Business Loans in 24 hours

To apply for a business loan, start by taking the 1-minute eligibility check . If you clear the business loan eligibility, you can then take the loan application forward by providing personal and business documents to complete the KYC process. Alternatively, one of our representatives will reach out to you to help you with the rest of the process. Now you can also download the myKinara app and take the eligibility check on it. If you qualify, you can complete the application process using the app.

To get a business loan, your business should fit the business loan eligibility criteria: your business should be part of the manufacturing, trading, or services sector, with a monthly turnover between Rs. 50,000 and Rs. 2 crores. Manufacturing businesses should be at least 1 year old; trading companies should be 2years old; and services businesses should be a minimum of 3 years old.

For business loan eligibility, loan applicants should be between the ages of 25 and 65.

Kinara Capital has a 24-hour turnaround time from loan approval to disbursal, so you will not need to check the status of your loan. If all your paperwork is in place, the loan processing will be smooth and extremely quick, with no systemic hold-ups.

Kinara Capital offers loans without collateral. This means that you will not have to provide any security when availing of a loan. In the case of Asset Purchase Loans, the machinery you buy with the loan amount will be hypothecated.

Have all your documents in order and make sure you complete the application process correctly with accurate information to speed up processing and approval.

An MSME business loan is financing extended to a small business for operational needs. The loans can be used to purchase machinery or for working capital expenses to ensure smooth functioning and growth.

With Kinara’s end-to-end digital application and AL/ML-led decisioning, applicants can go from eligibility check to disbursement in just 24 hours.

You can repay your business loan through easy EMIs using a variety of repayment channels ranging from in-person deposit to online payment through one of the many platforms Kinara has tied up with.

A business loan itself does not directly affect taxes, but the interest paid on the loan can be claimed as a tax-deductible expense, reducing taxable income. However, principal repayments are not tax-deductible.

MSMEs in the manufacturing, trading and services sectors are eligible to apply for a business loan. You can check your eligibility in just 1-minute by downloading the myKinara App.

Kinara’s loans are processed in just 24 hours, and once the loan is approved, you will be updated on your registered mobile number.

Kinara Capital doesn’t rely solely on credit scores to gauge creditworthiness. The company’s alternative credit decisioning model takes a number of additional factors into consideration.

A collateral-free loan is best for businesses, particularly MSMEs. Depending on the requirements, you can opt for a machinery purchase loan or a working capital loan. Kinara also offers bill discounting loans to MSMEs.

Having your business financials in order and a clear loan purpose in mind, as well as all your documents and information in order, is the best way to qualify your business for an instant business loan.

Business loans are meant to be invested in business-related expenses only. They cannot be used for personal financing requirements.

The minimum turnover required to apply for a business loan from Kinara Capital is Rs. 50,000.

MSMEs have always struggled to get business loans in India because traditional lenders tend to avoid lending to them because they often lack an established credit history and collateral. However, new-age fintech NBFCs like Kinara Capital are changing this scenario.

The minimum loan amount Kinara Capital provides for business loans is Rs. 1 lakh.

The tenure of a business loan will vary depending on several factors including the type of loan and loan amount.

Yes, you can use a short-term of long-term working capital loan to cover your working capital requirements.

If you stay on track with EMI payments and avoid default, a business loan can improve your credit score.

You should take a business loan when the need for financing arises, either to implement growth plans or to fund day-to-day business expenses. Before you apply, make sure that you will be able to service the loan by checking the EMI amount using a calculator.