Canara My Money

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Canara My Money

Get up to 75% of your online term deposit as a loan with Canara My Money—fully digital, 24x7 access, no branch visits required.

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Details for Canara My Money

Canara My Money offers a fully digital, 24x7 loan facility against eligible online term deposits. With a 25% margin, existing Canara Bank customers can avail up to 75% of their deposit value without any physical branch visit. Excludes Recurring, NRE, Tax Saver, Capital Gain, and certain other deposits. The process ensures a seamless end-to-end digital journey, enabling fast and secure access to funds. Ideal for customers seeking instant liquidity without breaking their deposits.

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Loan Amount

50,000/- to 10,00,000/-

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Interest Rate

ROI in Term Deposit+2%

CIBIL Score

  • A CIBIL score of 730 or above is generally considered good for approving a personal loan.

Required Documents

  • Digital Documentation shall be invoked based on Aadhar number enabled OTP for consent/ acceptance for execution of E-Signing as per sanction terms & conditions.

Loan Processing Charges

  • Nil

Features

  • All online opened Term Deposits except - Recurring Deposits,NRE Deposits,Tax Saver Deposits,Capital Gain Deposits and Deposits in name of Minors/Joint Depositors/Employees of our Bank/Trusts/Companies/ HUFs/Third Parties
  • Margin 25%
  • The facility will be available 24*7.
  • Seamless customer journey
  • No Physical visit to the branch. Complete END to END digital journey.
  • Upto 75% of Online Term Deposit limit for existing customers.

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₹10,000₹1,00,00,000

0%20%

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Canara My Money EMI Calculator

Principal amount

₹1,00,000

Interest amount

₹542

Total amount payable

₹1,00,542

Your Monthly EMI is ₹8,379
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