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Eligibility Criteria for Canara Bank Home Loan

Here are the eligibility criteria for different types of Canara Bank Home Loans:

Criteria	Salaried Applicants	Self-employed Applicants
Age Range	20 to 75 years	20 to 75 years
Nationality	Indian/NRI	Indian/NRI

Canara Bank Home Loan Interest Rates

Standard Home Loan Rates

Category	Rate of Interest (ROI)
Salaried	8.50% p.a. onwards
Self Employed	8.50% p.a. onwards

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Canara Bank Home Loan Processing Fee and Charges

Processing Charges

Charge Type	Amount
Processing Fees	0.50% (Min Rs.1500/-+GST and Max. Rs.10,000/-+GST) is charged.

Identity Documents

Doc Name	Salaried	Self Employed
PAN	✔	✔
Voter ID	✔	✔
Passport	✔	✔
Driving Licence	✔	✔
Aadhar Card	✔	✔

Proof of Income

Document	Salaried	Self Employed
Bank statement of salary account for past 6 months	✔	✖
Form No.16	✔	✖
3 years IT Returns	✔	✖
Balance Sheet and Profit & Loss account for past three assessment years	✖	✔
ITR/ITAO filed for past three assessment years	✖	✔
Proof of Business	✖	✔

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Canara Bank Home Loan Schemes and Top Plans

Comparison

Feature	Home Loan	Home Loan to Agriculturists	Home Loan Plus	Kuteer- Housing Loan Scheme	Home Loan Super Gain Scheme	Home Loan for NRIs
Minimum Loan Amount	–	–	–	1 lakh	20 lakhs onwards	30 lakhs
Maximum Loan Amount	–	15 lakhs	50 lakhs	10 lakhs	–	75 lakhs
Interest Rate	8.50% p.a. to 11.00% p.a.	–	–	–	–	–
Tenure	up to 30 years	up to 30 years	up to 15 years	up to 30 years	up to 30 years	up to 30 years
Eligible Applicants	salaried or self-employed	salaried or self-employed	salaried or self-employed	salaried or self-employed	salaried or self-employed	NRIs

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How to Apply?

Applying for Canara Bank Home Loan is a straightforward process:

1. Check Eligibility:
Verify that you meet the eligibility criteria for your selected loan product.

2. Collect Documents:
Gather all the required documents.

3. Visit a Local Branch:
Visit your nearest Canara Bank branch and fill out the application form.

4. Submit Documents:
Submit your application along with the required documents.

5. Application Review:
The bank will review your application and documents.

6. Loan Approval:
Upon approval, your loan will be sanctioned, and you can start your homeownership journey.

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Canara Bank offers comprehensive customer care services to address the queries and concerns of its customers efficiently.

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Comparison

For detailed comparison between top banks you can visit our compare banks page.

Bank	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI Bank	8.5% p.a. onwards	8.5% p.a. onwards	8.5% p.a. onwards
HDFC Bank	8.7% p.a. onwards	8.7% p.a. onwards	8.7% p.a. onwards
LIC Bank	8.50% – 10.35% p.a.	8.50% – 10.55% p.a.	8.50% – 10.75% p.a.
ICICI Bank	8.85% p.a. onwards	8.85% p.a. onwards	8.85% p.a. onwards
Kotak Mahindra Bank	8.70% p.a. onwards	8.70% p.a. onwards	8.70% p.a. onwards
Punjab National Bank	8.40% – 12.10% p.a.	8.40% – 12.10% p.a.	8.40% – 12.10% p.a.
Bank Of Baroda	8.40% – 10.65% p.a.	8.40% – 10.65% p.a.	8.40% – 10.90% p.a.
Bajaj Housing Finance	8.50% p.a. onwards	8.50% p.a. onwards	8.50% p.a. onwards
Axis Bank	8.75%-13.30% p.a.	8.75%-13.30% p.a.	8.75%-9.65% p.a.
Bank of India	8.4% p.a onwards	8.4% p.a onwards	8.4% p.a onwards
TATA Capital	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards

Frequently Asked Questions