
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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