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Canara Pension Loan

Personal loan for pensioners’ medical and genuine needs, with age-banded limits up to ₹15 lakh, nil processing charges and no prepayment penalty.

Interest rateCanara's official pension calculator displays an interest-rate range of 10.40%–11.60% p.a.; final rate depends on pensioner category and assessment.Maximum amountAge at sanction determines the maximum: below 60 years ₹15 lakh; age 60–70 ₹10 lakh; age 70–75 ₹5 lakh.TenureBelow age 60: up to 84 months; age 60–70: up to 60 months; age 70–75: up to 36 months, with age-at-full-repayment caps of 67, 75 and 78 respectively.
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Quick eligibility check

Canara Pension Loan

0 of 5 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 income threshold is published?

Published source: Minimum income

2Do you meet this requirement: Canara retired and family pensioners must maintain 40% net take-home after the loan?

Published source: Minimum income

3Do you meet this requirement: Pensioners drawing pension through Canara branches are eligible?

4Do you meet this requirement: Spouse co-obligation applies where family pension exists?

5Do you meet this requirement: family-pensioner loans require third-party guarantee or co-obligation?

0 of 5 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byCanara Bank

India; pension credited through 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 typePersonal loan for medical expenses and genuine personal needs of government, PSU, corporate and family pensioners receiving pension through Canara.View source
The product page defines purpose and eligible pensioner groups.
Source
Canara Pension
Page / section
Purpose; Eligibility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest rateCanara's official pension calculator displays an interest-rate range of 10.40%–11.60% p.a.; final rate depends on pensioner category and assessment.View source
The official calculator labels the pension-loan range 10.40%–11.60%.
Source
Canara Pension Loan Eligibility Calculator
Page / section
Interest Rate (Range)
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
BenchmarkNot published in the product page or pension calculator.View source
The page and calculator give a rate range but no benchmark.
Source
Canara Pension
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
APRNot published as a separate APR.View source
No is displayed.
Source
Canara Pension
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo fixed income threshold is published; Canara retired and family pensioners must maintain 40% net take-home after the loan.View source
Canara publishes a 40% NTH test rather than a salary minimum.
Source
Canara Pension
Page / section
Net Take Home
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum amountAge at sanction determines the maximum: below 60 years ₹15 lakh; age 60–70 ₹10 lakh; age 70–75 ₹5 lakh.View source
The official table publishes three age/amount bands.
Source
Canara Pension
Page / section
Repayment Structure for Pensioners
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenureBelow age 60: up to 84 months; age 60–70: up to 60 months; age 70–75: up to 36 months, with age-at-full-repayment caps of 67, 75 and 78 respectively.View source
Canara publishes repayment periods and full-repayment ages by band.
Source
Canara Pension
Page / section
Repayment Structure for Pensioners
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing fee100% waived.View source
The processing-charge row states 100% waived.
Source
Canara Pension
Page / section
Processing Charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo prepayment penalty.View source
No prepayment penalty is listed.
Source
Canara Pension
Page / section
Benefits
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Nil processing charges and margin
  • Age-banded limits up to ₹15 lakh
  • Repayment 36–84 months by age band
  • 40% net-take-home rule for Canara retired and family pensioners
  • No prepayment penalty
  • Online eligibility/ calculator available

Eligibility

  • Pensioners drawing pension through Canara branches are eligible. Spouse co-obligation applies where family pension exists; family-pensioner loans require third-party guarantee or co-obligation.

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

Documents the bank lists

  • Application, photographs, and residence proof
  • Pension details and bank account records
  • Spouse/co-obligant or guarantor documents where required
  • Any additional branch documents

Related official documents

Canara Pension Loan Eligibility Calculatorofficial-calculator · current · accessed 30 Aug 2026
↗
Canara Pensionofficial-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.

Rooftop Solar up to ₹2 lakh · Purpose / eligibilityResident/ with rooftop rights; 680+; no income/NTH minimum

This value is copied from Canara solar, agriculturist, pension and securities-loan terms. Check the table notes before relying on it.

Source: Canara retail and agricultural loan pages · Quantum; Interest; Eligibility; Repayment; Processing; 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 solar, agriculturist, pension and securities-loan termsPublished limits, eligibility, rates, fees, security and repayment terms from current Canara pages and calculator.View tableHide table

Scroll sideways to view every column

Canara solar, agriculturist, pension and securities-loan terms
ProductPurpose / eligibilityAmount / rateRepayment / charges
Rooftop Solar up to ₹2 lakhResident/ with rooftop rights; CIC 680+; no income/NTH minimumUp to ₹2 lakh incl. subsidy; 10% marginUp to 10 years/age 75; charges waived; subsidy ₹30,000–₹78,000
Housing to AgriculturistsAgriculturist, generally >5 irrigated or >10 dry acres; ₹5 lakh gross incomeNo upper limit subject to income; housing range 7.15%–10.00%Up to 30 years/age 75; 0.50%, ₹1,500–₹10,000 +
Canara PensionGovernment//corporate/family pensioner drawing through Canara₹5 lakh–₹15 lakh by age; rate calculator 10.40%–11.60%36–84 months by age; processing fully waived; no prepayment penalty
Canara CashApproved shares, debentures, bonds or units pledgedUp to ₹20 lakh; 50%/70% security-specific Tenure not published; 0.10%, ₹100–₹250; renewal charge repeats
Canara retail and agricultural loan pages · Quantum; Interest; Eligibility; Repayment; Processing; Security · accessed 30 Aug 2026Open official source ↗

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