Canara Bank Chandigarh

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About  Canara Bank

Canara bank is one of the leading names in the banking sector for more than a century. It has been set up in the year 1906 and has recently completed a 100 year of service and dedication in the banking sector. The bank has been established to serve the needed people and improve the economic background of the people. The bank also made an effort to develop the savings habit in the people. It has completed one era and is still vibrant and full of enthusiasm to contribute to the growth of the country.

It has spread its network in the form of the branches in the entire country. It has opened many branches in the city of Chandigarh. The bank has also opened few branches in the foreign countries and has made the global presence. The bank has been awarded many times nationally as well as internationally. The bank has introduced many new things in the banking sector like the credit card for the farmers and much more. The bank caters to the wishes of the customer and designs its products accordingly so that it is best available products for the customer. It wants to be one of the most preferred banks when t comes to the customer satisfaction. The bank wants to keep moving towards the apex and maintain the trust and value of its customer, employee, and shareholder. It wants to keep doing the sheer hard work so that they can positively enhance the shareholder's money and trust together.

Address of Canara Bank Branches in Chandigarh

Branch Name AddressIFSC Code MICR Contact Details   
Sector 35B ChandigarhSco 311 - 312, Sector 35 B Chandigarh 160036CNRB00016251600150050172-2606101
Foreign Department, ChandigarhCo, Ii Floor , Plot No.1 , Sector 34 - A, ChandigarhCNRB00018001600159970172-2621384
Chandigarh Sector 17c (MAIN)Sco 117 - 119 , Sector 17 C, Chandigarh 160022,CNRB00003851600150080172 - 2711805
ChandigarhSco No.117, 118, 119, Sector 17c Chandigarh 160017CNRB00019951600150010172-2706453
Chandigarh Sector 44 - DSco 369 - 370 Sector 44 D, Chandigarh 160047 ,CNRB00023991600150090172-2601656
ManimajraSco 836 , Manimajra, Chandigarh 160022CNRB00024061600150130172-2732208
Sector 32 Branch, ChandigarhSco 367, Sector - 32d, Chandigarh 160047 ,CNRB00024481600150020172-2611894
?sector 8, ChandigarhChandigarh Sector 8, Sco 167 - 168 Sector - 8 C, Chandigarh 160018 ,CNRB00024511600150040172-2543464
Consumer Finance Branch, ChandigarhPlot No.1, Sector 34 A, Chandigarh 160017,CNRB00024521600150030172-2621989
Sector37, ChandigarhSco No.389, Sector 37 D, Chandigarh 160036,CNRB00024781600150070172-2696011
Sector19, ChandigarhScf No.29, Sector - 19 D, Chandigarh 160019 ,CNRB00024791600150060172-2545529
Sector 40 - C Savings, ChandigarhSco 81, Sector 40 - C, Chandigarh, Pin 160036,CNRB00025861600150150172-2691316
Sector 47 - C Savings, ChandigarhSco - 63, Sector 47 - C, Chandigarh 160047 ,CNRB00026691600150160172-2633508
Panjab Uni Campus, Chandigarh,Shop No.11, Shopping Complex, , Punjab University Campus, , Sector 14, Chandigarh 160014CNRB00028451600150200172-2784616
Circle Office, ChandigarhPlot No.1, Sector 34 A, , Chandigarh - 160022CNRB0CO79001600159950172-2604258

Products Offered by the Canara Bank in Chandigarh

Canara bank has been one of the known names in the banking sector since long. It has experience of over 100 years in the customer satisfaction. Its products are designed keeping in mind the different needs of the people from different background. The financial products include every type of loan like the home loan, car loan, gold loan, personal loan, loan against property etc. They also provide the fixed deposit so that you can get the high-interest rate on your money.

