It's common for users to overlook billing details until an unexpected charge surfaces, perhaps from an automatic renewal. This guide is designed to demystify the process of obtaining a refund for a Lendingkart loan, ensuring you understand who is eligible and the steps needed to request your money back swiftly. With clear instructions and helpful insights, we aim to make your refund experience as seamless as possible.
What You Should Prepare Before Applying For Refund
Lendingkart Account Details: Ensure you have your Lendingkart account username and registered email address handy.
Loan Application Number: You'll need your specific loan application ID for reference during the refund process.
Transaction ID: Gather the transaction ID related to the loan disbursement for precise identification of your request.
Reason for Refund: Prepare a clear and concise explanation of why you are requesting the refund, including any relevant circumstances.
Proof of Payment: Keep a copy of the bank statement or any relevant documents showing the loan amount credited to your account.
Communication Records: Save any emails or messages exchanged with Lendingkart regarding your loan, as they may be required for review.
Support Ticket Number: If applicable, include any support ticket numbers related to previous communications about your loan.
KYC Documents: Be ready to submit copies of your KYC documents that were provided during the loan application process, if necessary.
How Long Does it Take to Get a Refund?
Payment method
How long it takes*
Bank Transfer
5-7 working days
Debit Card
3-5 working days
Credit Card
5-7 working days
NEFT
1-3 working days
UPI
Instant - 1 working day
*Working days are Monday to Friday, and don't include public holidays.
What are my Rights? Am I eligible for a Refund from Lendingkart loan
Lendingkart offers financial solutions specifically designed for small businesses, providing them with loans to support their growth and operational needs. Understanding your rights and eligibility for refunds is crucial in managing your loan effectively. While Lendingkart primarily focuses on providing loans rather than subscription services or physical products, there are certain situations where users might find themselves in circumstances that could warrant a refund or adjustment.
Loan Cancellation: If a loan application is canceled prior to disbursement, you may be eligible for a refund of any processing fees that were charged.
Overpayment Situations: Users who find they have overpaid due to payment adjustments may qualify for a refund of the excess amount.
Loan Reassessment: In case of a loan amount being reduced after initial approval, a user might be eligible for a refund of the difference in processing fees.
Repayment Adjustments: If there are changes to the repayment schedule that could impact total fees, borrowers may inquire about potential refunds related to these adjustments.
Promotional Offers: Users who took part in promotional offers that didn’t meet the stipulated criteria may want to discuss potential eligibility for refunds on the promotional fees.
It's advisable for users to review their loan agreements or contact Lendingkart's support team for specific inquiries regarding their eligibility and any relevant circumstances that may apply.
Step-by-Step Process to Request Your Lendingkart loan Refund Like a Pro
If you purchased through Lendingkart loan.com:
Visit lendingkart.com and log into your account.
Navigate to the Account Settings by clicking on your profile icon in the top-right corner.
Select Subscription Details from the dropdown menu.
Locate the Membership Subscription section and click on Request Refund.
Fill out the refund request form, ensuring to highlight that the subscription renewed without notice.
Submit the form and wait for a confirmation email regarding your refund.
If you purchased through Google Play:
Open the Google Play Store app on your device.
Tap on the profile icon located at the top-right corner.
Select Payments & Subscriptions, then tap on Subscriptions.
Find the Lendingkart loan subscription and tap on it.
Click on Request a Refund and choose Refund for the reason.
In your message, mention that the account was unused and state your case clearly.
Submit your request and keep an eye on your email for confirmation.
If you purchased through Apple:
Open the Settings app on your device.
Tap your Apple ID at the top, then select Subscriptions.
Find and tap on the Lendingkart loan subscription.
Select Report a Problem under the subscription details.
Choose Cancel Subscription if it prompts.
In the report issue section, emphasize that the subscription renewed unexpectedly.
Submit your report and wait for a follow-up response from Apple.
If you purchased through Roku:
Access the Roku device and navigate to Settings.
Select Manage Account under the Subscription options.
Find the Lendingkart loan subscription in the list.
Choose Request Refund and specify your reason.
Make sure to add that your subscription was not used during the billing cycle.
Submit your request and await email confirmation from Roku regarding your refund.
Disclaimer
Chargeback is an independent consumer resource that provides educational information to help users understand how to cancel, manage, or request refunds for various subscriptions. We are not affiliated with, endorsed by, or sponsored by any of the companies mentioned on this site. All trademarks, logos, and brand names are the property of their respective owners.
The information we provide is based on publicly available sources and user reports and may contain inaccuracies or become outdated over time. Our guides are intended for general informational purposes only and should not be relied upon as official company instructions or legal advice.
Consumers are solely responsible for reviewing their own contracts, terms of service, and refund or cancellation obligations before taking any action. Nothing on this site should be interpreted as legal, financial, or contractual guidance.
Chargeback does not encourage or condone disputing valid charges, misrepresenting transactions, or taking any action that could violate a company's terms, service agreement, or applicable laws. We promote fair, transparent, and lawful communication between consumers and businesses.
I would like to bring to your attention a billing situation related to my account. The details are as follows:
[describe reason]
In light of this, I would like to request a refund of [Amount]. Please find attached any relevant documentation for your reference.
