Kinara Capital launches unsecured short-term working capital loan

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Capital Kinara today launched the short-term working capital loan option for its current MSME clients. Available in the range of Rs 50,000 to Rs 2 Lakhs with fast turnaround time (TAT) and low processing fees, the short term working capital loan will have a tenure of 6-12 months to give to MSMEs the ability to respond to sudden business needs.

“By offering a faster, short-term working capital lending option to manage sudden business expenses, Kinara Capital gives MSMEs the leverage that can instantly dictate their bottom line. We’re always looking for new ways to support our clients, and we’ve made that process even easier with one-click application and digital disbursement from our myKinara app,” said Hardika Shah, Founder and CEO, Kinara Capital.

Accessible through the myKinara app, the short-term working capital loan aims to support the fast-growing business needs of MSMEs. The myKinara app available on the Google Play Store puts the power within reach of small business entrepreneurs to securely request and receive collateral-free commercial loan disbursements. In addition, female MSME entrepreneurs will be eligible to receive an initial discount on short-term working capital loans under Kinara’s HerVikas program.

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Serving over 300 MSME sub-sectors, Capital Kinara offers collateral free loans to MSMEs in over 3000 PINs across Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Gujarat and Maharashtra.

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