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We found 1 Canara Bank Personal Loan Eligibility
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12.75% Floating
1,000 to ₹5,000 One time fee
3L
5 years
Response Time : Within 30 minutes
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Canara Bank Personal Loan Eligibility is Rated as "Great!" by 90 Users

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Canara Bank Personal Loan Eligibility

Canara Bank offers a range of personal loans designed to convert financial dreams into reality. These multipurpose loans are designed to meet any personal financial need a customer could have, offering monetary relief at extremely competitive rates. Canara Bank follows a simple and hassle-free personal loan application procedure, ensuring the needs of the customer are always given priority, making it a unique feature of their banking process.

Canara Bank Personal Loan Eligibility

Applicants who wish to apply for a Canara Bank personal loan are expected to meet the following basic eligibility criteria.

Salaried Applicants

  • Work experience – Applicants should have a minimum work experience of 3 years.
  • Income – Applicants should have a minimum monthly net salary of at least Rs. 6,000/- after the instalments are deducted.
  • Account with Canara Bank – Applicants should have an operating account with Canara Bank and their salaries should be credited to this account.
  • Maximum age – Applicants should be less than 55 years to avail a personal loan. Applicants over the age of 55 can be considered for personal loans at the sole discretion of Canara Bank.
  • Employer – Applicants should be employees of reputed companies or government organisations.

Self-employed

  • Work experience – Self-employed and business professionals should have a minimum work experience of 3 years.
  • Minimum Income – Applicants should have a minimum annual net income of Rs. 1.50 lakh.

Pensioners

  • Pension – Applicants should have a regular source of pension.
  • Age – The maximum age of applicants should not exceed 70 years.

Factors affecting Canara Bank Personal Loan Eligibility

The eligibility for a Canara Bank personal loan can be affected by multiple factors, some of which are mentioned below.

  • Age – The age of an applicant plays a major role in a personal loan application, with banks being cautious about sanctioning loans to youngsters, who might be seen as free-spirited and financially unstable. Applicants approaching their retirement age might also find it hard to obtain a loan as they might not have the same disposable income to clear the loan post retirement.
  • Income– The disposable income of an applicant is crucial in determining Personal loan eligibility, with banks gauging the repayment capacity through their income. Higher the income of an applicant, higher the chances of him/her getting the loan approved.
  • Employer background – Employees of reputed organisations are likely to get their loan application sanction faster than employees of new and unknown organisations, as there is a trust factor associated with certain brands. Employees of new organisations might face income crunch if their company does not do well, casting doubts on their loan repayment capability.
  • Type of employment – Temporary or probationary employees are often not considered eligible for loans as they do not have job security. Banks prefer permanent employees as they have a regular source of income from which EMI can be deducted. Self-employed applicants need to have suitable work experience in their field to increase their eligibility for a Canara Bank personal loan.
  • Relationship with the bank – A healthy relationship with the bank is likely to boost the chances of an applicant obtaining a personal loan, as this builds trust and confidence, providing sufficient history to the bank to gauge the applicant.
  • Existing debt – Pre-existing debt liabilities might be looked down upon as they can hamper the loan repayment capacity of an individual.

How CIBIL score affects your Canara Bank Personal Loan Eligibility

Canara Bank checks the CIBIL score of an applicant before sanctioning/rejecting the loan, as a CIBIL score provides a peek into the financial life of an individual. The credit history of an applicant often reflects his/her repayment pattern, offering Canara Bank the opportunity to analyse the loan repayment capacity. Individuals with a high CIBIL score are likely to get the loan approved without major hassles, whereas applicants with poor CIBIL score will not be considered for a Canara Bank personal loan.

Applicants with an average CIBIL score might be considered for a loan, but their eligibility would depend on other factors as well.

How to increase Canara Bank Personal Loan Eligibility

Following a few simple steps could help increase an individual’s eligibility for a Canara Bank personal loan.

  • Timely payment – Timely payment of EMIs and credit card bills will reflect on the credit history, improving not just the CIBIL score but also the chances of getting a loan sanctioned.
  • Choosing longer tenure – A longer loan repayment tenure implies lower EMIs, which could meet the repayment capacity of an applicant.
  • Prepayment – Prepaying any existing loan amount ensures that an applicant is left with a higher disposable income, strengthening the loan application.
  • Mixing up the loans – A healthy mix of un secured and secured loans helps build a stronger credit report.
  • Limiting loan applications> – Multiple loan applications are reflected in the credit report, lowering the score considerably. They also end up portraying the applicant as loan hungry and desperate, hampering overall credibility.
  • Limiting loan amounts – Asking for amounts higher than needed could make bank authorities cautious. Smaller loan amounts are easier to obtain as they can be repaid easily, without burdening the applicant.
  • Maintain a steady job – Having a stable job is viewed upon positively as there is a regular source of income, limiting the chances of defaulting.

