Being one among the biggest private banks in india, Canara bank is providing personal loans at very low interest rates upto 50 lakhs with less documentation. The Canara bank is offering personal loans for both the Indian Residents and NRI's
Persons who were aged above 21 years and earning an income of atleast 1.24 lakh Rupees per annum are eligible to apply personal loans from canara bank. People can avail the personal loan from a minimum amount of 50,000 Rupees and maximum of 50 Lakh Indian Rupees from canara bank.
The people can apply canara bank personal loans in a simple way by going to the nearest branch office, There at the canara branch office the people can fill and submit the personal loan application to canara bank.
The people can also apply the canara bank personal loans online in a hassle free way by going to the canara bank official website (www.canarabank.com), There at the canara bank website people can select the personal loan type that they want (secured or unsecured) and can apply it instantly.
Noramally the canara bank is reviewing the loan application and granting the personal loan amount in 2 days if the applicant all the required documents correctly while appling. The personal loan borrowers are also having the chance to repay the personal loan amout in 7 years to the canara bank.
Note: This is a Guest post written by the admin of Loans-personal.info
Saturday, April 24, 2010
Friday, March 26, 2010
Canara Bank Hikes Auto Loan Rates by 0.5%
Canara Bank, the country's largest private sector lender, on Thursday, announced to initiate a hike of up to 0.5 per cent in its auto loan rates. In addition, the bank will discontinue its 8.25% home loan scheme from March 1. HDFC too has discontinued its 8.25% home loan offer.
"Auto loans rack rates have been raised by 0.25-0.5 per cent depending on segment and tenor with effect from March 5", an Canara Bank spokesperson revealed.
Similarly, Kotak Mahindra Bank has also reported to increase its interest rates on home loans by 50 bps, while Kotak Mahindra Prime has raised auto loans rates by 50 bps from tomorrow.
Kotak Mahindra Bank's prime spokesperson said, "Lending rates reflect the increase in borrowing cost observed over the last 6-8 weeks. While we had absorbed the increase in cost for the month of February, it now needs to be passed on".
Also, the RBI has hiked the cash reserve ratio or the amount banks have to keep with RBI for zero interest by 0.75 per cent to 5.75 per cent, absorbing Rs 3,600-crore from the system, aimed to absorb excess liquidity from the system.
Currently on home-loans, Axis is extending home-loans for up to Rs 30-lakh at 8.75 per cent, loans between Rs 30-lakh to Rs 50-lakh at 9 per cent and those above Rs 50-lakh, at 9.50 per cent.
"Auto loans rack rates have been raised by 0.25-0.5 per cent depending on segment and tenor with effect from March 5", an Canara Bank spokesperson revealed.
Similarly, Kotak Mahindra Bank has also reported to increase its interest rates on home loans by 50 bps, while Kotak Mahindra Prime has raised auto loans rates by 50 bps from tomorrow.
Kotak Mahindra Bank's prime spokesperson said, "Lending rates reflect the increase in borrowing cost observed over the last 6-8 weeks. While we had absorbed the increase in cost for the month of February, it now needs to be passed on".
Also, the RBI has hiked the cash reserve ratio or the amount banks have to keep with RBI for zero interest by 0.75 per cent to 5.75 per cent, absorbing Rs 3,600-crore from the system, aimed to absorb excess liquidity from the system.
Currently on home-loans, Axis is extending home-loans for up to Rs 30-lakh at 8.75 per cent, loans between Rs 30-lakh to Rs 50-lakh at 9 per cent and those above Rs 50-lakh, at 9.50 per cent.
Monday, March 15, 2010
Canara Bank Education Loans Are Available For these Course
Canara Bank Education Loans are available for Graduation / Post graduation / Diploma / Computer education in any recognized State / Central Government / University, professional courses including Engineering / Medical, Agriculture, Veterinary, Law, Dental, Management, courses like ICWA, CA, CFA, etc., Canara Bank Education Loans are also available to the courses conducted by IIM, IISC, XLRI, NIFT etc,
Incase the course is pursued abroad, the institute should be recognized by the competent local aviation / shipping authority. For studies abroad, Canara Bank Education Loans will be made available only for Graduation and Post Graduation Courses offered by Reputed Universities and not for diplomas.
