Canara Bank Home Loan in Bengaluru

Last Updated : March 31, 2017, 4:52 p.m.

About Canara Bank Home Loan in Bengaluru

Canara bank provides many schemes in the home loan to make the dream of people living in the city of Bengaluru comes true to own a house of their own. The bank is one of the best in customer satisfaction, as it has experience of more than 100 years. The home loan offered by the bank is one of the best as it provides the best competitive rates. Also, the tenure of the loan is more which allow the borrower to repay the amount without any hassle.

Canara Bank Home Loan in Bengaluru at a glance

Eligibility Criteria

• 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.
• The borrower should not be above the age of 55 years at the time of availing the loan.
• The borrower above 55 years can avail the loan subject to certain stipulations.

Documents Required

• 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/evaluation 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)

To get more detailed information, visit Home Loan Bengaluru .

Address of Canara Bank Branches in Bengaluru