Canara Bank Home Loan | Interest Rates | Eligibility | EMI Online

Canara Bank Home Loan- Get details on interest Rates. Check Eligibility, Documents, processing fees, loan amount, minimum salary, fees & charges online of canara bank online.

Canara Bank Home Loan Details

Interest Rates 9.65% – 9.75%
Processing Fees Nil till 31/01/2016
Pre payment Charges Nil
Loan Amount upto 90% of market value
Eligibility Age Should not be more than 70 Years
Lowest EMI Rs.851 per lac
Min. Income Rs.12000/- p.m
Loan Repayment 30 years

 

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Canara Bank Home loan EMI Calculator

Enter the following information in the below EMI calculator:
✓ Principal loan amount you wish to avail (rupees)
✓ Loan term (months or years)
✓ Rate of interest (percentage)


Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

EMI calculation per lac for Canara Bank Home Loan as per Loan tenure period

 

Loan Amount Repayment Time Interest Rate EMI Per Month
Rs.1,00,000 5 year 9.65% Rs.2107
Rs.1,00,000 10 year 9.65% Rs.1302
Rs.1,00,000 15 Year 9.65% Rs.1053
Rs.1,00,000 20 Year 9.65% Rs.941
Rs.1,00,000 25 Year 9.65% Rs.884
Rs.1,00,000 30 Year 9.65% Rs.851

 
 

Required Documents / Formalities :

  • Required Loan Application with 2 passport size photos of applicant / guarantor
  • Sale Deed
  • Copy of the approved plan for the proposed construction / extension / addition
  • Comprehensive cost estimate / valuation 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 Inspection Report, EC for the past 13 years, Property Tax paid receipt, Khata and permission for mortgage, wherever necessary
  • If salaried person, Salary Certificate and Form No.16 required
  • In case of Non Salaried, IT Returns for the past two years required
  • 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)

For more details, please visit Canara Bank earest branch or call to toll free no of canara bank. 1800 425 0018.

 

Example of Canara Bank Home Loan of 25 lakh amount @ 9.65% rate of interest for 30 years calculation:

 

Year Principal Interest Balance Amount
1 Rs. 14,954 Rs. 240,598 Rs. 2,485,046
2 Rs. 16,462 Rs. 239,090 Rs. 2,468,584
3 Rs. 18,121 Rs. 237,431 Rs. 2,450,463
4 Rs. 19,949 Rs. 235,603 Rs. 2,430,514
5 Rs. 21,963 Rs. 233,589 Rs. 2,408,551
6 Rs. 24,177 Rs. 231,375 Rs. 2,384,374
7 Rs. 26,617 Rs. 228,935 Rs. 2,357,757
8 Rs. 29,301 Rs. 226,251 Rs. 2,328,456
9 Rs. 32,258 Rs. 223,294 Rs. 2,296,198
10 Rs. 35,512 Rs. 220,040 Rs. 2,260,686
11 Rs. 39,095 Rs. 216,457 Rs. 2,221,591
12 Rs. 43,040 Rs. 212,512 Rs. 2,178,551
13 Rs. 47,383 Rs. 208,169 Rs. 2,131,168
14 Rs. 52,163 Rs. 203,389 Rs. 2,079,005
15 Rs. 57,422 Rs. 198,130 Rs. 2,021,583
16 Rs. 63,217 Rs. 192,335 Rs. 1,958,366
17 Rs. 69,593 Rs. 185,959 Rs. 1,888,773
18 Rs. 76,616 Rs. 178,936 Rs. 1,812,157
19 Rs. 84,344 Rs. 171,208 Rs. 1,727,813
20 Rs. 92,854 Rs. 162,698 Rs. 1,634,959
21 Rs. 102,220 Rs. 153,332 Rs. 1,532,739
22 Rs. 112,533 Rs. 143,019 Rs. 1,420,206
23 Rs. 123,888 Rs. 131,664 Rs. 1,296,318
24 Rs. 136,385 Rs. 119,167 Rs. 1,159,933
25 Rs. 150,141 Rs. 105,411 Rs. 1,009,792
26 Rs. 165,290 Rs. 90,262 Rs. 844,502
27 Rs. 181,966 Rs. 73,586 Rs. 662,536
28 Rs. 200,325 Rs. 55,227 Rs. 462,211
29 Rs. 220,532 Rs. 35,020 Rs. 241,679
30 Rs. 241,840 Rs. 12,771 Rs. 0

City list of Canara Bank home loan branches

Mumbai Delhi Chennai Bangalore
Ahmedabad Chandigarh Hyderabad Kolkata
Pune Mangalore Jaipur Cochin

 

Other available Products of Canara Bank

Canara Bank Personal Loan
Canara Bank Car Loan
Canara Bank Credit Card
Canara Bank Education Loan

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