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Business Loan Eligibility Criteria & Documents Required
Fast access to financing is what we provide, and this might help you keep your business running.
RBI registered company
Fast and flexible business loans
Business loan eligibility criteria are based on various factors including the type of business, vintage and turnover.
Take Kinara Capital’s 1-minute eligibility check to instantly find out whether you are eligible for a collateral-free business loan.
Take Kinara Capital’s 1-minute eligibility check to instantly find out whether you are eligible for a collateral-free business loan.
Tenure
12 to 60 months
Loan Amount
₹ 1 Lakh- ₹ 30 Lakhs
Interest Rate
Starts at 24%
(On a reducing rate basis)
Business Loan EMI Calculator
Why choose Kinara Capital?
Get MSME loans from ₹1 lakh to ₹30 lakhs with a digital-first process in your preferred language. We serve 4,500+ pincodes and 300+ sectors.
Fast
Get your loan in just 24-hours
Flexible
Minimal and flexible documentation process
Friendly
Doorstep customer service to help you from start to finish
HAPPY CUSTOMERS
Meet our VikasChampions
With their grit & perseverance, small business owners go on to create local jobs and grow India’s economy. Here’s what they have to say about us!
Hiren Radadiya
Sri Aarusuvai Food Products
Kinara Capital’s loans of Rs. 2 lakhs and Rs. 10 lakhs helped me expand my business, increase production, and grow my turnover to Rs. 2 crores with 30 employees.
Arjun Singh Rajput
Sri Aarusuvai Food Products
Kinara Capital believed in my business when others didn’t. Their Rs. 6 lakh loan helped me invest in new machinery, turn things around, and watch my business grow.
Sandeep Shewale
Sri Aarusuvai Food Products
Kinara’s quick, hassle-free loan helped me buy new equipment, expand my team, and grow my business. I’m grateful for their support.
SIMPLE STEPS
How to apply for business loan?
All you have to do is enter a few details and upload your documents to our secure online portal. We’ll take care of the rest!
More about business loan eligibility criteria
ELIGIBILITY CRITERIA
Business loan eligibility criteria
Business loan eligibility is determined based on the sector and vintage of the business. In order to be eligible for a working capital loan from Kinara Capital, your business should meet the following criteria:
- Your company should be an MSME operating in the manufacturing, trading, or services sector.
- The business should be in operation for more than 2 years at the time of applying for a loan.
- The total monthly turnover should be greater than Rs. 50,000 and less than Rs. 4 crores.
- The business should be a sole proprietorship, partnership or private limited.
- Both an applicant and co-applicant are needed to apply for a loan.
- The applicant should be between the ages of 21 and 65 in order to be eligible.
DOCUMENTS REQUIRED
Documents required for a business loan
To apply for a business loan from Kinara Capital, you will need the following documents:
- Applicant’s KYC document (PAN card)
- Co-applicant’s KYC document (PAN card)
- Business KYC document (Udyam registration, etc.)
- Last 12 months’ bank statements
- GST and ITR documents are optional
IMPROVE ELIGIBILITY CRITERIA
How to Improve your eligibility for a business loan
The best way to check if you are eligible for a business loan from Kinara Capital is to take the 1-minute eligibility check on the website or using the myKinara app. By entering just a few relevant details, you can instantly verify your eligibility before you apply for a loan. In case you are unsure about your chances of getting a business loan, there are a few ways to improve your eligibility:
• Ensure that you have a healthy credit score and don’t make multiple loan inquiries to different lenders at the same time.
• Clean up your credit history by paying off any outstanding or bad loans.
• Balance your cash flows and strike a balance between revenues and expenses.
• Make sure your business meets the vintage and turnover criteria for eligibility.
• Have the necessary information and documentation handy to complete the application process.
• If you have any doubts or queries, reach out to Kinara’s customer care to help you through the steps.
• Ensure that you have a healthy credit score and don’t make multiple loan inquiries to different lenders at the same time.
• Clean up your credit history by paying off any outstanding or bad loans.
• Balance your cash flows and strike a balance between revenues and expenses.
• Make sure your business meets the vintage and turnover criteria for eligibility.
• Have the necessary information and documentation handy to complete the application process.
• If you have any doubts or queries, reach out to Kinara’s customer care to help you through the steps.
Interest Rate
How to calculate interest on business loans
The interest accrued on a business loan is calculated based on the principal loan amount, interest rate, and loan tenure. Interest on Kinara Capital’s business loans starts at 24% p.a., and is calculated on a reducing rate basis. This means that as the outstanding loan amount gets smaller with each repayment, the EMI amount reduces as well. This is because the interest is calculated on the outstanding loan amount, rather than the total principal disbursed at the outset.
BUSINESS LOAN
Factors affecting the business loan interest rates
Various factors affect the interest rate of a business loan. Among these are macro factors like the sector and geography within which the business operates. In addition to these, the following individual factors might influence the interest rate as well: the loan amount required, the business turnover, the purpose of the loan
ELIGIBILITY CRITERIA
What is the loan amount you are eligible for?
The business loan amount you are eligible for depends on various factors including the age, sector and turnover of your business. It is also heavily reliant on what the purpose of the loan is. In the case of Kinara Capital’s business loans, you can be eligible for a loan amount of up to Rs. 30 lakhs
TYPES OF LOANS
Types of business loans
Kinara offers two main categories of business loans: machinery purchase loans and working capital business loans. While machinery purchase loans are for buying machinery and equipment, working capital business loans can be used to cover business expenses, from paying salaries to expanding the product portfolio.
Aside from these, Kinara also offers a special scheme called HerVikas exclusively for women entrepreneurs. Under the scheme, women-run businesses can avail of an upfront discount on any of the above mentioned business loan categories.
Frequently asked questions
VIEW ALLDo I need to provide collateral to get a business loan?
Kinara Capital offers loans without collateral. In the case of machinery purchase loans, the machinery you buy with the loan amount will be hypothecated.
How to check for Business loan status on Kinara Capital?
You can check the status of your business loan application with Kinara Capital through our customer portal at customerportal.kinaracapital.com.
Who is eligible to apply for a Business Capital Loan from Kinara Capital?
MSMEs in the manufacturing sector must be registered for more than one year. Businesses in the trading and services sector can apply for a Business Loan only if the firm is registered for 2+ years.
Are there any benefits to taking a business loan from Kinara?
Yes, we provide collateral-free business loans within 24 hours. We also offer doorstep customer service and support via phone in local languages. With our myKinara App, we have a three-step quick loan application process:
- 1-Minute Eligibility Check,
- Verification Process (KYC & Business Details),
- Loan Approval & Sanctioning will lead to automatic Disbursement of the loan.
Tool to help you estimate monthly repayments
Based on loan amount, interest rate, and tenure, ensuring financial clarity for successful planning
