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canara bank
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    • Board of Directors
  • Financial Results
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    • ONLINE SUBMISSION OF 15G/15H APPLICATION
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    • Download TDS Certificate for payment of Dividend FY 2021-22 Blinker
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  • Product Features Online Shishu Mudra loans
Got any Questions?
Call us Today!

Toll Free Numbers
(if dialed within India)

18001030
1800 425 0018, 1800 103 0018, 1800 208 3333, 1800 3011 3333

Non Toll Free Numbers
(if calling from outside India)

+91-80-22064232

Customers are requested to call on our
mentioned Toll Free Numbers only for any
complaints/issues. Bank shall not be
responsible for any consequences arising
out of customers calling any other
unverified numbers.

Product Features Online Shishu Mudra loans (Existing to Bank Customers)

Purpose

“To provide short term, hassle free credit facility for Micro units to tackle liquidity crunch in their business operations.”

Eligibility

  • The Scheme is available to Udyam registered individual and proprietary firms.
  • Minimum Age of the borrower/ proprietor is 25 Years and Maximum age is 55 years.
  • Satisfactory Credit history as per bank policy

Quantum of Loan:

  • Minimum Loan Amount – Rs 10,000, Maximum – Rs. 50,000
  • Repayment Period

    • Minimum : 12 Months, Maximum: 36 Months

    Rate of Interest:

    Working Capital & Term loans:

    CRP over RLLR
    Up to Rs.50000/- 1.05

    Note: For Term loans repayable more than 1 year up to 5 years, the liquidity premium to be loaded to the Card rates additionally, as given below:

    Repayable > 1 year up to 5 years 0.40%

    Security:

    • Hypothecation of assets created out of loan

    Documents Required:

    • Aadhar Card
    • Pan card
    • Udyam Registration Certificate
    • Bank Statement

    Type of Facilities:

    • Short term loan

    Upfront fee / processing charges:

    • For Mudra loan under Shishu Category (Loans up to Rs.50000) – Nil

    Loan Documentation

    • Digital Mode using Aadhar OTP

    Other Terms & Conditions:

    • Guarantee Coverage: CGFMU
    Got any Questions?
    Call us Today!

    Toll Free Numbers

    18001030
    1800 425 0018
    1800 103 0018
    1800 208 3333
    1800 3011 3333


    Non Toll Free Numbers
    (if calling from outside India)

    +91-80-22064232

    Customers are requested to call on our
    mentioned Toll Free Numbers only for any
    complaints/issues. Bank shall not be
    responsible for any consequences arising
    out of customers calling any other
    unverified numbers.
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    Last Updated on: 21/03/2023 |   Visitors:        

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