Canara Bank Personal Loans Types, Eligibility Criteria, Loan Quantum, and Interest Rates

Housing Loan:

  • Salaried individuals should have a minimum work experience of 3 years.
  • Self-employed professionals/individuals engaged in business must have been in the business/service for at least 3 years. Maximum age – Applicants should be less than 60 years to avail a personal housing loan.
  • Rate of interest:
    • For women borrowers: One Year MCLR + 0.05% and the present interest rate is 8.75%.
    • For other borrowers: One year MCLR + 0.10% and the present interest rate is 8.80%.
  • Processing fee: The processing fee applicants are required to pay is 0.5% of the total loan quantum subject to a maximum of Rs.10,000 (changes from time to time) and a minimum of Rs.1,500.

Canara Home Improvement Loan:

  • Applicants availing the loan should either be salaried professionals or individuals engaged in business/professionals.
  • Non-Resident Indians (NRIs) are also eligible to avail this loan.
  • Salaried professionals must have a monthly in-hand salary of 25% of their total gross income or Rs.2,000, after taking care of the EMIs for the proposed loan.
  • Non-salaried individuals and other professionals must have a minimum income of Rs.50,000 on a yearly basis.
  • The maximum loan quantum in this case is Rs.2 lakh. The bank may give out a higher amount depending on selective requirements.
  • Rate of interest: One Year MCLR + 2.45% and the present interest rate is 11.15%.
  • Processing fee: The applicable processing fee is is 0.5% of the total loan quantum subject to a maximum of Rs.10,000 (changes from time to time) and a minimum of Rs.1,500.

Canara Cash (Shares):

  • Applicants have to be existing customers of Canara bank with acceptable dealings.
  • Applicants can also be new customers with a good credit score and a credible introduction from an existing customer of the bank.
  • The maximum quantum of loan offered is Rs.20 lakh in case the applicant has a demat account maintained with DPs of Canara Bank or Rs.10 lakh in cash.
  • Rate of interest: One Year MCLR + 6.45% and the present interest rate is 15.15%.
  • Processing fee: The processing charge applicable is 0.1% of the total loan quantum subject to a maximum of Rs.250 and a minimum of Rs.100.

Canara Vehicle Loan:

  • Eligible applicants can be individuals, companies, private organisations, reputed firms, etc. Members of Hindu Undivided Family (HUF), however, are not eligible.
  • Salaried professionals will be required to have a gross salary of at least Rs.3 lakh. The minimum net take home (NTH) amount must not be less than 25% of their gross total salary or Rs.12,000 after the proposed EMI, whichever amount is higher.
  • Non-salaried professionals must have a minimum gross yearly income of at least Rs.3 lakh, subject to 3 years’ Gross Average Annual Income of at least Rs.2.50 lakh. The minimum net take home amount must not be less than 25% of their gross total salary or Rs.12,000 after the proposed EMI, whichever amount is higher.
  • Rate of interest:
    • Car loan for women borrowers: One Year MCLR + 0.30% to 0.85% and the present interest rate is 9.00% to 9.55%.
    • Car loan for other borrowers: One Year MCLR + 0.35% to 0.95% and the present interest rate is 9.05% to 9.65%.
    • Two-wheeler loan for women borrowers: One Year MCLR + 3.00% to 3.40% and the present interest rate is 11.70% to 12.10%.
    • Two-wheeler loan for other borrowers: One Year MCLR + 3.05% to 3.45% and the present interest rate is 911.75% to 12.15%.
  • Processing charges: The applicable processing fee will be 0.5% on the total loan amount with a maximum of Rs.5,000 and minimum of Rs.1,000.

