Unsecured MSME Loans/SME Loan for Small Businesses

Minimal and flexible documentation process

Doorstep customer service to help you from start to finish

• Your business should be part of the manufacturing, trading or services sector.
• The pin code should be one of 4,500+ 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.
• Your business must be 2+ years old.

Traditional lenders like banks have a long and tedious application process and require extensive documentation for issuing an MSME loan. This is largely because such lenders are risk-averse and consider small businesses to be high-risk borrowers who are more likely to default. This is even more so the case when it comes to unsecured loans, or loans which don’t require any collateral. Kinara Capital on the other hand, has proprietary data-led back-end processes to determine creditworthiness, and can therefore offer a quick and simple loan process requiring minimal documentation.

Kinara Capital has a quick MSME business loan process. After the initial application process and approval, a loan can be disbursed within just 24-hours. You can get started with an MSME loan eligibility check on our website. If you are eligible, a Kinara Loan Officer will be in touch for the rest of the process. Once your application is verified and approved, your small business loan will be disbursed.

Our documentation process is flexible and allows for the substitution of certain documents with others, subject to availability. Now you can also download the myKinara app and take the eligibility check on it. If you qualify, you can  application process using the app.

To purchase machinery: MSMEs can use Kinara’s Machinery Purchase Loans to buy new or used machinery. This can help the business scale up its production, improve product quality as well as speed up the delivery. This, in turn, can help the business owners to get market opportunities and take on bigger orders to fuel business growth.

To buy inventory or raw materials: Kinara’s MSME 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 make profit. With capital in hand, MSMEs can also make bulk purchases, which can help them reduce costs by availing discounts.

To expand product portfolio: MSMEs can use business loans from Kinara to add new products to their portfolio. Creating and marketing a new product typically requires a substantial investment, which most MSMEs can find difficult to source, given their limited liquidity and resources. With an MSME loan, they can finance the expansion of their product portfolio and get new opportunities.

Growing business presence: MSMEs can also expand their geographical presence by opening up new outlets in different markets or improving their premises and production units. Kinara’s MSME loans can help them invest in these endeavours, growing their presence in the market and attracting more business.

Covering day-to-day costs: Small businesses can avail of working capital business loans from Kinara to cover their regular business expenses like paying employee salaries and utility bills. This can help the business owners redirect focus and finances towards growth plans while operations continue uninterrupted.

1. Check eligibility requirements on myKinara App
   You can check your eligibility for a business loan from Kinara Capital in just 1-minute through the multilingual myKinara App.
   
2. Have financial documents ready
   Kinara Capital requires minimal documentation, but it’s best to have the necessary paperwork ready. This includes KYC documents (like PAN card), business KYC documents (Udyam registration), and recent bank statements for the last 12 months.
   
3. Understand the terms and conditions
   Kinara representatives will guide you through every step of the loan process and resolve any queries you have. Make sure you thoroughly understand the details and terms and conditions of the msme loan before you complete your application.
   
4. Check your EMI amount
   Use Kinara Capital’s EMI calculator to estimate monthly payments based on the loan amount, tenure, and interest rate. Knowing your EMI commitment in advance helps in budgeting and ensures manageable repayments.
   
5. Don’t give incomplete or inaccurate information
   Ensure all the details you provide are correct and complete, as errors can lead to delays or rejections. Double-check key information, such as the business’s official name, registered address, and financial figures, and ask a Kinara representative if you have any questions.
6. Don’t apply for multiple loans simultaneously
   Multiple loan applications can lower your credit score and give lenders the impression that your business is struggling financially. Kinara Capital is a one-stop solution for your msme loan needs.

Kinara Capital offers an EMI calculator, which MSME entrepreneurs can use to simplify the calculation process and evaluate different loan options instantly. Kinara’s MSME Loan EMI calculator instantly provides borrowers with accurate repayment estimates based on their loan details.