What is Kinara Capital, and what does it do?
Kinara Capital is a FinTech lending company that provides collateral-free business loans to micro-small-medium enterprises (MSMEs). Kinara is dedicated to driving financial inclusion for small business entrepreneurs by providing them with quick and easy access to credit, to help them grow their businesses.
Is 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. NBFCs are RBI-regulated entities that follow industry best practices when lending, and bridge the credit gap left by traditional lenders like banks by providing loans to last-mile borrowers.
What is an NBFC and how does it differ from a bank?
NBFCs provide similar services as a bank, but don’t hold a banking license. While both are financial companies, NBFCs can’t accept deposits from customers, and only perform lending functions. NBFCs typically have more flexible loan eligibility criteria than banks, and in Kinara’s case, minimal paperwork is involved in the application process, and the turnaround time is just 24 hours, compared to weeks or even months in the case of banks.
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. It follows the regulations and best practices mandated by the RBI, and is, therefore, a completely secure lender. The RBI recognizes Kinara Capital as a Systemically Important NBFC.
Who can apply for a loan from Kinara Capital?
Kinara Capital works in the micro-small-medium enterprises (MSMEs) segment, lending to small business owners across the manufacturing, trading, and servicing industries. Any small business entrepreneur engaged in these businesses can approach Kinara for a loan, after confirming their eligibility with a 1-minute check.
Can I get a home loan, car loan or personal loan from Kinara Capital?
No. Kinara Capital only provides business loans for small businesses.
What are the eligibility criteria for being approved for a loan?
The eligibility for our loans varies from product to product and is based on multiple factors, including the age and turnover of your business. You can check if you are eligible for a loan by filling out the “Eligibility Check” (link) page.