Nowadays, when the burden of sudden expenses increases, personal loan becomes a great option.
Are you also looking for a personal loan?
If yes, then Canara Bank can be a great option for you!
Canara Bank offers personal loans up to Rs 10 lakh at low interest rates.
Let us know about the features, eligibility, required documents and application process of Canara Bank Personal Loan.
Features of Canara Bank Personal Loan:
Low Interest Rates: Canara Bank Personal Loan is available at interest rates ranging from 10.95℅ to 16.40% per annum.
Higher loan amount: You can get a maximum loan up to Rs 10 lakh.
Flexible Tenure: You can choose a loan tenure ranging from 3 years to 7 years.
Quick Loan Disbursement: After loan approval, the amount is quickly transferred to your bank account.
Online and Offline Application: You can apply online or by visiting the bank branch.
Less Documentation: Minimum documents are required for loan application.
Eligibility for Canara Bank Personal Loan:
Age: The age of the applicant should be between 21 years to 60 years.
Employment: Applicant should be a salaried employee, self-employed or a pensioner.
Minimum Income: The minimum monthly income of the applicant should be ₹15,000.
Credit Score: The applicant must have a CIBIL score of 700 or above.
Documents required for Canara Bank Personal Loan:
Aadhar card
PAN card
Income Certificate (Salary Slip, ITR Statement)
bank account details
2 passport size photographs
How to Apply for Canara Bank Personal Loan:
Online Application: You can apply online by visiting Canara Bank website.
Offline Application: You can fill the application form by visiting the nearest Canara Bank branch.
