Kinara Capital Launches myKinara Mobile App for MSMEs; to prvide collateral-free loans, says company

Fintech Kinara Capital has launched myKinara mobile app to cater to unsecured loans for the MSME sector. The app comes with a 3-step process and is available on Google Play Store, a PTI report said. The myKinara app is available in multiple languages including, English, Tamil, Hindi, Telugu, Kannada, Marathi and Gujarati. 

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Small businesses and entrepreneurs will be able to apply and receive collateral-free business loans digitally within 24-hours turnaround time (TAT), the report said.

Women-owned MSMEs qualify for an automatic discount under the company's HerVikasprogramme, without requiring any separate application. 

Fast decisioning, processing, and disbursements in a span of 24 hours goes a long way in meeting the demands of our customers, thereby supporting their business growth, said Hardika Shah, Founder and Chief Executive Officer (CEO) of Kinara Capital.

Small business entrepreneurs can check their eligibility in under 1-minute without any document uploads in the first step. The company claims to have a network of 110 branches which will continue to help local MSMEs and follow the same digital process as available on the myKinara app. Kinara Capital has 110 branches across 90+ cities in India.