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Canara Bank
Canara Bank, your financial partner for life, provides tailored Canara Bank loan solutions to meet your needs. Canara Bank offers affordable options with attractive interest rates, from home to consumer loans. With Canara Bank loans, you can realise your dreams and enjoy a secure financial future.
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Loans offered by Canara Bank
Canara Bank Loans | Interest Rate | Processing Fee | Loan Amount/Tenure | |
---|---|---|---|---|
Canara Bank Personal Loan | 10.95% - 16.4% | Up to 0.50% of loan amount (Rs 1,000 to Rs 5,000)- 50% off on processing fee | ₹1L - ₹10L Tenure(0 - 1 Years) | Know More |
Canara Bank Home Loan | 8.5% - 11.25% | Up to 1% of loan amount | ₹10L - ₹50L Tenure(1 - 30 Years) | Know More |
Canara Bank Loan Against Property | 10.3% - 12.8% | Up to 1% of the loan amount with a minimum Rs 5,000
| Up to ₹10Cr Tenure(Up to 15 Years) | Know More |
Canara Bank Business Loan | 9.5% - 11.55% | Up to 75% of applicable charges | ₹50K - ₹20Cr Tenure(1 - 10 Years) | Know More |
Features and Benefits of Canara Bank
Below are some noteworthy features and benefits of Canara Bank:
- Attractive Interest Rates: The interest rates of Canara Bank are among the best in marketing. Whether it is a Canara bank loan, fixed deposit, recurring deposit, saving account, or any other product, the bank strives to offer competitive rates, allowing customers to maximise their earnings. Moreover, the bank typically offers differential interest rates for specific segments of people, such as senior citizens, women, and rural customers, further demonstrating its commitment as one of the largest public sector banks in India.
- Extensive Branch Network: Canara Bank has over 9,877 branches nationwide, ensuring convenient access to banking services for customers. Whether the customers reside in urban or rural areas, this wide range of branch presence enables them to avail themself of in-person assistance, conduct transactions, and seek guidance from banking professionals. This strategic expansion guarantees that every individual customer’s banking needs are met with the utmost convenience and efficiency.
- Digital banking: This comprehensive platform encompasses a wide range of services, including online banking, mobile banking, UPI (Unified Payments Interface), IMPS (Immediate Payment Service), Bharat Bill Pay, BHIM Aadhaar Pay, RTGS (Real-Time Gross Settlement), NEFT (National Electronic Funds Transfer), e-KYC (Know Your Customer), e-passbook, e-statement, e-tax payment, e-mandate registration, e-NPS (National Pension System) contribution, e-FASTag application, Canara bank loan apply online, and much more. These cutting-edge digital solutions ultimately empower customers to manage their finances and conduct transactions anytime and anywhere conveniently.
- ATM Facilities: Canara Bank offers an extensive range of ATM facilities, covering all major cities and towns nationwide. Currently, the bank boasts a vast network of over 13,124 ATMs spread across the country, providing 24-hour access to cash withdrawal, balance inquiry, and other essential services. This expansive coverage of ATM facilities significantly enhances customer convenience and flexibility, empowering them with seamless access to their banking requirements without visiting a bank branch.
- Zero-balance savings account: Canara Bank offers zero-balance savings accounts for individuals who do not want to maintain a minimum balance. And, just like any other account of Canara Bank, this account also comes with a free Rupay debit card, internet banking, mobile banking, SMS alerts, and a free passbook. Thereby customers can enjoy the convenience of essential banking services without the obligation of maintaining a minimum balance, making it an attractive choice for those seeking flexibility and accessibility in their banking arrangements.
- Diversified portfolio: Canara Bank boasts a diverse portfolio of products and services which cater to the different segments of customers. This comprehensive portfolio encompasses a variety of Canara bank loans, deposit schemes, cards, insurance, mutual funds, forex services, NRI services, MSME services, agricultural services, and more. Additionally, the bank extends its reach through subsidiaries and joint ventures, covering areas such as asset management, securities, factoring, housing finance, and credit information.
- Security and Risk Management: Canara Bank emphasises the security of customers’ funds and investments. To achieve this, Canara Bank employs robust security measures, leverages advanced technology, and adheres to stringent risk management practices. Through these comprehensive efforts, the bank ensures the safety and integrity of customer funds, providing peace of mind and trust to its valued clientele.
- Customer Service: Canara Bank has a dedicated and well-trained customer care team, which is available 24×7 through toll-free numbers, email and social media platforms. This ensures that customers will be treated fairly and courteously at all times. The bank also has a grievance redressal mechanism that allows customers to register their complaints and grievances with the bank and resolve them promptly and satisfactorily.
- Financial Inclusion: Financial inclusion refers to the effort to make financial products and services accessible and affordable to all individuals and businesses, regardless of their personal net worth or company size. As a result, the bank has opened over 9 crore accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY), which provides basic banking services to the unbanked population. The bank also participates in various government schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY) and Stand Up India Scheme, which aims to provide social security and financial empowerment to the underprivileged people of the society.
- International Presence: Apart from its extensive domestic operations, Canara Bank successfully established a formidable global presence. This international presence facilitates banking services for global customers and supports international trade and finance. Presently, Canara Bank extends its services to renowned international financial centres, including London, Hong Kong, Moscow, Shanghai, Doha, Bahrain, South Africa, Dubai, Tanzania, and New York.
- Strong Legacy and Trust: Canara Bank’s rich history spans over 117 years. During these years, the Bank has established a formidable reputation and a track record of excellence, earning the trust of its customers. Besides, its unwavering commitment to upholding high standards of integrity and professionalism instils confidence in its clients, positioning the bank as the preferred choice in the financial services sector.
Canara Bank – An Overview
Canara Bank is one of the largest Indian public sector banks headquartered in Bangalore, Karnataka. The bank traces its roots back to its establishment in 1906 as the ‘Canara Bank Hindu Permanent Fund’ by the visionary Shri Ammembal Subba Rao Pai. Since then, it has grown steadily and emerged as a prominent financial institution in the country.
Presently, its services are spread over 9,877 branches and more than 13,124 ATMs across the country, with assets of INR 13.81 lakh crores (US$170 billion).
Over the course of its 117-year existence, Canara Bank has traversed multiple transformative phases, shaping its journey to its current stature. Indeed, the growth trajectory of Canara Bank has been truly phenomenal, particularly since its nationalisation in 1969. This pivotal event propelled the bank to attain the status of a national-level player, expanding its geographical reach and catering to diverse clientele segments.
However, at present, Canara Bank has established itself as one of the foremost financial institutions in India, serving individuals, small- and middle-market businesses, large corporations, and governments, offering a full range of banking, investment management and other financial products and services. These include commercial and consumer Canara bank loans, agricultural finance, mortgage banking, equipment leasing, life insurance schemes, deposit services, cash management services, card products, IPO monitoring services, transaction services, consultancy services, etc., spanning a wide spectrum of offerings.
In addition to its nationwide presence, Canara Bank has ventured beyond domestic boundaries, establishing offices in key global locations such as London, Hong Kong, Moscow, Shanghai, Doha, Bahrain, South Africa, Dubai, Sharjah, Tanzania, and New York.
Through these well-connected channels and a diverse portfolio of services, Canara Bank continually reinforces its position as a trusted partner, providing comprehensive financial solutions to meet the ever-evolving needs of its esteemed and digitally-savvy clientele.
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