Personal Loan Schemes - Apply for Instant Personal Loans

Purpose	To meet any personal/domestic needs of the proposed borrower and not for speculative purpose.
Quantum	Canara Budget – Prime : 25 months’ gross salary subject to a maximum Rs. 30.00 Lakh. (Higher quantum also can be considered selectively). Canara Budget – Delight : 25 months’ gross salary subject to a maximum Rs. 20.00 Lakh. (Higher quantum also can be considered selectively).
Processing Charges	50% in applicable processing charges (Applicable charges are 0.50% of Loan Amount, Minimum of Rs 1000/-+GST and Maximum of Rs 5000/-+GST) shall be collected till 30.09.2025.
Repayment Tenure	In convenient Equated Monthly Instalments upto 84 months for Term Loan. Renewal in 2 years in Overdraft. Option for keeping the EMI fixed during the entire loan period (Term Loan). The minimum Net Take Home Pay should not be less than 25% or Rs. 10,000/- per month whichever is higher after meeting the existing and proposed loan instalments.
Security	Co-obligation of spouse/ legal heir of the borrower. Wherever spouse/legal heir of the borrower is not available, suitable Co-obligation good for the loan amount and acceptable to the Bank.

Canara Budget – Prime :
- All the confirmed employees of Central Government / State Government / Personnel from Defence and Paramilitary Forces / PSUs & Autonomous Bodies of Central & State Govt.
- Should have minimum 1 year of service & confirmed in the service.
- In case of loans sanctioned based on salary credit, salary for the last one year shall be credited in the salary account maintained with our Bank.
Canara Budget – Delight :
- All the confirmed employees of Reputed Corporates /MNCs / Public & Private Ltd. Companies/Private Institutions / Universities, Reputed Schools, Reputed Colleges, Reputed Hospitals & IT BT Companies.
- Should have minimum 1 year of service & confirmed in the service.

Canara Budget-Prime
- With Salary Tie-up: Rate of Interest ranges from RLLR+1.40% to RLLR+6.40%.
- Without Salary Tie-up: Rate of Interest ranges from RLLR+2.40% to RLLR+6.40%.
Canara Budget-Delight
With Salary Tie-up: Rate of Interest is RLLR+2.40%.
Click here for Rate of Interest

Stipulated Loan Application with 2 passport size photos of applicant / Co-applicant or guarantor.
KYC documents of applicant/Co-applicant or guarantor.
Proof of Residence (Driver’s License/Voter Id/Passport / Aadhar Card / Electricity Bill/Telephone Bill etc., /Business Proof related GST and others.
Latest 6 months’ salary slips/Salary Certificate (including Co-applicants) and Form No.16 & ITR if any.
Irrevocable Salary Mandate from Employer (wherever applicable).

Canara Budget Personal Loan: Tailored Financing for Your Needs