Canara Bank Personal Loan Review
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3 Comments
Canara Bank is a nationalized bank. It was established in 1906 and nationalized in 1969. In terms of business, it is one of India’s largest banks.
Loan amount
The maximum loan amount availability is only 1 lac. This is nowhere near what competitors are offering in the market.
Interest rate
The interest rate is fixed throughout the tenure at 14.5% for all borrowers. It is among the lowest rates in the market.
Charges
The processing fee is 0.5% of the loan amount. This is amongst the lowest in the market. The prepayment charges are 2% of the outstanding amount. This is a deterrent for people who plan to repay their loan ahead of schedule.
Tenure
The loan tenure ranges from 1 year to 5 years which is more or less the industry standard.
Ratings
Reputation: 3/5
Loan amount: 2/5
Interest rate: 3.5/5
Charges: 3/5
Tenure: 2.5/5
Overall: 2.75/5
Published on August 6, 2010 · Filed under: Canara Bank Personal Loan;
3 Responses to “Canara Bank Personal Loan Review”
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vishwanath kesarkar said on May 2nd, 2011 at 8:20 am
i want Rs.30000/- for purchase new two wheelar please call me 8888945399 i am working in sugar factory at indira gandhi bhartiya mahila vikas sah.s.k..ltd tambale tal- bhudargad head office at kolhapur.my salary is rs.9500/- p.m
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tank nilesh said on May 19th, 2011 at 4:52 am
hello sir my self nilesh i have accounts in canara bank in madhapar bhuj bank but here asking in give u loan in 5lakhs up to pay in tax on person so how can i do pls try it this bank managar 028322-240620 no.
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D.KANGAYAN said on March 9th, 2012 at 8:16 am
Please forward in tha personal loan
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