Download
myKinara App
Business Loans in Vizag
Get Collateral-free MSME loans upto Rs. 30 Lakhs
RBI registered company
Grow fast with Business loans in Vizag
Kinara’s collateral-free business loans are aimed at providing fast access to funds for MSMEs. We provide doorstep customer service and our business loans process requires minimum documentation.
Our fully digital process can go from loan decision-to-loan disbursement within 24-hours. Check your eligibility in a minute!
Tenure
12 to 60 months
Loan Amount
₹ 1 Lakh- ₹ 30 Lakhs
Interest Rate
Starts at 24%
(On a reducing rate basis)
Why choose Kinara Capital?
Get MSME loans from ₹1 lakh to ₹30 lakhs with a digital-first process in your preferred language.
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!
More about business loan
BUSINESS LOAN
Unsecured business loans in Vizag
Vizag is one of the cities selected for the Smart Cities Mission by the government, and therefore receiving central impetus to develop industries and infrastructure. Being a port town, Vizag has always been a centre for commerce, housing an international port and shipyard has led to the establishment of the offices of several large companies like GAIL, HPCL and BHEL in the city. But Vizag also has a network of small businesses to support the economy of the port town. The city is also famous for its growing steel industry, which has spawned smaller steel products and components manufacturing businesses across the region. But owners of small businesses might be hard pressed to find the right opportunities, due to the lack of access to capital. As with many small businesses, accessing formal credit is a challenge for small business entrepreneurs in this port town, because banks are wary of lending to them without collateral. Kinara Capital has a presence in Vizag and offers unsecured business loans in Vizag, specifically for small businesses.
Kinara Capital has stepped in to bridge this credit gap by providing unsecured business loans in Vizag. 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.
BUSINESS LOAN
Business Loans in Andhra Pradesh
Andhra Pradesh is one of the southern states of India, and it is the only one in the country to have three proposed capitals. While Visakhapatnam is the executive capital of the state, Amaravati serves as the legislative capital and Kurnool is the judicial capital. The state is home to a thriving automobiles and auto part manufacturing industry. But it also houses myriad other industries, including pharmaceuticals, poultry farming, spice making, textiles and horticulture. It also has emerging IT hubs, which are supported by many smaller service industries. Large firms like PepsiCo, Isuzu Motors and Cadbury India have manufacturing units in the state, but there are also a host of smaller businesses. But these small businesses might face the challenge of not having easy access to formal credit from banks. In such a situation, they can turn to Kinara Capital, which offers collateral-free business loans in Andhra Pradesh.
ELIGIBILITY CRITERIA
Eligibility Criteria for a business loan in Vizag
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.
DOCUMENTS
Documents Required for a Business loan in Vizag
Traditional lenders like banks typically have a very intensive and tedious documentation process. However, new-age lenders like Kinara have come up with data-led ways to gauge creditworthiness, therefore reducing the need for extensive paperwork. Kinara has a simple and minimal documentation process, and offers the option to substitute certain documents for others, based on availability. To apply for business loan from Kinara Capital, you will need just the following documents:
• Applicant, co-applicant and business KYC documents (ID and address proof)
• Applicant’s PAN card
• Business registration document
• Last 12 months’ bank statements
• Applicant, co-applicant and business KYC documents (ID and address proof)
• Applicant’s PAN card
• Business registration document
• Last 12 months’ bank statements
FEATURES
Features of Kinara Capital Business Loan
A Kinara Capital loan has the following features, which sets it apart:
• Unlike other loans, Kinara’s loans are completely collateral-free.
• The online business loan application process is quick and easy, and can be completed either by the customer themself or with the help of a Kinara representative.
• The business loan interest rate is applied on a reducing rate basis, and once the paperwork is completed, the loan can be disbursed in as little as 24 hours.
PROCESS
How to apply for Business Loan in Vizag?
Vizag-based small business owners might find it difficult to get a business loan from a bank. This could result in MSMEs missing out on growth opportunities because they don’t have the cash flows to support new orders or business requirements that come along. However, there is an easier way to get MSME loans in Vizag. Log on to the Kinara Capital website and fill out our 1-minute eligibility check to see if you qualify for a loan. If you do, a loan officer will get in touch with you to complete the process. The MSME loan process at Kinara Capital is quick, easy and requires minimal documentation.
WHY KINARA
Why should you get a business loan from Kinara Capital?
With a fully digital process, we can disburse loans within 24 hours. We have a hassle-free and transparent process to provide you support in your regional language during the entire process. Kinara Capital is an RBI registered company and we have successfully disbursed these loans to more than 90,000 MSMEs.
Frequently asked questions
VIEW ALLIs Kinara Capital a bank?
Kinara Capital is not a bank. It is a non-banking financial company (NBFC). While you can get a loan from the company, you cannot hold an account to make deposits like you can in a bank.
Which sectors are covered by MSME loans?
300+ sectors in the manufacturing, service and trading sector are eligible to apply for an MSME business loan. We provide unsecured business loans in less than 24 hours.
Is Kinara Capital registered with/regulated by the RBI?
Like all NBFCs, Kinara Capital is regulated by the Reserve Bank of India (RBI) under the Reserve Bank of India Act. The RBI recognizes Kinara Capital as a Systemically Important NBFC.
What documents are required to apply for a business loan in Vizag?
To apply for a business loan in Vizag, you will need to provide documents like photo identity proof, address proof, business proof, income proof, bank statements, and KYC documents.
What are the purposes for which I can get a business loan in Vizag via Kinara Capital?
A business loan from Kinara Capital can be used for purchasing machinery, expanding your business, buying inventory, or renovating your business premises.
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.