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:
Interest Rate |
8.45% to 11.25% p.a. |
Processing Fee |
0.50% of the loan amount (Minimum of ₹1,500 and maximum of ₹10,000) |
Prepayment Charges |
Nil |
*Disclaimer: The aforementioned details are subject to change at the lender’s discretion
Year | Principal | Interest | Balance |
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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:
1. Identity proof: Any one of the following
PAN card
Driving licence
Voter ID
Passport
2. Address proof: Any one of the following
Voter ID
Passport
Aadhaar card
Electricity bill
Telephone bill, etc.
For salaried applicants:
Bank statement of the salary account of the last 6 months
Form 16
ITR filings of the last 3 years
Appointment letter
For self-employed and professional applicants:
P&L statement, ITR filings, and balance sheets of the last 3 years
Bank statement
Note on the nature of business
Business proof
For NRI applicants:
Valid work permit
Salary certificate attested by the Indian embassy/ consulate/ employer
Account statement of an overseas bank showing savings and salary
Property-related documents
Here is how you can apply for a Canara Bank Home Loan online:
Visit the bank’s official website and click on the ‘LOANS’ option
Navigate to ‘Home Loan’ and select ‘Housing Loan’
Slide the carousel on the screen and click on the ‘APPLY ONLINE’ option
Enter your personal and professional details
Provide your loan requirements and property-related details
Submit the application
Following this, a representative will reach out to you to process your application further.
Home Loan Quick Links
Government Schemes
Yes, you can visit the bank’s official website and apply for a home loan.
The bank offers a repayment tenure of up to 30 years.