Grow fast with Business loans from us!
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%
Why choose Kinara Capital?
Get MSME loans from ₹1 lakh to ₹30 lakhs with a digital-first process in your preferred language.
Fast
Flexible
Minimal and flexible documentation process
Friendly
Doorstep customer service to help you from start to finish
Business Loan EMI Calculator
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!
SIMPLE STEPS
How to apply for business loan?
More about business loan
BUSINESS LOAN
What is a business loan?
Kinara Capital has stepped in to bridge this credit gap by providing fast, flexible and collateral-free loans to small business entrepreneurs. 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.
ELIGIBLITY CRITERIA
Eligibility Criteria for a business loan
- 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.
BENEFITS
Benefits of Business Loans
•They allow entrepreneurs to access the capital they need to expand their business, without worrying about falling short of funds.
• They facilitate making the most of business opportunities as they arise, like servicing large orders.
• Online loans from Kinara Capital have a very short turnaround time, and can help small business owners when they need capital in short order.
WHY KINARA
Why should you Get a Business Loan from Kinara Capital?
Business Loan
When should you opt for a business loan?
- To buy/upgrade machinery: Whether it is investing in new expensive machinery to increase your production output, or to upgrade existing machinery, you need capital to grow your business. These are major investments that call for capital, and a business loan from Kinara Capital can be the perfect solution.
- To cover day-to-day expenses: A working capital business loan from Kinara Capital can help you take care of your everyday business expenses, so that you can focus on your business growth plans. You can utilize these loans for a wide range of expenses like paying bills and overheads and purchasing raw materials.
- Growing business presence: MSMEs can expand their presence by opening new outlets in different markets or improving their current manufacturing units. Kinara’s business loans can help them invest in expanding their business.
- To buy raw materials/stock: Business loans can be utilized to purchase raw materials or stock for a business. This helps the business stay on top of orders and purchases, without missing out on opportunities to turn a profit. With capital in hand, MSMEs can also make bulk purchases, which can help them reduce costs by availing discounts.
Types of Business Loan
Types of Business Loans available from Kinara Capital
Machinery Loan:
Kinara Capital offers machinery purchase loans, enabling MSMEs to acquire both new and old equipment. These loans help businesses increase productivity and improve product quality. Business owners can borrow up to ₹30 lakhs with a streamlined application process available on the myKinara app, which ensures quick disbursement, within 24 hours. The loan repayment is structured in easy installments, and the purchased machinery itself serves as collateral for the loan
Business Loan for Women (HerVikas):
The HerVikas program is a unique initiative designed to empower women entrepreneurs by providing them with access to affordable and timely business loans. The HerVikas Program offers various benefits to women-owned MSMEs, including an upfront discount of up to 1%, a 2-month repayment holiday, and a 50% reduction in processing fees. Under the program, women entrepreneurs can access collateral-free loans with flexible tenures ranging from 12 to 60 months and loan amounts between ₹1 lakh and ₹30 lakhs.
Working Capital Business Loan:
Kinara Capital offers flexible working capital business loans designed to meet the diverse needs of MSMEs. Short-term working capital business loans are ideal for businesses looking to manage immediate cash flow gaps, inventory purchases, or day-to-day operational expenses, helping them stay agile and efficient. With a collateral-free approach, Kinara ensures quick access to capital, enabling MSMEs to thrive without unnecessary delays.
PROCESS
How can I apply for a business loan from Kinara Capital?
You can apply for a it online with a 1-minute eligibility check. If eligible, a Kinara loan officer will get in touch with you as soon as possible to complete the rest of the requirements in your preferred language. Now you can also download the myKinara app and take the eligibility check on it. If you qualify, you can complete the application process using the app.
DOCUMENTS REQUIRED
Documents Requirement for a Business Loan
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
Instant Business Loans in your city
Frequently asked questions
VIEW ALLHow can I apply for a business loan from Kinara Capital?
To apply for a business loan, start by taking the 1-minute eligibility check . If you clear the business loan eligibility, you can then take the loan application forward by providing personal and business documents to complete the KYC process.
Alternatively, one of our representatives will reach out to you to help you with the rest of the process. Now you can also download the myKinara app and take the eligibility check on it. If you qualify, you can complete the application process using the app.
What are the requirements to get a business loan?
To get a business loan, your business should fit the business loan eligibility criteria: your business should be part of the manufacturing, trading, or services sector, with a monthly turnover between Rs. 50,000 and Rs. 4 crores. Manufacturing businesses should be at least 1 year old; trading companies should be 2 years old; and services businesses should be a minimum of 2 years old.
Is there any age criteria to apply for a Business Loan?
For business loan eligibility, loan applicants should be between the ages of 21 and 65.
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.
Can I get a Business Loan without collateral?
Kinara Capital offers loans without collateral. This means that you will not have to provide any collateral when availing of a loan. In the case of Machinery Loans, the machinery you buy with the loan amount will be hypothecated.
How can I speed up my business loan approval process?
Have all your documents in order and make sure you complete the application process correctly with accurate information to speed up processing and approval.
What is an MSME business loan?
An MSME business loan is financing extended to a small business for operational needs. The loans can be used to purchase machinery or for working capital expenses to ensure smooth functioning and growth.
What is the typical loan approval time at Kinara
With Kinara’s end-to-end digital application process, Kinara has a 24-hour turnaround time from loan approval to disbursal.
What are my options to repay a Business Loan?
You can repay your business loan through easy EMIs using Kinara Capital’s customer portal.
How does a Business Loan affect taxes?
Only the interest paid on the loan can be claimed as a tax-deductible expense, reducing taxable income. However, principal repayments are not tax-deductible.
Who Can Take a Business Loan?
MSMEs in the manufacturing, trading and services sectors are eligible to apply for a business loan. You can check your eligibility in just 1-minute by downloading the myKinara App.
How do I know the status of my Business Loan application?
If you are approved for Kinara’s business loans, you will be updated on your registered mobile number.
How can I qualify my business for an instant business loan?
Having your business finances in order, as well as all your documents and information in order, is the best way to qualify your business for an instant business loan.
Is there any restriction on the end use of my business loan?
Business loans are meant to be invested in business-related expenses only. They cannot be used for personal financing requirements.
What is the minimum turnover requirement for a business loan?
The minimum turnover required to apply for a business loan from Kinara Capital is Rs. 50,000.
What is the minimum loan amount for business?
The minimum loan amount Kinara Capital provides for business loans is Rs. 1 lakh.
What is the tenure for an instant business loan?
The tenure of a business loan will vary depending on several factors including the type of loan and loan amount.
How does a business loan affect my credit score?
If you stay on track with EMI payments and avoid default, a business loan can improve your credit score.
When should you take a business loan?
You should take a business loan when the need for financing arises, either to implement growth plans or to fund day-to-day business expenses. Before you apply, make sure that you will be able to service the loan by checking the EMI amount using a calculator.
