|Loan Name||Interest Rate||Processing Fee||Loan Amount||Tenure|
|Canara Bank Housing Loan||8.75% - 9.45%, Floating||1,500 to 10,000||4 times the gross annual salary||30 Years|
|Canara Bank Home Improvement Loan||11.15%||0.50% on loan amount||up to Rs 2,00,000||up to 60 months|
|Canara Site Loan||9.70%||0.50% of loan amount||4 years of gross annual salary or 75% of the cost of the site or guideline value (whichever is less)||up to 10 years|
Q: What is the Home Loan interest rate in Canara Bank?
A: Canara Bank offers an attractive interest for home loan borrowers.The interest rate range is from 8.35% to 8.5.% it depends on the borrower's profile.
Q: Who can apply for a housing loan from Canara bank?
A: The following list of people can apply for a housing loan in Canara Bank
Q: What is the applicable margin on a home loan in Canara Bank?
A: Canara bank offers a margin of 25% on home loans which is used for expansion of existing house, repairs & renovations for construction/purchasing a second house and for any other purposes.
Q: What is the maximum repayment period for Canara bank housing loan?
A: The maximum repayment period for Canara bank housing loan is 30 years.
Q: What are the documents required to avail NRI housing loan from Canara bank?
A: Canara Bank offers home loans for borrowers with competitive interest rates and extends various special features to its customers, such as home loan balance transfer, no prepayment charges, minimal documentation, quick processing, and much more. The documentations are listed below: