What is Canara Bank Personal Loan?

Canara Bank provides personal loan to PSUs, corporate employees, government departments, institutions, self-employed persons, etc. It is a state-owned bank which has its headquartered in Bangalore and has 5641 branches across India. Canara Bank is one of the oldest banks in the country and was established in July 1906 in Mangalore. It has products like personal loans, vehicle loans, home loans, education loans and loan against property.

What are the benefits of Canara bank personal loan?

Canara bank personal loan, also known as Canara budget personal loan, is a multi-purpose loan which can be availed for events like a wedding, for going to your dream destination or for any other personal need. Its benefits include:

  1. Lending up to 3 Lacs or 6 months Gross Salary, whichever is less.
  2. Great offers that can be availed Online.
  3. Quick Approval.
  4. Easy Documentation
  5. Doorstep Services
  6. You can contact us on the number- 9878981166

Canara Bank Personal Loan Eligibility

Salaried People

  1. CitizenShip: Indian
  2. Minimum Age: 21 Yrs
  3. Maximum Age: 58 / 60 Years at Loan Maturity
  4. Salary
    1. Metro: 18,000
    2. Tier-2: 12,000
    3. Tier-3: 10,000
    4. Tier-4: 10,000
  5. Experience: Overall 3 years
  6. Telephone / Mobile: Mandatory
  7. Current Experience: One year
  8. Salary in Cash: Not Applicable

Self Employed People

  1. CitizenShip: Indian
  2. Minimum Age: 25 /28 Yrs
  3. Maximum Age: 65 Year at the Loan Maturity
  4. ITR required: 2.5 lakhs - 3.0 Lakh
  5. Residence: Office or Home should be Owned
  6. Telephone / Mobile: Mandatory
  7. Business Stability: Business Should be running from last 3 years

Documents Required For Canara Bank Personal Loan

Salaried People Self Employed People
Latest 2 Months Salary Slips Last 2 Years balance Sheet Verified by CA
Latest 6 month bank statements (Savings or Salary A/C)
Last 2 Years Form 16
2 Passport Size photographs
Photocopy of Pan Card
Address Proof: Electricity bill/ Telephone Bill

Canara Bank Personal Loan Interest Rate

For Instant Loan Approvals
Parameters Applicable Charges
Interest Rate 14% to 22%
Processing Fees 0.5% of Loan Amount
Foreclosure Charges 4% of Loan Amount
EMI Bounce Charges Rs. 1000 per bounce

Special Note: We do not provide Personal Loans to bad credit holders, however, you can fulfill your finance requirements with Gold Loan easily.

Leading Personal Loan Providers (Click to Apply)

  1. HDFC Personal Loan
  2. Axis Bank Personal Loan
  3. SBI Personal Loan
  4. ICICI Bank Personal Loan
  5. Citibank Personal Loan
  6. Fullerton India Personal Loan

Personal Loans Calculator Personal Loans Interest Rates
Personal Loans Calculator Personal Loans Interest Rates

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