Canara Bank offers personal loans of up to Rs.5 lakh for salaried individuals and up to Rs. 10 lakhs for self-employed individuals, subject to eligibility criteria.under the Canara Budget and Canara Teachers Loan schemes. The loans can be availed at interest rates starting at 12.05% p.a. with nominal processing fee. Loan repayment tenure can go up to 5 years.The eligibility criteria for both loan products offered by Canara Bank personal loans differ slightly from each other.