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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.

Interest rateOne-year MCLR + 0.20% on the date of disbursement; simple interest is charged half-yearly.Maximum amountMaximum ₹15,000; one consumption loan per household.TenureWithin 36 months including a one-year repayment holiday; instalments may be monthly, quarterly, half-yearly or yearly.
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Quick eligibility check

Canara Consumption Loan

0 of 7 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: the borrower must be an existing Canara borrower in an eligible calamity-declared area?

Published source: Minimum income

2Do you meet this requirement: Only existing borrowers in a declared natural-calamity area are eligible?

3Do you meet this requirement: the facility is for consumption and domestic requirements?

4Document checkDo you have this required document or proof: Application and KYC?

Published source: Minimum income

5Document checkDo you have this required document or proof: Proof of existing Canara borrowing?

Published source: Minimum income

6Document checkDo you have this required document or proof: Residence and calamity-area evidence?

Published source: Minimum income

7Document checkDo you have this required document or proof: Household and repayment details as requested by the branch?

Published source: Minimum income
0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byCanara Bank

India; eligible natural-calamity declared rural and semi-urban areas

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 typeUnsecured consumption loan for domestic needs in a natural-calamity declared area.View source
The page restricts the product to consumption/domestic needs of existing borrowers and classifies it as a clean unsecured advance.
Source
Canara Consumption Loan
Page / section
Purpose; Security
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest rateOne-year MCLR + 0.20% on the date of disbursement; simple interest is charged half-yearly.View source
The official rate row states one-year plus 0.20% and half-yearly simple interest.
Source
Canara Consumption Loan
Page / section
Rate of Interest
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
BenchmarkOne-year Marginal Cost of Funds based Lending Rate (MCLR).View source
The page links the rate to one-year .
Source
Canara Consumption Loan
Page / section
Rate of Interest
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo income minimum is published; the borrower must be an existing Canara borrower in an eligible calamity-declared area.View source
Eligibility specifies existing borrowers and area, not a numeric income threshold.
Source
Canara Consumption Loan
Page / section
Eligibility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum amountMaximum ₹15,000; one consumption loan per household.View source
The quantum row states a maximum loan of ₹15,000 and one loan per household.
Source
Canara Consumption Loan
Page / section
Quantum of Finance
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenureWithin 36 months including a one-year repayment holiday; instalments may be monthly, quarterly, half-yearly or yearly.View source
The repayment row specifies 36 months including a one-year holiday.
Source
Canara Consumption Loan
Page / section
Repayment Period
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • One consumption loan per household
  • Up to ₹15,000
  • Nil margin and clean unsecured advance
  • One-year repayment holiday within 36 months
  • Simple interest at one-year + 0.20%
  • No penal interest

Eligibility

  • Only existing borrowers in a declared natural-calamity area are eligible; the facility is for consumption and domestic requirements.

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

Documents the bank lists

  • Application and
  • Proof of existing Canara borrowing
  • Residence and calamity-area evidence
  • Household and repayment details as requested by the branch

Related official documents

Rate of Interest for Agriculture & Allied Activities — Canara Bankofficial-rate-pdf · current · accessed 12 Sept 2026
↗
Canara Consumption Loanofficial-product-page · current · accessed 30 Aug 2026
↗

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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

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Consumption Loan · Eligibility / purposeExisting borrower in calamity-declared rural/semi-urban area

This value is copied from Canara agricultural loan scheme terms. Check the table notes before relying on it.

Source: Canara agricultural loan scheme pages · Eligibility; Quantum; Margin; Security; Repayment 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 agricultural loan scheme termsPublished eligibility, limits, rates and repayment rules from four current Canara agricultural loan pages.View tableHide table

Scroll sideways to view every column

Canara agricultural loan scheme terms
ProductEligibility / purposeAmount / rateSecurity / repayment
Consumption LoanExisting borrower in calamity-declared rural/semi-urban area₹15,000; one-year + 0.20%Clean unsecured; 36 months incl. 12-month holiday
CreditTenant/oral-lessee/sharecropper groups of 4–10No overall ceiling; scale-of-finance basedHypothecation; 12 months short crops / 18 months long crops
Produce LoanFarmers storing produce; traders excluded₹75 lakh NWR/eNWR or ₹50 lakh other WHR; 25%–40% marginStock/receipt security; within shelf life, max 1 year
Debt RedemptionIndividual distressed farmer with money-lender debtLower of dues, 150% gross annual income or ₹50,000Clean advance plus land mortgage/co-obligation; 5 years
Canara agricultural loan scheme pages · Eligibility; Quantum; Margin; Security; Repayment · accessed 30 Aug 2026Open official source ↗
Table 2 · 28 rows · 4 columnsCanara agriculture and allied activities — rate schedule (updated 18 August 2026)Complete transcription of the published four-page PDF.View tableHide table

