If you need to take a loan, then you can take a personal loan from Canara Bank. You will get a personal loan of up to Rs 10 lakh from Canara Bank at an initial interest rate of 10.95%. The application process for taking a loan is also very easy, you can apply for it from home.
In today’s article, we will provide you complete information about Canara Bank Personal Loan. Here we will talk about the interest rate of this loan, repayment period, eligibility-conditions, documents required, complete application process etc. If you need an immediate loan, then you are requested to read this article completely.
What is Canara Bank Personal Loan?
Canara Bank is a banking sector which also provides loans apart from banking services. You can also take a personal loan from this bank whether it is related to education, medical emergency, travel, home renovation etc. You will get a personal loan from this bank ranging from Rs 25000 to Rs 10 lakh.
Whose starting interest rate is 10.95% and a maximum of 7 years is given to repay it. Canara Bank also offers instant personal loan of Rs 1 lakh to its select customers. From here you can apply for a personal loan on easy terms and conditions.
Canara Bank Personal Loan Interest Rate
The interest rate of Canara Bank Personal Loan starts from 10.95%. However, the interest rate is applicable based on job profile, credit score and other factors affecting the interest rate. If you have good income and good financial transaction record, you can get a good loan at easy interest. Apart from the interest rate, a processing fee of 0.50% of the loan amount will also have to be paid for Canara Bank Personal Loan. Continue reading this post for more information.
What are the benefits of Canara Bank Personal Loan?
Under Canara Bank Personal Loan, you can get a personal loan of up to Rs 10 lakh with minimum documentation.
Its starting interest rate is 10.95% per annum.
A processing fee of 0.50% of the loan amount is charged separately.
A job professional or businessman can get a personal loan from Canara Bank.
A maximum of 7 years is available to repay this loan.
If you have a salary account in the bank, then you can get an instant loan of ₹ 100000.
You can apply for this loan online or offline.
Loan up to Rs 10 lakh is available to start a business, apply from here
Canara Bank Personal Loan 2025 Eligibility
To apply for Canara Bank Personal Loan, you have to fulfill some important eligibility criteria, these important eligibility are as follows –
Applicants aged 21 years or above can apply for Canara Bank Personal Loan.
This loan is available for job professional and businessman applicants.
For this, the minimum monthly income of the applicant should be Rs 15000.
To open a poultry farm, you will get a loan of up to Rs 9 lakh with 33% subsidy
Documents required for Canara Bank Personal Loan
Aadhaar Card
PAN Card
Mobile Number
Address Proof such as Residence Certificate or Electricity/Water/Gas Connection Bill
Salary Slip (Last 3 Months)
Bank Statement (Last 6 Months)
ITR Return
Passport Size Photo
Age Certificate etc.
How to Apply for Canara Bank Personal Loan Online?
To apply for Canara Bank Personal Loan, first of all go to the official website of Canara Bank.
After visiting the official website, you will reach the home page, click on the option of “Personal Loan” given in it.
A page will open in front of you, in this page enter some personal information such as name, date of birth, PAN card number, Aadhaar number, account number etc.
Fill all the details correctly and “Submit”.
After doing this, scan and upload the required important documents.
Then finally click on the “Submit” button.
This way the application process will be completed and Canara Bank officials will contact you.
After this, the concerned officials will tell you the further process.
After this your documents will be reviewed and if everything is found correct then your loan will be approved.
