2023-07-10 13:38
Collections stack is an all-in-one platform for recovering debt that offers firms a variety of adaptable and effective debt management solutions. It automates managing debts, including sendi… Read More
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Lendingkart Finance Limited Blog
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credit
cibil
underwriting
personal loan mistakes
business loan
understanding underwriting
personal
business
underwriting model
fake gst invoices
Lendingkart is an online financing company dedicated to help entrepreneurs and small businesses with Working Capital Loans. We use Analytics and Big data scoring to evaluate our customer’s business. We are a small and motivated team of bankers, data scientists and techies trying to make a difference in the world of small business financing.
2023-07-10 13:21
Underwriting entails an individual or business assuming financial risk in return for a fee. Your loan approval gets determined by this critical step in the mortgage procedure. Usually, loans… Read More
2023-07-10 13:03
An essential step in the financing process that determines whether or not you’ll receive final loan approval is underwriting. Let’s get started and discover more about underwriti… Read More
2023-06-26 11:25
Personal loans can fulfill your financial demands. It can get used for nearly anything, including emergency funding, debt consolidation, or making a sizable purchase. It has never been simpl… Read More
2023-05-18 09:58
The rise of scams involving fake GST invoices is of great concern. Most cases comprise the use of fake GST invoices for incorrect availing of undue input of tax credit (ITC). The government… Read More
2023-03-31 10:26
A Permanent Account Number, or PAN as it is more generally called, is for both people and businesses. All taxpayers who reside in the nation, whether they are an individual, a partnership, o… Read More
2023-03-30 10:22
Introduction to CIBIL and its role in credit reporting CIBIL (Credit Information Bureau India Limited) is a leading credit information company in India established in 2000. It is a joint ven… Read More
2023-03-28 13:39
The past several years certainly taught us that life is unpredictable in many ways. It can surprise you when you least expect it, and you might suddenly need money. A medical issue and the n… Read More
2023-03-28 07:22
Customers’ credit histories are gathered and evaluated by Credit Information Bureau India Limited, or CIBIL, the top credit bureau in the country. This involves acquiring client credit… Read More
2023-03-24 05:51
A key component in figuring out your creditworthiness and financial stability is your credit score. You can get loans and credit cards with advantageous interest rates and terms if you have… Read More
2023-03-09 13:27
Definition A term loan is a loan that is granted for a set period, typically up to 96 months and must be repaid in regular instalments (EMIs). Term loans are provided to firms for various pu… Read More
2023-03-02 10:55
NBFCs are regulated by the Reserve Bank Of India (RBI) and the Securities and Exchange Board of India (SEBI) in India. NBFCs are essential as they fulfill the financial needs of individuals… Read More
2023-02-21 08:38
Business registration proof is a fundamental requirement for any business entity that wants to operate legally and establish credibility in the eyes of its stakeholders, customers, and suppl… Read More
2023-02-20 12:17
Lendingkart’s acquisition of Upwards is a strategic move aimed at strengthening the company’s position in the lending industry in India. As a leading provider of working capital… Read More
2023-01-03 12:35
A company needs money for growth and expansion. You need enough cash to carry out your plans effectively, whether that means purchasing new machinery, stock, boosting working capital, or any… Read More
2022-10-03 13:09
Trade has existed for almost as long as there has been human civilization. The import and export of goods are how the potato arrived in Ireland. In a more contemporary context, it is how we… Read More
2022-09-20 11:25
One of the most popular ways to make money today is by becoming a blogger or sharing videos and pictures on social media. Instagram is one such useful social media platform on which people c… Read More
2022-09-16 09:34
An NBFC is a non-banking financial company is a financial institution that provides various banking services such as providing loans but does not have a banking license. For instance, there… Read More
2022-09-14 11:57
The Indian Customs of Central Board of Indirect Taxes and Customs (CBIC) provides E-filing services to cargo carriers and trading partners. The CBIC, formerly known as the Central Board of E… Read More
2022-09-12 11:25
GST, which was treated as India’s most significant reform in the sector of Tax, is also known as Goods and Services Tax. GST is a form of indirect taxes imposed at the State and Centre… Read More
2022-09-07 14:06
Reliance Petroleum is one of the main divisions of Reliance Industries, which was launched in 1991. One of this division’s earliest and most successful ventures was Gujarat Refinery, w… Read More
2022-08-03 11:22
It is without a doubt that nowadays, the brands being seen on international markets are also seen on the local side of Indian streets. The simple and easy reason for this is the franchise be… Read More
2022-07-29 08:07
If you have ever engaged in a conversation about the economy or progress of a country, then you might have heard the word ‘industry’ being thrown around quite often. This is beca… Read More
