Term Loan Scheme for Exporters in Micro, Small and Medium Sectors- CANARA MSME EXPO

• Export customers under micro, small and medium sector having regular credit limits and having satisfactory track record with the Bank for at least past three years (under sole banking/multiple banking arrangements/consortium arrangements)
• Accounts which are risk rated, the Credit Risk Rating (CRR) up to Moderate Risk and which are classified as standard assets.
• Minimum export turnover of Rs.100 lacs during the immediate preceding year.

• Customer Identification proof along with NF998 MSME application.
• Address Proof of unit and promoters.
• License/permissions.
• Financial papers for the last 3 years with ITR and projections.
• Details of Guarantor with proof of assets.
• Stock Statement.

As applicable for term loans under Micro, Small and Medium Enterprises.

• RLLR Linked Interest Rates on Loans under MSME Lending
• Service Charges

• Penal interest of 0.25%/0.50% may be chargeable as the case may be, from previous sanction to current renewal period, in case of lesser turnover routed through the account.
• Agree to pay penal interest at 2% for overdrawn portion, in case of delayed regularization of the limit.