Canara Bank Home Loan | Canara Bank Home Loan Interest Rate | Complete Details - BankBazaar
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Canara Bank Home Loan

Canara Bank offers loans for construction / purchase / repairs / additions / renovations of residential house / flat including the purchase of land and construction thereon. For taking over of the housing loan liability with other recognized Housing Finance Companies, Housing Boards, Co-operative Banks, Co-operative Societies and Commercial Banks. Loans are offered to Salaried as well as Self-Employed Individuals and also for NRIs

Details of Canara Home Loan. Use our calculator to compare offers from multiple banks
Interest Rate (Daily reducing balance) Loans upto Rs 30 Lacs : 8.75% (<5 year tenure), 9% (5-10 years), 9.25%(>10 years) floating
Loans b/w Rs 30 Lacs-1 crore : 9.25% (<5 year tenure), 9.5% (5-10 years), 10%(>10 years) floating
Loans above Rs 1 crore : 9.5% (<5 year tenure), 10% (5-10 years), 11%(>10 years) floating

In fixed rate scheme, interest rates are between 11%-12%
Base Rate is currently 8%
Processing Fees 0.50% of the loan amount,minimum of Rs. 500 and maximum of Rs. 10,000
Loan Tenure 1 year to 25 years
Amount Funded Up to 85% of property value
Partial Pre-payment Charges Nil
Pre-closure Charges 2% of pre-closed amount if transferred to another institution. Nil if pre-closed with own funds
Guarantor Requirement Gurantor is required
Documents
  • 2 passport size photos of applicant / guarantor
  • Sale Deed, Agreement for Sale
  • Copy of the approved plan for the proposed construction / extension / addition
  • Detailed cost estimate / valuation report from Bank's Panel Chartered Engineer / Architect
  • Allotment letter of corresponding Housing Board
  • Legal Scrutiny Report, EC for the past 13 years, Property Tax paid receipt, Khata and permission for mortgage, wherever necessary
  • Salary Certificate and Form No.16 (only for Salaried)
  • IT Returns and P&L Balance sheet for the past three years and note on the nature of business, year of establishment, type of organization (only for non-salaried persons)

Get lowest home loan interest rate in 2 minutes from HDFC, IDBI, Axis, ING   


Recently made loan offers
Rs.31.70 lakhs for Rs.27,010 EMI
8.25%  Rate 240 Tenure

Total Interest PayableRs. 3,771,061

Total Tax + FeesRs. 11,030

Total Interest + FeesRs. 3,782,091

Submitted 21 minutes ago
Rs.32.10 lakhs for Rs.27,351 EMI
8.25%  Rate 240 Tenure

Total Interest PayableRs. 3,818,645

Total Tax + FeesRs. 11,030

Total Interest + FeesRs. 3,829,675

Submitted 41 minutes ago
Rs.32.50 lakhs for Rs.27,692 EMI
8.25%  Rate 240 Tenure

Total Interest PayableRs. 3,866,229

Total Tax + FeesRs. 11,030

Total Interest + FeesRs. 3,877,259

Submitted 45 minutes ago
 
Some fields are incorrect or have not been filled in. Please correct this to proceed.
Include only the following components of cost: Basic Selling Price, car parking (covered/open), electricity/water charges, Internal Development Charges (IDC), External Development Charges (EDC), Preferential Location Charges (PLC), Stamp duty and registration charges.
As per the Agreement to Sale or as per the Registered Sale Deed value, whichever is higher.
Cost of construction as per engineering estimate.
Current outstanding balance on the home loan you wish to transfer.
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Choose 'Salaried professional' if you are salaried and are qualified as a doctor, dentist, lawyer, architect, engineer or chartered accountant
Slowly start typing your employer's name and choose from the recommendations provided. If you do not see your employer on our list, simply type the name in this field.
This is your gross monthly salary as per your monthly payslip prior to deductions.
This is your net monthly salary as credited to your bank account after all deductions.
This is the approximate sum of all monthly incentives, if any, earned by you.
This is the annual bonus, if any, earned by you.
This is the sum of all monthly payments that you are making on all your currently open loans.Please ignore those loans where loan term outstanding is less than 12 months.
 / 
 / 
Choose 'Salaried professional' if you are salaried and are qualified as a doctor, dentist, lawyer, architect, engineer or chartered accountant
Slowly start typing your employer's name and choose from the recommendations provided. If you do not see your employer on our list, simply type the name in this field.
This is your gross monthly salary as per your monthly payslip prior to deductions.
This is your net monthly salary as credited to your bank account after all deductions.
This is the approximate sum of all monthly incentives, if any, earned by you.
This is the annual bonus, if any, earned by you.
This is the sum of all monthly payments that you are making on all your currently open loans.Please ignore those loans where loan term outstanding is less than 12 months.
The information I have provided is accurate. I understand that final credit approval is at the sole discretion of the financial institution.


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