Business Loans in Coimbatore

Minimal and flexible documentation process

Doorstep customer service to help you from start to finish

Coimbatore or Covai is one of the major metros in TamilNadu. The state has an extensive textile industry, and has even been dubbed the ‘Manchester of India’, because Manchester was once the international centre of the world’s cotton industry. A range of small manufacturing industries related to cotton and cotton products have emerged in Coimbatore over time. But aside from textiles, Coimbatore also houses manufacturing industries that cater to the engineering sector. Overall, there are over 25,000 small, medium and large industries in the city. But even with such a large crop of MSMEs, traditional lenders in Coimbatore are likely to be averse to lending to small businesses without property collateral. In such circumstances, small business entrepreneurs can rely on Kinara Capital, which provides unsecured business loans in Coimbatore.

Kinara Capital has stepped in to bridge this credit gap by providing unsecured business loans in Coimbatore. The loan can be used for various purposes, such as expanding the business, buying more machinery, or covering day-to-day business expenses. These loan interest rates can vary depending on the purpose and tenure of the loan, as well as the lender’s policy and the borrower’s credit history. Kinara Capital’s online loans can be accessed quite easily and with minimal documentation within 24 hours.

In order to qualify for a business loan from Kinara, you need to meet the following criteria: 

• Your business should be part of the manufacturing, trading or services sector.
• The pin code should be one where Kinara Capital is already offering services. 
• Total monthly turnover should be greater than Rs. 50,000 and less than Rs. 4 crores. 
• The business should fall under the list of sectors and sub-sectors serviced by Kinara.