Canara MSME CAP (Capital Asset Purchase)
Primary Lending Institution:Canara Bank
₹10 Lakh to ₹5 Crore MSME credit at 8.65% – 10.15% with Up to 7 years tenure.
Requires clear quotations from original equipment manufacturers (OEMs) and satisfactory production feasibility.
What is Canara MSME CAP (Capital Asset Purchase)?
Targeted machinery and equipment financing for manufacturing MSMEs modernizing production technology.
Key Benefits & Features
Finances up to 85% of machinery invoice cost; fast-track appraisal; moratorium during installation phase.
CGTMSE / Bank Guarantee / Normal Security
Enterprise Eligibility Criteria
Manufacturing units with valid Udyam certificate and profitable operations.
How to Apply (3 Verified Paths)
Apply online via business net banking or approach loan account manager.
Apply online at https://canarabank.com/msme-cap with digital KYC and financial statements.
Visit nearest MSME branch of the institution with business registration and bank statements.
Documents Required Checklist
Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.
Frequently Asked Questions
What is the maximum loan tenure and amount for Canara MSME CAP (Capital Asset Purchase)?
Borrowers can avail ₹10 Lakh to ₹5 Crore with a repayment tenure of Up to 7 years.
What are the processing charges and collateral terms for Canara MSME CAP (Capital Asset Purchase)?
The processing fee is 0.50% + GST. Collateral terms: Requires clear quotations from original equipment manufacturers (OEMs) and satisfactory production feasibility.
What are the eligibility criteria for Canara MSME CAP (Capital Asset Purchase)?
Manufacturing units with valid Udyam certificate and profitable operations. Minimum business vintage required is 1 year(s).
How can an applicant apply for Canara MSME CAP (Capital Asset Purchase)?
Apply online at https://canarabank.com/msme-cap or visit nearest branch with KYC, Udyam registration, and bank statements.