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Home > Home Loan > Canara Bank Home Loan > Canara Bank Canara Kuteer Loan | Check Interest Rates, EMI, Eligibility, Processing Fees, and Documents Required

Canara Bank Canara Kuteer Loan | Check Interest Rates, EMI, Eligibility, Processing Fees, and Documents Required

April 30, 2025
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Looking to build or buy your dream home on a budget? Canara Bank’s Canara Kuteer Loan offers affordable housing finance tailored for economically weaker and low-income groups. In this blog, we’ll cover its interest rates, EMI options, eligibility, fees, and the documents you’ll need to get started.


Canara Bank Canara Kuteer Loan Highlights

CategoryDetails
Interest RateStarting from 8.05% p.a.
Loan TenureUp to 30 Years
Processing Fee0.50% of the loan amount 
(Min ₹1,500 – Max ₹10,000) + GST

Check Out: Canara Bank Home Loan


Canara Bank Canara Kuteer Loan Interest Rates 2025

Canara Bank Kuteer Loan 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-PRIME8.05% p.a. onwards
CRG 18.05% p.a. onwards
CRG 28.35% p.a. onwards
CRG 39.25% p.a. onwards
CRG 410.75% p.a. onwards

For more detailed information, please visit the official Canara Bank Canara Kuteer Loan page.


Canara Bank Canara Kuteer Loan Eligibility Criteria

Before applying for a Canara Kuteer Loan, it’s essential to understand the eligibility criteria. Here’s the essential eligibility checklist set by Canara Bank.

CriteriaDetails
Eligible ApplicantsIndividual house hold Income in Rural, Urban, Metro areas and members of Self-Help Groups i. Up to 1,00,000/- p.a. ii. Above 1,00,000/- & up to 3,00,000/- p.a
Income LimitUp to ₹3 lakh/year (max loan ₹10 lakh)
PurposePurchase, construction, or site+construction of house
Repayment TenureUp to 30 years or age 75, whichever is earlier
SecurityMortgage of the financed property
Margin10%–25% based on house type and loan amount
Processing Fees0.50% of loan (Min ₹1,500 – Max ₹10,000) + GST
Offer50% fee waiver till June 30, 2025

For more detailed information and the most up-to-date terms, please refer to Canara Bank’s official website.

Check Out: Canara Bank Home Loan Eligibility Calculator


Canara Bank Canara Kuteer Loan Processing Fees

Applicant TypeProcessing 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.
Bank is celebrating Retail Loan Festival and waiver of 50% processing charges from 01.04.2025 to 30.06.2025.

For more detailed information, please visit the official Canara Bank Canara Kuteer Loan page.


Canara Bank Canara Kuteer Loan Other Fees and Charges

Here are the Other Fees and Charges associated with the Canara Kuteer Loan:

Charge TypeDetails
Processing Fee0.50% of the loan amount
Minimum: ₹1,500 + GST
Maximum: ₹10,000 + GST
Retail Loan Festival Offer50% waiver on processing charges from April 1 to June 30, 2025
SecurityMortgage of the house/flat financed and hypothecation of assets created out of the loan proceeds.
Repayment TenureUp to 30 years or until the borrower attains 75 years of age, whichever is earlier.
Prepayment ChargesNo prepayment penalty for housing loans with floating interest rates, even if the loan is taken over by other banks or housing finance institutions.
Documentation ChargesNot explicitly specified, may vary based on loan amount and bank policies
Stamp Duty & RegistrationAs per state laws, to be borne by the borrower
Legal & Valuation ChargesApplicable as per actuals, to be borne by the borrower

Source: Canara Bank Canara Kuteer Loan.

Read More: Canara Bank Home Loan Processing Fees and Other Charges


Canara Bank Canara Kuteer Loan Documents Required

The list of Documents required for the Canara Bank Kuteer Loan:

Document TypeDetails
Loan Application FormDuly filled application form with passport-sized photographs of the applicant and co-applicant.
Identity ProofPAN Card, Aadhaar Card, Passport, Voter ID, or Driving License.
Address ProofAadhaar Card, Passport, Voter ID, Driving License, Utility Bills (Electricity, Telephone), or Rent Agreement.
Age ProofBirth Certificate, School Leaving Certificate, Passport, or PAN Card.
Income Proof (Salaried)Latest salary slips, Form 16, and bank statements for the last 6 months.
Income Proof (Self-Employed)Income Tax Returns for the last 3 years, Profit & Loss Account, Balance Sheet, and bank statements for the last 6 months.
Property DocumentsTitle deeds of the property, link documents for the last 13 years, Encumbrance Certificate, and approved building plan.
Other DocumentsPassport-sized photographs, processing fee cheque, and any other documents as required by the bank.