Canara Site Loan

  • Individuals applying for a Canara Site Loan can be customers of the bank who have satisfactory dealings. New applicants will need to be properly introduced and must also have a good credit score.
  • The applicant has to be less than 60 years old.
  • NRIs may also apply for this scheme.
  • The total loan quantum will be the applicant’s gross salary/income of four years or 75% of the cost of the guideline value/site, whichever amount is less.
  • Rate of interest: One Year MCLR + 1.00% and the present interest rate is 9.70%.
  • Processing charges: The applicable processing fee is 0.5% of the total loan amount subject to a maximum of Rs.10,000 and a minimum of Rs.1,500.

Canara Budget

  • This loan can be availed to take care of domestic or personal expense, except those arising from speculative activities.
  • Applicants can be permanent employees of Public Sector Undertakings (PSUs) and Joint Stock Companies.
  • Applicants can be permanent officials of the State and Central Government, lecturers, college professors, assistant professors, and professors of universities and research institutions.
  • Applicants can be employees of BT/IT firms and organisations.
  • Employees of these companies have to have an account with Canara Bank to be able to avail this loan.
  • The minimum NTH of the applicant must not be less than Rs.10,000 per month or 25% of their gross total salary, whichever amount is higher after deduction of the proposed instalment.
  • The total loan quantum for salaried professionals is gross salary of six months or Rs.3 lakh, whichever amount is less.
  • A higher quantum of loan can also be provided after certain considerations.
  • Rate of interest:
    • With salary tie-up: One Year MCLR + 4.30% and the present interest rate is 13.00%.
    • Without salary tie-up: One Year MCLR + 5.30% and the present interest rate is 14.00%.
    • For BSNL employees: One Year MCLR + 2.30% and the present interest rate is 11.00%.
  • Processing charges: The applicable processing fee is 0.5% of the total loan amount subject to a maximum of Rs.5,000 and a minimum of Rs.1,000.

Canara Pension - General Public

  • This loan can be availed by pensioners to take care of personal and medical expenses on a daily basis.
  • The following categories of pensioners will be eligible for this loan:
    • All State and Central Government pensioners
    • All Government Department Undertakings pensioners
    • All Public Sector Undertaking pensioners and Corporate pensioners
    • Family pensioners of all categories mentioned above
  • The total loan quantum will be the pension amount for 15 months or Rs.5 lakh, whichever amount is less, subject to a 40% Net Take Home (NTH) of Gross Pension Amount after proposed instalment has been deducted.
  • Rate of interest: One Year MCLR + 3.20% and the present interest rate is 11.90%.
  • Processing charges: No processing fee applicable.

Teachers’ Loan

  • This loan can be availed by teachers/non-teachers to take care of personal and domestic expenses on a daily basis.
  • Applicants can be permanent staff members, teachers, or non-teaching staff in colleges and schools. Applicants should have a salary account with Canara Bank.
  • The net take home salary must be 30% of the total gross income or Rs.10,000 after deduction of the proposed instalment, whichever amount is higher.
  • The total loan quantum offered will either be Rs.3 lakh or gross salary of the applicant for 10 months, whichever amount is lesser.
  • Rate of interest: One Year MCLR + 3.95% and the present interest rate is 12.65%.
  • Processing charges: The applicable processing fee is 1% of the total loan amount subject to a minimum of Rs.50.

Swarna Loan (Gold Loan)

  • The loan can be availed to take care of expenses incurred during unforeseen events or medical emergencies.
  • Applicants availing the loan should be Savings Bank account holders having satisfactory dealings and a good credit score. New customers availing the loan will be required to have a proper introduction and should also have a good credit score.
  • The total quantum of the loan offered is a maximum of Rs.10 lakh and a minimum of Rs.10,000.
  • Rate of interest: One Year MCLR + 3.30% and the present interest rate is 12.00%.
  • Processing charges: The applicable processing fee is 1% of the total loan amount subject to a maximum of Rs.5,000 and a minimum Rs.1,000 per loan.

Canara Rent

  • The loan can be availed by property owners or Lessors in order for them to meet their business requirements or any other personal need against rent receivables, however, not for any speculative reasons.
  • Applicants can be existing customers of Canara Bank having satisfactory dealings and a good credit score.
  • New customers availing the loan will require to be properly introduced and should also have a satisfactory market report.
  • The maximum quantum of loan offered is 75% of the of the net rent receivable for the lease period that is unexpired, total net of TDS (Tax Deducted at Source), advance rent received, and other taxes, if any is applicable.
  • Rate of interest:
    • For Navratna Public Sector Undertakings (PSUs), Fortune 500 Companies, AAA rated firms, Insurance Companies, Banks, and Multinational Corporations: One Year MCLR + 2.00% and the present interest rate is 10.70%.
    • For properties that have been leased to Canara Bank: One Year MCLR + 1.80% and the present interest rate is 10.50%.
    • For General Firms and Companies: One Year MCLR + 2.30% and the present interest rate is 11.00%.
  • Processing Charges: The applicable processing fee is 0.5% of the total loan amount subject to a maximum of Rs.1 lakh and a minimum of Rs.5,000.

