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Canara Budget

  • To meet genuine personal/domestic needs other than speculative purpose.

  • Confirmed employees of reputed PSUs and Joint Stock Companies
  • Confirmed Central / State Government officials
  • Lecturers / Asst. Professors / Professors of Colleges / Research Institutions and Universities.
  • IT/BT Companies.
  • Employees salary account has to be maintained with our branch
  • Minimum Net Take Home Salary should not be less than 25% or Rs.10,000/- per month whichever is higher after meeting the proposed loan installments.
  • Salaried: - Six months' gross salary or Rs.3.00 lakh whichever is less.
  • Higher quantum also considered selectively.
  • Salaried : In convenient Equated Monthly Instalments upto 60 months.
  • Salaried : Normally, Co-obligation is required equal to loan amount.
  • 0.5% of the loan amount subject to a minimum of Rs.1000/- and maximum of Rs.5000/-.
  • Stipulated Loan Application with 2 copies of passport size photographs
  • Latest Salary Certificate and Form No.16 / ITR/ITAO for last 3 years.
  • Co-obligation
  • Pronote / Pronote Covering Letter

 Frequently Asked Questions on Canara Budget

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