Canara Bank Housing Loan
Primary Lending Institution:Canara Bank
Up to ₹10 Crore home loan at 8.40% – 9.25% with Up to 30 years tenure.
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible without formal town panchayat permits.
What is Canara Bank Housing Loan?
Prime housing finance facility of Canara Bank offering transparent pricing linked to RLLR for purchase, flat construction, or plot acquisition.
Key Benefits & Features
Quick sanction via digital retail hub; competitive RLLR rates; special rate concession for women; up to 90% LTV for affordable housing.
Property & Project Eligibility Requirements
Clear title deed, sanctioned building map from municipal corporation or town planning board.
Borrower Eligibility Criteria
Salaried individuals with 2 years confirmed service or self-employed individuals with 3 years operational existence.
How to Apply (3 Verified Paths)
Apply online through net banking portal or visit lending branch with loan inquiry.
Apply online at https://canarabank.com/housing-loan with digital KYC and property details.
Visit nearest branch of the institution with income proofs and sale agreement.
Documents Required Checklist
Aadhaar Card, PAN Card, Last 3 months salary slips or 2 years ITR-V, 6 months bank account statement, Title deed, Approved building plan and municipal tax receipts.
Frequently Asked Questions
What is the maximum loan tenure available for Canara Bank Housing Loan?
The maximum repayment tenure offered for Canara Bank Housing Loan is Up to 30 years, subject to borrower's age not exceeding 70 years at loan maturity.
What are the processing charges and prepayment rules for Canara Bank Housing Loan?
The processing fee is 0.50% (Min ₹1,500, Max ₹10,000) + GST. As per RBI guidelines, zero prepayment penalties apply to all individual floating-rate home loans.
What documents are required to apply for Canara Bank Housing Loan?
Applicants must provide KYC (Aadhaar, PAN), 3 months salary slips or 2 years ITR with computation, 6 months bank statements, and clear property title documents with municipal sanctions.
Why does Canara Bank Housing Loan require property approval in a formal layout?
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible without formal town panchayat permits.