Canara Mortgage

  • This loan can be availed to take care of non-business expenses only, or to meet any unforeseen financial expenses, or urgent medical or personal requirements.
  • Applicants of the loan can be individuals having an account with Canara Bank with satisfactory dealings.
  • New customers who provide a proper introduction, a good market report, and a good credit score can also avail the loan.
  • NRI customers can also apply, however, they will be required to have their resident relatives act as co-borrowers for the loan.
  • The total quantum of the loan offered will be 50% on the value of the property offered as collateral as per the rules of the bank, subject to a maximum of Rs.10.00 crore, whichever amount is less.
  • Rate of interest: One Year MCLR + 3.00% and the present interest rate is 11.70%.
  • Processing charges: The applicable processing fee is 1% of the total loan amount subject to a maximum of Rs.50,000 and a minimum of Rs.5,000.

Housing-Cum-Solar Loan

  • Applicants can avail the loan to install grid connected Rooftop Solar Photovoltaic (PV) System on their house rooftops either without the housing loan or as part of the Home Loan.
  • Applicants can purchase solar equipment by availing a loan under this scheme if they have a persisting housing loan with Canara Bank as well.
  • Applicants can purchase solar equipment against the mortgage of the property/housing loan which provides installation of the solar equipment without the housing loan.
  • Applicants can be salaried individuals with at least 3 years of work experience.
  • Applicants can also be self-employed individuals or business professionals with a minimum work experience of 3 years.
  • The applicant should be aged less than 60 years when he/she is availing the loan.
  • Subject to a few stipulations and guidelines, applicants above 60 years of age can also avail the loan.
  • Applicants should have a free rooftops on the terrace of their houses for installation of the solar equipment.
  • Applicants should have a 25% of their gross total salary Net Take Home (NTH).
  • Rate of interest:
    • For women borrowers: One year MCLR + 0.20% and the present interest rate is 8.90%.
    • For other borrowers: One year MCLR + 0.25% and the present interest rate is 8.95%.
  • Processing charges: A nominal 0.50% is charged as processing fee subject to a maximum of Rs.10,000 and a minimum of Rs.1,000.

Canara Jeevan

  • The loan can be availed to replace income or pension.
  • Can be used for purposes like taking care of medical or family expenditure.
  • Can be used to repay an existing debt or loan.
  • Can be used to renovate or extend residential property.
  • Can be used to facilitate home maintenance and improvement, as an insurance of property.
  • Can be used to take care of any other financial need in general.
  • Applicants can be residential flat/house owners residing in India and should also be above 60 years in age.
  • The property should have a remaining life of at least 20 years.
  • Concerning flats, they should not be more than 10 years old.
  • Concerning properties that are jointly owned, the borrower who is more than 60 years old will be required to act as the first borrower.
  • Commercial properties do not qualify for this scheme.
  • Loans against ancestral property not allowed.
  • The total quantum of the loan will be dependent on the age of the property and owner. For independent houses the minimum quantum of the loan offered is Rs.5 lakh and maximum is Rs.50 lakh. For flats, the maximum quantum is Rs.25 lakh and minimum is Rs.5 lakh.
  • Rate of interest: One Year MCLR + 1.50% and the present interest rate is 10.20%.
  • Processing charges: The applicable processing fee is 0.25% of the total loan amount subject to a maximum of Rs.5,000.

