Can we get personal loan from Canara Bank
Hello friends, in today’s time we have many options available for taking loan in which we either take loan from bank or take loan from any financial institution. In such a situation, we have many bank options available, in which today we are talking about Canara Bank, from where you can easily take a personal loan and that too at a low interest rate, let us know about it in detail and understand. is about
Personal loan from Canara Bank
If you take a personal loan from Canara Bank, then before that it is important for you to know how much loan this bank gives and how much interest it charges. Canara Bank gives a maximum loan amount of Rs 10 lakh to its customers and charges 10.95 to 16.40 percent interest rate on it.
- Maximum loan amount 10 lakhs
- Interest rate applicable on loan 10.95% – 16.40%
- Loan tenure up to 7 years
- Processing fee on loan up to 0.50% of the loan amount (₹1,000 to ₹5,000)
- Application through offline bank
How to take personal loan from Canara Bank
If you take a personal loan from this bank, then it is important for you to know how you can take a loan from this bank. To take a loan from this bank, you first have to go to your nearest branch of this bank and take the personal loan form and fill it completely and attach the necessary documents. After applying, it is seen whether the information given by you is correct or not, only then the loan is given to you or the applicant.
Documents required for Canara Bank Personal Loan
If you take a personal loan from this bank, then you must have all the necessary documents, which are as follows –
- Application form which is available in the bank.
- Aadhar Card of the applicant along with the form
- PAN card of the applicant
- Proof of income (ITR and bank statement of last 6 months)
- If you are employed then you have to submit your salary slip along with it.
- 2 photographs of the applicant
Maximum amount and interest available on Canara bank personal loan
If you take a personal loan from this bank, then this bank gives you a maximum loan of up to Rs 10 lakh. However, how much loan you will get depends on your CIBIL score and your income. If you take a loan from this bank, then you have to pay interest rate ranging from 10.95% – 16.40%.
Benefits of personal loan from Canara Bank
Benefits of taking loan from this bank
- You can take a maximum loan of up to Rs 10 lakh from this bank.
- The period to repay this loan is up to 7 years.
- If you make payment before time then no fee has to be paid on it.
- If you get the loan foreclosed then you do not have to pay any fee on that also.
