Canara Bank Personal Loan

The Canara Bank Personal Loan is one of the more popular financial products offered by the bank. This loan comes with interest rates ranging from 11.40% per annum and tenures of up to 60 months. Borrow up to ₹15 Lakhs with this loan and fulfil all your urgent financial requirements. Here are all the details about the Canara Bank Personal Loan that you should know about.

Here are the interest rates and other associated charges of personal loans offered by Canara Bank:

*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.

Be sure to read through the terms and conditions of your loan agreement carefully to know any hidden costs and make an informed decision. This also helps ensure you don’t get blindsided by high prepayment charges, if any, at the time of repayment.

Listed below are the Canara Bank Personal Loan eligibility criteria you need to meet: 

1. For Salaried Individuals:

• Your age should be between 21-60 years

• You must have a minimum monthly income as specified by Canara Bank

• You should have a work experience of at least 12 months

2. For Self-employed Individuals:

• Your age should be between 21-60 years

• You must have filed an ITR for the last 3 years

• Your business must have a gross annual income as specified by Canara Bank
  

It is important to remember that these eligibility terms may vary depending on the type of loan you choose. So, be sure to check your loan-specific Canara Bank Personal Loan eligibility terms before applying.

Also, keep the following documents handy when applying for the loan:

1. For Salaried Applicants:

• Identity proof: Any one of the following

  • Driving licence

  • Aadhaar card

  • Voter ID
    

• Residential proof: Any one of the following

  • Utility bills

  • Rent agreement

  • Aadhaar card

  • Passport
    

• Passport size photographs

• PAN card

• Age proof

• Salary slips for the last 3 months

• Bank statements for the previous 3 months

• Form 16

2. For Self-employed Applicants:

• Identity proof: Any one of the following

  • Driving licence

  • Aadhaar card

  • Voter ID
    

• Residential proof: Any one of the following 

  • Utility bills

  • Rent agreement

  • Aadhaar card

  • Passport
    

• Passport size photographs

• PAN card

• Age proof

• ITR/Form 16

• Bank statements for the previous 3 months

For a specific Canara Bank Personal Loan, the documents required may vary. So, check or confirm the documents required before beginning the application to enjoy a seamless and quick process.

Here is how you can apply for a Canara Bank Personal Loan online:

• Visit the bank’s official website and click on the ‘LOANS’ option

• Navigate to ‘Personal Loan’ and select the loan option of your choice

• Slide the carousel on the screen and click on the ‘APPLY ONLINE’ option 

• Enter your personal and income details

• Provide your loan requirements and property-related details

• Submit the application

After this, a representative will contact you to process your application further.

To reach the customer care team of Canara Bank, you can use the following details:

• Toll-free Number: 1800 1030

• WhatsApp Number: 90760 30001

• Address: 5th Floor, #86, Spencer Tower, M.G Road, Bengaluru - 560 001

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort. The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.