Canara vs Bajaj Business Loan, 2026.
Reviewed by Jay Patel· Last reviewed:
A ledger-columns read on Canara Bank and Bajaj Housing Finance— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
Canara vs Bajaj — Business Loan Comparison
Key parameters compared side by side.
| Parameter | Canara | Bajaj |
|---|---|---|
| Interest Rate (p.a.) | 10.5% – 14.5% | 11% – 15% |
| Processing Fee | 1.00% (min Rs 5,000) | 2.00% (min Rs 10,000) |
| Max Loan Amount | Rs 5 Cr | Rs 5 Cr |
| Max Tenure | 7 Years | 7 Years |
| Bank Type | Public Sector | NBFC |
| Founded | 1906 | 2015 |
| Headquarters | Bengaluru | Pune |
Interest Rate (p.a.)
Canara
10.5% – 14.5%
Bajaj
11% – 15%
Lower/better: Canara
Processing Fee
Canara
1.00% (min Rs 5,000)
Bajaj
2.00% (min Rs 10,000)
Max Loan Amount
Canara
Rs 5 Cr
Bajaj
Rs 5 Cr
Max Tenure
Canara
7 Years
Bajaj
7 Years
Bank Type
Canara
Public Sector
Bajaj
NBFC
Founded
Canara
1906
Bajaj
2015
Headquarters
Canara
Bengaluru
Bajaj
Pune
Rates as of April 2026. Subject to change based on RBI policy and bank revisions.
EMI Comparison
Estimated EMI for Rs 20 Lakh business loan for 5 years at each bank's listed starting rate.
Canara
Bajaj
Savings: Choosing Canara saves you approximately ₹497 per month, or ₹29,820 in total interest over the loan tenure.
Feature Comparison
Key features offered by Canara and Bajaj for business loan.
| Feature | Canara | Bajaj |
|---|---|---|
| MSME priority lending | ||
| STAND-UP India scheme | ||
| Trade finance solutions | ||
| Strong South India presence | ||
| Flexi business loan | ||
| Property-backed lower rates | ||
| Fast processing | ||
| Pan-India coverage |
MSME priority lending
STAND-UP India scheme
Trade finance solutions
Strong South India presence
Flexi business loan
Property-backed lower rates
Fast processing
Pan-India coverage
Which Is Better — Canara or Bajaj?
It depends on your priorities. Here is a quick guide.
Choose Canara If...
- Lower starting interest rate (10.5% vs 11%)
- Government-backed (public sector bank)
- Lower maximum rate (14.5% vs 15%)
Choose Bajaj If...
- Trusted brand with strong business loan offerings
Need context for this comparison? Contact Money Matrix Hub to discuss the displayed lender information. Any service terms and lender decisions should be confirmed before proceeding.
Eligibility Comparison
General eligibility criteria for business loan at both banks.
Canara Eligibility
- Business vintage: 2+ years (ITR required)
- Min annual turnover: Rs 10 Lakh
- CIBIL score: 650+ preferred
- Valid GST registration
- Age: 21–65 years at loan maturity
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Bajaj Eligibility
- Business vintage: 2+ years (ITR required)
- Min annual turnover: Rs 15 Lakh
- CIBIL score: 650+ preferred
- Valid GST registration
- Age: 21–65 years at loan maturity
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Frequently Asked Questions
Common questions about Canara vs Bajaj business loan.
Which bank has a lower business loan interest rate in 2026 — Canara or Bajaj?
Canara currently shows a lower published starting rate of 10.5% p.a. for business loan. However, the actual rate you receive depends on lender eligibility, current documentation, credit score, income, and loan amount. Money Matrix Hub can help you compare available lender information from both banks.
What is the maximum business loan amount I can get from Canara vs Bajaj?
Canara offers a higher maximum loan amount of up to Rs 5 Cr. Canara offers up to Rs 5 Cr while Bajaj offers up to Rs 5 Cr for business loan.
Which bank charges a lower processing fee for business loan — Canara or Bajaj?
Canara lists a processing fee of 1.00% (min Rs 5,000), while Bajaj lists 2.00% (min Rs 10,000). Fees and waivers can depend on lender policy and borrower eligibility, so confirm the current Key Fact Statement before accepting an offer.
Should I choose Canara or Bajaj for business loan in 2026?
The best choice depends on your specific needs. Canara offers rates from 10.5%–14.5% with a max tenure of 7 years, while Bajaj offers 11%–15% with 7 years tenure. Contact Money Matrix Hub for a personalised comparison based on your profile.
Can Money Matrix Hub help me apply for a business loan from both Canara and Bajaj?
Money Matrix Hub can help you compare available lender information for Canara and Bajaj. Any application, credit enquiry, offer, sanction decision, lender fee, and borrower charge are subject to the relevant lender's current policy and documentation.
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