Canara Mortgage

  • To the individuals for non-business purpose only, for meeting any unforeseen expenses, urgent personal and medical needs etc
  • Individual customers having satisfactory dealings with our bank
  • New customers well introduced and credit worthy with satisfactory banker's / market reports on them.
  • NRI customers, with their resident close relatives as co-borrowers, can avail the loan.
  • 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, whichever is less.
  • Upto 84 months by way of EMI
  • NTH (Net Take Home) requirement is minimum 20% or 20,000/p.m. whichever is higher after meeting EMIs of proposed loan.
  • Equitable Mortgage of property acceptable to the Bank having clear marketable title.
  • Personal Guarantee from person / s of adequate net worth acceptable to the Bank. Waiver considered selectively.
  • 1% of loan amount with a minimum of Rs.5000/- and maximum of Rs. 50,000/-.
  • Rs.100/- Per Lac or part thereof with minimum of Rs.1000/- and Maximum Rs. 25000/-
  • 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

Frequently Asked Questions on Canara Mortgage

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Click here to see E M I Calculator

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