Category: Canara Bank

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

Repayment: TL-Maximum – 7 years

WC – Tenability 2 yearssubject to annual review

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.

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

b. Term Loan for equipments -20%

c. Working capital-20%

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

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.

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

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

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)

Repayment: Maximum 60 months (Inclusive of Holiday Period)

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

2. Units whose borrowal accounts are proposed to be taken over from other banks subject to complying with takeover norms of the Bank.

TL- Maximum of Seven years

WC-Tenability -2 yrs subject to annual review

• 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.

Repayment:

Two Wheelers: Maximum 60 EMIs

Four Wheelers : Maximum 84 EMIs

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.

Repayment:

TL -7 to 10 years inclusive of repayment holiday.

WC-Tenable for One year

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

2. Service Units : Rs.5 Crores.

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