Canara Bank (formed from the Canara + Syndicate merger) offers competitive PSU rates with deep branch reach, plus the popular Canara Vidya Nidhi education loan and pensioner products.
Indicative Canara Bank interest rates (August 2026)
| Loan Type | Indicative Rate (onwards) |
|---|---|
| Home Loan | ~8.75% p.a. |
| Personal Loan | ~11.0% p.a. |
| Car Loan | ~8.8% p.a. |
| Education Loan | ~8.7% p.a. |
| Gold Loan | ~8.2% p.a. |
| Business Loan | ~11.8% p.a. |
| LAP Loan | ~10.0% p.a. |
Eligibility (typical)
Salaried: 21–60; pensioners via schemes. Self-employed: ITR + business proof. CIBIL 750+ for the best rate.
Application process
Apply online or in branch → documents + verification → sanction + fee → signing + disbursal.
Tips before you apply
Students: ask for Canara Vidya Nidhi before generic education loans — concessions apply. Compare Canara home rates with SBI; both are usually the market's lowest.
Frequently Asked Questions
A> Canara Bank's education loan scheme with competitive rates and easy repayment options for domestic and abroad studies.
A> Indicative starting rate ~8.75% p.a. (Aug 2026) — among the competitive PSU rates; actual rate depends on CIBIL and loan amount.
A> Yes — pensioner loan schemes for government pensioners with minimal documentation.
🏦 Open the All-Banks EMI Calculator
🚀 Open the Tool