IndiaBanks.org · independent research

Personal, home, vehicle & other loans

Canara Budget

Salaried personal loan for non-speculative domestic needs, with Prime and Delight variants, income-multiple limits up to ₹50 lakh and tenure up to 84 months.

Interest rateLower reducing-balance rate is stated, but no numeric percentage or benchmark is published on the reviewed page.Maximum amountPrime: 25 months' gross salary up to ₹50 lakh; Delight: 25 months' gross salary up to ₹40 lakh. Higher quantum may be considered selectively.TenureTerm loan repayment up to 84 months in EMIs; overdraft renewal every two years. EMI may remain fixed for the term-loan period.
Official product page ↗Compare category

Quick eligibility check

Canara Budget

0 of 6 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: No fixed rupee salary threshold is published?

Published source: Minimum income

2Do you meet this requirement: Confirmed eligible employees need at least one year of service?

Published source: Minimum income

3Do you meet this requirement: net take-home after instalments must be at least 25% or ₹10,000 per month, whichever is higher?

Published source: Minimum income

4Do you meet this requirement: Applicants must be confirmed employees with at least one year of service?

5Does your annual income meet this requirement: Prime salary-credit cases require the last year's salary to be credited to a Canara salary account?

6Do you meet this requirement: net take-home must be at least 25% or ₹10,000 per month, whichever is higher?

0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byCanara Bank

India; Canara branches

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeSalaried personal term loan or overdraft for genuine personal/domestic needs, excluding speculative purposes.View source
The official purpose says the facility meets personal/domestic needs and excludes speculation.
Source
Canara Budget
Page / section
Purpose
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest rateLower reducing-balance rate is stated, but no numeric percentage or benchmark is published on the reviewed page.View source
Canara describes lower reducing-balance pricing without a numeric rate.
Source
Canara Budget
Page / section
Benefits; complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
BenchmarkNot published on the reviewed page.View source
No benchmark or spread appears.
Source
Canara Budget
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
APRNot published on the reviewed page.View source
No is displayed.
Source
Canara Budget
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo fixed rupee salary threshold is published. Confirmed eligible employees need at least one year of service; net take-home after instalments must be at least 25% or ₹10,000 per month, whichever is higher.View source
The page publishes one-year service and the 25%/₹10,000 NTH floor, not a gross salary minimum.
Source
Canara Budget
Page / section
Eligibility; Repayment
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum amountPrime: 25 months' gross salary up to ₹50 lakh; Delight: 25 months' gross salary up to ₹40 lakh. Higher quantum may be considered selectively.View source
Canara publishes the Prime and Delight salary multiples and caps.
Source
Canara Budget
Page / section
Quantum
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenureTerm loan repayment up to 84 months in EMIs; overdraft renewal every two years. EMI may remain fixed for the term-loan period.View source
The official repayment section publishes 84-month term loans and two-year overdraft renewal.
Source
Canara Budget
Page / section
Repayment Tenure
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing fee0.50% of loan amount, minimum ₹1,000 and maximum ₹5,000. A 50% processing-charge waiver is published for 1 July 2026 to 30 September 2026.View source
Canara publishes the fee band and dated waiver.
Source
Canara Budget
Page / section
Processing Charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo prepayment penalty.View source
The official page states no prepayment penalty.
Source
Canara Budget
Page / section
Benefits
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Prime: 25 months gross salary up to ₹50 lakh
  • Delight: 25 months gross salary up to ₹40 lakh
  • Up to 84-month term-loan repayment
  • Overdraft renewal every two years
  • 0.50% processing fee, ₹1,000–₹5,000
  • No prepayment penalty
  • 50% processing-charge waiver from 1 July 2026 to 30 September 2026

Eligibility

  • Applicants must be confirmed employees with at least one year of service. Prime salary-credit cases require the last year's salary to be credited to a Canara salary account; net take-home must be at least 25% or ₹10,000 per month, whichever is higher.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Application, photographs, and residence proof
  • Latest six-month salary slips/salary certificate and Form 16/
  • Irrevocable salary mandate from employer where applicable

Related official documents

Canara Budgetofficial-product-page · current · accessed 30 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

IBA Skill Loan · Amount / income₹5,000–₹7.50 lakh; NSQF-aligned course

This value is copied from Canara education, healthcare, deposit-backed and personal-loan terms. Check the table notes before relying on it.

Source: Canara loan product pages · Quantum; Eligibility; Repayment; Charges; Security Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 4 rows · 4 columnsCanara education, healthcare, deposit-backed and personal-loan termsPublished limits, eligibility, fees and repayment terms from the four official Canara product pages.View tableHide table

Scroll sideways to view every column

Canara education, healthcare, deposit-backed and personal-loan terms
ProductAmount / incomeTenureFees / security
IBA Skill Loan₹5,000–₹7.50 lakh; NSQF-aligned course3–7 years by quantum; 6–12-month moratoriumNil margin, processing and collateral; CGFSSD cover
Canara Heal₹25,000–₹5 lakh; ₹50,000 salary credit or balance; CIC 700+; age 21–5512–36 months including 2-month moratoriumNil margin/security; charges as applicable; health insurance mandatory
Canara My Money₹50,000–₹10 lakh; up to 75% online term-deposit limitBullet one day before deposit maturity25% margin; nil processing and security; eligible deposits only
Canara BudgetPrime 25× salary up to ₹50 lakh; Delight 25× up to ₹40 lakh; NTH 25% or ₹10,000Term loan up to 84 months; overdraft renewal every 2 years0.50%, ₹1,000–₹5,000; co-obligation; no prepayment penalty
Canara loan product pages · Quantum; Eligibility; Repayment; Charges; Security · accessed 30 Aug 2026Open official source ↗

More from Canara Bank

Related products

Canara Agricultural DRI Loan

Differential Rate of Interest agricultural loan for very low-income borrowers, up to ₹15,000 for agriculture or ₹20,000 for housing at a simple 4% rate.

View product

Canara Cash

Loan or overdraft against approved investments, up to ₹20 lakh with security-specific and minimum 30% margin.

View product

Canara Consumption Loan

Small unsecured consumption finance for existing borrowers in natural-calamity affected rural and semi-urban areas, up to ₹15,000 with a one-year repayment holiday.

View product

Canara Scheme for Redemption of Debts

Term finance for distressed farmers to redeem eligible non-institutional debt, capped at the lower of the documented dues, 150% of gross annual income or ₹50,000.

View product