Canara Bank Personal Loan of 10000

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Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

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Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

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.