CBOA - Canara Bank Officers' Association
CBOA - Canara Bank Officers' Association
June 15, 2025 at 01:53 PM
*BANKING TITBITS:#657* *IC/442/2025 -Canara e-Udyam-Gist* *Quantum:* Rs.1.00 lakh to Rs.25.00 lakhs *Margin:* *Term Loan Upto Rs.10 lakh:* 15% *Term Loan > Rs.10 lakh* 25% *Working Capital*- 25% where stocks are held as prime security 40%-where book debts are held as prime security *Tenor:* *Working Capital:* Tenable for one year from the date of sanction *Term Loan:* A maximum of 7 years including moratorium up to maximum of 6 months. External Due Diligence Report from empanelled agencies is not mandatory for MSE units who approach our Bank for the first time seeking loan of above Rs. 10 lakhs & are eligible to be covered under CGTMSE as due diligence measures are implemented in Customer journey of MSME Loans. *Team CBOA COIMBATORE* (For Educative Purpose & Internal Circulation only, please follow https://tinyurl.com/cboaofficialwhatsappchannel for daily updates)
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