Canara Bank Personal Loan of 15,000

Get in Touch for Personal Loan Expert Advice

Connect with our Personal Loan Advisor Now!

Personalized Personal Loan solutions
Expert guidance
Application assistance
Credit score discussion
Personal Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

You hereby consent to Urban Money being appointed as your authorised representative to receive your Credit Information from CIBIL for the purpose of Credit Risk Assessment. You hereby agree to terms and conditions.

Written By

Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.

Reviewed By

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.

Canara Bank offers personal loans up to Rs. 15,000 with flexible repayment options ranging from 12 to 78 months. The loan can be availed for various personal expenses and even topping up existing home loans. The interest rates for a Canara Bank personal loan of 15000 are competitive, and the processing is hassle-free with a streamlined application process.

Personal Loan Options for 15000 in Canara Bank

Canara Bank offers six types of personal loans.

Canara Home Loan Plus – Personal loan option to offset existing home loan interests.
Canara Budget (Prime and Delight) – Instant 15000 loan from Canara Bank for personal needs.
Canara Pension – Personal loan option for pensioners of government and corporate undertakings.
Teachers Loan – Special personal option for teaching and non-teaching staff with Canara Bank salary account.
Canara Pension for Canara Ex-Employees –Personal loans with special terms for retired employees of Canara Bank.
Canara Cash – Secured personal loans issued against collateral of Shares, Debentures, Bonds and Units.

Features of Canara Bank 15000 Personal Loan

Canara Bank, one of the leading financial institutions in India, offers 15000 personal loans with instant approval. Here are some of the features of Canara Bank’s personal loan of 15000, which make it an attractive choice.

Options of fixed or variable EMI.
No processing charges on Canara Budget 15000 or greater personal loan EMI plan.
Renewal is available after 2 years in Overdraft.
Maximum up to 84 months repayment tenure.

Can I get 15000 personal loan instantly from Canara Bank?

It is possible to get an instant 15000 loan from Canara Bank with a pre-approved offer or a high credit score of above 700.

What is the EMI for 15000 loan?

Here are a few projections of different EMI plans for a 15000 loan at an interest rate of 9.25%.

Canara Bank personal loan of 15000 EMI plan with a repayment tenure of 1 year.

Month	Beginning Loan Balance	EMI	Principal	Monthly Interest	Outstanding Balance
1	15000	1314	1198	116	13802
2	13802	1314	1208	106	12595
3	12595	1314	1217	97	11379
4	11379	1314	1226	88	10153
5	10153	1314	1236	78	8918
6	8918	1314	1245	69	7673
7	7673	1314	1255	59	6418
8	6418	1314	1265	49	5154
9	5154	1314	1274	40	3881
10	3881	1314	1284	30	2597
11	2597	1314	1294	20	1303
12	1303	1314	1304	10	0

Canara Bank personal loan of 15000 EMI plan with a repayment tenure of 2 year.

Month	Beginning Loan Balance	EMI	Principal	Monthly Interest	Outstanding Balance
1	15000	687	571	116	14429
12	8467	687	622	65	7845
24	682	687	682	5	0

Eligibility Criteria 15000 loan in Canara Bank

Here are the important criteria for 15000 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 15000 Canara Bank loan

Here is a list of the necessary 15000 personal loan documents by Canara Bank.

Identity and address proof (passport/PAN card /Voter ID card/driving license/Aadhaar)
Last three 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 15000 Personal loan From urban money?

Applying for a Canara Bank personal loan of 15000 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.

Loans

Bank Wise Home Loan Eligibility Calculator

Frequently Asked Question (FAQs)

How long does it take for Canara Bank to approve a 15000 personal loan?

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

What are the interest rate ranges for Canara Bank 15000 personal loans?

Canara Bank’s 15000 personal loan EMI plans have a starting interest rate of 9.25%. The final interest rate may depend on the applicant’s credit score.

Can I apply for a 15000 Canara Bank personal loan online?

It is possible to apply for a Canara Bank personal loan online with a salary account or savings account.

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

Canara Bank has no hidden charges on personal loan agreements.