2022-07-28 12:12
We all know how climate change has been gradually becoming the top priority to deal with for our civilization. The problem is affecting not only our livelihoods on a regular basis but is als… Read More
2022-07-14 11:16
In today’s world, most of the transactions conducted by people are through an online medium involving banks and other entities. Hence it is very much essential to make sure that a pers… Read More
2022-07-13 13:07
If you have never been a fan of numbers, then here is another three-digit numerical value that could throw a curveball your way. CIBIL score is a reflection of credit history and can make or… Read More
2022-07-07 11:38
GST stands for Goods and Service Tax. Indirect taxes like the value-added tax, service tax, purchase tax, excise duty, and others were replaced by this one, which is an indirect tax. When sp… Read More
2022-06-24 11:01
National Portal For Credit Linked Government Schemes On June 06, 2022, Prime Minister Mr. Narendra Modi announced the launch of ‘The Jan Samarth Platform. The PM took to Twitter to add… Read More
2022-06-22 12:48
The Prime Minister of India launches PM Kisan or Pradhan Mantri Kisan Samman Nidhi Yojana to credit the monetary benefits directly to the accounts of the farmers. Approximately 10 crores of… Read More
2022-06-14 10:33
India is becoming the start-up hub these days. Especially after getting words of encouragement from the government and leading businessmen from the field. To start any business, the primary… Read More
2022-06-10 11:21
The RoDTEP scheme, or Remission of Duties and Taxes on Exported Products, is a newly designed plan initiated by the Indian Government to better assist exporters. On January 1, 2021, the day… Read More
2022-06-08 10:49
Seeds are the primary foundation for the growth of a plant. To nurture it with care and the required nutrients is vital. As the name suggests, seed funding deals with a similar concept. The… Read More
2022-06-07 07:07
Each start-up is set out by a compelling idea and genius minds. But for the proper nurturing and growth of the said ideas. Venture capital funding is a type of external seed funding. It can… Read More
2022-06-06 13:44
Everyone dreams of starting their own company or becoming their employer. Ever wondered what are the formalities to start a company of your own? Well, we are here to help you! Read below to… Read More
2022-05-25 07:26
Goods and Service Tax, also better known as GST, is one of India’s indirect tax regimes for the consumption and supply of goods and services. GST returns are a form that a taxpayer rec… Read More
2022-05-23 14:05
Micro, Small and Medium Enterprises, also known as MSME, refers to those establishments where the funding in the machinery and the plant does not exceed Rs.50 crores and the Annual turnover… Read More
2022-05-19 06:16
As a part of the business world, it is possible to come across several abbreviations daily. Many of them are easy to understand and learn about, but some might be confusing for some. However… Read More
2022-05-19 05:54
Earning money online is a dream of many as you get to work anytime and from anywhere. You can work online part-time or can make it a full-time career. Working on your own has its merits howe… Read More
2022-05-13 06:27
People are gradually becoming more and more dependent on the internet. If they need to shop, they would look for the places near them with the lowest prices or carefully go through the revie… Read More
2022-05-12 10:53
Working capital measures a company’s ability to pay current liabilities with current assets, providing insight into its short-term financial health, ability to pay off debts within a y… Read More
2022-04-29 12:14
Digital India is no more a saying. It’s a real thing now. People use the internet to order their necessities, pay off their bills, plan vacations, and whatnot. Almost every industry is… Read More
2022-04-28 10:53
Before taking out any form of loan, you should carefully consider the interest rate. For most borrowers, it is one of the fundamental elements influencing their decision to pick a lender and… Read More
2022-04-27 11:35
Implementation of the Goods and Services Tax (GST) restructured the indirect tax system of India and brought significant changes in almost every economic sector of India. This comprehensive… Read More
2022-04-26 09:40
The shops and commercial establishments Act is enforced in every state, and from time to time, amendments are made. This Act provides for the regulation of conditions of work and employment… Read More
2022-04-20 11:11
A current account allows individuals, professionals, and businesses to conduct a variety of everyday monetary activities. The account can be opened and administered by a single person, a gro… Read More
2022-04-19 09:20
Micro, small, and medium enterprises, more known as MSME, are an important sector globally. Minor businesses that do not cross a turnover of Rs. 200 crores at maximum comes under this catego… Read More
2022-04-15 11:11
The availability of credit facilities enables us to turn our dreams into reality. However, everything comes with a cost, and so do our desires and needs. The cost of turning them into r… Read More
2022-04-15 10:44
Passive income by definition refers to the income that we earn with little effort. This usually includes the extra income or the investment that provides us with output on the regular basis… Read More
2022-04-07 10:46
School or College students, today everyone needs extra money for books, stationery, fancy meal, outings for which parents don’t pay. For that, they search for online part-time jobs, wh… Read More
