Canara Bank Personal Loan of 3 Lakh

Canara Bank offers quick and easy personal loans of Rs. 3 Lakh with flexible repayment terms ranging up to 84 months. The loan can be availed online with a streamlined online document submission process. The interest rates for a Canara Bank personal loan of 3 Lakh are competitive and based on credit score, giving you the best solution for your financial needs.

Personal Loan Options for 3 Lakh in Canara Bank

Canara Bank offers several types of personal loans.

• Canara Budget Prime and Canara Budget Delight – Instant 3 Lakh loan from Canara Bankfor personal needs.
• Canara Pension – Personal loan option for pensioners of government and corporate undertakings.
• Teachers Loan – Exclusive loan offers forteaching and non-teaching staff.
• Canara Cash – Secured personal loans issued against collateral of Shares, Debentures, Bonds and Units.

Features of Canara Bank 3 Lakh Personal Loan 

Here are some of the features of Canara Bank’s personal loan of 3 Lakh, which make it an attractive choice.

• Options of fixed or variable EMI.
• No processing charges on Canara Budget 3 Lakh or greater personal loan EMI plan.
• High quantum loans starting from 3 Lakh personal loans with instant approval
• Maximum up to 84 months repayment tenure.

Can I get 3 Lakh personal loan instantly from Canara Bank? 

It is possible to get an instant 3 Lakh loan from Canara Bank with a pre-approved offer.Canara Bank usually approves loan requests within 2-7 working days. Customers who submit all required documents upon loan application request may receive instant approval.

What is the EMI for 3 Lakh loan? 

Here are a few projections of different EMI plans for a 3 Lakh loan at an interest rate of 10.95%.

Canara Bank personal loan of 3 Lakh EMI plan with a repayment tenure of 5 years.

Canara Bank personal loan of 3 Lakh EMI plan with a repayment tenure of 10 years.

Eligibility Criteria 3 Lakh loan in Canara Bank

Here are the important criteria for 3 Lakh personal loan eligibility of Canara Bank.

• Salaried applicants must have proven 1 year of work experience in their current company.
• Government/Corporate employee.
• Self-employed applicants with a high credit score.
• Applicant must have a co-signer for co-obligation.
• Applicants with a Canara Bank salary account.

Documents Required 3 Lakh Canara Bank Loan

Here is a list of the necessary 3 Lakh 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 3years.
• Delivery letter to DPN (Only for Canara Pension Personal Loan)

How to Apply for 3 Lakh Personal loan From Urban Money?

Applying for a Canara Bank personal loan of 3 Lakh from Urban Money is easy. 

• Head to the personal loans section on Urban Money. 
• 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.