CANARA BANK PERSONAL LOAN
OtherAbout Canara Bank Personal Loan
- Canara Bank offers Canara Budget personal loan scheme to meet the personal requirements of the applicants at competitive interest rates.
- Prospective borrowers can apply online with quick loan approval and disbursal.
- The lender offers a loan amount of up to Rs. 30 lakh with flexible repayment tenure.
- No prepayment penalty is levied on the borrower at the time of prepayment.
- General pensioners and family pensioners drawing their pension from Canara Bank can also avail personal loans from Canara Bank.
Canara Bank Personal Loan Highlights
- Interest Rate: 9.70% -15.15% p.a.
- Loan Amount: Up to Rs. 30 lakh
- Loan Tenure: Up to 7 years
- Processing Fees: Up to 0.50% of the loan amount (Rs 1,000 to Rs 5,000)- 50% off on processing fee
Rates as of 9th March 2026
Canara Bank Personal Loan Interest Rates
Canara Bank Personal Loan interest rates start from 9.70% p.a. Canara Bank sets its personal loan interest rates based on the types of its personal loan schemes and the applicant’s salary account relationship with the bank. While the cut-off credit score for availing Canara Bank Personal loan has not been disclosed, the bank has mentioned the interest rate differentiation based on the credit score-based risk grade for its personal loan applicants.
Canara Bank Floating Interest Rates
Canara Bank- Individual
Credit Score-Based Risk GradeInterest Rates (p.a.)CRG:112.65%CRG:212.70%CRG:313.20%CRG:414.70%
Canara Budget- Prime (with salary tie-up)
Credit Score-Based Risk GradeInterest Rates (p.a.)CRG:19.70%CRG:29.70%CRG:39.70%CRG:414.70%
Canara Budget- Prime (without salary tie-up)
Credit Score-Based Risk GradeInterest Rates (p.a.)CRG:110.70%CRG:210.70%CRG:310.70%CRG:414.70%
Canara Budget- Delight (with salary tie-up)
Credit Score-Based Risk GradeInterest Rates (p.a.)CRG:110.70%CRG:210.70%CRG:310.70%CRG:4Not Eligible
Canara Budget Special Package
Relationship with the bankInterest Rates (p.a.)With salary tie-up12.40%Without salary tie-up13.40%
Canara Pension Loan
Type of PensionersInterest Rates (p.a.)General Public10.75%
Canara Bank Personal Loan Fixed Interest Rates
Canara Budget- Individual
Credit Score-Based Risk GradeInterest Rates (p.a.)CRG:113.10%CRG:213.15%CRG:313.65%CRG:415.15%
Canara Budget- Prime (with salary tie-up)
Credit Score-Based Risk GradeInterest Rates (p.a.)CRG:110.15%CRG:210.15%CRG:310.15%CRG:415.15%
Canara Budget- Prime (without salary tie-up)
Credit Score-Based Risk GradeInterest Rates (p.a.)CRG:111.15%CRG:211.15%CRG:311.15%CRG:415.15%
Canara Budget- Delight (with salary tie-up)
Credit Score-Based Risk GradeInterest Rates (p.a.)CRG:111.15%CRG:211.15%CRG:311.15%CRG:4Not eligible for the loan
Canara Pension Loan
Type of PensionersRate of Interest (p.a.)General Public11.25%
Canara Bank Personal Loan Processing Fees and Charges
Processing Charges:
SchemeProcessing ChargesCanara BudgetUp to 0.50% of the loan amount (Rs 1,000 to Rs 5,000)- 50% off on processing feeCanara PensionNIL
Prepayment Charges:
Canara Bank does not charge any prepayment charges from its personal loan applicants. There are no restrictions on the prepayment of Canara Bank Personal Loan.
Compare the processing fees for personal loan levied by top personal loan lenders
Types of Personal Loans offered by Canara Bank
Canara Ready Cash
Purpose: Canara Ready Cash is a pre-approved personal loan scheme offered to existing salaried customers of Canara Bank to meet their personal requirements other than speculation.
Loan Amount: Rs 50,000-Rs 10 lakh
Tenure: 1 year to 5 years
Canara Heal Healthcare Loan
Purpose: Canara Bank offers Canara Heal Healthcare scheme to its existing as well as new customers for financing the hospital expenses while settling claims of self or dependents.
Loan Amount: Rs 1 lakh- Rs 5 lakh
Tenure: 1-3 years
Canara Budget
Purpose: Personal loan for government/PSU employees, teaching professionals of top institutes/universities and employees of top private sector companies
Loan Amount:
- 6 months’ gross salary or up to Rs 3 lakh, whichever is lower
- Higher quantum considered in selective cases
Tenure: Up to 5 years
Processing Fees: 0.5% of the loan amount, subject to Rs 1,000- Rs 5,000
Canara Pension- General Public
Purpose: Canara Bank offers pension loan to meet the personal needs of pensioners
Loan Amount and Tenure:
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