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Business Loan Interest Rate

Fast access to financing is what we provide, and
this might help you keep your business running.

RBI registered company

Pay lower EMIs on reducing rate balance

Business loan interest rates are a crucial factor in determining what your EMI amount will be. Kinara Capital’s loan interest is calculated on a reducing rate basis, which results in lower EMIs with each repayment.

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.

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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!

Sivachandra R.
Sri Aarusuvai Food Products
We took the loan and two subsequent ones from Kinara for buying machinery, which have been very helpful in running our business successfully
Sivachandra R.
Sri Aarusuvai Food Products
We took the loan and two subsequent ones from Kinara for buying machinery, which have been very helpful in running our business successfully
Sivachandra R.
Sri Aarusuvai Food Products
We took the loan and two subsequent ones from Kinara for buying machinery, which have been very helpful in running our business successfully

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!
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More about business loan interest rates

Reducing interest rate

Reducing interest rate on a business loan

A business loan is a form of financing extended to entrepreneurs by financial institutions to fund the various operational expenses associated with their company. Business loans are an easy way to finance expenses, from regular ones like employee salaries and overheads, to larger outlays like machinery purchase. Business loans can be serviced through equated monthly installments (EMIs), which pay off a portion of the principal amount as well as the interest accrued.

The interest rate on a business loan is determined based on several factors, including loan amount, tenure, and the lender’s policy, and can vary significantly. Kinara Capital’s business loan interest rate is calculated on a reducing rate basis, which 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.

Interest rate

Kinara Capital business loan interest rate and charges

Kinara Capital offers business loans for working capital and machinery purchase for micro-small-and-medium enterprises (MSMEs). These collateral-free loans are offered with minimal documentation and can be disbursed within as little as 24 hours after approval. Kinara Capital’s loans accrue interest starting at a rate of 24% p.a., and the interest is calculated on a reducing rate basis.

Interest rate calculation

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.

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