Canara MSME Star MSME Star
Canara Bank's general term loan and overdraft above ₹10 lakh for MSMEs that can give property or approved securities as full collateral.
Last updated on
- Status
- Open
- Run by
- Canara Bank
What you get
- Loans above ₹10 lakh, with no top limit stated on the page
- Term loan and secured overdraft, including non-fund based facilities
- Term loans up to 10 years, including moratorium
- Margin of 20% on loans and 15% on non-fund based facilities
Who can apply
- Open to businesses in manufacturing, services and trading.
- Micro, small and medium enterprises.
- Collateral in property or approved securities of at least 100% of the loan
- Individuals, firms, companies other than NBFCs, traders, professionals, LLPs and proprietary firms
How to apply
- Use Apply Online on the scheme page, or fill in the NF998 MSME application at a branch
In person, nearest Canara Bank branch
In Kerala, any Canara Bank branch in Kerala, or the Apply Online link on the scheme page
Documents to keep ready
- Identity proof with the NF998 MSME application
- Address proof for the unit and the promoters
- Licences or permissions
- Accounts for the last 3 years with income tax returns, and projections
- Guarantor details with proof of assets
- Stock statement
Where we found this
- Canara MSME Star (external site) Official
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.