Searching for a personal loan? Check out Canara Bank Personal loan

When you are looking for a personal loan, it’s become difficult to choose a suitable lender. Whether you should go to a bank, NBFCs or any other financial situation. Well, when you are confused to decide, the best way is to check every lender one by one.

This is why today we will give you Canara bank personal loan details. What its features, required documents, EMI calculator, eligibility criteria, and how to apply. Please keep reading to know more.

Canara bank personal loan Features

Here are the details for Canara bank personal loan, you need to know.

• Easy and quick approval

• Loan available for both salaried and Self-employed

• Overall more than 6000 Branches all over India

• If you are working in a large company, you may get special offers, schemes and discounts

• Two types of personal loan, Canara Budget, and Canara Teachers

Canara Bank Personal loan eligibility Criteria

When you are applying for a personal loan, there are specific criteria you need to satisfy. Here are the Canara Bank personal loan eligibility criteria.

• Age – The applicant age should be between 21 Years and 65 Years.

• The applicant should be of Indian nationality.

• The applicant should be a salaried individual or self-employed professional.

• The applicant salary should be minimum of Rs 20,000 (Will vary as per city).

• The preferred credit score is 750.

Canara bank personal loan EMI Calculator

Once you have decided, you want to take an instant personal loan, the first thing you want to know is the monthly EMI. Well, to calculate it, you need to use Canara Bank Personal loan EMI calculator. You will need three things.

• Loan amount

• Rate of Interest

• Tenure

Once you put these things into the calculator, it will tell you the monthly EMI. Now, let’s see what the required documents you will need to submit are.

Required Documents for Canara Bank Personal loan

• 2 Passport Size photograph

• Aadhar card

• PAN Card

• Bank statement and salary slip for the last 3 months.

• Latest Form 16

So, these are the documents you will need to submit. Now, let’s see how you can apply for a Canara bank personal loan.

How to apply for Canara Bank personal loan

There are two ways of Applying for a Canara bank personal loan. First is, you can apply at an affiliate financial institute which has ties up with Canara Bank.

The second way is, you can directly visit a Canara bank branch. There you can ask for the details and apply for the loan.

So, now you know everything about a personal loan from Canara bank. For more info, download the official app of Canara Bank from Google play store.