Canara Consumer Loan

  • Individuals can avail the loan to meet expenses like purchase of utility articles, electronic gadgets including laptops or computers, furniture, home appliances, gadgets for individuals, esp. corporate employees to take care of the mentioned expenses.
  • Any individual can avail this loan. Examples include salaried individuals, self-employed professionals, and businessmen and businesswomen.
  • Salaried professionals will be required to have a minimum monthly net salary of 40% of their total gross salary or Rs.6,000 after deduction of the proposed instalment, whichever amount is higher.
  • Self-employed and other professionals will be required to have a minimum net income (yearly) of Rs.1.50 lakh as approved by the Income Tax Assessment Order (ITAO) or Income Tax Return (ITR).
  • The quantum of the loan offered will be:
    • For salaried professionals: 75% of the total invoice value or Rs.1 lakh or their net salary for 15 months, whichever amount is lesser.
    • For business professionals and non-salaried individuals: 75% of the total invoice value or at least 50% of their total (annual) net income in the immediate preceding year or Rs.1 lakh, whichever amount is lesser.
  • Rate of interest: One Year MCLR + 4.45% and the present interest rate is 13.15%.
  • Processing charges: The applicable processing fee is 1% of the total loan amount subject to a minimum of Rs.250.

Canara Home Loan Plus

  • The loan can be availed to take care of any expense.
  • The total loan quantum of loan offered to salaried individuals will be their gross salary for 10 months, subject to a maximum of Rs.25 lakh.
  • The net take home (NTH) of salaried individuals should not be less than 40% of their gross salary post deduction of proposed instalments.
  • The total quantum of loan offered to non-salaried professionals will be 75% of their gross income for 3 years, subject to a maximum of Rs.25 lakh.
  • Rate of interest:
    • For term loan: One Year MCLR + 2.80% and the present interest rate is 11.50%.
    • For overdraft: One Year MCLR + 3.30% and the present interest rate is 12.00%.
  • The housing loan property that has been mortgaged shall continue to act as security.

Housing Loan to Agriculturalists

  • The loan can be availed to take care of expenses such as construction/purchase of flats/houses, purchase of construction and site, and so on.
  • The loan can be availed to take care of one’s existing home loan taken from another financial institution'.
  • The loan can be availed by any agriculturalist who owns and cultivates more than 5 acres of agricultural irrigated land.
  • Applicants should have decent dealings for at least 2 years.
  • Agriculturalists who are involved in peripheral activities can also avail this loan subject to having a minimum gross annual income of Rs.5 lakh.
  • The total loan quantum to be offered will be four times the applicant’s average income.
  • For renovations and repairs, the total loan quantum offered will be Rs.15 lakh (maximum).
  • The net take home (NTH) of the applicant should be 25% of their gross total salary, subject to a minimum of Rs.10,000 after deduction of the proposed instalment.
  • Rate of interest:
    • For women borrowers: One year MCLR + 0.05% and the present interest rate is 8.75%.
    • For other borrowers: One year MCLR + 0.10% and the present interest rate is 8.80%.
  • Processing charges: The applicable processing fee is 0.50% subject to a maximum of Rs.10,000 and a minimum of Rs.1,500.

Home Loan for NRIs Scheme

  • The loan can be used for construction or purchase of a flat or house, purchase of a site and to construct a house on the same, for renovation, repair, upgradation, to acquire a second flat or house, and to take care of housing loan liabilities from Public Sector Undertakings (PSUs), and other financial institutions.
  • Loan can be borrowed by all NRIs who have valid passports and Persons of Indian Origin (PIO) who have a foreign passport.
  • The minimum age of the applicant has to be 21 years and the maximum should be 60 years.
  • Rate of interest:
    • For women borrowers: One year MCLR + 0.15% and the present interest rate is 8.85%.
    • For other borrowers: One year MCLR + 0.20% and the present interest rate is 8.90%.

Canara Vehicle to Agriculturalists

  • The loan can be availed by agriculturalists (having a significant portion of income from agriculture) who want to purchase pre-owned or brand-new four-wheelers (LMVs) of all kinds.
  • To be eligible for this loan, applicants must be owning and cultivating more than 5 acres of irrigated lands or 10 acres of dry lands under their names and must also have acceptable dealings for at least 2 years.
  • Rate of interest: One Year MCLR + 0.35% to 0.95% and the present interest rate is 9.05% to 9.65%.
  • Processing charges: The applicable processing fee is 0.25% on the total quantum of the loan, subject to a maximum of Rs.5,000 and a minimum of Rs.1,000.

