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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.

RateRLLR 8.00% linked. Published effective rates by variant/risk grade: Budget Individual 12.65%–14.70%; Budget Prime with salary tie-up 9.70% (CRG 1–3) or 14.70% (CRG 4); Budget Prime without salary tie-up 10.70% (CRG 1–3) or 14.70% (CRG 4); Budget Delight 10.70% (CRG 1–3; CRG 4 not eligible); Special Package 12.40% with salary tie-up or 13.40% without.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.
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Quick eligibility check

Canara Budget

0 of 8 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.

1Do you meet this requirement: Confirmed eligible employees need at least one year of service?

Published source: Minimum income

2Do 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

3Do you meet this requirement: Applicants must be confirmed employees with at least one year of service?

4Does your annual income meet this requirement: Prime salary-credit cases require the last year's salary to be credited to a Canara salary account?

5Do you meet this requirement: net take-home must be at least 25% or ₹10,000 per month, whichever is higher?

6Document checkDo you have this required document or proof: Application, photographs, KYC and residence proof?

Published source: Minimum income

7Document checkDo you have this required document or proof: Latest six-month salary slips/salary certificate and Form 16/ITR?

Published source: Minimum income

8Document checkDo you have this required document or proof: Irrevocable salary mandate from employer where applicable?

Published source: Minimum income
0 of 8 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 ↗
RateRLLR 8.00% linked. Published effective rates by variant/risk grade: Budget Individual 12.65%–14.70%; Budget Prime with salary tie-up 9.70% (CRG 1–3) or 14.70% (CRG 4); Budget Prime without salary tie-up 10.70% (CRG 1–3) or 14.70% (CRG 4); Budget Delight 10.70% (CRG 1–3; CRG 4 not eligible); Special Package 12.40% with salary tie-up or 13.40% without.View source
The Canara table prints separate Budget Individual, Prime, Delight and Special Package rows with CRG and salary tie-up conditions.
Source
Rates of interest for retail lending schemes linked to — Canara Bank
Page / section
Other retail lending schemes, rows 9–10 — Canara Budget variants
Accessed
12 Sept 2026
Confidence
high
Open official source ↗
BenchmarkRepo Linked Lending Rate (RLLR), 8.00% in the current Canara retail table (w.e.f. 12 March 2026), with Budget variant and CRG spreads.View source
Rates of Interest of all Retail Lending Schemes are linked to ; of the Bank — 8.00% w.e.f. 12.03.2026.
Source
Rates of interest for retail lending schemes linked to — Canara Bank
Page / section
heading and Budget rows 9–10
Accessed
12 Sept 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
↗
Rates of interest for retail lending schemes linked to RLLR — Canara Bankofficial-rate-page · current · accessed 12 Sept 2026
↗

Plan before applying

Try the numbers

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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 ↗
Table 2 · 11 rows · 5 columnsCanara retail lending rates — selected schemesRows transcribed from Canara Bank's current RLLR-linked retail rate table. Effective rates are not APRs.View tableHide table

Scroll sideways to view every column

Canara retail lending rates — selected schemes
SchemePublished spread/concessionEffective rate(s)Conditions
Canara Home Loan Plus (Term Loan)8.00%0.55%–2.60% by CRG8.55%, 8.60%, 9.10%, 10.60%CRG 1–4
Canara Budget — Individual8.00%4.65%–6.70% by CRG12.65%, 12.70%, 13.20%, 14.70%CRG 1–4
Canara Budget — Prime8.00%1.70%–6.70% with salary tie-up; 2.70%–6.70% without9.70%–14.70% with tie-up; 10.70%–14.70% withoutCRG and salary tie-up
Canara Budget — Delight8.00%2.70%10.70%CRG 1–3; CRG 4 not eligible
Canara Budget — Special Package8.00%4.40% with salary tie-up; 5.40% without12.40%; 13.40%Salary tie-up condition
Canara Cash8.00%6.55%14.55%Other retail lending scheme
Canara-HEAL8.00%2.30%10.30%Other retail lending scheme
Canara Readycash8.00%1.70%9.70%Other retail lending scheme
Canara Insta Loan8.00%1.00%9.00%Other retail lending scheme
Canara Rooftop Solar CRTS–PMSGY up to ₹2 lakh8.00%−2.25% concession5.75%Up to ₹2 lakh
administrative switchover cost—0.25% of loan amountMinimum ₹250 + ; maximum ₹25,000 + Floating/fixed regime conversion for retail loans
  • The page states of 8.00% w.e.f. 12.03.2026.
  • Risk grade, borrower type, loan amount and salary tie-up determine the applicable row.
  • Published effective rates are interest rates, not calculations.
Rates of interest for retail lending schemes linked to — Canara Bank · heading; other retail lending schemes rows 6, 9–10, 12 and 20–23; switchover note · accessed 12 Sept 2026Open official source ↗

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