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Business, & agriculture finance

Canara BEML Equipment Finance

Term finance from ₹20 lakh to ₹300 crore for BEML earth-moving, construction and mining equipment, with 5–7-year repayment and / coverage.

Facility amount₹20 lakh minimum and ₹300 crore maximum.RateRate linked to approved security/collateral value and internal/external risk rating; no fixed scheme percentage is printed.Customer typeEarth-moving, construction, railway, road and canal contractors and manufacturing/service business units other than trusts.
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Quick eligibility check

Canara BEML Equipment Finance

0 of 7 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Earth-moving, construction, railway, road and canal contractors and manufacturing/service business units other than trusts?

Published source: Customer type

2Do you meet this requirement: Eligible contractors and non-trust business units in manufacturing/services?

3Does your annual turnover meet this requirement: the page does not publish a separate numeric turnover or vintage requirement?

4Document checkDo you have this required document or proof: NF998 MSME application and KYC?

Published source: Documents

5Document checkDo you have this required document or proof: Unit/promoter address proof?

Published source: Documents

6Document checkDo you have this required document or proof: Licences/permissions?

Published source: Documents

7Document checkDo you have this required document or proof: Three years financial papers with ITR/projections?

Published source: Documents
0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 4 Sept 2026 · active
Offered byCanara Bank

India through Canara Bank branches

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Customer typeEarth-moving, construction, railway, road and canal contractors and manufacturing/service business units other than trusts.View source
Complete target-group section reviewed.
Source
Canara BEML
Page / section
Target group
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Turnover / vintageNo numeric turnover or business-vintage threshold is published on the reviewed BEML scheme page.View source
Complete page reviewed; it specifies target businesses and security/guarantee conditions but no turnover floor.
Source
Canara BEML
Page / section
Eligibility review
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Facility amount₹20 lakh minimum and ₹300 crore maximum.View source
Complete quantum section reviewed.
Source
Canara BEML
Page / section
Quantum of loan
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
RateRate linked to approved security/collateral value and internal/external risk rating; no fixed scheme percentage is printed.View source
Complete pricing reference reviewed.
Source
Canara BEML
Page / section
Rate references
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
RepaymentMaximum five to seven years, repayable in EMIs.View source
Complete repayment row reviewed.
Source
Canara BEML
Page / section
Repayment period
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Security / marginMargin 15% up to ₹1 crore and 20% above ₹1 crore. CGTMSE-covered new-customer loans ₹20 lakh–₹2 crore require no collateral/third-party guarantee; otherwise at least 75% collateral is required; primary equipment hypothecation applies.View source
Complete margin/security/coverage sections reviewed.
Source
Canara BEML
Page / section
Margin, security and coverage
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
FeesAs per extant Canara guidelines; no fixed numeric processing fee is printed on the reviewed page.View source
Complete processing-charge section reviewed.
Source
Canara BEML
Page / section
Processing charges
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
DocumentsNF998 application, KYC/address proof, licences, three years financial papers with ITR/projections, guarantor asset details, stock statement and BEML equipment quotation.View source
Published document list reviewed.
Source
Canara BEML
Page / section
Documents
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsIndia through Canara Bank branches.View source
National scheme page reviewed.
Source
Canara BEML
Page / section
Availability
Accessed
4 Sept 2026
Confidence
medium
Open official source ↗

Benefits and features

  • ₹20 lakh minimum and ₹300 crore maximum
  • 15% margin up to ₹1 crore; 20% above ₹1 crore
  • Repayment up to five to seven years in
  • / coverage for eligible loans

Eligibility

  • Eligible contractors and non-trust business units in manufacturing/services; the page does not publish a separate numeric turnover or vintage requirement.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • NF998 application and
  • Unit/promoter address proof
  • Licences/permissions
  • Three years financial papers with /projections
  • Guarantor asset details
  • Stock statement
  • BEML equipment quotation

Related official documents

Canara MSME BEMLofficial-product-page · current · accessed 4 Sept 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Smart Professional · CustomerListed professionals with 2+ years' experience and ₹2 lakh net annual income

This value is copied from Canara specialised schemes. Check the table notes before relying on it.

Source: Canara Smart Professional, BEML and Vishvakarma pages · Complete product tables Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 3 rows · 7 columnsCanara specialised MSME schemesView tableHide table

Scroll sideways to view every column

Canara specialised MSME schemes
ProductCustomerFacility amountRateSecurity / marginRepaymentFees
Smart ProfessionalListed professionals with 2+ years' experience and ₹2 lakh net annual incomeAbove ₹10 lakh; ₹5 crore metro/₹2 crore urban/₹50 lakh otherRisk/security-linked WC nil; TL/NFB 25%; 75% security comfortWC 1 year; TL up to 10 yearsApplicable schedule
BEMLEquipment contractors and manufacturing/service businesses₹20 lakh–₹300 croreRisk/security-linked 15% up to ₹1 crore; 20% above; /no collateral route5–7 years Extant guidelines
VishvakarmaEligible artisans after skill verification/trainingTranche ₹1 lakh + ₹2 lakh; total ₹3 lakh13% less up to 8% subvention; 5% effective floorNil margin; separate collateral not stated18 months / 30 months; no moratoriumAmount not published
Canara Smart Professional, BEML and Vishvakarma pages · Complete product tables · accessed 4 Sept 2026Open official source ↗

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