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MSME DIGITAL RENEWAL

Product Features
  • Facility Type : Cash Credit.
  • For Cash Credit Facility - Maximum MSME Exposure Amount; Rs. 10.00 Lakhs
  • Customers will be eligible to renew/reduce current existing limit exposure.
  • Tenure : Running Limit for 1 year from date of sanction.
Product Features
  • Existing Canara Bank Cash Credit/Overdraft Account Customers present in the MIS report of Digital Renewal eligible account.
  • Customer Category ➡️ Individuals and Proprietorship Firms.
  • Assessment based on GST turnover/Net Credit turnover.
Eligibility
  • PAN and Aadhaar of Borrower/Promoter must be updated in the Canara Bank account.
  • The customer must be registered on the UDYAM portal with a valid Udyam Number.
  • The customer‘s Mobile number and valid email ID must be updated in CBS.
  • Collateral Security: Nil, to be covered under Credit Guarantee Scheme (CGFMU/CGTMSE) (Applicable charges to be borne by the Borrower).


E-GST

Product Features
  • Minimun Loan- Rs 1.00 Lakhs, Maximum Loan- Rs 500.00 Lakhs
  • Lower Rate of Interest
  • GST Turnover based assessment of the loan
  • Digital Document execution based on Aadhaar OTP, wherever applicable
  • Avail without collateral security
Eligibility
  • Available for ETB/NTB customers
  • Only Individual and Proprietorship firm
  • GST return filling for last 12 months (In case of newly registered firm-6 months)
Security
  • For Loan amount upto Rs.10.00 Lakh – NIL
  • For Loan amount Above Rs.10.00 Lakh to Rs.25.00 Lakh -100% Collateral in the Form of Land and Building or any other approved security as per Bank Policy /Full CGTMSE coverage/Hybrid CGTMSE
  • For Loan amount Above Rs.25.00 Lakh – Minimum 75% Collateral in the Form of Land and Building or any other approved security as per Bank Policy


CANARA e-Mudra

Product Features
  • Hassle free need based Term Loan/Working Capital/Both
  • Minimun Loan- Rs 10,000/-, Maximum Loan- Rs 10.00 Lakhs
  • Lower Rate of Interest
  • GST Turnover/Credit Turnover based assessment of the loan
  • Minimal Documentation
  • Digital Document execution based on Aadhaar OTP, wherever applicable
  • Avail without collateral security
Eligibility
  • Available for ETB/NTB customers
  • Only Individual and Proprietorship firm
  • TL is repayable in maximum of 7 years (repayment holiday up to 3 months permitted)
Security & Charges
Security
  • No collateral security, to be covered under Credit Guarantee Scheme (CGFMU) (Applicable charges to be borne by the Borrower)
Charges
  • All charges are as per bank extant guidelines


CANARA e-Udyam

Product Features
  • Digital business loan solution tailored for MSMEs
  • Avail Term Loan/Working Capital or Both
  • Minimum Loan- Rs 1.00 Lakhs, Maximum Loan- Rs 25.00 Lakh
  • Lower Rate of Interest
  • Cash Flow based assessment for faster approval
  • Minimal Documentation
  • Digital Document execution based on Aadhaar OTP, wherever applicable
  • Avail with/without collateral security
Eligibility
  • Available for ETB/NTB customers
  • Only Individual and Proprietorship firm
  • Active current account of minimum vintage of 12 months
  • TL is repayable in maximum of 7 years (repayment holiday up to 6 months permitted)
Security & Charges
Security
  • No collateral security upto Rs 10.00 Lakhs {to be covered under CGFMU (Applicable charges to be borne by the Borrower)}
  • Loan Amount Above Rs 10.00 Lakhs- Collateral/CGTMSE/Hybrid CGTMSE
Charges
  • All charges are applicable as per bank extant guidelines.
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