Canara Bank Personal Loan of 20,000

Canara Bank offers personal loans up to Rs. 20,000 with flexible repayment extending up to 74 months and renewal options. The loan can be availed for various personal expenses such as shopping, paying fees, or even medical emergencies. The interest rates for a Canara Bank personal loan of 20000 are competitive, and the processing is hassle-free with minimal documentation.

Personal Loan Options for 20000 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 20000 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 – Specially curated personal loans for retired employees of Canara Bank.
• Canara Cash – Secured personal loans issued against collateral of Shares, Debentures, Bonds and Units.

Features of Canara Bank 20000 Personal Loan 

Canara Bank, one of the leading financial institutions in India, offers 20000 personal loans with instant approval. Here are some of the features of Canara Bank’s personal loan of 20000, which make it an attractive choice.

• Options of fixed or variable EMI.
• No processing charges on Canara Budget 20000 or greater personal loan EMI plan.
• Renewal is available after 2 years in Overdraft.
• Maximum up to 84 months repayment tenure.

Can I get 20000 personal loan instantly from Canara Bank? 

It is possible to get an instant 20000 loan from Canara Bank with a pre-approved offer. Typically, Canara Bank processes low-amount loans quickly within 2-7 working days.

What is the EMI for 20000 loan? 

Here are a few projections of different EMI plans for a 20000 loan at an interest rate of 9.25%.

Canara Bank personal loan of 20000 EMI plan with a repayment tenure of 1 year.

Canara Bank personal loan of 20000 EMI plan with a repayment tenure of 2 year.

Eligibility Criteria 20000 loan in Canara Bank 

Here are the important criteria for 20000 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 20000 Canara Bank loan 

Here is a list of the necessary 20000 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 20000 Personal loan From urban money?

Applying for a Canara Bank personal loan of 20000 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.