Yuva Awas Rin - Canyar

  • Applicants should be salaried individuals with at least 2 years of work experience in the State or Central Government, reputed PSUs, reputed Corporates, joint stock companies, private institutions, public limited companies, IT/BT companies or they should be assistant professors, lecturer in institutes, colleges, and universities.
  • The total quantum of the loan offered will be the gross salary of the applicant for at least 6 years and for renovations and repairs, the loan amount will be Rs.15 lakh.
  • Rate of interest: One year MCLR + 0.15% and the present interest rate is 8.85%.
  • Processing charges: The applicable processing fee is 0.50% of the total quantum of the loan, subject to a maximum of Rs.10,000 and a minimum of Rs.1,500.

FAQs on Canara Bank Personal Loan Eligibility

Q. Do I need to be an existing customer of Canara Bank to avail a personal loan?

A. Yes, applicants should be existing customers of Canara Bank in order to avail a loan.

Q. Is co-obligation compulsory to avail a Canara Bank personal loan?

A. Yes, co-obligation is required to obtain a loan.

Q. Can an applicant apply for two personal loans?

A. Canara Bank might consider a second loan application, if there are no over-dues in the first loan, subject to the applicant satisfying the requisite eligibility criteria.

Personal Loan Reviews

  • Canara Bank Personal Loan
    "Processing should be simpler"
    0.5 3.0/5 "Satisfactory"
    Before 2 years I took loan with Canara Bank, I have to visit to the bank twice or thrice. When directly going to the bank to take long time finally they taken 1.5 month to disburse the loan, The interest rate is low compared to Citi, but getting guaranteer is difficult. They were charging all the processing fee too.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 05, 2018
  • Canara Bank Personal Loan
    "Good Customer service"
    0.5 5.0/5 "Blown Away!"
    I do have Canara bank personal loan , its my nodel bank I have working in debt recovery. The bank gave me best interest rate, the loan process was also quick it went very smoothly. Everything completed within half working day and disbursed the loan with 2 days.
    Was this review helpful? 3
    , bangalore
    Reviewed on Nov 30, 2018
  • Canara Bank Personal Loan
    "Its Good"
    0.5 4.0/5 "Great!"
    I took personal loan based on the saving account, they gave me the interest around 7.5% for the loan amount Rs. 4 lakhs, the bank staff are cooperative and helpful with me. They processed my application within 24 hours they disbursed the loan amount.
    Was this review helpful? 4
    , bangalore
    Reviewed on Nov 14, 2018
  • Canara Bank Personal Loan
    "Good service"
    0.5 4.5/5 "Excellent!"
    My personal loan was taken with CANARA BANK , they offered 12.99% interest rate and it is nominal in the market . There is no processing fee with this bank . The process and services was too smooth i receive my loan on time . Loan amount is 200000 and it is satisfactory .
    Was this review helpful? 8
    , bangalore
    Reviewed on Oct 22, 2018
  • Canara Bank Personal Loan
    "Best Service"
    0.5 5.0/5 "Blown Away!"
    I have taken a personal loan with Canara bank and my experience was good, the loan amount was for Rs 2 lacs with nominal interest rate when compared to other banks. Customer service was good and they responded on time; The tenure period for this loan is 3 years.
    Was this review helpful? 8
    , bangalore
    Reviewed on Sep 29, 2018
  • Canara Bank Personal Loan
    "Average Service"
    0.5 3.0/5 "Satisfactory"
    The experience i had with this personal loan had not been that great. The process has taken almost 15 days, the loan amount which they had provided had been okay. The interest rate with them has been good when compared with the other banks, their customer support and their staff responses also had been good as well.
    Was this review helpful? 4
    , chennai
    Reviewed on Sep 14, 2018
  • Canara Bank Personal Loan
    "Good overall"
    0.5 5.0/5 "Blown Away!"
    Canara Bank is doing good in the loan process as well. I have taken a personal loan. The interest rate and processing charges is normal. The customer services and response is good and the process to provide the loan was smooth. The after loan services are good too.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Aug 27, 2018
  • Canara Bank Personal Loan
    "Good service"
    0.5 3.0/5 "Satisfactory"
    The process in getting the loan had been a little slow and had taken some more time than usual. The loan amount had been satisfactory and the interest rate which they had been charging had been nominal when compared with the market rate. Their customer support and the customer support also had been good and their staff responses had been prompt as well.
    Was this review helpful? 9
    , bangalore
    Reviewed on Jul 29, 2018
  • Canara Bank Personal Loan
    "Excellent Service"
    0.5 5.0/5 "Blown Away!"
