Canara Bank Personal Loan Apply 2024: Friends, if you are thinking about a personal loan and where you can easily get a loan of up to ₹ 10 lakh, then this article is going to be very beneficial for you. Canara Bank is offering personal loan where you can get loan approval of up to ₹ 10 lakh in just 5 minutes. Yes, we are going to discuss this thing in detail in this article.
In this article, we are going to tell you in detail about Canara Bank Personal Loan Apply 2024. Where the bank is promising that you can easily get a loan of up to 10 lakhs in 5 minutes. Minimal documentation will be required to take a loan, here you can easily take a loan from ₹ 25,000 to ₹ 10 lakh, apart from this, talk about its interest rate i.e. interest rate where 10.99% has to be paid and you get a good amount of time for repayment. Do you want to take a personal loan from Canara Bank? Must read this article! In this, we will tell you how to take a loan from Canara Bank, complete information about the required documents, loan eligibility, application process and interest rates. Friends, in this article you will get every information related to Canara Bank Personal Loan Apply 2024.
Canara Bank Personal Loan
Through Canara Bank Personal Loan Apply 2024, you can easily get a loan of up to ₹ 10 lakh in just 5 minutes. Minimal documents will be required to take a loan, here you can easily take a loan from ₹ 25,000 to ₹ 10 lakh, apart from this, if we talk about its interest rate, then 10.99% has to be paid and you get a good amount of time for repayment. That is, you are given time from 12 months to 84 months for repayment.
Canara Bank Personal Loan Apply 2024 – Overview
| Name of the article | Canara Bank Personal Loan Apply 2024 |
| Name of bank | Canara Bank |
| Type of loan | Personal Loan |
| Amount | From Rs 25,000 to Rs 10 lakh |
| Repayment | 12 months to 84 months |
| Rate of interest | 10.99% to 15.95% p.a. |
| Processing Fees | 0.5% |
| official website | Https://www.Canarabank.Com/ |
Eligibility for Canara Bank Personal Loan
To avail a personal loan from Canara Bank, you need to fulfil the following criteria and eligibility:
- The applicant must be a resident of India.
- The age of the applicant should be between 21 to 60 years.
- The CIBIL score of the applicant should be more than 750.
- The applicant must be a permanent employee in the Central Government, State Government, or Public Sector Undertaking.
- Applicant must have a minimum of 1 year of service.
- The monthly income of the applicant should not be less than ₹15,000.
Documents Required for Canara Bank Personal Loan
- Identity Proof: PAN Card, Aadhar Card, Voter ID, Passport etc.
- Address Proof: Voter ID, Aadhaar Card, Driving License, Passport or Electricity Bill.
- Income Proof: Last 3 Months Salary Certificate, Form 16, Last 2 Year ITR Form.
- Bank statement of last 6 months.
- Recent passport size photo.
- Active mobile number and email ID.
Interest Rate for Canara Bank Personal Loan
Apart from this, if we talk about its interest rate, then it is 10.99% and you get a good amount of time for repayment. That is, here you are given a time period of 12 to 84 months.
Canara Bank Personal Loan के processing fee
- Loan Processing Fee: Just 0.5% of the loan amount (between ₹1000 to ₹5000)
- Late payment fee: 2% per month of the outstanding EMI
- Loan pre-payment fee: None
- Foreclose Fees: None at all
- GST: 18%
Repayment Time for Canara Bank Personal Loan
You apply for Canara Bank Personal Loan where you can easily get a loan amount of ₹25000 to ₹10 lakh and you will be given 7 years time for its repayment or you can say that you will be given 12 months to 84 months time.
How to Apply for Canara Bank Personal Loan 2024
Follow the following steps to apply for Canara Bank personal loan 2024:
Online Application:
- First of all you go to the official website of Canara Bank https://www.canarabank.com.
- Click on ‘Loans’ or ‘Personal Loans’ option on the home page.
- Find the ‘Apply Online’ button on the Personal Loan page and click on it.
- Fill in the required details like name, contact details, income details, etc.
- Upload Identity Proof, Income Proof, Address Proof and other required documents.
- After uploading all the information and documents, submit the form.
- After applying successfully, you will get application confirmation and further process information.
Offline Application
- Visit your nearest Canara Bank branch.
- Ask the bank representative for a personal loan application form.
- Fill the required information in the form.
- Submit Identity Proof, Income Proof, Address Proof and other required documents.
- After submitting all the details and documents, submit the form to the bank.
- Get information about further procedure and timelines from the bank representative.
Documents Required:
- Identity Proof (Aadhaar Card, Passport, Driving License)
- Address Proof (Aadhar Card, Electricity Bill, Water Bill)
- Income proof (salary slip, bank statement)
- Passport size photograph
Important Tips:
- Before applying, read all the terms and conditions of the bank and the loan interest rates carefully.
- Also check your credit history and CIBIL score, as this may affect your chances of loan approval.
Thus, by applying for Canara Bank personal loan you can fulfil your financial needs.
Benefits and Features of Canara Bank Personal Loan
Before Canara Bank Personal Loan Apply 2024, you should know about its benefits and features which are given below:
- Canara Bank is offering personal loan where you can get loan approval of up to ₹10 lakh in just 5 minutes.
- Here you can easily avail a personal loan ranging from Rs. 25,000 to Rs. 10 lakh.
- To get a loan, your credit score or civil score should be above 750.
- Apart from this, let me tell you that you can easily get a loan by applying for a loan with fewer documents.
- Apart from this, if we talk about its interest rate, where you have to pay 10.99% and you get a good amount of time for repayment.
- You are given a time period of 12 months to 84 months for repayment. Or you can also say that you get 7 years for repayment.
- Talking about its processing fee, you have to pay 0.5% and GST of 18%.
