Business, & agriculture finance

Canara PSB Loans in 59 Minutes

Digital marketplace giving in-principle business-loan decisions within 59 minutes for ₹2 lakh to ₹5 crore, using public-data retrieval and bank policy parameters without branch visits.

Facility amountMSME loans from ₹2 lakh to ₹5 crore may be applied for through the platform.RateThe digital-platform page does not publish a numeric interest rate; final pricing is determined under the member bank’s policy and sanction process.Customer typeGST-registered customers/clients that have filed ITR 3, 4, 4S, 5 or 6 for MSME business loans; MUDRA fresh/renewal applications can use the platform with or without GST/ITR.

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✓ Manually checked 4 Sept 2026 · active

Offered byCanara Bank

India through PSB Loans in 59 Minutes and Canara-specific portal

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 typeGST-registered customers/clients that have filed ITR 3, 4, 4S, 5 or 6 for MSME business loans; MUDRA fresh/renewal applications can use the platform with or without GST/ITR.View source

Complete eligibility and exception reviewed.

Source: PSB Loans in 59 Minutes
Page / section: Eligibility and platform scope
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Turnover / vintageThe page requires GST registration and filed ITRs for the regular MSME route but publishes no numeric turnover or business-vintage threshold.View source

Complete eligibility section reviewed.

Source: PSB Loans in 59 Minutes
Page / section: Eligibility
Accessed: 4 Sept 2026
Confidence: high

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Facility amountMSME loans from ₹2 lakh to ₹5 crore may be applied for through the platform.View source

Complete published loan-range row reviewed.

Source: PSB Loans in 59 Minutes
Page / section: Loan range
Accessed: 4 Sept 2026
Confidence: high

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RateThe digital-platform page does not publish a numeric interest rate; final pricing is determined under the member bank’s policy and sanction process.View source

Full official page reviewed; no rate row is published.

Source: PSB Loans in 59 Minutes
Page / section: Complete platform page
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

TenureThe platform page does not publish a repayment tenor; final tenure is set by Canara’s sanctioned product and policy.View source

Full official page reviewed; no tenure row is published.

Source: PSB Loans in 59 Minutes
Page / section: Complete platform page
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

CollateralThe portal provides a digital in-principle approval; the page does not prescribe a universal collateral or margin rule, which remains product- and policy-specific.View source

Complete workflow and conditions reviewed.

Source: PSB Loans in 59 Minutes
Page / section: Platform workflow
Accessed: 4 Sept 2026
Confidence: high

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FeesProcessing charges/upfront fee are collected according to guidelines issued from time to time; no numeric amount is published on this platform page.View source

Complete charges disclosure reviewed.

Source: PSB Loans in 59 Minutes
Page / section: Processing charges
Accessed: 4 Sept 2026
Confidence: high

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DocumentsGST/ITR, PAN/KYC and business information are pulled or requested by the platform; additional documents depend on the member-bank product and final sanction.View source

Complete data-source and workflow disclosures reviewed.

Source: PSB Loans in 59 Minutes
Page / section: Platform data and workflow
Accessed: 4 Sept 2026
Confidence: medium

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Geographic limitsIndia through the PSB Loans marketplace and Canara-specific portal; a digital in-principle decision does not guarantee final sanction or disbursement.View source

Complete access and approval caveat reviewed.

Source: PSB Loans in 59 Minutes
Page / section: Platform access and conditions
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Benefits and features

₹2 lakh–₹5 crore loan applications
In-principle decision target within 59 minutes
No physical branch contact for the digital decision
Public-data and analytics based assessment
fresh/renewal route with or without /

Eligibility

-registered customers with 3/4/4S/5/6 may apply for loans. The platform provides an in-principle approval only; final sanction, documentation and disbursement remain subject to Canara policy.

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

Documents the bank lists

registration and returns where applicable
Filed 3/4/4S/5/6 where applicable
/ and business information
Public-data consents and documents requested by the portal

Try the numbers

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Loan repayment estimate

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

Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

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.

ProductChoose column

ECLGS 5.0 · Eligible customerExisting borrower with 31 March 2026 WC limit; Standard, not SMA2/

This value is copied from Canara credit facilities. Check the table notes before relying on it.

Source: Canara credit-facility pages · Complete facility 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 MSME credit facilitiesView tableHide table

Scroll sideways to view every column

Canara MSME credit facilities
Product	Eligible customer	Facility amount	Rate	Security / guarantee	Tenure	Fees
ECLGS 5.0	Existing borrower with 31 March 2026 WC limit; Standard, not SMA2/	20% of peak FY2025–26 WC; max ₹100 crore	Not published	100% guarantee coverage	5 years incl. 1-year moratorium	Processing, guarantee fee and prepayment nil
PSB Loans in 59 Minutes	+ 3/4/4S/5/6; exception	₹2 lakh–₹5 crore	Not published	Product-specific final policy	Not published	As per prevailing guidelines
- Manufacturing	Standard-asset manufacturing drawer; eligible company/ drawee	Need-based; no universal maximum	-linked	where eligible	Bill/ maturity dependent	As per prevailing guidelines

Canara credit-facility pages · Complete facility tables · accessed 4 Sept 2026Open official source ↗

Canara PSB Loans in 59 Minutes

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

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