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Canara Bank Personal Loan Rate of Interest: Everything You Need to Know in 2025
If you’re planning to take out a personal loan in 2025, knowing the Canara Bank personal loan rate of interest can help you make an informed financial decision. With competitive rates, simple eligibility criteria, and flexible EMI options, Canara Bank remains a top choice for salaried and self-employed individuals in India.
In this guide, we’ll cover everything from interest rates and eligibility to EMI calculation tools like the Canara Bank EMI Calculator and comparisons with other popular banks such as BOB, PNB, HDFC, and SBI.
📌 What Is the Canara Bank Personal Loan Rate of Interest?
As of 2025, the Canara Bank personal loan interest rate ranges from 11.15% to 14.75% per annum, depending on the applicant’s profile, credit score, and loan amount. The rates are subject to periodic changes, so it’s essential to check the bank’s official website or visit the nearest branch.
✅ Key Features:
- Loan Amount: ₹1 Lakh to ₹10 Lakhs
- Tenure: Up to 60 months
- Processing Fee: 1% to 2% of the loan amount
- No Collateral Required
- Quick Disbursal for eligible applicants
🧮 How to Calculate Your EMI with Canara Bank EMI Calculator
To estimate your monthly payments, use the Canara Bank personal loan EMI calculator available online. Simply enter:
- Loan Amount
- Tenure (in months)
- Interest Rate
The calculator provides an instant EMI estimate, helping you plan your repayment better.
🔁 Comparison With Other EMI Calculators
Here’s how Canara Bank stacks up against other banks when using their respective personal loan EMI calculators:
🔹 BOB Personal Loan EMI Calculator
- Interest Rate: Starting from 10.50% p.a.
- Flexible tenure up to 84 months
- Useful for planning long-term loans
🔹 Punjab National Bank Personal Loan EMI Calculator
- Rates from 9.75% p.a.
- Attractive for government employees
- Easy online tool to calculate EMI
🔹 HDFC Bank Personal Loan EMI Calculator
- Instant EMI estimates with processing fees
- One of the most user-friendly tools
- Best for salaried individuals
🔹 Axis Personal Loan EMI Calculator
- Interest rates start from 10.49%
- Transparent breakup of interest vs. principal
- Allows comparisons with credit card EMI options
🔹 Personal Loan EMI Calculator State Bank of India
- Trusted tool with real-time updates
- Suitable for both salaried and self-employed
- Comprehensive amortization schedule
📑 Documents Required for Canara Bank Personal Loan
- Identity Proof: Aadhaar, PAN, or Passport
- Address Proof: Utility bills or rental agreement
- Income Proof: Salary slips or bank statements
- Passport-size Photograph
- Loan application form duly filled
🎯 Eligibility Criteria
- Age: 21 to 60 years
- Minimum Income: ₹15,000/month
- Employment Type: Salaried or self-employed
- CIBIL Score: 700 and above preferred
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🧭 Conclusion
Understanding the Canara Bank personal loan rate of interest is key to choosing the right financing option for your needs. Whether you’re comparing options using the BOB, PNB, or HDFC Bank EMI calculators, or just beginning your loan journey, Canara Bank remains a reliable and transparent choice in 2025.
Don’t forget to use the Canara Bank EMI Calculator to evaluate your monthly payments and plan your finances better. Compare multiple banks, assess interest rates, and choose wisely.