Bank
Canara Bank Personal Loan 2026
Interest rate, eligibility, documents & fees
- Interest Rate
- 9.9%–15%
- Loan Amount
- Up to ₹10 lakh
- Tenure
- 12–60 mo
Canara Bank Personal Loan — Key Details
Last reviewed August 2026
- Interest rate
- 9.9% – 15% p.a.
- Loan amount
- ₹1 lakh – ₹10 lakh
- Tenure
- 12 – 60 months
- Processing fee
- 0.5%
- Minimum CIBIL score
- 650+
- Minimum monthly income
- ₹20,000
- Age
- 21 – 60 years
- Employment type
- Salaried, Government Employees
Canara Bank Personal Loan EMI
Monthly EMI at the starting rate of 9.9% p.a. Your rate may be higher.
| Loan amount | 12 months | 24 months | 36 months | 60 months |
|---|---|---|---|---|
| ₹1,00,000 | ₹8,787 | ₹4,610 | ₹3,222 | ₹2,120 |
| ₹3,00,000 | ₹26,361 | ₹13,830 | ₹9,666 | ₹6,359 |
| ₹5,00,000 | ₹43,935 | ₹23,049 | ₹16,110 | ₹10,599 |
| ₹10,00,000 | ₹87,869 | ₹46,099 | ₹32,220 | ₹21,198 |
Canara Bank Personal Loan Eligibility
- Age 21–60 years
- Monthly income ≥ ₹20,000
- CIBIL ≥ 650
- Canara Bank account for best rates
Documents Required for Canara Bank Personal Loan
Salaried
- PAN Card
- Aadhaar Card
- Salary slips (3 months)
- Bank statements
- Form 16
Self-Employed
- PAN Card
- Aadhaar Card
- ITR (2 years)
- Bank statements
Canara Bank lends mainly to salaried applicants; self-employed applications may be considered case by case.
Pros & Cons
Advantages
- Low interest rate up to 15%
- Very low processing fee (0.5%)
- Trusted PSU bank
- Good for Canara account holders
Watch out for
- Low max loan amount (₹10L)
- Primarily branch-based
- Slow processing
How to Apply for a Canara Bank Personal Loan
Canara Bank's own application process
- 1Visit Canara Bank branch
- 2Request personal loan application form
- 3Submit documents at the branch
- 4Credit decision in 5–7 working days
- 5Disbursement to Canara account
Not sure Canara Bank is right for you? Compare offers from RateCut's lending partners first.
Compare OffersCanara Bank Personal Loan — FAQs
What is the Canara Bank personal loan interest rate?
Canara Bank personal loan interest rates range from 9.9% to 15% p.a. (last reviewed August 2026). The rate you get depends on your credit score, income, employer and loan amount.
What is the minimum salary for a Canara Bank personal loan?
Canara Bank requires a minimum monthly income of about ₹20,000. It lends to: Salaried, Government Employees.
What is the processing fee for a Canara Bank personal loan?
Canara Bank charges a processing fee of 0.5%, plus 18% GST. It is usually deducted from the loan amount at disbursal.
What CIBIL score is needed for a Canara Bank personal loan?
Canara Bank generally looks for a CIBIL score of 650 or more. A score of 750+ improves your chances of getting a lower rate.
How long does Canara Bank take to disburse a personal loan?
As per Canara Bank's stated process: Disbursement to Canara account. Existing customers with pre-approved offers are usually faster.
Is Canara Bank regulated by the RBI?
Yes. Canara Bank is a public sector bank regulated by the Reserve Bank of India.
Compare Canara Bank with other lenders
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Figures last reviewed August 2026 and shown for information only. Interest rates, fees and eligibility are set by each lender and depend on your credit profile — confirm the final terms in the lender's Key Fact Statement before you sign. RateCut is a loan marketplace, not a lender.