|Interest rate||11.25% to 13.90% p.a.|
|Maximum loan amount||Rs. 3 Lakhs|
|Repayment tenure||Up to 60 months|
|Processing fee||0.50% of loan amount + GST (Min. Rs. 1,000 & Max. Rs. 5,000)|
|Available as||Term Loan or Overdraft|
|Types||Canara Budget, Canara Cash (Shares), Teachers Loan, and Canara Pension - General Public.|
1. Canara Budget: Unsecured personal loan to meet genuine personal or domestic needs.
2. Canara Cash (Shares): Instant personal loan offered against Shares, Debentures, Bonds or Units.
3. Teachers Loan: Personal loan offered to all confirmed teaching or non-teaching staff working in a school or college to meet any genuine personal needs.
4. Canara Pension - General Public: Personal loan to meet medical expenses or other genuine personal need of the pensioners.
You can easily calculate the Canara Bank Personal Loan EMI by using the Personal Loan EMI Calculator given on our website. All you need to do is just enter the loan amount to be borrowed, applicable rate of interest on the loan, and repayment tenure.
Below are the EMI calculations for Canara Personal Loan of Rs. 1 Lakh for different interest rates and tenures.
|Interest Rate||Tenure (in years)||EMI per lakh (in Rs.)||Total Interest (in Rs.)||Total Payment (in Rs.)|
|Name of Lender||Rate of Interest (per annum)||Processing Fee||Maximum Loan Limit|
|Canara Bank||11.25% - 13.90%||0.50% + GST||Rs. 3 Lakhs|
|SBI||9.60% - 15.65%||Up to 1.50% + GST||Rs. 20 Lakhs|
|ICICI Bank||10.50% - 19%||Up to 2. 50% + GST||Rs. 25 Lakhs|
|HDFC Bank||10.50% - 21%||Up to 3.5%||Rs. 40 Lakhs|
|IDFC FIRST Bank||10.49% onwards||Up to 2.50%||Rs. 40 Lakhs|
|Yes Bank||10.99% onwards||Up to 2.50% + GST||Rs. 40 Lakhs|
|Axis Bank||12% - 21%||Up to 2% + GST||Rs. 15 Lakhs|
Only following pensioners are eligible for this loan if they're drawing their pension through Canara Bank branches:
A Personal Loan EMI Calculator helps you to understand the exact EMI that will be charged towards the loan each month.
Here are some tips to help you choose the most suitable EMI according to your requirements:
Follow the below-mentioned steps to apply for Canara Bank Personal Loan through our website:
Once your personal loan application and required documents are submitted to the bank by MyMoneyMantra, the Canara Bank’s representative will contact you for verification.
You can access your Canara Bank personal loan statement through any of the following two ways:
For any query, complaint or issue regarding you Canara Bank Personal Loan, you can call on bank's following toll free and non toll free customer care numbers:
Toll Free Numbers
Non Toll Free Numbers - if calling from outside India
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The minimum interest rate of Canara bank Personal Loan is 11.25% whereas the maximum rate is 13.90%.
Any self-employed (i.e. professional such as a lawyer, doctor, and so on) and salaried individual can avail Canara Bank Personal Loan. There are different personal loan schemes for teachers and pensioners.
The maximum tenure for Canara Bank Personal Loan is 60 months.
No, there is no such restriction on Personal loan.
Yes, by clubbing your spouse's income, the amount (for which you are eligible) of Personal Loan can be increased.
Yes, you can avail a Personal Loan from any branch of Canara Bank.
Canara Bank charges up to 0.50% of the loan amount + GST (Minimum Rs. 1,000 and Maximum Rs. 5,000) as the processing fee.