Canara Bank Personal Loan 2025:

Canara Bank Personal Loan 2025: If you ever find yourself in need of urgent funds for personal use, you’d want a safe and trusted bank to turn to. That’s where Canara Bank comes in. With its secure, flexible, and low-interest personal loan options, Canara Bank is making it easier than ever to get a loan online from the comfort of your home.

Under Canara Bank’s Personal Loan Scheme, you can borrow anywhere from ₹25,000 to ₹10 lakh, depending on your financial need and profile — with easy repayment terms of up to 7 years.

Key Features of Canara Bank Personal Loan 2025

  • Loan amount: ₹25,000 to ₹10,00,000
  • Interest rate starts from just 10.95% per annum
  • No security or collateral required
  • Flexible repayment tenure: up to 84 months (7 years)
  • Use for any personal purpose – marriage, travel, medical, home renovation, or debt consolidation
  • Fast approval with minimal documentation

Eligibility Criteria for Canara Bank Personal Loan

To apply for a personal loan from Canara Bank, you must meet the following eligibility conditions:

  • Must be a resident of India
  • Age between 21 to 60 years
  • Minimum monthly income: ₹15,000 or more
  • Must be either a salaried individual or a self-employed professional/business owner
  • CIBIL Score should be 720 or above (Higher score = better loan offer)

Documents Required for Canara Bank Personal Loan

Make sure you have these documents ready while applying:

  • Aadhaar Card
  • PAN Card
  • Residence Proof
  • Income Proof / Salary Slips (last 3 months)
  • Form 16 (for salaried individuals)
  • ITR for last 2 years (for self-employed)
  • Bank statement for last 6 months
  • Passport-size photo
  • Mobile number

Interest Rate & Processing Fee

  • Interest Rate: Starts at 10.95% and may go up to 16.40% per annum
  • Interest rate depends on your CIBIL score, income, and liabilities
  • Example: If your CIBIL score is above 760, you may get the loan at just 12.45% p.a.
  • Processing Fee: Around 5.5% of loan amount

How to Apply Online for Canara Bank Personal Loan?

Follow these simple steps to apply online:

  1. Visit the official Canara Bank website.
  2. On the homepage, go to the ‘Personal Loan’ section.
  3. Click on ‘Apply Online’.
  4. A new page will open with the online loan application form.
  5. Fill in all your details carefully – name, income, loan amount, tenure, etc.
  6. Upload the scanned copies of all required documents.
  7. Review and submit the application.
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