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.

Month	Beginning Loan Balance	EMI	Principal	Monthly Interest	Outstanding Balance
1	300000	6515	3777	2738	296222
12	256496	6515	4174	2341	252321
24	203807	6515	4655	1860	199151
36	145050	6515	5191	1324	139858
48	79526	6515	5789	726	73737
60	6456	6515	6456	59	0

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

Month	Beginning Loan Balance	EMI	Principal	Monthly Interest	Outstanding Balance
1	300000	4124	1386	2738	298613
12	284033	4124	1532	2592	282501
24	264695	4124	1709	2415	262986
36	243130	4124	1905	2219	241225
48	219081	4124	2125	1999	216957
60	192263	4124	2370	1754	189894
72	162356	4124	2642	1482	159714
84	129005	4124	2947	1177	126059
96	91814	4124	3286	838	88527
108	50338	4124	3665	459	46674
120	4087	4124	4087	37	0

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.