Canara Bank Personal Loan of 30000

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Utsah Sharma
Utsah Sharma
Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.
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Piyush Bothra
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.

Canara Bank offers quick and easy personal loans of Rs. 30,000 with flexible repayment terms ranging up to 74 months. The loan can be availed online with a streamlined online document submission process. The interest rates for a Canara Bank personal loan of 30000 are competitive, giving you the best solution for your financial woes.

Personal Loan Options for 30000 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 Canara Budget DelightInstant 30000 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 with Canara Bank salary account.
  • Canara Pension for Canara Ex-Employees
  • Canara Cash –Secured personal loans issued against collateral of Shares, Debentures, Bonds and Units.

Features of Canara Bank30000 Personal Loan 

Canara Bank, one of the leading financial institutions in India, offers30000 personal loans with instant approval. Here are some of the features of Canara Bank’s personal loan of 30000,which make it an attractive choice.

  • Options of fixed or variable EMI.
  • No processing charges on Canara Budget 30000 or greater personal loan EMI plan.
  • Renewal is available after 2 years in Overdraft.
  • Maximum up to 84 months repayment tenure.

Can I get 30000 personal loan instantly from Canara Bank? 

It is possible to get an instant 30000 loan from Canara Bankwith 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 30000 loan? 

Here are a few projections of different EMI plans for a 30000 loan at an interest rate of 9.25%.

Canara Bank personal loan of 30000EMI planwith a repayment tenure of 1 year.

Month Beginning Loan Balance EMI Principal Monthly Interest Outstanding Balance
1 30000 2627 2396 231 27604
2 27604 2627 2414 213 25190
3 25190 2627 2433 194 22757
4 22757 2627 2452 175 20306
5 20306 2627 2470 157 17835
6 17835 2627 2490 137 15345
7 15345 2627 2509 118 12837
8 12837 2627 2528 99 10309
9 10309 2627 2548 79 7761
10 7761 2627 2567 60 5194
11 5194 2627 2587 40 2607
12 2607 2627 2607 20 0

Canara Bank personal loan of 30000EMI planwith a repayment tenure of 5 years.

Month Beginning Loan Balance EMI Principal Monthly Interest Outstanding Balance
1 30000 626 395 231 29605
12 25482 626 430 196 25052
24 20098 626 471 155 19626
36 14194 626 517 109 13677
48 7720 626 566 60 7153
60 622 626 621 5 0

Eligibility Criteria 30000 loan in Canara Bank

Here are the important criteria for 30000 personal loan eligibility of Canara Bank.

  • Salaried applicantsmust 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 30000 Canara Bank loan 

Here is a list of the necessary30000 personal loan documents byCanara 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 30000 Personal loan From Urban Money?

Applying for a Canara Bank personal loan of 30000from Urban Money is easy. 

  • Head to the personal loans section on Urban Money website. 
  • Select Canara Bankto enter query details.
  • Enter the Loan Amount, Monthly Net Salary, Estimated EMIs and Tenure
  • Send your request and wait for approval.

Frequently Asked Question (FAQs)

How long does it take for Canara Bank to approve a 30000 personal loan?

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

What are the interest rate ranges for Canara Bank30000 personal loans?

Canara Bank’s 30000 personal loan EMI has a starting interest rate of 9.25%.

Can I apply for a 30000 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.

Urban Money