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Personal, home, vehicle & other loans

Canara My Money

24×7 digital loan against eligible online term deposits, from ₹50,000 to ₹10 lakh, with bullet repayment one day before deposit maturity.

Interest rateNot published on the reviewed product page; no numeric percentage or benchmark is stated.Maximum amount₹50,000 minimum and ₹10 lakh maximum; existing customers may borrow up to 75% of the online term-deposit limit.TenureBullet repayment is due one day before the maturity date of the online term deposit.
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Quick eligibility check

Canara My Money

0 of 2 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.

1Are you this type of customer: eligibility is linked to an eligible online term deposit and existing-customer status?

Published source: Minimum income

2Do you meet this requirement: Eligible online-opened term deposits exclude recurring, , tax-saver and capital-gain deposits and deposits held by minors, joint depositors, employees, trusts, companies, and third parties?

0 of 2 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byCanara Bank

India; online Canara term-deposit customers

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 typeDigital bullet-repayment loan against an eligible online-opened Canara term deposit.View source
The page describes the scheme as funding against online term deposits with nil co-obligation.
Source
Canara My Money
Page / section
Overview; Security
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest rateNot published on the reviewed product page; no numeric percentage or benchmark is stated.View source
The full page publishes amount, margin and repayment but no rate.
Source
Canara My Money
Page / section
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 My Money
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 My Money
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo income threshold is published; eligibility is linked to an eligible online term deposit and existing-customer status.View source
The official page defines eligibility by deposit type rather than income.
Source
Canara My Money
Page / section
Eligible deposits
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum amount₹50,000 minimum and ₹10 lakh maximum; existing customers may borrow up to 75% of the online term-deposit limit.View source
Canara publishes ₹50,000–₹10 lakh and up to 75% of the online term-deposit limit.
Source
Canara My Money
Page / section
Quantum
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenureBullet repayment is due one day before the maturity date of the online term deposit.View source
The official repayment row sets maturity-linked bullet repayment.
Source
Canara My Money
Page / section
Repayment
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing feeNil processing charges.View source
The official page states processing charges are nil.
Source
Canara My Money
Page / section
Processing Charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNot separately published; the scheme requires bullet repayment one day before deposit maturity.View source
The page states maturity-linked bullet repayment but no early-closure charge.
Source
Canara My Money
Page / section
Repayment
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹50,000–₹10 lakh
  • Up to 75% of online term-deposit limit for existing customers
  • 25% margin
  • Nil processing charges
  • Nil security/co-obligation
  • End-to-end digital journey

Eligibility

  • Eligible online-opened term deposits exclude recurring, , tax-saver and capital-gain deposits and deposits held by minors, joint depositors, employees, trusts, companies, and third parties.

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

Documents the bank lists

  • Aadhaar-enabled consent for digital documentation and e-signing
  • Eligible online term deposit and Canara customer credentials

Related official documents

Canara My Moneyofficial-product-page · current · accessed 30 Aug 2026
↗

Plan before applying

Try the numbers

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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 ↗

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