Canara Bank Personal Loan
Leading Public Sector Bank with Low Processing Fees & Extended Tenures up to 7 Years
Starting ROI
10.95% p.a.
Max Tenure
84 Months
Loan Amount
Up to ₹25 Lakh
Processing Fee
0.50% (Max ₹5,000)
Check Loan Eligibility
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Key Features of Canara Bank Personal Loan
Tailored financial solutions designed specifically for Canara Bank borrowers.
Extended Tenure up to 7 Years
Repay comfortably with long tenure options up to 84 months for lower monthly EMIs.
Low Capped Processing Fee (Max ₹5,000)
Cap on processing charges at just 0.50% subject to a maximum cap of ₹5,000 plus GST.
Special Concessions for Govt & Teachers
Special interest rate concessions for teachers, PSU employees, and Govt personnel.
Instant e-Approval via Canara ai1
Fast e-KYC and digital loan processing through Canara ai1 Mobile Banking App.
Canara Bank Personal Loan EMI Calculator
Plan your monthly outflows based on Canara Bank’s starting interest rate of 10.95% p.a..
₹16,358
Canara Bank Eligibility Criteria Matrix
Detailed criteria for salaried employees and self-employed professionals applying at Canara Bank.
| Parameters | Salaried Individuals | Self-Employed / Professionals |
|---|---|---|
| Age Range | 21 to 58 years | 25 to 65 years |
| Minimum Net Income | ₹15,000 / month | ₹2,50,000 annual net profit |
| Credit Score (CIBIL) | 650+ | 700+ |
| Experience / Vintage | Min 1 year in current org | Min 2 years in business |
| Eligible Employers | MNCs, Public/Private Ltd, Govt entities | Proprietorships, Partnerships, Pvt Ltd, Professionals |
Required Documents Checklist for Canara Bank
Have these documents handy to speed up your loan approval process.
Identity Proof
- PAN Card (Mandatory)
- Aadhaar Card
- Passport / Voter ID / DL
Address Proof
- Aadhaar Card (current address)
- Electricity / Utility Bill
- Valid Rent Agreement
Income Proof
- Last 3 months Salary Slips
- Form 16 / Recent 2 years ITR
- Business vintage proof (if SE)
Financial Proof
- Last 6 months Bank Account Statement
- Salary credit account statement
- Passport-size photographs
Frequently Asked Questions on Canara Bank Personal Loans
Clear answers to common questions about Canara Bank eligibility, interest rates, and loan disbursal.