Canara Bank Home Loan

Fund your next property purchase with the help of a Canara Bank Home Loan, which comes with affordable interest rates starting from 8.40% p.a. Furthermore, you can choose to repay the loan over tenures ranging up to 30 years. Save money on overall loan costs by paying minimal processing fees and prepayment penalties.

Canara Bank Home Loan interest rates and charges are as listed below:

*Disclaimer: The aforementioned details are subject to change at the lender’s discretion

Be sure to fulfil the following Canara Bank Home Loan eligibility criteria before submitting your application:

• You must be an Indian resident, NRI, or Person of Indian Origin (PIO) who carries a foreign passport or an Overseas Citizen of India (OCI) 

• You must be under 60 years of age when applying for the loan

• Your age must not exceed 75 years at the time of loan maturity

• Salaried individuals must have a minimum work experience of 2 years and must have completed a tenure of 6 months in the current organisation

• Self-employed individuals and professionals must furnish their ITR filings of the last 3 years

In addition to this, you will also be required to submit the following documents:

Identity proof

Any one of the following

• PAN card

• Driving licence

• Voter ID

• Passport

• Aadhaar card, etc.

Address proof

Any one of the following

• Driving licence

• Voter ID

• Passport

• Aadhaar card 

• Electricity bill

• Telephone bill, etc.

Income proof:

• For salaried applicants: 

1. Bank statement of the salary account of the last 6 months

2. Form 16

3. ITR filings of the last 3 years

4. Appointment letter

• For self-employed and professional applicants: 

1. P&L statement, ITR filings, and balance sheets of the last 3 years

2. Bank statement

3. Note on the nature of business

4. Business proof

• For NRI applicants: 

1. Valid work permit

2. Salary certificate attested by the Indian embassy/ consulate/ employer

3. Account statement of an overseas bank showing savings and salary

Property-related documents