Canara Bank offers Special Loan Package: India’s one of the leading public sector bank – Canara Bank, has announced a special loan package for employees of India’s leading institutions. The offer is part of the bank’s initiative to provide affordable and easy loan options to eligible employees.
The loan package is available for employees covered under the Higher Education Financing Agency (HEFA) framework. Under this scheme, Canara Bank is offering Housing Loans, Vehicle Loans, and Personal Loans at attractive interest rates.
Housing Loan Details
Under the housing loan scheme, employees can avail loans with a lowest EMI starting at ₹669. The loan amount can go up to 96 times of the employee’s monthly gross salary. The rate of interest starts at 7.05%, making it one of the most affordable housing loan options for eligible employees.
Vehicle Loan Details
Canara Bank is also offering vehicle loans with a minimum EMI of ₹1,527. Employees can get loans up to 90% of the vehicle’s on-road price. The interest rate begins at 7.35%, helping employees purchase vehicles at lower borrowing costs.
Personal Loan Details
For personal needs, the bank has introduced personal loans with a starting EMI of ₹1,627. Employees can avail loans up to 30 times of their monthly gross salary, with an interest rate starting from 9.35%.
➡️ Click here to calculate Loan EMI
Canara Bank, which is celebrating 120 years of trust, said the scheme aims to support employees of premier institutions by offering financial assistance at competitive rates. Interested customers can contact Canara Bank’s customer care at 1800 1030 or visit the official website www.canarabank.bank.in for more details.
