Bank | Canara Bank |
Scheme | CANARA TRADE |
Description | For working capital in the form of secured OD and term loan |
Eligibility | 1. Existing and new clients whose track record is good
2. Units whose borrowal accounts are proposed to be taken over from other banks subject to complying with takeover norms of the Bank. |
Rate of Interest & Repayment | RoI: MCLR+2.55%
TL- Maximum of Seven years WC-Tenability -2 yrs subject to annual review |
Collateral |
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Composite /loan Limit | Maximum limit: Rs.10 Crores (fund based or non fund based or both) |
Margin | 25% margin in case of term loans. For construction, Margin -40% 10% margin on stock and book debts in case of Secured OD of over Rs.50 lakhs. |
Detail Link | View Link |