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March 16, 2021
Your guide to decoding loan eligibility and requirements for MSMEs
    • March 16, 2021
    • By Team Kinara
    • < 1 mins read
    MSME Loans

    During the pandemic, cash flow and liquidity have been a concern for micro-small-and-medium enterprises (MSMEs). Therefore, the product offerings by Non-Banking Financial Companies (NBFCs) like Kinara Capital are aimed at easing cash flow for such businesses.

    MSMEs are definitely a significant part of the Indian economy. According to the Fourth All India Census of MSMEs, the number of such businesses is estimated to be about 26 million, with around 60 million people being 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 bank loans are majorly being absorbed by larger organisations, many NBFCs have begun to support smaller businesses, making it easier to obtain an MSME loan.

    It is no secret that MSME loan eligibility and document requirements are minimal, provided you are availing a loan from Kinara Capital.

    Get a collateral-free business loan in 24-hours!

    Let's take a look at some features of Kinara Capital loans:

    • Funds are disbursed quickly

    Borrowing money from a bank usually entails a lot of paperwork and a lengthy loan process. Kinara Capital, on the other hand, allows for easy disbursement of funds due to our minimal documentation requirements. As a result, you won't have to go through any lengthy loan application and can get access to capital within 24 hours if your paperwork is in place.

    • MSME loan eligibility is minimal

    Kinara Capital is flexible about the eligibility criteria. We look at an application holistically and evaluate a borrower based on more than just the credit score. Relaxed MSME loan eligibility requirements enable Kinara Capital to be more flexible 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, we are much more versatile in these considerations. This also makes it easier to get an MSME loan for a company new to formal financing.

    • Collateral and customer service

    Typically, banks/NBFCs do not approve the entire loan amount without a collateral. Kinara Capital, on the other hand, does not require any collateral. During the loan approval and post-disbursal stages, we 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 are working towards financial inclusion. 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. Our HerVikas loans are aimed at promoting women entrepreneurs. This scheme gives an upfront discount of 1% to women entrepreneurs. We use updated financial technology and provide you assistance in your regional language.

    Get your eligibility check done in just 1 minute on our website, and you will be one step closer to getting your loan and being able to finance your dream business.

    Check your eligibility in just 1-minute!

    Apply Now
    Written by
    Team Kinara
    • Tags
    • Business Loans
    • Unsecured Business Loans
    • MSME Finance
    • MSME loans