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  #1  
Old May 12th, 2012, 10:47 AM
ramarao
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Default Canara Bank Interest Rates on Personal Loan

Sir I want to take personal loan from the CANARA Bank but I have no idea about the interest rates for the loan so please can you give me the interest rates of the personal loan of the bank?
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  #2  
Old May 12th, 2012, 04:23 PM
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Default Re: Canara Bank Interest Rates on Personal Loan

Loan Amount: Six months' gross salary or Rs.1 lac whichever is less

Interest Rate: 10.5%-15%

Pre Payment Charges
2% on the outstanding liability in case of take over of the loan by other bank / FI

Service Charges
Processing Charges
0.5% of the Loan Amount with a Minimum of Rs.100 and a Maximum of Rs.500
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  #3  
Old October 11th, 2015, 01:36 PM
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Default Re: Canara Bank Interest Rates on Personal Loan

My friend want to issue Personal Loan from Canara Bank .Will you please tell how much is the Interest Rate on Personal Loan at Canara Bank?
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  #4  
Old October 11th, 2015, 01:36 PM
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Default Re: Canara Bank Interest Rates on Personal Loan

Canara Bank offers Personal Loan to individuals to purchase of durable utility articles, home appliances, computers / Laptops, electronic gadgets and to fulfill the need of money some other expenses .

Canara Bank Personal Loan detail :

Interest Rate
10.5%-15%

Tenure
Salaried 48 months
Non Salaried 36 Months

Pre Payment Charges
2% on the outstanding liability in case of take over of the loan by other bank / FI

Documents Required :

ID Proof

Address Proof

DOB Proof

Financial Docs
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  #5  
Old October 16th, 2015, 04:58 PM
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Default Re: Canara Bank Interest Rates on Personal Loan

How much is the interest rate on Personal Loan Scheme of Canara Bank for its customers I want to know about the same ?
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  #6  
Old October 16th, 2015, 04:58 PM
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Default Re: Canara Bank Interest Rates on Personal Loan

Canara Bank provide Personal Loan Scheme for benefit of employees of Corporates, PSUs, Government Departments, Institutions, etc.,

Loan Amount:

Six months' gross salary or Rs.1 lac whichever is less

Interest Rate:

10.5%-15%

Tenure
Salaried 48 months Non Salaried 36 Months

Service Charges

0.5% of the Loan Amount with a Minimum of Rs.100 and a Maximum of Rs.500

Pre Payment Charges
2% on the outstanding liability in case of take over of the loan by other bank / FI

Eligibility:

Salaried individuals :

Minimum monthly net salary of 40 % of their gross salary or Rs. 6,000/- after meeting the installment for the proposed loan, whichever is higher.

Professionals and other non-salaried persons should have a minimum annual net income of Rs. 1,50,000/-

Documents to be submitted:

Prescribed Loan Application .

2 copies of passport size photographs .

Latest Salary Certificate

Proforma Invoice of the article proposed to be purchased
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  #7  
Old October 17th, 2015, 02:30 PM
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Default Re: Canara Bank Interest Rates on Personal Loan

How much is the rate of interest on Personal Loan scheme offered by Canara Bank ? please give detail about this loan ?
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  #8  
Old October 17th, 2015, 02:33 PM
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Default Re: Canara Bank Interest Rates on Personal Loan

Canara Bank is a private sector bank in India. It offers facility of personal loan to its customers to meet need of money for personal requirements . personal requirement may includes : expenses on health , marriage , travel etc…

Canara Bank Personal Loan
Interest Rate :
10.5%-15%

Tenure :
Salaried 48 months Non Salaried 36 Months

Loan amount ::

Salaried Persons :
75% of the invoice value or
15 months of net salary or
Rs.1,00,000/-, whichever is less.

For Professionals and other non-salaried individuals :

75% of the invoice value or
to the extent of 50% of their annual net income in the immediate previous year or
Rs.1,00,000/- whichever is less.

Pre Payment Charges :

2% on the outstanding liability
(in case of take over of the loan by other bank / FI)

Service Charges :

0.5%
( of the Loan Amount with a Minimum of Rs.100 and a Maximum of Rs.50 )

Canara bank loan EMI calculator :



For more detail here is the attachment.
Attached Files
File Type: doc Canara bank personal loan.doc (36.5 KB, 18 views)
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