I would appreciate your confirmation regarding this matter within 3-5 business days.
Thank you for your attention to this request.
Sincerely, [Your Name] [Your Phone Number]
Common refund statuses
Status
Meaning
What It Means for You
Pending
The refund request has been initiated but is yet to be reviewed.
Your request is under review. Please allow 1-3 business days for processing.
Processing
The refund is being processed by our finance team.
Your refund is underway, and you can expect completion within 3-5 business days.
Refunded
The refund has been completed and the amount has been credited back to your account.
The money has been successfully returned, and you can check your account balance.
Partially Refunded
A portion of the total amount has been refunded.
Only part of your initial loan amount has been returned. Check your account for details.
Completed
The refund process is complete with no further actions required.
You are all set! Your transaction is fully resolved.
Canceled
The refund request has been canceled and will not be processed.
Your refund request was not processed. If you need assistance, please contact support.
Real User Scenarios: When and How Refunds Were Successfully Claimed
Below are some real user scenarios where Lendingkart loan customers successfully claimed refunds after navigating their account management inquiries and billing clarifications:
Early Loan Closure: A customer decided to pay off their business loan early due to improved cash flow. After contacting Lendingkart's support team to clarify the early closure policy, they received a refund for the interest charged on the remaining loan period.
Payment Adjustment Request: A user realized they had selected a repayment schedule that was too aggressive for their business cycle. After reaching out to Lendingkart's customer support to discuss this, they successfully adjusted their repayment plan and the excess payment was refunded to their account.
Account Management Clarification: A small business owner noted a discrepancy in their loan disbursement amount compared to what was agreed upon. By contacting customer service and providing the necessary documentation, they received a refund for the difference, correcting the loan disbursement to match the original agreement.
Subscription Service Inquiry: A customer mistakenly selected a premium subscription option for financial tracking tools but realized only the basic features were needed. After discussing their account needs with Lendingkart’s support team, they downgraded to the basic plan and received a refund for the upgraded subscription fee.
The Easiest Way to Get a Lendingkart loan Refund
If you're frustrated trying to get a refund from Lendingkart loan—or if you didn't even realize you were being charged—Chargeback can help. Chargeback is a personal subscription manager that automatically detects hidden, recurring charges like Netflix, Hulu, and hundreds of others. With one click, we can cancel unwanted subscriptions, flag suspicious billing, and even initiate refund requests on your behalf. No more waiting on hold or navigating confusing help pages. Just connect your bank or card account, and we'll take care of the rest.
How to Track Your Refund Status Efficiently
Tracking your refund status efficiently with Lendingkart can help you stay updated on your loan transactions. Here are some specific ways to ensure you are always in the loop regarding your refunds:
Check Email Notifications: Lendingkart sends email updates regarding refund requests. Make sure to look out for emails with subject lines like "Refund Status Update" which will provide details on the current status of your refund.
Use the Lendingkart Mobile App: If you're using the Lendingkart app, navigate to the Notifications tab. Here, you will receive real-time alerts about your refund status and any necessary actions that may be required from your side.
Account Dashboard Insights: Log into your Lendingkart account and go to the Billing Section. The dashboard will display all your recent transactions, including pending refunds, where you can check the estimated time of processing.
Order History Feature: In the Order History section of your account, you can find details related to your loan and any applicable refunds. Clicking on the relevant order will provide you with comprehensive tracking details.
Customer Support Access: If you need further assistance or clarification, reach out to Lendingkart’s customer support through the Help Center. They can provide personalized updates on your refund status and any related queries.
FAQ
If you forget to cancel your Lendingkart loan on time, refunds may not be possible as per the terms of your agreement. However, we recommend reaching out to our customer support team for assistance, as they can provide guidance based on your specific situation.
Refunds from Lendingkart typically take 7 to 10 business days to process and reflect in your account. Processing times may vary depending on your bank's policies, so it's recommended to check with them if the refund does not appear within this timeframe.
If you see a charge but do not have an active subscription, please first check your account details and transaction history on the Lendingkart platform. If the charge still appears unclear, we recommend reaching out to our customer support team with your account information and transaction details for further assistance in resolving the issue.
If you are unable to receive a refund directly from Lendingkart, you may consider reaching out to their customer service team again for further guidance. Additionally, escalating your issue within their support system can often provide more insights or alternative resolutions. It may also be helpful to review your account details and transaction history to ensure all information is accurate when communicating with their support team.
If Lendingkart refuses to issue a refund, it may be helpful to review their refund policy for any specific criteria or conditions. Additionally, consider reaching out to customer support for further clarification or to inquire about your account details to ensure everything is in order. Keeping communication open can sometimes lead to a resolution.
Chargeback and the Chargeback trademarks used herein are trademarks or registered trademarks of Chargeback and its affiliates. The use of any other trade name, copyright, or trademark is for identification and reference purposes only and does not imply any association with the copyright or trademark holder of their product or brand. Other product and company names mentioned herein are the property of their respective owners.
¹ Total savings is calculated based on internal annualized estimates of savings for customers. ² Average requests times may vary depending on volume of requests
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