Canara Bank Business Loan – Interest Rates, Eligibility
Canara Bank Business Loan: Check ✓ Interest Rates ✓ Documents ✓ Age ✓ Repayment Options ✓ Loan Amount ✓ Process ✓ Application Status ✓ Eligibility ✓ Processing Fees at Deal4loans.
Canara Bank Business Loan Details
| Interest Rate | 11.05% p.a – 16.50% p.a |
| Loan Amount | Rs. 50,000 – Rs. 10,00,00,000 |
| Tenure | 7 years |
| Processing Fee | 1% of the loan amount |
Canara Bank Business Loan Eligibility Criteria:
The list of candidates suitable to apply for Canara Bank Business Loan is given below:
Individuals
Proprietorship
Partnership
Limited Companies
Canara Bank Business Loan Interest Rates
| Sl No |
Scheme Name | Rate of Interest | |
| 1 | Canara Trade | 8.50% + 2.55% | |
| 2 | Canara MSE Pragati | 8.50% + 1.55% | |
| Note:
Applicable Liquidity premium is to be loaded in case of loans repayable above 1 year |
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| 4 | Canara MSE Unnati | MCLR + 1.55 | |
| Note:
1. Applicable Liquidity premium is to be loaded in case of loans repayable above 1 year 2. Interest concessions as under may be extended subject to ultimate rate of interest not falling below respective MCLR. a) 0.50% on loans/ advances to Women Entrepreneurs b) 0.25% on loans/advances covered under CGMSE |
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| 5 | Canara MSE Smart | ||
| Upto 50 Lakhs | |||
| Low and Normal Risk | 8.50% + 1.55 | ||
| Moderate Risk | 8.50% + 1.80 | ||
| Above 50 Lakhs | |||
| Low and Normal Risk | 8.50% + 1.80 | ||
| Moderate Risk | 8.50% + 2.05 | ||
| Note :
1. Applicable Liquidity premium is to be loaded in case of loans repayable above 1 year 2. The following Interest concessions shall be extended subject to ultimate rate of interest not falling below respective MCLR. a) 0.50% concession to Women beneficiaries b) 0.25% concession to CGMSE covered accounts |
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Canara Bank Business Loan Application Form
The loan application form varies depending upon the quantum of loan applied for under MSME. The application form is available at the nearest branch office. The executive will give the form as per the amount the candidate is applying for.
