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Canara Bank

DOCTOR’s CHOICE

Bank Canara Bank
Scheme DOCTOR’s CHOICE
Description For meeting term loan and/or working capital requirements of the applicant,
Eligibility a. All qualified registered medical practitioners in any branch of medical sciences like Allopathy, Dental, Ayurvedic, Unani, and Homeopathy having practical experience of carrying on the business.

b. Individuals/Proprietorship/Partner-ship/Companies/Trust

Rate of Interest & Repayment Rate of interest as per prevailing guidelines of the Bank linked to RLLR of the Bank, subject to changes from time to time.

Repayment: TL-Maximum – 7 years

WC – Tenability 2 yearssubject to annual review

Collateral a. Mortgage of land and building for acquisition/construction of which term loan is granted, subject to ensuring mortgageability of the property.

b. Hypothecation of equipment’s for which term loan is granted.

c. Hypothecation of stocks of medicines, consumables in case of working capital (OCC).

d. Up to Rs100 lakh, eligible loans shall be covered under CGTMSE, otherwise suitable security in the form of immovable property / approved securities not be less than 100% of the loan amount shall be insisted.

e. Agriculture land, Immovable property/ies standing in the name of Hindu Undivided Family who are proprietor/partner(s) in the borrowing unit, Properties which are tenanted, Properties in the name of the directors and their close relatives in the case the borrower is a Public Limited Company are not be taken as security.

Composite /loan Limit Depending on the requirement as per the project report/assessment as per prevailing guidelines, subject to a MAXIMUM OF RS.5 CRORES

Sub limit for working capital 20% of the maximum limit subject to a ceiling of Rs.50 lakhs
Margin  Upto Rs 25000- NIL Above Rs 25000:

a. Term loan for construction of business premises including resident doctors quarters-25%

b. Term Loan for equipments -20%

c. Working capital-20%

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Canara Bank

CANARA CONTRACTOR

Bank Canara Bank
Scheme CANARA CONTRACTOR
Description To provide working capital assistance (fund based/non fund based) in the form of running limit (Secured OD), FLC/ILC & BG for working capital needs and Term Loan for purchase of brand new equipment/office premises to the existing and prospective contractors/sub-contractors
Eligibility MSME (service units) engaged in contractor/sub-contractor activity and falling within the meaning of Micro, Small & Medium Enterprises as defined in MSMED Act, 2006.

Type of Contractors: Civil, Mining, Electrical, Mechanical and Construction Contractors and sub-contractors

Rate of Interest & Repayment RoI: As per prevailing guidelines of the Bank linked to RLLR of the Bank subject to change from time to time Concession ranging from 0.50% to 0.75% as per the ROI scoring norms devised for this scheme

 

Repayment: WC: Tenability : 12 Months

TL : 5 years inclusive of holiday period if availed for the purpose other than construction.

TL :7 years inclusive of holiday period if availed for the purpose of construction/construction and purchase of equipments.

Collateral Mortgage of immovable property by way of land and building (business/residential building) situated in Semi-Urban/Urban/Metro Centres.
Composite /loan Limit Above Rs. 10 Lakhs upto a Maximum of Rs.10 crores.

Term Loan to the maximum of Rs.5 Crores is permissible.

Margin  
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Canara Bank

MSE VIJETA

Bank Canara Bank
Scheme MSE VIJETA
Description To meet business related needs including purchase/ construction of business premises, machinery, equipments, vehicles and working capital requirements of WOMEN under Micro and Small Enterprises including Retail Traders.
Eligibility Individuals, Proprietorship concern, Partnership firm, LLP, Corporate bodies (In case of Partnership Firm, the majority of partners should be women and in case of Companies the management should be controlled by the Women).
Rate of Interest & Repayment Rate of Interest: As per prevailing guidelines of the Bank linked to RLLR of the Bank subject to changes from time to time

Repayment: Maximum 84 months including suitable moratorium WC – Tenability of 2 years subject to annual review

Collateral ·        Up to Rs 2 Crore to be covered under CGTMSE at the option of the borrower else Equitable Mortgage of Title Deeds (EMT) of property to the extent of 60% of the loan amount.
Composite /loan Limit Above Rs. 10.00 lakhs and upto Rs. 2.00 Crores
Margin  20%
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Canara Bank

CANARA CARAVAN

Bank Canara Bank
Scheme CANARA CARAVAN
Description To finance new vehicles ( Small, Light, Medium, Heavy Commercial Vehicles, Passenger vehicle) E.g Trucks/Tankers/Trailers /Tippers/Buses/Luxury Buses and passenger vehicles etc.
Eligibility Ø Individuals /Firms /Companies /Trusts/ Institutions /Associations

Ø Existing transport operators (Goods or passenger) having experience of 3 years or more in the line of transport operator business.

