Bengaluru-based fintech lender Kinara Capital has launched a Short-Term Working Capital loan option for its existing MSME customers across India in a bid to fulfill their immediate business needs. With a tenor of 6 to 12 months, this particular loan will be available in the range of Rs 50,000 and Rs 200,000 with rapid turnaround (TAT) and at lower processing fees. It is designed to support the quick business growth needs of the MSMEs and is accessible via the vernacular-friendly myKinara app. Meanwhile, under Kinara’s HerVikas program, the MSME women entrepreneurs are eligible to receive an upfront discount on these Short-Term Working Capital loans.
