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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.

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myKinara App

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.

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


₹1 lakh ₹30 lakhs
6
6 months 5 years
24%
24% 30%
17,853

Monthly EMI

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.

CHECK ELIGIBILITY

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!
CHECK ELIGIBILITY

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.

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

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Tool to help you estimate monthly repayments

Based on loan amount, interest rate, and tenure, ensuring financial clarity for successful planning