Kinara Capital launches the myKinara mobile application for MSMEs; provide unsecured loans, according to the company
Fintech Kinara Capital launched the myKinara mobile app to respond to unsecured loans for the MSME sector. The app comes with a 3-step process and is available on the Google Play Store, according to a PTI report. 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 for and receive unsecured business loans digitally within 24 hours (TAT), according to the report.
Women-owned MSMEs are automatically discounted through the company’s HerVikas program, without requiring a separate application.
Prompt decision making, processing and disbursements within 24 hours go a long way in meeting our clients’ demands, thus supporting their business growth, said Hardika Shah, Founder and CEO (CEO) by Kinara Capital.
Small business entrepreneurs can verify their eligibility in less than a minute without any document downloads during the first step. The company claims to have a network of 110 branches that will continue to support local MSMEs and follow the same digital process that is available on the myKinara app. Kinara Capital has 110 branches in over 90 cities in India.