Your Guide to Decoding Loan Eligibility & Requirements for MSMEs

April 3, 2023
Updated on

During the pandemic, cash flow and liquidity have been major concerns for micro-small-and-medium enterprises (MSMEs). The product offerings by Non-Banking Financial Companies (NBFCs) are therefore aimed at easing cash flows for MSMEs.

MSMEs are a significant part of the Indian economy. According to the Fourth India Census of MSMEs, the number of such businesses is about 26 million, with around 60 million people employed by them. In addition, the MSME sector accounts for roughly 45% of total manufacturing production and nearly 40% of exports of the country.

Since larger organisations are the primary recipient of bank loans, we at Kinara Capital have stepped in to fill the gap by supporting small businesses, making it easier to obtain an MSME loan.

As an added advantage, MSME loan eligibility and document requirements with us are minimal, provided you have cleared their eligibility criteria.

Grow your MSME with collateral-free business loans

Let’s have a look at some features of Kinara Capital:

Funds are disbursed quickly

Borrowing money from a bank usually entails a lot of paperwork and a tedious loan process, which can take a long time. At Kinara Capital, on the other hand, allow for easy disbursement of funds due to their minimal documentation requirements. As a result, you won’t have to go through any lengthy loan terms or screening procedures, and you’ll be able to get funds with 24-hours!

MSME loan eligibility is minimal

We look at an application holistically by assessing a loan application beyond the credit score. Relaxed MSME loan eligibility requirements enable us to be more lenient in loan approval, making the process simpler and quicker. Although all types of lenders consider factors such as credit score, existing debts, annual revenue, and so on, Kinara is much more versatile in these considerations, making it easier for MSMEs to get a loan. 

Loan amount and customer service

Some lenders do not approve the entire loan amount. Instead, they only authorise a portion of the loan amount. We approve the entire loan amount without imposing restrictive covenants. During the loan approval and post-disbursal stages, Kinara provide greater customer care to their consumers. Borrowers can check the status of their loans and set up reminders for when their payments are due.

We at Kinara Capital aim to promote financial inclusivity. We want you to grow your business and dreams with us. With various loan products like working capital loans and asset purchase loans, we have customised our offerings for your specific needs. 

Our HerVikas loans are aimed at supporting women entrepreneurs. This scheme provides an upfront discount of up to 1% to women entrepreneurs. We also use cutting-edge financial technology to approve and process loans, and provide assistance in your regional language.

Get your eligibility check done on our website now, and get one step closer to getting your loan and financing your dream business.

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