Check your Canara Bank business loan eligibility. Rate: 10.85 - 14.85% p.a. Max amount: ₹2.50 Cr.
Canara Bank offers business loan at an interest rate of 10.85 - 14.85% p.a. with a maximum tenure of 5 years. The maximum loan amount is ₹2.50 Cr with a minimum monthly income requirement of ₹30,000.
| Loan Amount | Monthly EMI | Total Interest | Min Income Required |
|---|---|---|---|
| ₹5 Lakh | ₹10,834 | ₹1,50,040 | ₹25,796/mo |
| ₹10 Lakh | ₹21,668 | ₹3,00,080 | ₹51,591/mo |
| ₹15 Lakh | ₹32,502 | ₹4,50,120 | ₹77,386/mo |
| ₹20 Lakh | ₹43,335 | ₹6,00,100 | ₹1,03,179/mo |
| ₹25 Lakh | ₹54,169 | ₹7,50,140 | ₹1,28,974/mo |
| ₹30 Lakh | ₹65,003 | ₹9,00,180 | ₹1,54,770/mo |
| ₹50 Lakh | ₹1,08,338 | ₹15,00,280 | ₹2,57,948/mo |
| ₹1 Crore | ₹2,16,677 | ₹30,00,620 | ₹5,15,898/mo |
Canara Bank Business Loan interest rate ranges from 10.85 - 14.85% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
Canara Bank offers a maximum business loan of ₹2.50 Cr with a tenure of up to 5 years.
The processing fee for Canara Bank Business Loan is 1% + GST.
Canara Bank Business Loan prepayment policy: 2% of outstanding.
The minimum monthly income required is ₹30,000. Use the calculator above to check your exact eligibility based on your income.