Canara Bank Personal Loan 2025: You can avail fast Rs. 10 lakhs quickly through Canara Bank online or offline. Now, you can address all your financial needs stress-free. Canara Bank offers loans ranging from Rs. 25,000 to Rs. 10,00,000, with competitive interest rates.
No collateral or co-signature is required for these personal loans, and there is no paperwork involved. You can easily address all your personal financial needs with this loan. If you are looking for a quick loan approval, you can secure a personal loan by following the instructions given by Canara Bank in this article.
Canara Bank Personal Loan 2025
| Loan Provider | Canara Bank |
| Loan Amount | Mini. Rs.25,000/- Max. Rs.10,00,000/- |
| Rate of Interest | Min. 8% p.a. Max. 15.95% p.a. |
| Loan Repayment Tenure | Man. 12 Months Max. 84 Months (7 Yrs) |
| Processing Charges | 0.50% of the loan amount |
Eligibility Criteria For Canara Bank Personal Loan 2025
Applicants for a personal loan must fulfill the following eligibility criteria.
Nationality: The applicant must be an Indian citizen.
Age Limit: The minimum age limit at the time of application should not be less than 21 years and the maximum age limit of the person at the time of paying the last installment should not be more than 60 years.
Employment: Working in any Public Limited Company or MNC or Private Limited Company with at least 1 year of work experience.
Minimum Monthly Income: The minimum monthly income should be more than Rs. 15000.
Education: Applicants must have passed at least 12th or Graduation.
CIBIL Score: Applicants must have a minimum CIBIL score of 750 to get a loan.
Other Eligibility: You will automatically see other required eligibility on the website while applying.
Documents Required
Canara Bank Personal Loan Applicant must have the following required documents.
Canara Bank Personal Loan Documents For Salaried Employees
- Address Proof: Driving License or Power Bill or Aadhar Card.
- Identity Proof: PAN Card or Aadhar Card or Voter ID Card or Driving License.
- Employment Proof: Appointment Letter or Contract Letter of the Proprietor, Employee Identity Card or Company HR Email ID or Government ID.
- Income Proof: Form No. 16, Latest Bank Statement of the last 6 months and Certificate or 6 months Salary Statement of the account where your salary is being credited.
- Other Details: Latest Coloured Passport Size Photograph, Mobile Number, Email ID, Bank Account, Signature etc.
What is Canara Bank Personal Loan?
- When you apply for Canara Bank Personal Loan 2024, securing a loan of up to Rs. 1 lakh is quick and straightforward. There is no need for extensive paperwork to get your personal loan. Canara Bank offers loans ranging from Rs. 25,000 to Rs. 1,000,000 to meet small and big financial needs.
- On this loan, the annual interest rate will range from 8% to 15.95%, which is quite competitive and attractive compared to other financial institutions. Moreover, you will be allowed a repayment period of 1 year to a maximum of 7 years for the total loan amount.
- Canara Bank offers a range of personal loan options such as vehicle loans, agricultural loans, home loans, education loans, gold loans and business loans.
Features & Advantages
The features and benefits for Canara Bank Personal Loan are as follows.
- In Canara Bank personal loan, customers can get a loan of minimum Rs 25000 to maximum Rs 10 lakh.
- The interest rate on this loan ranges from minimum 8% to maximum 15.95%.
- The applicant is given a minimum of 12 months to maximum 7 years to repay the loan.
- Processing fee and stamp duty are charged from 0% to 2% of the loan amount.
- You can apply for Canara Bank personal loan on any day as per your convenience.
You do not need to do any kind of paperwork to apply. - The minimum age limit for this loan is 21 years and the maximum age limit is 60 years.
Self-Employed
Address Proof?
- Copy of passport or electricity bill or Aadhar card.
Identity Proof?
- PAN card or Voter ID card or Driving License.
Income Proof:
- Proof of continuous income from self-employment for the last 1 to 2 years and business related documents.
Income Tax Returns Proof:
- Proof of income tax returns for the last 2 to 3 years which confirms self-employment and tax completeness and assures the lender about its financial stability.
Bank Statement:
- Latest bank statement of the last 6 to 12 months, which has clear information about business transactions.
Office Address Proof:
- Incorporation Documents or Registration Certificate or MSMEs or GST Registration Documents or Shop and Establishment Act Certificate of commercial premises.
Office Ownership Proof:
- Property documents or Office Maintenance Bill or Office Electricity Bill.
Business Existence Proof:
- Company Registration License or Tax Registration.
Other Details:
- Applicant’s recent colored passport size photograph, mobile number, email ID, signature, bank diary, etc.
Canara Bank Personal Loan Offline Form
- To apply offline and get a loan, follow the application process below.
- First of all, go to the nearest Canara Bank branch and contact the bank manager there.
- Get the offline application form for personal loan from the bank manager.
- Fill the required information carefully in the application form.
- After this, paste a passport size photograph and sign in the prescribed place.
- Get self-attested photocopies of all the required documents and attach them with the application form.
- Submit the filled application form to the same bank manager and get a receipt for submitting the application.
- After this, your documents and eligibility will be checked by the bank staff, if your eligibility and documents are correct then the loan amount will be transferred online to your bank account.
Apply Online?
To apply for Canara Bank Personal Loan 2024 step by step, applicants can easily apply for Canara Bank Personal Loan by following the information given here.
Step 1: First of all, go to the official website of Canara Bank and click on the menu bar
Step 2: After this, go to the “Loans” section and click on “Personal Loan”
Step 3: Now select the loan type and click on “Apply Online”
- Now select the loan option and click on “Apply Now”.
- After this, enter the mobile number for mobile number verification and do OTP verification.
- Now the personal loan application form will open in front of you, enter the required information in it.
- Scan all the required documents in the new page and upload the application and submit it.
- Now your submitted details will be checked by the bank staff and you will be contacted through a call for verification.
- If everything goes well and your eligibility and document details are found to be correct, then you will be approved for the loan and the loan amount will be sent to your bank account.
Important Links
| Official website | click here |
| Homepage | click here |
FAQ’s Canara Bank Personal Loan 2025
What are the interest rates of Canara Bank Personal Loan?
- In Canara Bank Personal Loan, interest rates ranging from a minimum of 10.99% to a maximum of 15.95% per annum are applicable on loans ranging from Rs 25,000 to Rs 10 lakh.
Up to what amount can a personal loan be taken from Canara Bank?
- Individuals can avail personal loans ranging from a minimum of Rs. 25,000 to a maximum of Rs. 10,00,000, depending on their eligibility and loan requirements.