Incase the course is pursued abroad, the institute should be recognized by the competent local aviation / shipping authority. For studies abroad, Canara Bank Education Loans will be made available only for Graduation and Post Graduation Courses offered by Reputed Universities and not for diplomas.
Saturday, March 13, 2010
Canara Bank Home Loans
Canara Bank Home Loans are available for the purpose of construction or acquisition of houses or flats. Canara Bank Home Loans are also available for the renovation or repair of existent houses and flats. Customers can also buy plots with the help of Canara bank housing loans and access it to a whole lot of other related uses.
The lower ceiling of Canara Bank Home Loans is Rs. 1 lakh. The set upper limit of the loan for repair and renovation work is Rs. 10 Lakhs. Housing loans, which are lower than Rs. 1 lakh are also available from Canara Bankunder some schemes.
The lower ceiling of Canara Bank Home Loans is Rs. 1 lakh. The set upper limit of the loan for repair and renovation work is Rs. 10 Lakhs. Housing loans, which are lower than Rs. 1 lakh are also available from Canara Bankunder some schemes.
Saturday, March 6, 2010
Canara Bank Car Laons
The car loans by the Canara Bank are given for the purchase of the new vehicle, which are to be for personal use only. Canara Bank also offers loans for the purchase of pre-owned vehicle, which is not more than 3 years old.
To get the benefit of the Canara Bank car loan, the person should be a salaried person, with the gross income of Rs. 10,000 p.m. Agriculturalists and professional self employed and business men are also eligible to get loans from Canara Bank. It must be kept in mind that the car loan should be fully repaid before the individual turns 70 years of age.
The Canara Bank car loan amount that is offered to the individual does not exceed 2 times of the Net Annual Income or Net Annual Salary.
To get the benefit of the Canara Bank car loan, the person should be a salaried person, with the gross income of Rs. 10,000 p.m. Agriculturalists and professional self employed and business men are also eligible to get loans from Canara Bank. It must be kept in mind that the car loan should be fully repaid before the individual turns 70 years of age.
The Canara Bank car loan amount that is offered to the individual does not exceed 2 times of the Net Annual Income or Net Annual Salary.
Monday, February 15, 2010
Canara Bank Education Loans
There are several banks which offer education loans in India, Canara bank is one among them. Canara bank offers education loans for students who want to pursue higher education in India and abroad.
Students who are studying Undergraduate courses, Postgraduate courses and various other courses conducted by CPA in USA and CIMA in London are eligible for the educational loans from Canara bank.
The students applying for the canara bank education loan should be Indian nationals and need to secure admission through entrance test or a selection procedure in renowned institutions and universities.
The maximum amount of education loan granted by canara bank for study in India is Rs. 7.5 lacs. Students willing to study abroad can get education loan up to Rs.15 lacs from canara bank.
There is no margin for canara bank education loans up to Rs.4 lacs. For education loans above Rs.4 lacs, 5% and 15% are the margins stated for India and abroad respectively.
The time given for repayment of canara bank education loans is five to seven years. The repayment commences either six months after one gets employed or one year after the completion of the course whichever seems to be earlier.
Note - This is a Guest post written by the admin of Loansbuzz.com
Students who are studying Undergraduate courses, Postgraduate courses and various other courses conducted by CPA in USA and CIMA in London are eligible for the educational loans from Canara bank.
The students applying for the canara bank education loan should be Indian nationals and need to secure admission through entrance test or a selection procedure in renowned institutions and universities.
The maximum amount of education loan granted by canara bank for study in India is Rs. 7.5 lacs. Students willing to study abroad can get education loan up to Rs.15 lacs from canara bank.
There is no margin for canara bank education loans up to Rs.4 lacs. For education loans above Rs.4 lacs, 5% and 15% are the margins stated for India and abroad respectively.
The time given for repayment of canara bank education loans is five to seven years. The repayment commences either six months after one gets employed or one year after the completion of the course whichever seems to be earlier.
Note - This is a Guest post written by the admin of Loansbuzz.com
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