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Business, & agriculture finance

Canara Smart Professional

Professional-practice term, working-capital and non-fund finance above ₹10 lakh, with location-based limits up to ₹5 crore and repayment up to 10 years.

Facility amountAbove ₹10 lakh; maximum ₹5 crore in metro, ₹2 crore in urban and ₹50 lakh in other centres.RateRLLR-linked MSME rate based on security/collateral and internal/external risk rating; no fixed scheme percentage is printed.Customer typeArchitects, engineers, valuers, management/financial consultants, chartered accountants, cost accountants, company secretaries and registered medical doctors.
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Quick eligibility check

Canara Smart Professional

0 of 6 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: Architects, engineers, valuers, management/financial consultants, chartered accountants, cost accountants, company secretaries and registered medical doctors?

Published source: Customer type

2Do you meet this requirement: existing customers need satisfactory track record and new customers a satisfactory opinion letter?

3Document checkDo you have this required document or proof: NF998 MSME application and KYC?

Published source: Documents

4Document checkDo you have this required document or proof: Unit/promoter address proof?

Published source: Documents

5Document checkDo you have this required document or proof: Professional certificate/licence and registration?

Published source: Documents

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

Published source: Documents
0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 4 Sept 2026 · active
Offered byCanara Bank

India; maximum differs by metro, urban and other centres

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 typeArchitects, engineers, valuers, management/financial consultants, chartered accountants, cost accountants, company secretaries and registered medical doctors.View source
Complete target-group section reviewed.
Source
Canara Smart Professional
Page / section
Target group
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Turnover / vintageMinimum two years' professional experience; minimum net annual income ₹2 lakh for existing professionals/firms. No separate turnover floor is published.View source
Complete eligibility section reviewed.
Source
Canara Smart Professional
Page / section
Eligibility
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Facility amountAbove ₹10 lakh; maximum ₹5 crore in metro, ₹2 crore in urban and ₹50 lakh in other centres.View source
Complete quantum table reviewed.
Source
Canara Smart Professional
Page / section
Quantum of loan
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
RateRLLR-linked MSME rate based on security/collateral and internal/external risk rating; no fixed scheme percentage is printed.View source
Complete pricing reference reviewed.
Source
Canara Smart Professional
Page / section
Rate references
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
RepaymentWorking capital tenable for one year; term loan up to 10 years.View source
Complete repayment section reviewed.
Source
Canara Smart Professional
Page / section
Repayment period
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Security / marginWorking-capital margin nil; term-loan/non-fund margin 25%; primary plus collateral security should provide at least 75% of proposed exposure.View source
Complete margin/security section reviewed.
Source
Canara Smart Professional
Page / section
Margin and security
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
FeesApplicable Canara service charges; no fixed numeric processing fee is printed on the reviewed page.View source
Complete page reviewed; charge schedule is referenced.
Source
Canara Smart Professional
Page / section
Charges
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
DocumentsNF998 application, KYC/address proof, professional certificate and registration, licences, three years financial papers with ITR/projections, guarantor asset details, valuation report and stock statement.View source
Published document list reviewed.
Source
Canara Smart Professional
Page / section
Documents
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsIndia; maximum facility depends on metro, urban or other centre classification.View source
Complete centre classification section reviewed.
Source
Canara Smart Professional
Page / section
Quantum / centre classification
Accessed
4 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Maximum ₹5 crore metro, ₹2 crore urban and ₹50 lakh other centres
  • Working capital margin nil; term loan/non-fund margin 25%
  • Term-loan repayment up to 10 years; working capital one year
  • Minimum net annual income ₹2 lakh and age 25–60 years

Eligibility

  • Professionals need at least two years' experience, valid professional certificate/licence and association/board registration; existing customers need satisfactory track record and new customers a satisfactory opinion letter.

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

Documents the bank lists

  • NF998 application and
  • Unit/promoter address proof
  • Professional certificate/licence and registration
  • Licences/permissions
  • Three years financial papers with /projections
  • Guarantor asset details
  • Valuation report and stock statement

Related official documents

Canara MSME Smart Professionalofficial-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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