Canera Bank : In today’s time when every person is short of money, taking a loan is a very good option. Canara Bank is providing you personal loan very easily. In this article, we will tell you about the entire process of taking a personal loan from Canara Bank.
Eligibility to take a loan
To take a personal loan from Canara Bank, your age should be between 21 years to 60 years. Apart from this, you should also have a permanent income source.
Online application
You can apply online to take a personal loan from Canara Bank. For this, you have to go to the official website of Canara Bank and click on the “Personal Loan” option on the home page. After this you have to fill some of your personal information like name, date of birth, PAN card number, Aadhaar number and bank account number etc.
Required documents
When you apply online, you will also have to upload some documents. These documents are as follows:
Copy of Aadhaar Card
Copy of PAN Card
Income Proof (Salary Slip or Form 16)
Address Proof (Electricity Bill or Ration Card)
Passport Size Photograph
Loan Approval Process
Once you have uploaded all the required information and documents, you will have to submit the application. After this, you will get a call from the Canara Bank official and he will take some more information from you. If everything goes well, your loan will be approved.
Loan Amount and Interest Rate Canara Bank can offer you a personal loan ranging from Rs 10,000 to Rs 3 lakh. The interest rate will be decided based on your income and credit score, but it usually ranges between 11% to 18%.
Loan Tenure and Repayment The tenure of Canara Bank Personal Loan can range from 1 year to 5 years. If you wish, you can repay the loan amount in equal monthly installments or repay it as per your convenience.
If you need money then taking a personal loan from Canara Bank is a very good option. Its process is very easy and you can apply online from home. So if you need a loan, contact Canara Bank and fulfill your needs.
