Canara Bank Home Loan
| Bank Link | http://www.canarabank.com/English/scripts/pblHousingloan.aspx |
| Loan Amount | Upto Rs.1 crore |
| Interest Rate | 08.75% - 10.00% |
| Tenure | 20 years |
| Pre Payment Charges | Nil |
Service Charges
0.50% of the loan amount
Other Charges
NA
Docs Introduction
The documents needed for a home loan are-
-Govt. ID proof
-Govt. address proof
-Photos as specified by Bank
-Employment Certificate/Salary Certificate/ Form no. 16
-Last 6 Month’s Bank Account statement
-last 3 years Income Tax return
-Co-Lateral Security (if needed)
-Details of the property from Promoters
-Photocopy of receipts of Govt. Taxes and Bills
-Sanctioned Plan of the property
-Registration deed of the Land in the name of the Promoter
Eligibility Introduction
Salaried individuals, individuals engaged in business / professionals and self-employed persons are eligible for the loan. NRIs are also eligible to avail loans without specific permission of RBI. Persons above the age of 55 years are also eligible subject to certain stipulations of RBI.
| Self | |
|---|---|
| Minimum Age (in yrs.) | NA |
| Minimum Income (in Rs.) | Regular Source of Income should be there |
| Minimum Work Experience (yrs.) | NA |
| Residence Status (yrs.) | Valid Residence proof |
| Id Proof | PAN card/voters ID/ passport/driving license |
| Address Proof | Recent telephone bill/electricity bill/property tax receipt/passport/voters ID |
| DOB Proof | 10th class certificate |
| Financial Docs | -Employment Certificate/Salary Certificate/ Form no. 16 -Last 6 Month’s Bank Account statement -last 3 years Income Tax return |
| Other Docs | -Govt. ID proof -Govt. address proof -Photos as specified by Bank -Co-Lateral Security (if needed) -Details of the property from Promoters -Photocopy of receipts of Govt. Taxes and Bills -Sanctioned Plan of the property -Registration deed of the Land in the name of the Promoter |
| Salaried | |
|---|---|
| Minimum Age (in yrs.) | NA |
| Minimum Income (in Rs.) | Regular Source of Income should be there |
| Minimum Work Experience (yrs.) | NA |
| Residence Status (yrs.) | Valid Residence proof |
| Id Proof | PAN card/voters ID/ passport/driving license |
| Address Proof | Recent telephone bill/electricity bill/property tax receipt/passport/voters ID |
| DOB Proof | 10th class certificate |
| Financial Docs | -Employment Certificate/Salary Certificate/ Form no. 16 -Last 6 Month’s Bank Account statement -last 3 years Income Tax return |
| Other Docs | -Govt. ID proof -Govt. address proof -Photos as specified by Bank -Co-Lateral Security (if needed) -Details of the property from Promoters -Photocopy of receipts of Govt. Taxes and Bills -Sanctioned Plan of the property -Registration deed of the Land in the name of the Promoter |
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