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Canara Bank partnered with Lendingkart

Published on January 19, 2022
Current Context: The Canara Bank has entered into a co-lending partnership with Fintech company Lendingkart.
Canara Bank partnered with Lendingkart
  • They have partnered to offer low-cost business loans to MSMEs.
  • The loans upto Rs 10 lakh will be granted within the fast duration of time.
  • The loans will be provided with a fast turnaround time for approvals powered by the ‘Lendingkart 2gthr’ platform using ‘zero touch’ technology.
  • The Canara Bank will explore the ‘xlr8’ platform of Lendingkart to distribute loans to the MSMEs and the ‘cred8’ platform to underwrite the loans granted.
  • Static Part: 
    • HQ of Lendingkart: Ahmedabad
    • HQ of Canara Bank: Bangalore
    • Tagline of Canara Bank: Together we can


Q.1 Which bank partnered with Lendingkart to offer low-cost business loans upto Rs 10 lakhs to the MSMEs?
a. UCO Bank
b. HDFC Bank
c. Axis Bank
d. Canara Bank

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