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Home >> Personal Banking >> Loan Products >> Canara Mortgage
 
Canara Mortgage
 

Discover the power of your property… !
For meeting genuine needs - other than speculative purposes.

Eligibility:

  • Individual customers having satisfactory dealings with our bank

  • New customers well introduced and credit worthy with satisfactory banker's / market reports on them.

Quantum :

  • Upto 50% on the value of the property offered as security as per the valuation report of the bank's panel-valuer with a maximum Rs. 10.00 Crores.

Rate of Interest: Please visit our interest rate page for the current rates

Repayment :

  • Upto 84 months by way of EMI

Repayment Capacity

  • NTH (Net Take Home) requirement is minimum 30% after installment of proposed loan

Security:

  • Equitable Mortgage of property acceptable to the Bank having clear marketable title.

Guarantee:

  • Personal Guarantee from person / s of adequate net worth acceptable to the Bank. Waiver considered selectively.

Processing Charges:

  • 1% of loan amount with a minimum of Rs.5000/- and maximum of Rs. 50,000/-.

Documents / Formalities :

  • Stipulated Loan Application with passport size photographs - 2 copies each

  • Copy of lease deed

  • Income proof of the applicant and guarantor

  • Income Tax Assessment Order / IT Returns

  • Title deeds of the property / EC, latest tax paid receipt / Legal Scrutiny Report

  • Approved plan of building

  • Certificate of balance if finance is availed against property from any other source

  • Annual Financial Statements for the past 2 years (in case of persons other than salaried individuals)

For more details, please visit our nearest branch or call to toll free no. 1800 425 0018.

 

Frequently Asked Questions on Canara Mortgage