Canara Bank is one of the largest public sector banks that offer banking and financial services to its customers. Canara bank offers a wide variety of home loan schemes at attractive interest rates. NRIs can also avail home loan schemes for various purposes that include purchase of readymade house or flat, purchase of site and home construction over that site, and for undertaking house repairs, renovation, improvement and upgradation. Home loan can also be used for acquiring second house, flat where the borrower is having a home with or without loan, in advance.
Below mentioned is the interest rate offered and home loan related charges for your reference.
Canara Bank Home Loan Interest Rate 2019
|Interest Rate||8.70% onwards|
|Processing Charges||0.50% of Loan amount or (Min Rs. 1500 & Max Rs. 10,000)|
|Loan Tenure||Upto 5 years of Gross annual salary / Income|
|Loan Amount||Max loan amount is 4 times of annual salary|
|Cheque Bounce Charges||Rs. 500 per instance|
|Cheque / Instrument Swap Charges||Rs. 500 per instance|
|Prepayment or Foreclosure Charges||Nil|