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Canara Bank


Bank Canara Bank
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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