Canara Bank Home Loan in Chennai

Last Updated : March 31, 2017, 6:09 p.m.

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

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