The facility will be available 24*7.
Seamless customer journey.
No Physical visit to the branch. Complete END to END digital journey.
Instant approval and disbursal in Savings account of the customer.
Mutual Funds of all AMCs can be pledged for availing Loan.

An End-To-End Digital Loan against Mutual Funds can be granted to individuals to meet contingencies and / or any personal need etc other than speculative purposes, by online lien marking of the Mutual Funds Folio.

Quantum	In case of Equity/Hybrid mutual fund-50% of NAV with minimum of Rs.25000/- and maximum of Rs.10,00,000/- In case of Debt Mutual Fund, 75% of the NAV with minimum of Rs.25000/- and maximum of Rs. 1 Crore.
Margin	Equity/Hybrid: 50% Debt: 25%
Repayment	For Term Loans: Maximum 36 months. For Overdraft Loans: The overdraft account shall be subject to renewal on a yearly basis.
Security	Lien Marking on the Folios.
Processing Charges	Features: Processing Fees: 0.60% of the sanctioned amount + applicable GST (Min: Rs 1000 Max: Rs 10,000 +applicable GST) Review/Renewal Charges only for OD account(Yearly): 0.30% of the Loan Amount + applicable GST (Min: Rs 500 Max: Rs 5,000 +applicable GST)
Other Charges	As Applicable.
Loan Amount will be credited directly to Savings A/C of the Borrower.

The CIC score of the customer should be 700 and above.
Individual over the age of 18 years.
Individual must maintain their SB/CA (in individual name) with Canara Bank with mode of operation as Sole Operation.

For New to Bank (NTB) customers account shall be opened through VCIP before granting the credit facility under the scheme.

Loan shall be available against MF schemes of all AMCs registered with the RTAs.
Serving and ex-employees of the bank are also eligible to avail the facility.

Documents required to be uploaded by the New Customers:

Aadhar & PAN shall be validated online & complete Video KYC.

Digital Documentation shall be invoked based on Aadhar number enabled OTP for consent/ acceptance for execution of E-stamping & E-Signing as per sanction terms & conditions.