    It has been a very good service which they had provided so far. The process in getting this loan had been very good and the loan amount which they had provided had been satisfactory as well. After applying the loan has been disbursed immediately, and there hasn't been any hassle faced with the banking services.
    Was this review helpful? 5
    , chennai
    Reviewed on Jul 18, 2018
  • Canara Bank Personal Loan
    "Good service"
    0.5 5.0/5 "Blown Away!"
    I have taken personal loan from Canara bank as they have provided nominal rate of interest with zero processing fees . They instantly approved with 1-2 days . They gave the tenure period of 10 years .Payments get auto debited from my salary .
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 10, 2018
  • Canara Bank Personal Loan
    "Average Service"
    0.5 3.0/5 "Satisfactory"
    I took a personal loan from the Canara bank for 3.5 lacs, I got the loan amount with in 10 days. Some personals willing to help and sometimes some staff will not respond properly. On some instances I the experience was good but some clerks are not willing to help.
    Was this review helpful? 1
    , chennai
    Reviewed on Jun 21, 2018
  • Canara Bank Personal Loan
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    My personal loan was taken with CANARA BANK which was taken 5 years back. The loan amount was 4,.5 lakhs and the interest rate 11% which is average , The tenure period was4 years . The customer service and responses was always good . I have not faced any issues here and they have sanctioned the loan with the committed time. There is no per closure charges also.
    Was this review helpful? 2
    , new delhi
    Reviewed on Apr 17, 2018
  • Canara Bank Personal Loan
    "Good"
    0.5 3.0/5 "Satisfactory"
    My personal loan was taken with CANARA Bank 1 year back. The loan amount was 3 lakhs and the interest rate was 17% which is very high . The tenure period was 2,5 years . The whole process was very smooth and hassle free . They have sanctioned the loan with the committed time. My experience was really good.
    Was this review helpful? 0
    , bangalore
    Reviewed on Apr 12, 2018
  • Canara Bank Personal Loan
    "Mr"
    0.5 4.5/5 "Excellent!"
    My experience was very good. I am satisfied with the services. I would like to visit again in case I want to learn about other services. Thank you canara bank for the services. My experience was good and I am satisfied with the services. Would visit again if required.
    Was this review helpful? 0
    , new delhi
    Reviewed on Mar 13, 2018
  • Canara Bank Personal Loan
    "Need Improvement"
    0.5 2.0/5 "Expected more"
    The customer support is not up to the mark with the CANARA BANK, they have promised that they will disburse the personal loan within 5 working days but they took more 20 days of time. The rate of interest and the charges are average with the CANARA BANK .
    Was this review helpful? 1
    , ghaziabad
    Reviewed on Feb 13, 2018
  • Canara Bank Personal Loan
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    The customer support and the response part is excellent with the canara bank. They have disbursed my personal loan amount within 10days of time. The requested loan amount has been given and I am satisfied with it. The rate of interest and the charges are nominal with the canara bank.
    Was this review helpful? 2
    , bangalore
    Reviewed on Feb 05, 2018
  • Canara Bank Personal Loan
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    My salary account is through Canara bank so the process was very easy and smooth. They took only two days to process the loan and the response is immediate also the interest rate is fine. It is a excellent experience with Canara bank personal loan department.
    Was this review helpful? 1
    , chennai
    Reviewed on Jan 17, 2018
  • Canara Bank Personal Loan
    "Customer friendly"
    0.5 4.0/5 "Great!"
    I cleared my Canara bank personal loan, they gave me 9.5% of interest because I am an existing customer of the bank. The documentation process was easy, KYC verification on time. They gave me part payment and fore closure option. Hence I done preclosure but some charges applicable with them.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 28, 2017
  • Canara Bank Personal Loan
    "Good Loan"
    0.5 5.0/5 "Blown Away!"
    I took a Personal Loan of Rs.50000 at the 13% interest rate, which I feel is a little high percentage. Process was short. Documentation required aren't that much with them. The manager was known who did make things happen quickly. The repayment option was good with it.
    Was this review helpful? 7
    , ahmedabad
    Reviewed on Dec 21, 2017
  • Canara Bank Personal Loan
    "Below Average service"
    0.5 2.0/5 "Expected more"
    The customer support is not giving proper response to the customer with Canara bank. I was about to offer the personal loan with the canara bank , but the executives gave very negative impression so that was the reason I haven't applied for the personal loan with Canara bank.
    Was this review helpful? 5
    , bangalore
    Reviewed on Dec 07, 2017
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