Canara Bank Home Loan in Mumbai

Last Updated : May 5, 2018, 11:49 a.m.

About Canara Bank Home Loan in Mumbai

The home loan is one of the financial solutions which is provided by many banks to its customers so that they can realize the dream to own a home. Canara bank is one such bank that helps the customers by providing the home loan with the different scheme. It gives the housing loans at the affordable prices and has other benefits as well. It is better to give the EMI to the bank and own a house than to give the money as the rent. For all those who want to turn the dream home into a reality, Canara bank is the best option to do that.

Canara Bank Home Loan in Mumbai 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 Mumbai .

Address of Canara Bank Branches in Mumbai