Top 10 Alternative Lending Platforms for Small Business Owners

Can’t get a loan from banks? Alternative lending start-ups here to help you in funding your small business. These companies reflect a growing trend in India—an increase in the number of start-ups in the alternative lending category, aimed at individuals and small enterprises. Here we compile 10 top alternate lending platforms providing loans to individuals and small businesses in India.

Top 10 Alternative Lending Platforms for Small Business Owners

1. Capital Float

The company provides collateral-Free Working Capital loans from ₹3 lac – 1 crore for e-commerce merchants, manufacturers, and start-ups.

Link to Capital Float

2. Lendingkart

Lendingkart Technologies Private Limited is a fin-tech startup in the working capital space.
Aadri Infin Limited,  a non-deposit taking NBFC, providing SME lending in India.

Link to Lendingkart

3. Innoviti

Innoviti helps small businesses with cash flow by small value unsecured loans. They have disbursed about 13,000 loans in the last three 12 months.

Link to Innoviti

4. Rubique

Actually, Rubique previously known as bestdealfinance, was formed in October 2014. Rubique has raised Series A funding, led by Kalaari Capital with participation from YourNest Angel Fund, Globvestor & Dexter Angel Circle, in September, 2015.

Link to Rubique

5. Namaste Credit

Namaste Credit is a marketplace connecting borrowers with lenders through an efficient and secure lending platform.

Link to Namaste Credit


Milaap is the largest crowdsourcing platform in India. Milaap helps you raise money, lend a little or donate to the causes and projects you care about.

Link to Milaap

7. LoanMeet

LoanMeet is a marketplace that connects credible borrowers with right lenders. The company provides business loan up to 60 lakhs.

Link to LoanMeet

8. I-Lend

I-Lend is an online peer-to-peer lending platform in India connecting individual borrowers and individual lenders.

Link to I-Lend

9. Faircent

Faircent is a community loan exchange platform offers P2P lending and personal loan at low interest rates in India.

Link to Faircent

10. Instakash

Instakash provides working capital loan for your small business within 72 hours.

Link to Instakash

Alternative lending platforms are very useful for small business startups. Most of the online alternative financing companies are either marketplaces for NBFCs or are NBFCs themselves. Here this list of the companies providing alternative lending options will definitely help you in getting finance for your new venture. Best of luck.