Canara Bank Loans

Canara Bank has been serving its customers since July 1906 and has undergone various stages of growth over hundred years of excellence. Founded by Shri Ammembal Subba Rao, the bank has attained nationalization in the year 1969. The banking operations are customer friendly and the bank has emerged as the largest nationalized bank in India. Canara Bank Loans are offered to the customers to fulfill their monetary requirements.

Canara Bank provides all conventional banking facilities and various contemporary banking products. The various types of Canara Bank Loans, which are offered to the customers include:

• Personal Loan
• Home Loan
• Consumer Loan
• Vehicle Loan
• Educational Loan
• CEMAT Facilities
• Agricultural Loan

Canara Bank Car Loans

The car loans by the Canara Bank are offered for buying new or used four wheelers. The loans are given to the salaried people with regular income and those who have the capacity to repay the loan amount. Corporate firms and business people are eligible for car loans. For new car loans, there is no ceiling on the loan amount. For the used cars, the bank offers finance for the cars that are older than 5 years.

Canara Bank Home Loans

Canara Bank Home Loans are provided for the purchase or construction of houses and flats. The bank also offers loans for the renovation and furnishing of the existing house or flat. Loan amount subject to the maximum of ` 1,00,00,000 is provided to the customers. For site loans, the amount should be repaid within a period of 5 to 10 years. For other loans, the loan amount can be repaid with in 5 to 20 years.

Canara Bank Home Loans are also offered for the purchase or construction of companies or corporations.

Canara Bank Education Loans

The educational loans by Canara Bank are provided to the meritorious students and the needy students. The funds are offered to the Indian students only. The loans are granted for pursuing graduate courses, professional courses and technical courses. Finance is provided by the Canara Bank for advanced studies abroad as well.

The education loans are offered for the payment of fees, purchase of educational equipment and books. For study in India, the maximum loan amount that is provided is ` 7.50 lacs and for studies abroad , the ceiling is Rs.15 lacs. The loan amount needs to be repaid within 5 to 7 years .

Canara Bank Personal Loans

Personal loans are offered by Canara Bank to fulfill various personal needs of the customers. The personal loans are provided to all who have the ability to repay the loan amount.

Canara Bank Loans are also provided to the Non-Resident Indians.