Canara Bank launches new loan schemes

Bangalore, Oct 3 : Canara Bank has introduced two new schemes — ‘CanRent’, to provide finance against rental receivables, and CanMortgage, to provide finance against mortgage of property, its CMD RV Shastri said on Wednesday.

In a statement here, Mr Shastri said the bank had modified its loan scheme to pensioners, including defence pensioners, to make it more attractive and christened it as ‘CanPension’.

“In the revised scheme for pensioners, the maximum loan quantum had been substantially enhanced to Rs 50,000 subject to six months pension amount,” he said.

— PTI