Canara Bank offers Loan Against Property (LAP) under the name – Canara Mortgage. Customers can avail the loan for non-business purpose only such as for meeting unexpected expenses, urgent personal and medical needs and so on. The current interest rate of Canara Bank Loan Against Property is 11.70% onwards.
|Canara Bank Loan Against Property Interest Rate 2020|
|Loan Amount||Upto 10 crore|
|Interest Rate||11.70% onwards (floating)|
|Loan-to-Value (LTV) Ratio||Upto 50% of the property value|
|Loan Tenure||Upto 7 years|
|Processing Fee||1% of loan amount|
Note: The figures given in the table are indicative and are subject to change at the banks’ discretion without prior information.