Canara vs Bajaj Business Loan, 2026.
Reviewed by Jay Patel· Last reviewed: stale
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 lowest 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
Still unsure? Contact Money Matrix Hub for a free personalised recommendation based on your income, credit score, and loan requirement.
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 offers a lower starting rate of 10.5% p.a. for business loan. However, the actual rate you receive depends on your credit score, income, and loan amount. Money Matrix Hub can help you get the best negotiated rate 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 charges a processing fee of 1.00% (min Rs 5,000), while Bajaj charges 2.00% (min Rs 10,000). Processing fees are often negotiable, and Money Matrix Hub can help waive or reduce these charges.
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?
Yes. Money Matrix Hub is an authorised DSA partner for both Canara and Bajaj. We can submit parallel applications at no extra cost and help you pick the best sanction offer. Our service is 100% free for borrowers.
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