5 months ago, my friend needed urgent cash because of her sister’s marriage. As she had the account in Canara Bank, she asked me to help with understanding their eligibility and the steps. After researching, I found that the Canara Bank personal loan maximum amount depends on the specific scheme and borrower profile. However, there is a general cap of Rs 10 lakh for standard personal loans.
What is the Maximum Amount for Canara Bank Personal Loan?
Canara Bank provides personal loans up to Rs 10 lakh for a tenure extending up to seven years. They offer floating interest rates starting at 9.95% p.a. and fixed options from around 10.40% p.a.
While processing fees are capped at 0.5% of the loan amount (within Rs 1,000 to Rs 5,000), and notably, there are no prepayment or foreclosure charges for these loans.
Salary account holders also benefit from the option of instant personal loans disbursed quickly for amounts up to Rs 1 lakh.
Beyond the standard personal loan, Canara Bank offers tailored schemes for specific borrowers.
The Canara Ready Cash scheme caters to salary account holders, extending unsecured loans ranging from Rs 50,000 to Rs 10 lakh, with repayment tenures between 12 and 60 months and reasonable processing charges.
Choose NB InstaCash to Get Up to 10 Lakhs in Your Account Instantly!
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What is the Canara Bank Personal Loan Maximum Amount?
priya
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5 months
2025-08-26T11:34:44+00:00 2025-08-26T11:34:46+00:00Comment
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