Canara Bank Home Loan in Chandigarh

Last Updated : May 5, 2018, 11:46 a.m.

About Canara Bank Home Loan in Chandigarh

Canara Bank is the leading commercial bank in India. It provides one of the best quality products and services to the people of India. The products that are one of the best due to its competitive rates. The home loan products provided by the Canara bank is one of the best with all the other features attached to it. To have a house in the city of Chandigarh is not an easy task where the finances are concerned. Thus, the Canara bank home loan is one of the way to support the dream to have a home in the city.

Canara Bank Home Loan in Chandigarh 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 Chandigarh .

Address of Canara Bank Branches in Chandigarh