Canara Bank Home Loan in Jammu

About Canara Bank Home Loan in Jammu

The home loan is one of the key factors in today’s life if you want to buy or construct the dream home. The rates of the property and normal cost of living have become expensive. It is highly difficult to manage the expenses and still save enough to buy a house. With this method, it can be a long wait before the fulfillment of the dream. So, Canara bank is one of the ways in which you can become the owner of the home. In the city of Jammu, it is one of the best available options as the bank has many branches in the city and the loan is easy to avail with competitive rates. Thus, now the dream to own a house is affordable and achievable.

Canara Bank Home Loan in Jammu at a glance

ParticularsDetails
Interest Rate8.65% - 8.85%
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 Jammu.

Address of Canara Bank Branches in Jammu

Branch NameComplete AddressIFSC CodeMICR CodeCustomer Care
Shalimar Road (Main), JammuKaran Bhavan, Shalimar Road, Jammu 180001CNRB00001001800150010191-2576622
Trikutanagar, JammuNear Power Station, J D A Market, Sector - 3, Trikutanagar, JammuCNRB00020681800150020191-2473382
Savings Branch, Jammu# 32, A Extension, Gandhinagar, Jammu, J & KCNRB00025941800150030191-2432079
Jammu Channi Himmat250 A, Sector - 2, Channi Himmat, JammuCNRB00029751800150040191-2460681
Bari Brahmana, JammuKalsa Complex, National High Way, Bari Brahmana - 181133, Dist Samba, JammuCNRB00031461800150059419105251
Talab Tillo JammuF-64, Talab Tillo, Jammu Pin-180002CNRB0005221180015011[email protected]
Jammu BakshinagarCanara Bank # 204, Bakshi Nagar, Behind Dilbagh Mandi, Jammu -180001CNRB0005279180015015[email protected]
Jammu Greater KailashCanara Bank Near Fawara Chowk Greater Kailash Distt. Jammu-180011CNRB0005282180015013[email protected]
Janipur JammuCanara Bank, Shakuntala Complex, Opposite High Court Road, Janipur, JammuCNRB00052231800150109596666266
Jammu SidhraNear SBI National Highway, Jammu Sidhraja MMU Sidhra, Jammu And Kashmir 181017CNRB00052221800150189418109881

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