Basic details about Canara Bank products

ProductEligibilityLoan AmountInterest RateProcessing FeeTenure
Home LoanThe age of the applicant should be between 18 - 65 years

Salaried individuals with minimum 3 years experience

Business concerns, professionals and self-employed individuals working in the line of business/ profession for at least 3 years
For salaried Individuals - Up to 4 years gross salary
Self-Employed Individuals & Business person- Up to 4 years gross annual income

For repairs & renovations - Up to ₹ 15 lacs
8.45% - 8.65%0.50% of the loan amountUp to 30 years or until attaining age of 70 years
Personal LoanPermanent employees of reputed PSUs and Joint Stock Companies
Confirmed Central / State Government officials
Lecturers / Asst. Professors / Professors of Colleges / Research Institutions and Universities

The salary account of the employee should be maintained with the branch
The minimum net salary should not be less than 25% or Rs.10,000/- per month whichever is higher
Salaried - 6 month’s gross salary or ₹ 3,00,000 whichever is lower10.70% - 13.70%0.5% of the loan amountUp to 5 years
Vehicle LoanEligible Segments - Individuals, professionals, reputed firms and companies

Minimum annual gross salary of the individuals should ₹ 3 lacs

The non-individuals candidates should have minimum gross income of ₹ 3 lacs per month
New Car - No maximum limit

Used Car - 75% of the agreed value
8.70% - 9.35%0.25% of the loan amountFor new vehicles - 7 years

For used vehicles - 5 years
Loan Against PropertyExisting customers having satisfactory dealing with the bank

New customers with healthy credit history
Up to 50% of the property value or maximum ₹ 10 crores9.95 - 14.90% p.a.1% of the loan amountUp to 7 years
Gold LoanExisting Saving Bank customers or new customers properly introducedMinimum - ₹ 10,00,000

Maximum - ₹ 10,00,000
11.75% p.a.1% of the loan amountWithin 12 months
Fixed DepositIndividual
Joint (max. 4 people)
A guardian on behalf of a minor
HUF
Partnership Firm
A company
Association or any other Institution
Minimum - ₹ 1,000
Maximum - No predetermined limit
4.20% - 7.10%-15 days - 10 years

7 days - 14 days only on single deposit of ₹ 5 lakhs & above

Documents Required

The documents required by Canara Bank Chandigarh for different products are mentioned in the table below:

ProductsDocuments Required
ProductLoan Application with 2 passport size photos of applicant / guarantor
Sale Deed
Agreement for Sale
Copy of the approved plan for the proposed construction/extension/addition
Detailed cost estimate/valuation report from Bank's Panel Chartered Engineer/Architect
Allotment letter of Co-operative Housing Society/ Apartment Owners' Association/Housing Board/NOC from the Society/Association/Builders/Housing Board
Legal Scrutiny Report, EC for the past 13 years, Property Tax paid receipt, Khata and permission for mortgage, wherever necessary
Salary Certificate and Form No.16 (in case of salaried persons)
IT Returns filed for the past two years (in case of non-salaried persons)
A brief note on the nature of business, year of establishment, type of organization, etc., (in case of self-employed)
Balance Sheet and P&L Account for the past three years (in case of self-employed)
Home LoanLoan Application with 2 copies of passport size photographs
Latest Salary Certificate and Form No.16 / ITR/ITAO for last 3 years.
Co-obligation
Pronote /Pro-note Covering Letter
Personal LoanProof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible)
Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
Proof of Income: Latest salary slip with form 16 Audited balance sheet, Profit & Loss Account for latest two years/ Have a minimum turnover of ₹  4,50,000 per annum/ Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company/ Latest ITR
Bank Statement: Last 6 months
Vehicle LoanDuly filled Loan Application with passport size photographs - 2 copies each
Copy of lease deed
Income proof of the applicant and guarantor Income Tax Assessment Order / IT Returns
Title deeds of the property / EC, latest tax paid receipt / Legal Scrutiny Report
Approved plan of building
Certificate of balance if finance is availed against property from any other source
Annual Financial Statements for the past 2 years (in case of persons other than salaried individuals)
Loan Against PropertyApplication for Swarna Loan
Certificate by the Jewel Appraiser
Salary Certificate and Form No.16 / Income Proof
Gold LoansApplication form
Copy of PAN Card / Form 60 or 61 (in case the customer does not have PAN Card)
2 Photographs of Depositor/s
Identity Proof and Address Proof
Any other related documents as applicable to proprietorship concern, Partnership Firm, Company, HUF etc.
Fixed DepositApplication form
Copy of PAN Card / Form 60 or 61 (in case the customer does not have PAN Card)
2 Photographs of Depositor/s
Identity Proof and Address Proof
Any other related documents as applicable to proprietorship concern, Partnership Firm, Company, HUF etc.

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