Canara

For Term Loan:

For Working Capital: 25%

For Term Loan:
Prime Security:

• Hypothecation of Assets created out of our finance.
• Mortgage of land where primary activities are undertaken, unit is constructed and which forms a part of developmental activity and connected with the activity.

Collateral Security:

For loan on leased hold landed property, if leasehold rights are not mortgaged, Immovable or equivalent Collateral security should be obtained of minimum 100% of the loan amount, out of which at least 50% security by way of Residential/Commercial Properties (Land & Buildings backed by approved building plan).

For Working Capital Limit (for cold storage including onlending to farmers to meet operational expenses of the unit):

Prime Security:
Hypothecation of book debts/receivables i.e. advance payment made to the farmers

Collateral Security:

• Mortgage of storage unit.
• Mortgage of landed property other than storage unit in the form of SARFAESI compliant residential/ commercial property,

Risk Category	Minimum Residential/ Commercial % of Collateral
Low Risk	25%
Normal Risk	35%
Moderate Risk	50%

However, renewal of existing limit can be permitted with existing security

• For Term Loans : Not exceeding 15 years including moratorium of maximum 2 years.
• Working capital limit shall be valid for 12 months.