Ø Requirement of minimum 5 new vehicles or minimum loan amount of Rs.25.00 lakhs.

Ø Transport operators holding national/state route permit and other necessary permits/license/approvals

Ø Income tax assessee ( Personal & Business)

Rate of Interest & Repayment Rate of interest as per prevailing guidelines of the Bank linked to RLLR of the Bank, subject to changes from time to time

Repayment: Maximum 60 months (Inclusive of Holiday Period)

Collateral ·        1. Up to Rs.1.00 crore : Min 25% collateral security by way of land and building or CGTMSE cover.

·         2. Above Rs.1.00 crore : Min 25% collateral security by way of land and building.

Composite /loan Limit Minimum Rs.25.00 lakhs Maximum Rs.5.00 Crores
Margin Margins are linked to the scores
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Canara Bank

CANARA TRADE

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
  • Hypothecation: Stocks and/or book debts (not more than 90 days) acceptable to the bank
  • Mortgage of immovable property whose value is not less than:
  • 100% of the limit in case of secured OD limits upto Rs.10 lakhs.
  • 133% of the limit in case of secured OD limits of over Rs.10 lakhs and exclusive term loans.
  • 133% of the combined limit where secured OD limit and term loan are permitted.
  • 200% of the limit in case of commission agents.
  • Personal guarantee of partners, promoter directors and owner of the immovable property.
  • Immovable property in the name of the borrowing unit, proprietor, partner(s), director(s) of the private limited company are accepted.
  • Agriculture land, tenanted premises (other than those to PSUs, PSBs, MNCs), properties prohibited by statutory authority are not acceptable.
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.
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Canara Bank

MSME VAHAN

Bank Canara Bank
Scheme MSME VAHAN
Description For purchase of brand new vehicles as business assets/ business purpose only. (Two wheelers, Passenger cars/vans/Jeeps) Goods carriers are not eligible to be purchased under this scheme.
Eligibility Existing and new customers under MSME – Mfg. and Services including Retail Traders
Rate of Interest & Repayment Competitive rate of interest, which is linked to RLLR as per extant guidelines

Repayment:

Two Wheelers: Maximum 60 EMIs

Four Wheelers : Maximum 84 EMIs

Collateral ·        Collateral: Continuation of existing collateral security for existing borrowers for loan amount above Rs.10 Lakhs or CGTMSE Coverage.
Composite /loan Limit 90% of the “On Road Cost” with a maximum of Rs. 25.00 lakhs
Margin 10% on “On Road Cost”
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Canara Bank

CANARA MSME CAP

Bank Canara Bank
Scheme CANARA MSME CAP
Description To provide credit for business requirement of MSME borrowers against the security of unencumbered Land and Building and / or approved financial securities belonging to the unit or promoters of the unit or close relatives of the promoters.
Eligibility a) Individuals/Partnership firm (other than partnership firms where HUF is a partner)/ company (excluding NBFC)/ Traders/ Businessmen/ professionals or self-employed persons/ proprietary firms.

b) Loan against mortgage of Land and Building (Land alone will not be considered) located in Metro, Urban, Semi-Urban, properties located in select rural areas and properties allotted by Govt Authorities/Semi Govt. Authorities, Agencies like Industrial Development Authority, Small Scale Development Authority, Special Economic Zones (SEZs) like Textile Parks etc., irrespective of location & authorized by State/Central Government either leasehold/freehold are also eligible.

c) The Scheme shall be applicable for accounts risk rated up to moderate risk only.

Rate of Interest & Repayment Rate of interest as per prevailing guidelines of the Bank linked to RLLR of the Bank, subject to changes from time to time.

Repayment:

TL -7 to 10 years inclusive of repayment holiday.

WC-Tenable for One year

Collateral  1. Mortgage of immovable properties with value of 100% to 150% of the loan amount depending upon the location.

2. Agricultural Properties should not be taken as security under this scheme.

3. Vacant land shall not be accepted as security.

4. Select Rural properties shall also be accepted as securities subject to conditions.

5. Properties allotted by Govt Authorities/Semi Govt. Authorities, Agencies like Industrial Development Authority, Small Scale Development Authority, Special Economic Zones (SEZs) like Textile Parks etc., irrespective of location & authorized by State/Central Government either leasehold/freehold are also eligible to be considered subject to conditions

Composite /loan Limit 1. Manufacturing Units: Rs.10 Crores.

2. Service Units : Rs.5 Crores.

Subject to the Minimum loan amount of Rs.10 lakhs.

Margin 20-25% depending upon type of loan
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