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| COMPARE : PERSONAL LOAN |
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| Canara Bank Personal Loan |
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| Introduction |
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| Canara Bank provides a simple Personal Loan Scheme exclusively for the benefit of employees of Corporates, PSUs, Government Departments, Institutions, etc., and also Non salaried class like ; professional/self employed, businessmen. This loan is offered to meet genuine personal needs other than speculative purpose. |
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| Highlights |
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Salaried |
Self Employed |
| Loan Scheme |
Canara Budget |
Canara Budget |
| Loan Type |
Term Loan |
Term Loan |
| Loan Amount |
Six months' gross salary or Rs.1 lakh whichever is less.
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50% of average gross annual income of the applicant for last 3 years subject to maximum of Rs.1 lakh
Higher quantum also considered selectively.
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| Tenure |
Min. - 12 months.
Max. - 48 months.
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Min. - 12 months.
Max. - 36 months.
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| Interest Rate |
Min. - 14.2 %
Max. - 14.2 %
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Min. - 15.2 %
Max. - 15.2 %
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| Time to Process Loan |
5 days |
5 days |
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 Fees & charges
Fees & charges
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Salaried |
Self Employed |
| Processing Fee |
0.5 % |
0.5 % |
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Security
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Security |
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Salaried : Normally, Co-obligation is required equal to loan amount.
Non-Salaried : Suitable co-obligation good for the loan amount is required. |
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Show All Personal Loans
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