Canara Bank offers enticing home loan interest rates beginning at 8.85% p.a. for customers looking to purchase their dream homes. These rates are reasonable and present alluring financing options with periods up to 30 years. If certain conditions are met, the loan amount can cover up to 90% of the property's value. Women candidates are eligible for substantially more enticing interest rates starting at 8.55% p.a. It's crucial to remember that Canara Bank assesses loan applicants' creditworthiness and requires a credit score of 650 or above in order to grant loans.
| Scheme | Interest Rate Range |
| Canara Site Loan | 8.85% - 10.95% |
| Canara Home Loan Plus | 9.80% - 11.85% |
| Home Improvement Loan | 9.25% to 13.80% |
| Home Loan for Women | 8.55% to 10.90% |
| Canara Mortgage | 10.30% to 12.60% |
Canara Home Loan Plus is a home loan product provided by Canara Bank that caters to both salaried and self-employed individuals who are looking forward to purchasing their own residential property. For those interested in home loan interest in Canara Bank, exploring the Canara Home Loan Plus offering can provide valuable insights into their financing options.
Home Improvement Loan is a home loan that is available to both salaried and self-employed individuals who are looking to do renovation work on their housing property. This home loan plan with flexible repayment options is ideal for any of your remodelling projects.
As a part of their commitment to support women homebuyers, there are housing loan interest rates in Canara Bank which are specifically designed for female applicants. These loans provide appealing interest rates, less processing fees, and other incentives to encourage and support women in their pursuit of homeownership.
Canara Bank offers Canara Mortgage as a great way for customers to achieve their dream of owning a home. This scheme is specifically tailored for people who aspire to buy a home and prioritises affordability and ease of repayment.
In order to make home loans more affordable for women who apply, Canara Bank offers reduced interest rates and reductions on processing expenses.
The current Canara Bank home loan interest rate for 2024 starts from 8.60% p.a. and may vary based on the scheme and the applicant's profile.
Canara Bank offers both fixed and floating interest rate options for home loans, allowing borrowers to choose the option that suits their needs.
Yes, Canara Bank offers home loans to government employees at attractive interest rates. They have specialised programmes designed to satisfy the particular requirements of government employees, making homeownership more accessible and affordable.
Yes, Canara Bank provides a top-up loan facility to existing home loan borrowers who have a good repayment track record. This enables borrowers to access additional funds for various purposes, such as renovation or meeting other financial needs.
Canara Bank's home loan balance transfer option allows borrowers to transfer their existing home loan from another bank to Canara Bank at attractive interest rates. Benefits include potential savings on interest costs, improved customer service, and additional features and benefits offered by Canara Bank.
Yes, Canara Bank allows borrowers to prepay their home loans partially or in full before the completion of the loan tenure. However, prepayment charges may be applicable based on the loan agreement terms.
The processing fee for Canara Bank home loans varies depending on the loan amount and scheme. It is generally 0.5% of the loan amount and covers the administrative costs associated with loan processing.
The amount of time needed to process a Canara Bank home loan application will depend on several variables, including the complexity of the case, the accuracy of the provided documentation, and property verification. Subject to all requirements being completed, Canara Bank processes and approves home loan applications in an average of 10-15 working days.
Yes, Canara Bank provides home loan options specifically designed for NRIs, allowing them to fulfil their dream of owning a home in India.
Yes, Canara Bank provides an interest rate certificate to its home loan borrowers. This certificate can be useful for income tax purposes, as it helps in calculating the interest component eligible for tax benefits.
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