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.
Table of Contents :
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.