Canara Bank Home Loan

Canara Bank | Home Loan | 05-Apr,2023

About Canara Bank: Canara Bank is one of the public sector banks in India. The bank is wholly owned and controlled by the Ministry of Finance, Government of India. It offers a wide range of consumer banking services, including savings accounts, current accounts, short-term and long-term loans, and other banking services. The bank has become very popular among people due to its excellent banking services.

Detail: You can get home loan from Canara Bank at the starting interest rate 8.90% p.a. onwards for tenures of up to 30 years.

Annual Percentage Rate (APR): 8.90% - 13.70% p.a.

Minimum & Maximum period for repayment (Loan Tenure): Up to 30 years

Loan processing charges: 0.5% of loan amt. (Min. Rs. 1,500 & Max. of Rs. 10,000) + GST

Late Payment: As per the loan agreement.

Foreclosure Charges: As per the loan agreement.

Partpayment Charges: N/A

Maximum Loan Amount: Depending on the applicant’s profile.

Canara Bank Profile

Sector : Finance

Industry : Regional Banks

Canara Bank is owned by the Government of India. It conducts all types of banking business throughout India. It was founded on July 1, 1906, in Mangalore by Ammembal Subba Rao Pai, a great visionary and philanthropist. According to sources, L.V. Prabhakar, the Managing Director and Chief Executive Officer (CEO) of Canara Bank, whose term ended on December 31, will be succeeded by Executive Director K. Satyanarayana Raju.

Know more

You will go on the Official website.

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Loan Type

Canara Bank ROI Max Loan Amount Tenure Processing Fee Late Payment Foreclosure Charges Partpayment Charges
Personal Loan 12.05% p.a. Up to Rs.3 lakh or 6 to 10 times of gross salary 3 months to 18 months 0.5% to 1% of loan amount As per the loan agreement. As per the loan agreement. N/A
Home Loan 8.90% - 13.70% p.a. Depending on the applicant’s profile. Up to 30 years 0.5% of loan amt. (Min. Rs. 1,500 & Max. of Rs. 10,000) + GST As per the loan agreement. As per the loan agreement. N/A
Education Loan 10.75% - 11.25% Depending on the applicant’s profile. Up to 10 years As per the loan agreement. As per the loan agreement. N/A N/A

Disclaimer* - All the information provided on this site regarding loans and other banking services is completely taken from different websites of respected banks and financiers. We do not provide any kind of loan or finance. We only help you out to find the right loan or banking service that would be best for you as per your requirements. We do not get user data for further processing. We do not take any kind of money from our users, or do we have a sales team to provide loan. All loans are at the discretion of the associated Banks.