2022-03-22 10:55
Most senior citizens nowadays are interested in making money even after their retirement. For some, it might be just a way to kill their leisure time and stay active and lively through their… Read More
2022-03-22 09:45
In today’s world, we are connected through the internet. Due to an ongoing pandemic, it has penetrated deep into our lives. Nowadays most businesses have gone online and that has becom… Read More
2022-03-17 09:57
A DSA loan agent, also known as a direct selling agent, is a person who works for a bank or a non-banking financial institution (NBFC). Bank or NBFC workers who acquire potential loan borrow… Read More
2022-03-17 06:23
One of the most challenging tasks to do when you are a housewife is to find a way to earn money at home. Many responsibilities at home make it difficult for housewives to go out and work in… Read More
2022-03-04 08:23
What is a PLI Scheme? Production Linked Incentive schemes (PLI), was introduced in March 2020. It is the sum of the government incentives that are linked to the manufacturing performance of… Read More
2022-02-28 14:29
As per the year 2014, the MSME sector of India has been able to increase its GDP share by 2.6%, which includes 18.7% exports and 10.2% imports. It generated direct employment for 8 million p… Read More
2022-02-14 13:57
In the past two years, due to the ongoing pandemic, everyone had to work from home. Work from home has its own perks. We can work in the comfort of our home and manage other things. The bigg… Read More
2022-02-09 06:56
A Loan Agent’s job is to assist customers in obtaining a loan when they need one. They connect you with a lender, handle the initial process, and oversee the crucial components of a mo… Read More
2022-02-07 11:53
Bringing in money is normally related to and confined to the customary ‘disconnected’ course. During this time, when the economy is in its worst situation, the work from home cul… Read More
2022-01-31 07:53
Introduction With the current pandemic situation creating uncertainty, many people have lost the ability to go out and work like before physically. It is where the work-from-home culture ste… Read More
2022-01-28 06:18
Business loans are one of the most sought-after financial instruments that business owners use to keep the cash flow in the business. For convenience, Business owners are looking for the eas… Read More
2022-01-27 07:15
A DSA loan agent, also known as a direct selling agent, is a person who works for a non-banking financial institution (NBFC). One of the leading NBFCs across India is Lendingkart. You can re… Read More
2022-01-26 13:40
Introduction eKYC stands for Electronic Know Your Customer. It is a system used to identify and register users by gathering personal and professional information. It is an extension of the t… Read More
2022-01-21 13:18
Introduction The Government of Kerala has been proactive in taking several initiatives to create a dynamic environment for start-ups. All such efforts have contributed to the growth of techn… Read More
2022-01-21 11:28
A Company credit score is a valuable credit rating score that is required by banks and NBFC (Non-Banking Finance Company). Most companies require credit for startups as well as for regular w… Read More
2021-12-27 10:12
DSA loan agent or the Direct selling agent is associated with the bank or non-banking financial company (NBFC). DSA agents are the bank or NBFC personnel who acquire potential loan borrowers… Read More
2021-12-24 06:09
Direct selling agents are the individuals who work on referral bases for any financial institutions or banks. They are appointed by banks or NBFCs to identify and find potential customers. T… Read More
2021-12-20 06:31
If you are applying for a loan, you can directly apply it to the NBFC or the Bank, or you can apply it through agents known as DSA (Direct selling agents). Who are Direct selling agents (DSA… Read More
2021-12-13 11:10
NBFC is a non-banking financial company. Any person who acts as a referral agent for such a company or bank is called DSA (direct selling agent). As an agent, the primary responsibility is t… Read More
2021-12-07 09:10
With the fearsome increase in the consumption of electricity, worldwide, the importance of sustainable sources has also increased. Both the central and the state governments of India have pl… Read More
2021-11-11 11:54
Electronic Vehicles (EVs) are an environmentally friendly and low-cost alternative to petrol or diesel vehicles. Any vehicle that runs partially or wholly with electric combustion comes unde… Read More
2021-10-06 12:01
In the PLI scheme, incentives are offered to manufacturers of Indian products when incremental sales are made. Six new schemes were approved after ten were notified by the government in Nove… Read More
2021-09-13 05:07
India has taken a firm step towards dominance in the global textile market with the introduction of the Production Linked Incentive Scheme. The main thrust of this scheme is to achieve the a… Read More
2021-08-30 10:11
What is GST? The Goods and Services Tax or GST is a system of indirect tax which is generally imposed on the services offered and on goods supply. This system is multi-stage with a destinati… Read More
2021-08-25 11:31
Every country’s government needs a steady flow of income to be able to run the country to its truest function and taxes are the major source of this revenue. The taxes that the governm… Read More
2021-08-24 11:47
