How can apply Canara Bank Mudra Loan online 2022

Canara Bank Mudra loan is offered at interest rates based on the guidelines of prevailing MSME loans. Besides offering credit or funding facilities, it also offers Mudra loans to individuals, business owners, Micro, Small, and Medium Enterprises (MSMEs), and other business entities engaged in the services, manufacturing, and services sectors. Collateral-free Mudra loans are offered for loan amount up to Rs. 10 lakh with repayment tenure of 5 years.

Eligibility Criteria

  • Minimum age should be above 18 years and the maximum up to 65 years
  • Good repayment capacity with no previous loan defaults with any financial institutions
  • Existing customers with a decent track record for the last 2 years (both conduct of account with financing branch and financials of the applicant unit)
  • New customers subject to satisfactory OPL from their existing bankers
  • New units subject to satisfactory market opinion on the promoters
Mudra Loan SchemeAmount
ShishuUp to Rs. 50,000
KishoreBetween Rs. 50,000 & Rs. 5.00 Lakh
TarunBetween Rs. 5.00 Lakh & 10.00 Lakh

Required Documents

  • Duly filled application form with passport-sized photographs
  • KYC documents of the Applicant: Voter’s ID card, Passport, Driving license, PAN Card, Aadhar card, Utility Bills (Water and Electricity)
  • Bank Statement of last 12 months
  • Company establishment certificate
  • Proof of belonging to SC/ST, OBC, or any minority group, if applicable
  • Any other document required by the bank

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