Canara Bank Home Loan in Hyderabad

Last Updated : May 5, 2018, 11:47 a.m.

About Canara Bank Home Loan in Hyderabad

Hyderabad is the one of the booming and rapidly expanding city in India. The dream home in the city is difficult to find if you are solely dependent on your savings. The properties are expensive and so is the standard of living. So, the home loan is one of the financial solutions that can help the people to buy their choice of abode. Canara bank home loan offers the loan amount with the competitive rates. It is one of the best options for having the dream house.

Canara Bank Home Loan in Hyderabad 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 Hyderabad .

Address of Canara Bank Branches in Hyderabad