What is HSN? The Harmonized System of Nomenclature or HSN has been developed by the WCO or World Customs Organization for giving a code to the various goods around the globe in a prope… Read More
2021-08-23 11:01
Why should a person exercise their voting rights in India? Our country, India, can be considered as one of the biggest democracies around the globe. This notion of the famous saying ‘G… Read More
2021-08-20 10:19
Capital gain can be understood as the net profit which an investor makes on selling any capital asset which exceeds the purchase price. This total value that one earns by selling any capital… Read More
2021-08-17 05:19
What is TCS? The TCS or Tax Collected at Source is the tax that is collected from the buyer by the seller while the purchase of some specific goods category by the buyer. This TCS rate depen… Read More
2021-08-13 09:29
What is Inventory? Inventory is also known as the merchandise, in a business, which refers to the materials and goods which a business has for sale to its customers for the future. In simple… Read More
2021-08-09 04:37
Overview Over the past few years, there has been a great change in the banking systems. The way we can transfer money has changed completely after the introduction of the NEFT, RTGS and IMPS… Read More
2021-07-28 13:10
Introduction The global economy and in particular the economies of developing countries have been hugely reinforced by the building of micro small and medium enterprises. The small bus… Read More
2021-07-23 12:42
Thanks to financial technology much advancement have taken place in today’s digital world. Financial operations and banking transactions have become very easy and uncomplicated. Multip… Read More
2021-07-21 12:36
Money is a crucial component for any commercial business due to its unique function of fulfilling the transactional and fund requirements in the short and long term. In this capital deficien… Read More
2021-07-19 12:11
In developing countries such as India, healthcare services have not yet reached a universal scale. Millions of people are still left out of the health care safety net and this is mainly visi… Read More
2021-07-13 13:18
Credit score has become a ubiquitous term in modern-day finance terms. If you are looking for funds from the banking industry, having an ideal Credit score has become mandatory. Since 2010… Read More
2021-07-09 11:37
Commercial Finance forms the central component of a business enterprise. The significance lies in forming a robust framework for the administrative establishments, as well as enhancing the s… Read More
2021-07-06 09:48
From July 2020, the Union Ministry of Micro, Small and Medium Enterprises introduced a new mechanism to register and classify MSMEs. Known as Udyam registration, it lets new and existing bus… Read More
2021-07-05 11:46
What Is Working Capital ‘Working Capital’ is the term used basically to indicate the financial condition of a firm or an organization in the short term. In other words, it can be… Read More
2021-06-28 13:08
District Industries Centre (DIC) is a central sector scheme with the objective of promoting small village and cottage industries in a particular area. The DICs have been established in vario… Read More
2021-06-25 11:39
Financial Accounting has its origin in the ‘Principle of Duality’. This principle says that each and every business transaction that is written in accounts books has an effect th… Read More
2021-06-23 09:46
What is ICEGATE? Indian Customs and Central Excise Electronic Commerce/Electronic Data Interchange (EC/EDI) Gateway or ICEGATE is basically a website which has greater than 8500 users. This… Read More
2021-06-22 13:04
Working Capital is an essential requirement of business in today’s scenario. It is very tough for businesses to grow and flourish without enough working capital which is needed to meet… Read More
2021-06-15 06:45
The e-Way Bill enrolment or registration is quite a very easy process on the official portal of the Indian Government (ewaybillgst.gov.in or ewaybill.nic.in). For generating the GST e-way bi… Read More
2021-06-14 11:41
Lately, the Government of India has introduced a drastic change in its E-way bill generation mechanism on its E-way bill portal. It blocks the facility for those taxpayers who failed to file… Read More
2021-06-11 06:56
Electronic-Way Bill or E-Way Bill is a unique bill number and a document introduced under Goods and Tax Service (GST) and is generated for specific shipments/ movements of goods worth exceed… Read More
2021-06-07 11:14
What are E-way bills?
As of March 1st, 2018, the Government of India introduced a new amendment in the GST taxation process- the commencement of e-way bills. E-way bill is the shorthand f… Read More
2021-06-02 12:23
Introduction
How many times a day do we hear a howl from the streets calling to buy a range of things that starts with food items and vegetables and goes on till infinite other stuff like… Read More
2021-05-31 11:07
It was Sidhi’s dream to open her own boutique. To expand the boutique, she needed to get a loan. Like all others, she went to the bank to apply for a loan. However, after doing so, sh… Read More
2021-05-27 11:24
An average person’s morning starts with a pouch of milk. He cuts it open, pours the milk into a cup and deposits the cover in the trash.
Someone peels the vegetables and throw the p… Read More
2021-05-18 11:13
Introduction
Small-scale industries are amongst the most important industries in India as most of the industries are of a small-scale nature and hence a huge chunk of India’s income… Read More
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