Canara Bank Home Loan Chennai - IFSC, Rates March 2024, EMI, Eligibility

Canara Bank Home Loan in Chennai

About Canara Bank Home Loan in Chennai

The home loan is the product which helps the borrower to fulfill the dreams and have their own house. Canara bank provides the home loan at affordable rates and is one of the best service provider in terms of the customer satisfaction. There are many advantages like the flexible repayment tenure and so on. The home loan is the best way to tackle the financial obstruction which can stop you to own your dream house.

Canara Bank Home Loan in Chennai at a glance

Interest Rate8.85% - 11.25%
Loan amountFor 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 lakhs.
TenureUp to 30 years
Processing fee0.5% of the loan amount
Pre- payment chargesNo prepayment charges for floating rate of interest
Applied in case of takeover of the liabilities by any other banks or HFIs.

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 Chennai.

Address of Canara Bank Branches in Chennai

Branch NameAddressIFSC CodeMICR Contact Details
Chennai TeynampetNo.563/1, Anna Salai(G Floor), , Teynampet, Chennai - 600018,CNRB0000416600015038044 - 24312001
Foreign Department, ChennaiSpencer Towers - I, Gr.Floor, , P.B.No.3715, 770 - A, Anna Salai , , Chennai 600002CNRB0000905600015013044-28497058
Chennai A N StreetP.B.No.2019, 131, A N Street, George Town, Chennai 600079 ,CNRB0000906600015007044 - 25299205
Chennai Kellys CornerP.B.No.3007, , 207 Purasawalkam High Road, Chennai 600007CNRB0000907600015020044 - 26426004
Chennai General Patters RoadPb 307, 110, General Patters Road, Chennai 600002CNRB0000908600015014044 - 28531146
Chennai Guindy75, Mount Road, Guindy, , Chennai 600032 ,CNRB0000909600015016044 - 22349262
Chennai Pallavaram25, I Floor, Old Trunk Road, Pallavaram, , Chennai 600043CNRB0000910600015029044 - 22401908
Chennai Mount Road787, Karim Mansion, Mount Road, Chennai 600002?CNRB0000911600015024044 - 28520073
Perambur, Chennai68, Madhavaram High Road, Perambur, Chennai 600011CNRB0000912600015031044 - 2551 4981
Kotturpuram, Chennai4/1, Gandhi Mandapam Main Road, Kotturpuram, , Chennai - 600085CNRB0001550600015021044-24472232
Padmanabhanagar Adyar , Chennai123, Lb Road, Adyar, Chennai 600020CNRB0001609600015049044-2440571
Annanagar (W) Extension
Plot No.583, School Road, , Anna Nagar West Extension, , Chennai 600101CNRB0001834600015061044 - 26151483
Nri Branch , ChennaiSpencer Towers - Ii, I Floor, 770 - A, Anna Salai Madras 600002CNRB0001987600015063044-28497029
Velachery, Chennai2, 100 Ft Road, Tansi Nagar, ChennaiCNRB0002504600015067044-24865232

  • Home Loan Interest Rates March 2024
    Axis Bank8.75% - 9.15%
    Bank of Baroda8.50% - 10.60%
    Citibank8.75% - 9.15%
    HDFC8.50% - 9.40%
    ICICI Bank9.00% - 9.85%
    Indiabulls Housing Finance Limited8.65%
    Kotak Bank8.70%
    LIC Housing8.50% - 10.50%
    Piramal Capital & Housing Finance10.50%
    PNB Housing Finance8.50% - 10.95%
    Reliance Home Finance8.75% - 14.00%
    State Bank of India/SBI9.10% - 9.65%
    Tata Capital8.95% - 12.00%