Canara Bank Personal Loan of 10000

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Written By
Kirti Bansal
Kirti Bansal
Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.
Reviewed By
Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

If you’re in need of immediate funds to cover a personal expense or consolidate your debts, a Canara Bank personal loan of 10000 might just be the perfect solution for you. Canara Bank offers instant personal loans up to Rs. 10,000 with flexible repayment options for up to 7 years. Plus, with added benefits and special features, the Canara Bank personal loan of 10000 is a great lucrative choice. 

Personal Loan Options for 10000 in Canara Bank 

Canara Bank offers six types of personal loans.

  • Canara Home Loan Plus – Personal loan option to top up exisitng home loan.
  • Canara Budget (Prime and Delight) – Instant 10000 loan from Canara Bank for personal needs.
  • Canara Pension – Personal loan option for pensioners of government and corporate undertakings.
  • Teachers Loan – Special personal loans for teaching and non-teaching staff.
  • Canara Pension for Canara Ex-Employees – Specially curated personal loans for retired employees of Canara Bank.
  • Canara Cash – Secured personal loans issued against collateral of Shares, Bonds and Units.

Features of Canara Bank 10000 Personal Loan 

Here are some of the features of Canara Bank’s personal loan of 10000, which make it an attractive choice.

  • Options of fixed or variable EMI.
  • No processing charges on Canara Budget 10000 or greater personal loan EMI plan.
  • Renewal is available after 2 years in Overdraft.
  • Maximum up to 84 months repayment tenure.

Can I get 10000 personal loan instantly from Canara Bank? 

It is possible to get an 10000 loan from Canara Bank instantly with a pre-approved offer or a high credit score of above 700.

What is the EMI for 10000 loan? 

Here are a few projections of different EMI plans for a 10000 loan at an interest rate of 9.25%.

Canara Bank personal loan of 10000 EMI plan with a repayment tenure of 1 year.

 

Month Beginning Loan Balance EMI Principal Monthly Interest Outstanding Balance
1 10000 876 799 77 9201
2 9201 876 805 71 8397
3 8397 876 811 65 7586
4 7586 876 818 58 6769
5 6769 876 824 52 5945
6 5945 876 830 46 5115
7 5115 876 837 39 4279
8 4279 876 843 33 3436
9 3436 876 850 26 2587
10 2587 876 856 20 1731
11 1731 876 863 13 869
12 869 876 869 7 0

Canara Bank personal loan of 10000 EMI plan with a repayment tenure of 2 year.

 

Month Beginning Loan Balance EMI Principal Monthly Interest Outstanding Balance
1 10000 458 381 77 9619
12 5645 458 414 44 5230
24 454 458 454 4 0

Eligibility Criteria 10000 loan in Canara Bank 

Here are the important criteria for 10000 personal loan eligibility of Canara Bank.

  • Salaried applicants must have proven 1 year of work experience in their current company.
  • Government/Corporate employee.
  • Applicant must have a co-signer for co-obligation.

Documents Required 10000 Canara Bank loan 

Here is a list of the necessary 10000 personal loan documents by Canara Bank.

  • Identity and address proof (passport/PAN card /Voter ID card/driving license/Aadhaar)
  • Last 6 months’ salary slip for salaried.
  • Form-16 for the last 3 years.
  • Income Tax Returns for the last 3 years.
  • Delivery letter to DPN (Only for Canara Pension Personal Loan)

How to Apply for 10000 Personal loan From urban money?

Applying for a Canara Bank personal loan of 10000 from Urban Money is easy. 

  • Head to the personal loans section on Urban Money website. 
  • Select Canara Bank to enter query details.
  • Enter the Loan Amount, Monthly Net Salary, Estimated EMIs and Tenure
  • Send your request and wait for approval.

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Frequently Asked Question (FAQs)

How long does it take for Canara Bank to approve a 10000 personal loan?

Canara Bank takes 2-7 working days to approve personal loan requests.

What are the interest rate ranges for Canara Bank's 10000 personal loans?

Canara Bank’s 10000 personal loan EMI has a starting interest rate of 9.25%.

Can I apply for a 10000 Canara Bank personal loan online?

Yes, it is possible to apply for a Canara Bank personal loan online if you have a Canara Bank account.

Are there any hidden charges in Canara Bank's personal loan agreements?

Canara Bank has no hidden charges on personal loan agreements.

Urban Money