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 Canara Kuteer Loan?

Time needed: 3 minutes

​To apply for the Canara Bank Canara Kuteer Loan online, follow these steps:​

  1. Visit Canara Bank:

    Apply online at canarabank.com or visit a nearby branch.

  2. Fill the Form:

    Complete the loan application with accurate details.

  3. Submit Documents:

    Attach required documents like ID, income, and property proof.

  4. Verification:

    Bank reviews and verifies your application.

  5. Loan Disbursement:

    On approval, the loan is sanctioned and disbursed.

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 SchemeInterest Rate
Canara Bank Housing Loan8.05% p.a. onwards
Canara Bank Housing Cum Solar Loan8.75% p.a. onwards
Canara Bank Kuteer Loan8.05% p.a. onwards
Canara Bank Housing loan to Agriculturists8.05% p.a. onwards
Canara Bank Home Loan for NRIs8.05% p.a. onwards
Canara Bank Approved Housing Projects8.05% 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

BankUp to Rs. 30 LakhAbove Rs. 30 Lakh to Rs. 75 LakhAbove Rs. 75 Lakh
SBI Bank8.00% p.a. onwards8.00% p.a. onwards8.00% p.a. onwards
HDFC Bank8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
LIC Bank8.50% – 10.35% p.a.8.50% – 10.55% p.a.8.50% – 10.75% p.a.
ICICI Bank8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
Kotak Mahindra Bank8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
Punjab National Bank8.50% – 11.05% p.a.8.50% – 11.05% p.a.8.50% – 11.05% p.a.
Bank Of Baroda8.40% onwards8.40% – 10.65% p.a.8.40% – 10.90% p.a.
Bajaj Housing Finance8.50% p.a. onwards8.50% p.a. onwards8.50% p.a. onwards
Axis Bank8.75%-10.30% p.a.8.75%-10.30% p.a.8.75%-10.30% p.a.
Bank of India8.40% p.a onwards8.40% p.a onwards8.40% p.a onwards
TATA Capital8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
The interest rates, maximum tenures, and other charges are subject to change, and it’s advisable to check with our experts for the most current information.

Conclusion

The Canara Kuteer Loan offers affordable housing finance to economically weaker and low-income groups with flexible terms. It’s a supportive step toward inclusive homeownership across India.

For personalized assistance with your home loan, consider scheduling a free consultation call with Credit Dharma today.


Frequently Asked Questions

What is the Canara Kuteer Loan?

The Canara Kuteer Loan is a specialized housing loan scheme by Canara Bank aimed at individuals from economically weaker sections and low-income groups. It facilitates the purchase, construction, or renovation of residential properties, making homeownership more accessible.

How can I apply for the Canara Kuteer Loan?

You can apply by visiting the official Canara Bank website and navigating to the Canara Kuteer Loan section. Alternatively, you can visit the nearest Canara Bank branch with the required documents to initiate the application process.

Who is eligible for the Canara Kuteer Loan?

Individuals residing in rural, urban, and metro areas with an annual household income of up to ₹3 lakh are eligible. Both salaried and self-employed individuals can apply, including members of Self-Help Groups (SHGs).

What is the maximum loan amount I can avail under this scheme?

The maximum loan amount depends on the applicant’s annual household income:
– Up to ₹1 lakh: Eligible for a loan up to ₹5 lakh.
– Above ₹1 lakh and up to ₹3 lakh: Eligible for a loan up to ₹10 lakh.

What is the repayment tenure for this loan?

The loan can be repaid over a maximum period of 30 years or until the borrower attains 75 years of age, whichever is earlier.

Are there any processing fees or charges?

Yes, a processing fee of 0.50% of the loan amount is applicable, with a minimum of ₹1,500 and a maximum of ₹10,000, plus GST.

What documents are required to apply for the Canara Kuteer Loan?

Applicants need to submit:
– Duly filled loan application form with passport-size photographs.
– KYC documents (Proof of Identity and Address).
– Income proof (salary slips, bank statements, ITRs).
– Property-related documents (title deeds, tax receipts, approved plans).

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