Canara Bank Personal Loan

Canara Bank | Personal Loan | 05-Apr,2023

About Canara Bank: Canara Bank is one of the public sector banks in India. The bank is wholly owned and controlled by the Ministry of Finance, Government of India. It offers a wide range of consumer banking services, including savings accounts, current accounts, short-term and long-term loans, and other banking services. The bank has become very popular among people due to its excellent banking services.

Detail: Aspirants can get a personal loan for various reasons, including marriage, home renovation, and other education purposes. To apply for a personal loan from Canara Bank, applicants need to complete all the requirements for Canara bank personal loan.

Annual Percentage Rate (APR): 12.05% p.a.

Minimum & Maximum period for repayment (Loan Tenure): 3 months to 18 months

Loan processing charges: 0.5% to 1% of loan amount

Late Payment: As per the loan agreement.

Foreclosure Charges: As per the loan agreement.

Partpayment Charges: N/A

Maximum Loan Amount: Up to Rs.3 lakh or 6 to 10 times of gross salary

Canara Bank Profile

Sector : Finance

Industry : Regional Banks

Canara Bank is owned by the Government of India. It conducts all types of banking business throughout India. It was founded on July 1, 1906, in Mangalore by Ammembal Subba Rao Pai, a great visionary and philanthropist. According to sources, L.V. Prabhakar, the Managing Director and Chief Executive Officer (CEO) of Canara Bank, whose term ended on December 31, will be succeeded by Executive Director K. Satyanarayana Raju.

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You will go on the Official website.

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Loan Type

Canara Bank ROI Max Loan Amount Tenure Processing Fee Late Payment Foreclosure Charges Partpayment Charges
Personal Loan 12.05% p.a. Up to Rs.3 lakh or 6 to 10 times of gross salary 3 months to 18 months 0.5% to 1% of loan amount As per the loan agreement. As per the loan agreement. N/A
Home Loan 8.90% - 13.70% p.a. Depending on the applicant’s profile. Up to 30 years 0.5% of loan amt. (Min. Rs. 1,500 & Max. of Rs. 10,000) + GST As per the loan agreement. As per the loan agreement. N/A
Education Loan 10.75% - 11.25% Depending on the applicant’s profile. Up to 10 years As per the loan agreement. As per the loan agreement. N/A N/A

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