Canara Bank Chennai
Last Updated : Feb. 4, 2017, 4:03 p.m.
About Canara Bank
Canara bank was established in the year 1906 in the small town of Karnataka named Mangalore. The bank was established during the pre- independence era. It was established by the philanthropist and the thinker to encourage the habit of savings among the masses. It wanted to make the difference by serving the needy and create the atmosphere where there is inclusive growth of all. It has been more than hundred years and the bank is still growing in leaps and bounds. The success story of the bank has been phenomenal and has adopted all the change to sustain for so long in the banking sector. It is still following the old ideologies with the help of modern technology and is one of the premier players among all the other banks.
The network of the Canara bank has been spread in the entire nation and now it has set up branches outside India as well. The bank is present in every corner of the country down to the south as well. It has many branches in the capital city of Tamil Nadu, Chennai. The bank has availed all the financial requirements to the people of the city and met the requirements of the people. It still strives hard to continue its endeavor to be one of the pioneers in its own field and remain the most preferred bank of the country following the same route of customer satisfaction.
Address of Canara Bank Branches in Chennai
| Branch Name | Address | IFSC Code | MICR | Contact Details | |||
|---|---|---|---|---|---|---|---|
| Chennai Teynampet | No.563/1, Anna Salai(G Floor), , Teynampet, Chennai - 600018, | CNRB0000416 | 600015038 | 044 - 24312001 | |||
| Foreign Department, Chennai | Spencer Towers - I, Gr.Floor, , P.B.No.3715, 770 - A, Anna Salai , , Chennai 600002 | CNRB0000905 | 600015013 | 044-28497058 | |||
| Chennai A N Street | P.B.No.2019, 131, A N Street, George Town, Chennai 600079 , | CNRB0000906 | 600015007 | 044 - 25299205 | |||
| Chennai Kellys Corner | P.B.No.3007, , 207 Purasawalkam High Road, Chennai 600007 | CNRB0000907 | 600015020 | 044 - 26426004 | |||
| Chennai General Patters Road | Pb 307, 110, General Patters Road, Chennai 600002 | CNRB0000908 | 600015014 | 044 - 28531146 | |||
| Chennai Guindy | 75, Mount Road, Guindy, , Chennai 600032 , | CNRB0000909 | 600015016 | 044 - 22349262 | |||
| Chennai Pallavaram | 25, I Floor, Old Trunk Road, Pallavaram, , Chennai 600043 | CNRB0000910 | 600015029 | 044 - 22401908 | |||
| Chennai Mount Road | 787, Karim Mansion, Mount Road, Chennai 600002? | CNRB0000911 | 600015024 | 044 - 28520073 | |||
| Perambur, Chennai | 68, Madhavaram High Road, Perambur, Chennai 600011 | CNRB0000912 | 600015031 | 044 - 2551 4981 | |||
| Kotturpuram, Chennai | 4/1, Gandhi Mandapam Main Road, Kotturpuram, , Chennai - 600085 | CNRB0001550 | 600015021 | 044-24472232 | |||
| Padmanabhanagar Adyar , Chennai | 123, Lb Road, Adyar, Chennai 600020 | CNRB0001609 | 600015049 | 044-2440571 | |||
| Chennai Annanagar (W) Extension | Plot No.583, School Road, , Anna Nagar West Extension, , Chennai 600101 | CNRB0001834 | 600015061 | 044 - 26151483 | |||
| Nri Branch , Chennai | Spencer Towers - Ii, I Floor, 770 - A, Anna Salai Madras 600002 | CNRB0001987 | 600015063 | 044-28497029 | |||
| Velachery, Chennai | 2, 100 Ft Road, Tansi Nagar, Chennai | CNRB0002504 | 600015067 | 044-24865232 |
Products Offered by the Canara Bank in Chennai
The products offered by the Canara bank has the wide range of varieties so as to fulfill the needs of the people. The bank has been in service to people for more than 100 years and continues to be in the race to be the best among others. They provide the vast amount of financial products like the home loan, personal loan, loan against property, vehicle loan etc. It also increases the money of its customer by availing the fixed deposit. They are the pioneer in providing the world class services since long.
Basic details about Canara Bank products
| Product | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | The 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 | 8.85% - 11.25% | 0.50% of the loan amount | Up to 30 years or until attaining age of 70 years |
| Personal Loan | Permanent 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 lower | 11.75% - 16.25% | 0.5% of the loan amount | Up to 5 years |
| Vehicle Loan | Eligible 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 | 7.30% Onwards | 0.25% of the loan amount | For new vehicles - 7 years For used vehicles - 5 years |
| Loan Against Property | Existing customers having satisfactory dealing with the bank New customers with healthy credit history | Up to 50% of the property value or maximum ₹ 10 crores | 9.95 - 14.90% p.a. | 1% of the loan amount | Up to 7 years |
| Gold Loan | Existing Saving Bank customers or new customers properly introduced | Minimum - ₹ 10,00,000 Maximum - ₹ 10,00,000 | 11.75% p.a. | 1% of the loan amount | Within 12 months |
| Fixed Deposit | Individual 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 | 2.90% - 5.75% | - | 15 days - 10 years 7 days - 14 days only on single deposit of ₹ 5 lakhs & above |
Documents Required
The documents required by Canara Bank Chennai for different products are mentioned in the table below:
| Products | Documents Required |
|---|---|
| Product | Loan 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 Loan | Loan 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 Loan | Proof 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 Loan | Duly 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 Property | Application for Swarna Loan Certificate by the Jewel Appraiser Salary Certificate and Form No.16 / Income Proof |
| Gold Loans | Application 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 Deposit | Application 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. |