Public Sector Bank (PSU)Salaried Employeesunsecured

Canara Mobile Personal Loan (Canara ai1)

Q: How do I check my Canara ai1 loan offer?

Log in to the Canara ai1 app and check the 'Pre-Approved Loans' section.

केनरा मोबाइल पर्सनल लोन (ai1)

100% digital instant personal loan via Canara ai1 mobile app for pre-approved customers up to ₹5 Lakhs.

Max Loan Amount

₹25,000 to ₹5,00,000 (pre-approved digital loan)

Interest Rate

11.90% - 14.50% p.a. (floating RLLR)

Tenure

6 to 48 months

Processing Fee

1.00% of loan amount + GST (Min ₹1,000)

✦ What It Is: Product Architecture & Regulatory Scope

Canara Bank's digital instant personal loan facility hosted on the Canara ai1 mobile app, offering instant in-principle approval and straight-through credit to pre-screened account holders.

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• Strictly available to pre-approved existing customers holding verified KYC. • Maximum loan quantum capped at ₹5 Lakhs digitally.

✦ Key Benefits & Features

• Instant disbursement directly into Canara Bank savings account • Paperless digital journey authenticated via Aadhaar OTP • Transparent EMI repayment plan with no hidden charges • Available 24x7 through Canara ai1 mobile app.

✦ Prepayment, Part-Payment & Foreclosure Rules

NIL prepayment penalty if pre-closed after 6 EMIs.

✦ Eligibility Requirements

Existing Canara Bank account holders with pre-qualified credit offer and active mobile banking. Min Age: 21, Max Age: 58. Min CIBIL: 710.

Min Age21 Years

Max Age58 Years

Min Monthly Income₹20,000

Min CIBIL Score710+

✦ Documents Required

• Completely paperless (e-KYC validated via mobile app).

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Open Canara ai1 App > Loans > Instant Personal Loan. 2. View pre-approved limit and select loan amount. 3. Validate via MPIN and Aadhaar OTP e-Sign. 4. Disbursed within minutes.

Pathway B

New Online Applicant (Fresh Digital)

Not applicable for new-to-bank customers.

Pathway C

Branch Walk-In Application

Not applicable — STP digital feature on Canara ai1 app.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (Canara Bank Digital Banking)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference