Canara Bank

Canara Bank was established in 1906 by Shri Ammembal Subba Rao Pai at Mangalore in India. The founder of the bank Shri Ammembal Subba Rao Pai was a great visionary who sensed the need of a bank in Mangalore which in those days was a small port in Karnataka. Having successfully developed over the years as a major financial conglomerate of the country Canara Bank today holds an unmatched reputation especially in South India. Known for its diverse product portfolio and excellent services and facilities Canara Bank has achieved several milestones in the financial sector in India. Personal Banking, Corporate Banking, NRI Banking and Priority & SME Credit are some of the important functions provided by the bank.

Personal Banking

Canara Bank India provides the following services under the Personal Banking section:-

• Loans
• Home Loan
• Life Insurance
• Canara Global credit Cardsv
• Canara champ deposit scheme
• Personal Loan
• Loan against Property
• General Insurance
• Canara premium current account
• SB gold scheme
• Canara super savings salary account scheme
• CANARA ROBECO Mutual Fund Products
• Overdrafts

Corporate Banking

Canara Bank provides par excellence services in Corporate Banking as well. These include,

• Syndication Services
• IPO Monitoring Activity
• Merchant Banking Services
• Accounts & Deposits
• Cash Management Services
• Loans & Advances
• TUF Schemes
• Canara electronic Tax

Apart from these, the Canara Bank also has exciting offers and packages for NRIs.

NRI Banking

• Canbank remit money scheme
• Rupee drawing arrangement
• Swift
• Bank-western union remittances scheme

Priority & SME Credit

The following facilities are listed under this service:-

• Priority Credit
• SME Business
• SME Marketing Desk
• Regional Rural Banks
• Consultancy Services related to agriculture
• Agri-Business Marketing Desk
• Rural Development
• Entrepreneurship Development for women
• Social Banking

Some of the loans provided by the Canara Bank include;

Bank Deposits

• Savings Bank Deposits
• Canara Super Savings Salary A/c
• Canara Flexi A/c
• Current Account
• Savings Bank Gold A/c
• Canara Saral
• Canara Champ
• Can Premium Current Account

Loans & Advances

• Housing Loan
• Loan for Personal Needs
• Loan for Personal needs of Teaching/Non- Teaching Staff
• Loan for Pensioners
• Loan against Security of Mortgage of Property
• Loan against approved Shares/Debentures/Mutual Funds

Canara Bank Loans

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

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.

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.

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 .

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.

Canara Bank Phone No:

22221581/582/0490/ 0491/1788/1789/ 1790/1984/1985/1986

Canara Bank Official Website :

http://www.canarabank.com/English/Home.aspx

Last Updated on May 30, 2015