Unsecured Working Capital Business Loan in24-hours
Collateral-free business loans to ensure the smooth running of your operations and cover various day-to-day expenses.
RBI registered company
Tenure
12 to 60 months
Interest Rate
Starts at 24%
Amount
₹ 1 Lakh- ₹ 30 Lakhs
Finance for Regular
Business Expenses
Fast loans with an even faster process make it possible for customers to access Rs. 50,000 to Rs. 2 lakhs to cover business expenses quickly, from refreshing inventory to processing a large order. The short tenure of 6-12 months makes this collateral-free loan a perfect product for servicing immediate financing needs.
Tenure
12 to 60 months
Interest Rate
Starts at 24%
Loan Amount
₹50,000 - ₹2 lakhs
Fast Processing
Instant Business Loan
Grow your business with our support
Stock Purchase
Business Premises Renovation
General Business Expenses
Invoice Financing
Purchase Order Financing
Product & Market Expansion
Why choose Kinara Capital?
Kinara Capital offers easily accessible Working Capital Business Loans with 24-hour disbursal to ensure that your operations can continue uninterrupted.
Fast
Flexible
Minimal and flexible documentation process
Friendly
Doorstep customer service to help you from start to finish
Find out your EMI amount in seconds with Kinara’s Machinery loan EMI calculator!
Business Loans for all MSMEs
We provide collateral-free business
loans to MSMEs across all sectors.
Manufacturing
Trading
Services
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More about Working Capital Business Loan
BENEFITS
Benefits of Working Capital Business Loan
• Working capital business loans can be availed of by small business owners to finance the everyday operations of their business, without the need for collateral.
• They can help business owners maintain healthy cash flows and cover a company's everyday operational needs, like paying wages, product expansion, rent, purchasing inventory, and myriad other expenses.
• These loans can help business owners expand and improve their businesses, as well as seize new business opportunities by funding necessities like the timely purchase of raw materials.
ELIGIBLITY CRITERIA
Eligibility Criteria for a Working Capital Business Loan
• Your business should be an MSME operating in the manufacturing, trading, or services sector.
• The business should be in operation for more than 2 years at the time of application.
• The total monthly turnover should be greater than Rs. 50,000 and less than Rs. 2 crores.
• The business should be a sole proprietorship, partnership or private limited company.
• Both an applicant and co-applicant are needed in order to apply for a loan.
• The applicant should be between the ages of 25 and 65 to be eligible.
• For a short-term working capital loan, you must be an existing Kinara Capital customer to apply..
WHY KINARA
Why should you get a Working Capital Business Loan from Kinara Capital?
Kinara offers two categories of working capital business loans: long-term and short-term. If you apply for a long-term working capital business loan from Kinara, you can avail of a loan of Rs. 1-30 lakhs through an easy online application, minimal documentation, and no collateral requirement. The loans are disbursed within 24 hours after approval, and the tenure ranges from 12 months to 60 months. These loans can be utilized to cover an extensive range of expenses, from paying utility bills to expanding your business.
FEATURES
Features of Kinara Capital Working Capital Business Loan
• Collateral-free
Kinara’s working capital business loans don’t require any collateral.
• Quick and easy access
The online loan application process is quick and easy, and can be completed either by the customer, or with the help of a Kinara representative.
• 24-hour disbursement
Once the application process is completed, the loan can be disbursed in as little as 24 hours.
• Flexible working capital
The loan for working capital can be used to cover a gamut of business expenses, from paying salaries to expanding the product portfolio.
INTEREST RATES
Working Capital Business Loan Interest Rates
DOCUMENTS REQUIRED
Documents required for a Working Capital Business Loan
To apply for a working capital business loan from Kinara Capital, you will need the following documents:
• Applicant’s KYC document (PAN card)
• Co-applicant’s KYC document (PAN and Aadhaar are recommended, but not mandatory)
• Business KYC document (Udyam registration, etc.)
• Last 12 months’ bank statements
• GST and ITR documents are optional
PROCESS
How to Apply for Kinara Capital Working Capital Business Loan?
You can start the application process to avail of a working capital loan from Kinara by taking a 1-minute eligibility check on the website or by downloading the myKinara app on your smartphone.
If you’re eligible, you can take the application process forward by adding your details and uploading the necessary documents. Alternatively, you can request for a Kinara loan officer to get in touch with you as soon as possible to help you complete the rest of the application process in your preferred language.
Frequently asked questions
VIEW ALLAre working capital business loans a good idea?
Working capital business loans are great for small business entrepreneurs who need capital to cover the day-to-day expenses of their company. If utilized well, a working capital loan can help redirect the business revenue towards other important goals like expansion and adding to the product portfolio.
This category of loan is a very good idea for MSME owners looking to facilitate the smooth running of their business, or business expansion. Maintaining positive working capital is beneficial for the health of your business, as well as ensuring the smooth running of day-to-day operations without the stress of capital shortage.
Why does a business need a working capital business loan?
Businesses can need working capital business loans either to tide over unexpected expenses and immediate obligations, or to fund business development plans like adding a product to their portfolio or opening an outlet at a new location.
MSMEs can experience a cash crunch while waiting for payments or if the business is cyclical, and taking a loan for working capital can help such businesses maintain financial stability. These loans can ensure steady cash flow, allowing you to meet all your obligations in a timely manner.
How is working capital business loan repaid?
A Kinara working capital business loan can be repaid in easy EMIs. You will receive a monthly reminder when your EMI is due, so that you do not miss out on any payments. You can use one of the 400+ payment platforms that we have tied up with to make your payments in a secure and easy way.
What are the 4 main components of working capital?
The four main components of working capital are cash and cash equivalents, accounts receivable, inventory, and accounts payable.