Scroll sideways to view every column

Canara agriculture and allied activities — rate schedule (updated 18 August 2026)
Product / slabRate or spreadAmount / rating / securityCondition
Various short-term and term agriculture/allied loans + 1.40%Up to ₹3 lakhExcludes agro/food processing
Kisan Credit Card — subvention7% p.a.Up to ₹3 lakhSubvention slab
Kisan Credit Card — non-subvention + 1.40%Up to ₹3 lakhOne-year wording
Kisan Credit Card + 2.30%Above ₹3 lakhSpread over
Kisan Credit Card — non-subvention + 2.30%Above ₹3 lakhOne-year wording
Various short-term and term agriculture/allied loans + 2.30%Above ₹3 lakh to ₹1 croreSpread over
Various short-term and term loans — scoring lower/middle/higher/highest + 2.20% / 2.35% / 2.80% / 3.50%₹1–2 croreScoring norms in enclosure I
Various short-term and term loans — LR/NR/MR/HR internal ratings + 2.20% / 2.55% / 2.95% / 3.75%Above ₹2 crore to ₹50 crore and externally unratedInternal rating
Externally rated AAA//A/BBB/BB/B/C&D + 1.20% / 1.30% / 1.65% / 2.60% / 3.35% / 3.50% / 4.50%Above ₹50 croreExternal rating
Additional interest on FB facilities+0.50% p.a. / +1.00%Above ₹50–100 crore / above ₹100 croreExternally unrated
Additional commission on NFB facilities+0.10% p.a.Externally unratedUntil rating or permitted waiver
Liquidity premium+0.20% / 0.25% / 0.25% / 0.30% / 0.30% / 0.45%>1–2 / >2–3 / >3–5 / >5–7 / >7–10 / >10 yearsLoaded unless exempted
Agriculture gold loan + 0.10%Up to ₹35 lakhAgriculture/allied
Agricultural gold overdraft + 0.30%Up to ₹5 lakhAgriculturist
under NRLM7%; one-year ; + 1.25% (A) / +2.00% (B)Up to ₹3 lakh; ₹3–5 lakh; above ₹5 lakhMarks-secured grade
other than NRLM7%; one-year + 1%; + 1.50% (A) / +2.25% (B)Up to ₹3 lakh; ₹3–5 lakh; above ₹5 lakhMarks-secured grade
Estate Purchase Loan + 2.80% + LP / + 6.55% + LPCollateral above 50% / otherTerm loan only
Small tractor scheme (up to 30 HP)One-year + 1.55% + LP / +2.05% + LPUp to ₹3 lakh / above ₹3 lakhLiquidity premium
Matsya SurakshaOne-year + 1.05%Standard4% if DRI-qualified and ₹15,000 quantum
Matsya ParirakshanOne-year + 1.05%Standard4% if DRI-qualified and ₹15,000 quantum
Matsya SamrudhiOne-year + 1.05%StandardFisheries/aquaculture
term loanOne-year + 1.55% + LPFarmers Producer OrganisationTerm loan
working capitalOne-year + 1.55%Farmers Producer OrganisationWorking capital
Custom Hiring Centre + 1.70% + LP / + 1.45% + LP100% / >100% immovable-security coverageFarm machinery hiring
Canara Consumption LoanOne-year + 0.20%Natural-calamity consumption loanScheme row
Agri- low/normal risk + 0.25% / +0.50%Collateral ≥100% / <100%Manufacturing and other units
Agri- moderate risk + 0.50% / +0.75%Collateral ≥100% / <100%Manufacturing and other units
Agro and food processing industries to + 0.60%Listed food, agro, cashew, coffee, milk and fish processingSeparate section
  • Updated 18 August 2026.
  • Liquidity premium applies to loans repayable beyond one year unless specifically exempted; rates shown are effective under the published schedule.
  • Agriculture/allied excludes agro and food processing; those units use the separate -to-+0.60% range.
  • Product pages supply product-specific purpose, eligibility, margin, security and repayment terms.
Rate of Interest for Agriculture & Allied Activities — Canara Bank · Pages 1–4, complete published · effective 18 Aug 2026 · accessed 12 Sept 2026Open official source ↗

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