loan is essential before applying or opting for
Lendingkart foreclosure. Interest rates depend on business profile, turnover, repayment capacity, credit
history, and risk assessment. The EMI structure is designed so that each monthly installment includes both
principal and interest components. During initial months, interest component is higher, while principal
repayment gradually increases over time.
When borrowers plan Lendingkart foreclosure, they must compare total remaining interest payable versus
foreclosure charges. If the interest savings exceed the foreclosure penalty, early closure becomes financially
beneficial. For precise calculation of outstanding dues and foreclosure amount, borrowers can contact
Lendingkart customer care at 09288680148.
Lendingkart Loan Settlement vs Lendingkart Foreclosure – Detailed Comparison
Many borrowers confuse Lendingkart loan settlement with Lendingkart foreclosure. Settlement usually occurs when
a borrower is unable to continue EMI payments due to financial stress. In such cases, the lender may negotiate a
reduced one-time payment. However, settlement may negatively impact CIBIL score because the account is marked as
settled instead of closed.
In contrast, Lendingkart foreclosure applies when the borrower clears the full outstanding dues including
principal, interest and charges. The account status reflects as closed, which maintains or improves credit
history. Therefore, borrowers who can afford to pay the complete outstanding amount should prefer foreclosure
over settlement.
Impact of Lendingkart Foreclosure on Credit Score
Foreclosing a Lendingkart loan can positively impact your credit profile if the loan was regular and all dues
are cleared properly. Early repayment reduces outstanding liabilities and demonstrates responsible financial
management. Credit bureaus update the account status once the lender reports closure confirmation.
However, borrowers must ensure that No Objection Certificate and closure confirmation are obtained after
payment. If the credit report does not reflect updated status within reasonable time, borrowers may raise a
dispute with the lender. For support related to documentation or reporting clarification, borrowers may contact
09288680148.
Documents Required for Lendingkart Foreclosure
To initiate Lendingkart foreclosure, borrowers may need loan account number, registered mobile number
verification, identity proof such as PAN or Aadhaar, and a written foreclosure request. Some cases may require
last EMI payment proof or bank statement confirmation. After payment completion, closure documents must be
collected and preserved.
Common Mistakes to Avoid During Lendingkart Loan Closure
Borrowers should avoid making payment without receiving official foreclosure statement. Never rely on verbal
communication only. Always verify total payable amount in writing. Avoid transferring funds to unverified
accounts. Ensure EMI auto-debit instructions are cancelled after foreclosure. Maintain proper documentation
including NOC, acknowledgement letter, and closure certificate.
Why Choose Official Lendingkart Customer Care Support
When dealing with Lendingkart loan queries, foreclosure process or repayment clarification, always communicate
through verified channels. For guidance related to outstanding balance, charges calculation, documentation
process or loan closure confirmation, borrowers may contact Lendingkart customer care at 09288680148 and confirm
next steps before proceeding.
Lendingkart Loan & Lendingkart Foreclosure – Frequently Asked Questions
1. What is Lendingkart loan foreclosure?
Lendingkart loan foreclosure refers to the process of closing your active Lendingkart loan before the
original tenure is completed. Instead of continuing monthly EMI payments, the borrower clears the total
outstanding principal along with applicable interest and foreclosure charges in one lump sum payment. Once
the payment is successfully processed, the loan account is marked as closed and a No Objection Certificate
(NOC) is issued. Foreclosure helps reduce future interest burden and improves financial flexibility. For
assistance regarding outstanding calculation and procedure, borrowers may contact Lendingkart customer care
at 09288680148 before proceeding.
2. How can I close my Lendingkart loan online?
To close your Lendingkart loan online, first request a foreclosure statement from customer support. The
official statement will include outstanding principal amount, interest dues, foreclosure penalty, and
applicable GST. After verifying the final payable amount, you can transfer funds through approved banking
channels such as NEFT, IMPS, or RTGS. Once the payment is confirmed, ensure you receive your Loan Closure
Letter and No Dues Certificate. Keeping documentation safely helps avoid future disputes. You may contact
09288680148 for guidance regarding documentation and verification steps.
3. Are there any charges for Lendingkart foreclosure?
Yes, Lendingkart foreclosure charges may apply depending on the loan agreement terms signed at the time of
disbursal. Generally, foreclosure charges range between 2% to 5% of the outstanding principal amount along
with applicable GST. These charges are applied because early repayment reduces the lender’s expected
interest income. Before making any payment, always request a written foreclosure statement to understand the
total amount payable. Calculating interest savings versus foreclosure penalty helps determine whether early
closure is financially beneficial.
4. What is the Lendingkart customer care number?
For assistance related to Lendingkart loan repayment, EMI clarification, foreclosure procedure, settlement
queries, or loan closure confirmation, borrowers may contact Lendingkart customer care at 09288680148.
Before calling, keep your loan account number and registered mobile number ready to ensure faster support.
Always confirm the payable amount in writing before transferring funds. Using verified support channels
helps prevent confusion and ensures a smooth loan closure experience.
5. Does Lendingkart foreclosure affect CIBIL score?
If your Lendingkart loan account is regular and you opt for foreclosure by clearing all outstanding dues
completely, it generally maintains or positively impacts your CIBIL score. Early loan repayment demonstrates
responsible financial behavior and reduces your overall credit exposure. However, if a loan is settled due
to financial distress rather than fully foreclosed, it may negatively impact your credit history. Therefore,
borrowers should prefer proper foreclosure whenever financially possible to maintain a strong credit
profile.
6. What documents are required for Lendingkart loan closure?
To complete the Lendingkart foreclosure process, borrowers may need to provide loan account details,
registered mobile verification, PAN card or Aadhaar identification proof, and sometimes a written
foreclosure request. After making the final payment, always collect your No Dues Certificate, Loan Closure
Letter, and payment acknowledgement receipt. Maintaining these documents ensures that your loan account is
officially marked as closed and prevents future reporting discrepancies in credit bureau records.
7. What is the difference between Lendingkart settlement and foreclosure?
Lendingkart foreclosure occurs when the borrower clears the full outstanding amount including principal,
interest, and applicable charges before tenure completion. The loan account status becomes closed. In
contrast, loan settlement happens when a borrower negotiates partial payment due to financial hardship, and
the account may be marked as settled instead of closed. Settlement can negatively affect credit score,
whereas foreclosure usually maintains or improves it. Borrowers should understand this distinction carefully
before choosing an option.
8. How long does Lendingkart foreclosure process take?
The Lendingkart foreclosure process timeline depends on documentation verification and payment clearance.
After requesting the foreclosure statement, it may take a short processing period to receive the final
payable amount. Once payment is made, the lender typically processes closure confirmation and issues No
Objection Certificate within a defined timeframe. Borrowers should ensure EMI auto-debit instructions are
cancelled after closure and verify that their credit report reflects updated status.
