Planning to build a home in a rural area or on agricultural land? Canara Bank’s Housing Loan to Agriculturists is designed to support farmers and agriculturists with flexible financing. In this blog, explore the interest rates, EMI options, eligibility, processing fees, and required documents to apply.
Canara Bank Housing Loan to Agriculturists Highlights
| Category | Details |
|---|---|
| Interest Rate | Starting from 8.05% p.a. |
| Loan Tenure | Up to 30 Years |
| Processing Fee | 0.50% of the loan amount (Min ₹1,500 – Max ₹10,000) + GST |
Check Out: Canara Bank Home Loan
Canara Bank Housing Loan to Agriculturists Interest Rates 2025
Canara Bank Housing Loan to Agriculturists interest rates are structured based on the applicant’s Credit Risk Grade (CRG). The effective interest rates are as follows:
| Credit Risk Grade (CRG) | Effective Interest Rate (per annum) |
|---|---|
| CRG-PRIME | 8.05% p.a. onwards |
| CRG 1 | 8.05% p.a. onwards |
| CRG 2 | 8.35% p.a. onwards |
| CRG 3 | 9.25% p.a. onwards |
| CRG 4 | 10.75% p.a. onwards |
For more detailed information, please visit the official Canara Bank Housing Loan to Agriculturists page.
Canara Bank Housing Loan to Agriculturists Eligibility Criteria
Before applying for a Canara Bank Housing Loan to agriculturists, it’s essential to understand the eligibility criteria. Here’s the essential eligibility checklist set by Canara Bank.
| Eligibility Criteria | Details |
|---|---|
| Eligible Applicants | Agriculturists, dairy farmers, horticulturists, and planters owning and cultivating agricultural lands. |
| Land Ownership | Must own and cultivate more than 5 acres of irrigated land or 10 acres of dry land. |
| Banking Relationship | Should be existing customers of Canara Bank with satisfactory dealings for at least the last two years. |
| Minimum Gross Annual Income | ₹5.00 lakh. |
| Loan Quantum | No upper limit, subject to income and repayment capacity. |
| Loan for Furnishing | Maximum up to 15% of the loan amount or ₹50 lakh, whichever is lower. |
| Repayment Tenure | Up to 30 years or until the borrower reaches 75 years of age, whichever is earlier. |
| Margin for New/Old House (Up to 10 Years Old) | Up to ₹30 lakh: 10%, ₹30 lakh to ₹75 lakh: 20%, Above ₹75 lakh: 25%. |
| Margin for Old House (>10 Years Old) | 25% for all loan amounts. |
For more detailed information, please refer to Canara Bank’s official website.
Check Out: Canara Bank Home Loan Eligibility Calculator
Canara Bank Housing Loan to Agriculturists Processing Fees
| Applicant Type | Processing Fee |
|---|---|
| Individuals & Non-Individuals | 0.50% of the loan amount, with a minimum of ₹1,500 plus GST and a maximum of ₹10,000 plus GST. |
Note: Canara Bank is celebrating a Retail Loan Festival with a 50% waiver on processing charges from April 1 to June 30, 2025.
For more detailed information, please visit the official Canara Bank Housing Loan to Agriculturists page.
Canara Bank Housing Loan to Agriculturists Other Fees and Charges
Here are the Other Fees and Charges associated with the Canara Bank Housing Loan to Agriculturists:
| Charge Type | Details |
|---|---|
| Processing Fee | 0.50% of loan amount (Min ₹1,500 – Max ₹10,000) + GST |
| Retail Festival Offer | 50% waiver on processing fee (Valid from Apr 1 – Jun 30, 2025) |
| Prepayment Charges | Nil for floating rate loans, even if taken over by another bank |
| Documentation Charges | As per bank’s discretion (not fixed) |
| Stamp Duty & Registration | As per applicable state laws, to be borne by borrower |
| Legal & Valuation Charges | As per actuals, to be paid by borrower |
Source: Canara Bank Housing Loan to Agriculturists.
