Canara Bank Personal Loan
With affordable interest rates and adjustable repayment terms, Canara Bank offers personal loans. There is little to no paperwork required in order to obtain a loan. Canara Bank with interest rates starting at 7.65%. A maximum loan of upto 3 lacs with a maximum 0 to 1 year repayment period is available to you.
The personal loans offered by Canara Bankhave low interest rates and flexible payback schedules. A loan can be obtained with little to no paperwork. Interest rates on personal loans from Canara Bank start at 10.49%, making them a great option for any of your urgent financial requirements. You may be eligible for a loan with a maximum amount of Rs 20,000 to Rs 1 crore and a maximum payback term of 6 months to 5 years.
| Interest Rate | 7.65% | |
|---|---|---|
| Maximum Loan | upto 3 lacs | |
| Processing Fees | 0.50% | |
| Maximum Loan Tenure | 0 to 1 year | |
Loan Disbursal in 3 hrs*
100% Online ProcessA Four-Step Guide to Efficient Financing
Canara Bank Personal Loan EMI Calculator
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Documents Required for Canara Bank Personal Loan
Copy of PAN Card (Required)
Identity verification: a copy of a passport, driver's licence, voter ID card, or Aadhaar
Verification of address: copies of identity (i.e., a driver's licence, a voter ID card, an Aadhaar card), ongoing service fee copies, LPG Book copies, etc.
Verification of End Use, in accordance with Canara Bank's diligence
Passbook from the most recent half year and affirmed bank declaration for the last three months
The most recent Form 16 and the previous two pay stubs/recent pay authentication
You can utilize a personal loan from Canara Bank Loan, which is an unsecured loan, to pay for various needs. Bangalore serves as the home office for the state-owned Canara bank. Founded in 1906, it is one of India's oldest banks. The bank provides a variety of loans including personal loans, house loans, company loans, educational loans, etc. Among them, Canara Bank personal loans can be a big help during an unexpected financial crisis. For a variety of personal needs, including marriage, schooling, and medication, the bank provides loans.
Feature and Benefit of Canara Bank Personal Loan
The features and benefits of Canara Bank's personal loan apply online are listed below.
Modular Repayment
Because Canara Bank offers a payback period of up to 84 months, you can choose to pay back the loan balance in convenient EMI installments.
Rising Interest Rates
Canara Bank Personal Loan interest rate is subject to a floating interest rate system, which means that it varies in reaction to changes in the bank's lending rate.
Quick Acceptance
The process of getting your loan approved does not take weeks. The monies that have been approved are readily available to you.
Low Level of Documentation
The personal loan is approved by the bank with very little documentation. Because of this, you can apply for the loan and obtain the money you require without delay.
Process of applying Canara Bank Personal Loan
Applying for a Canara Bank Personal Loan online will expedite the procedure. The actions to take are listed below.
Step 1: Access the official website and select "Personal Loan" from the menu on the home
page.
Step 2: Choose the proper selection from "Upto One Lakh" or "More Than One Lakh."
Step 3: Complete the application by entering your name, date of birth, PAN, and account
number.
Step 4: Select "Get OTP" from the menu. After finishing the application, select "Get Loan Quote."
A Canara Bank personal loan application can also be submitted in a nearby branch. Your guide throughout the process will be the committed bank staff. For a smoother process, make sure you have the required documentation.
FinCrif Frequently Asked Questions ( FAQ )
Is a pre-approved, immediate personal loan available from Canara Bank?
ANS. Yes, salary account holders can apply for online, immediate personal loans from Canara Bank for amounts ranging from Rs 10,000 to Rs 1 lakh.
What level of income must you have to qualify for a personal loan from Canara Bank?
ANS. A minimum wage criteria for candidates has not been set by Canara Bank, according to the answer. To qualify for a personal loan from Canara Bank, you must have a minimum monthly income of Rs 15,000.
What credit score must a borrower have in order to be approved for a personal loan from Canara Bank?
ANS. Even though Canara Bank has not specified a precise cut-off credit score, candidates with credit scores of 750 and above would have a greater chance of receiving a personal loan from Canara Bank at a reduced interest rate. However, certain lenders could also provide personal loans to borrowers with less favourable credit ratings.
Eligibility Criteria for Canara Bank Personal Loan
If you meet the requirements ,you are eligible for Canara Bank loan apply online . By doing this, you improve your chances of being accepted and can get the money quickly.
You must fulfill the requirements listed below to be eligible for a Canara Bank Personal Loan:
750 or higher on the CIBIL
Age range: 21 to 60
Monthly minimum income of Rs. 25000
Keep in mind that these qualifying requirements could change based on the type of loan you select. Therefore, before applying, make sure to review the Canara Bank personal loan eligibility requirements .
Fees and Charges of Canara Bank Personal Loan
| Types of Charges | FEES |
| Passbook | Free |
| Chequebook | Free |
| Nomination Facility | Free |
| Debit Card Annual Fee | Nil |
| Minimum Balance Requirement | Nil |
| Initial Deposit Requirement | Nil |
| Inoperative Account Charges | Nil |
| Annual Credit limit | Rs.1 lakh |
| Outstation Cheque | Rs.25 to Rs.250 |
| Annual Balance Limit | Rs.50,000 |
| Debit Card PIN Regeneration | Rs.150 |
| Debit Card Replacement | Rs.100 |
| Closure of Account within a Year | No charges |
| ATM Transaction Charges |
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