Read More: Canara Bank Home Loan Processing Fees and Other Charges
Canara Bank Housing Loan to Agriculturists Documents Required
The list of Documents required for the Canara Bank Housing Loan to Agriculturists:
| Document Type | Details |
|---|---|
| Loan Application Form | Duly filled application form with two passport-sized photographs of the applicant and co-applicant/guarantor. |
| Identity Proof | PAN Card, Aadhaar Card, Voter ID, Passport, or Driving License. |
| Address Proof | Aadhaar Card, Passport, Voter ID, Driving License, Electricity Bill, Telephone Bill, or any other valid address proof. |
| Age Proof | Birth Certificate, School Leaving Certificate, PAN Card, or Passport. |
| Income Proof | Income certificate issued by the Tahsildar or Mandal Revenue Officer. |
| Bank Statements | Bank account statements for the past 6 months. |
| Land Ownership Documents | Title deeds and other relevant documents of currently held agricultural land, as well as lands to be purchased. |
| Property Documents | Title deeds of the property and link documents for the last 13 years. |
| Proof of Agricultural Activity | Documents evidencing ongoing agricultural activities, such as crop cultivation records or related certifications. |
| Other Documents | Any other documents as required by the bank, including processing fee cheque and photographs. |
For the most accurate and updated information, please refer to Canara Bank’s official website.
Read More: Canara Bank Home Loan Documents Required
How to Apply to Canara Bank Housing Loan to Agriculturists?
Time needed: 3 minutes
To apply for the Canara Bank Housing Loan to Agriculturists online, follow these steps:
- Visit the Official Website or Branch
Go to canarabank.com or visit your nearest Canara Bank branch to begin your application.
- Check Eligibility
Make sure you’re an agriculturist with a gross annual income of at least ₹5 lakh and meet other criteria.
- Collect Required Documents
Keep documents ready like ID proof, address proof, income certificate, land records, and bank statements.
- Fill Out the Application Form
Complete the form accurately with all personal, income, and property details.
- Submit Form and Documents
Submit the form along with your documents either online or directly at the branch.
- Verification & Processing
The bank will verify your details and process your loan application.
- Loan Approval & Disbursement
If approved, the loan amount will be disbursed as per bank terms.
Also Read: Online vs Offline Home Loan Application in India: Which is Better?
Canara Bank Home Loan: Other Products
Canara Bank offers multiple home loan schemes, each with its own interest rate structure and features.
| Home Loan Scheme | Interest Rate |
|---|---|
| Canara Bank Housing Loan | 8.05% p.a. onwards |
| Canara Bank Housing Cum Solar Loan | 8.05% p.a. onwards |
| Canara Bank Kuteer Loan | 8.05% p.a. onwards |
| Canara Bank Housing loan to Agriculturists | 8.05% p.a. onwards |
| Canara Bank Home Loan for NRIs | 8.05% p.a. onwards |
| Canara Bank Approved Housing Projects | 8.05% p.a. onwards |
Source: Canara Bank Official Website – Interest Rate Circular
Check Out: Canara Bank Home Loan Interest Rates 2025
Compare Home Loan Interest Rates by Top Banks
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| SBI Bank | 8.00% p.a. onwards | 8.00% p.a. onwards | 8.00% p.a. onwards |
| HDFC Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% 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 | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Punjab National Bank | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. |
| Bank Of Baroda | 8.40% onwards | 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%-10.30% p.a. | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. |
| Bank of India | 8.40% p.a onwards | 8.40% p.a onwards | 8.40% p.a onwards |
| TATA Capital | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
Conclusion
Canara Bank’s Housing Loan to Agriculturists is a helpful scheme designed to support farmers in owning or building their dream homes. With flexible terms and affordable rates, it makes rural homeownership easier and more accessible.
For personalized assistance with your home loan, consider scheduling a free consultation call with Credit Dharma today.
Frequently Asked Questions
Applicants must have a minimum gross annual income of ₹5 lakh to be eligible for the loan.
The interest rate starts from 8.75% per annum, with possible concessions for women borrowers.
Processing charges are 0.50% of the loan amount, with a minimum of ₹1,500 plus GST and a maximum of ₹10,000 plus GST.
For new or old houses (up to 10 years old):
– Up to ₹30 lakh: 10%
– ₹30 lakh to ₹75 lakh: 20%
– Above ₹75 lakh: 25%
There are no prepayment charges for floating rate loans sanctioned to individual borrowers.
Applicants need to submit:
– Duly filled application form with photographs
– Identity and address proofs
– Income certificate issued by the Tahsildar or Mandal Revenue Officer
– Bank account statements for the past 6 months
– Land ownership documents
– Property documents and link documents for the last 13 years
– Proof of agricultural activity
Applicants can apply by visiting the official Canara Bank website or the nearest branch, checking eligibility, gathering required documents, filling out the application form, and submitting it along with the necessary documents for processing and verification.
Yes, women borrowers may be eligible for interest rate concessions on the Housing Loan to Agriculturists.
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