Home
Home Loan
Canara Bank Kuteer Home Loan

Canara Bank Kuteer Home Loan

The Canara Kuteer Home Loan is a specialised housing loan scheme. It is ideally designed to make homeownership more accessible and affordable for individuals across various income levels. As it focuses on inclusivity, the loan caters to individuals with annual household incomes below Rs. 3,00,000. The scheme is particularly beneficial for those looking to build a house on their own land, acquire a residential site, or purchase new or old homes, considering a more borrower-friendly credit option. For more detailed information, continue to scroll down. Hereunder, we offer a complete overview of the Canara Kuteer Housing Loan. Let’s dive in.

Get in Touch for Home Loan Expert Advice

Connect with our Home Loan Advisor Now!

Personalized Home Loan solutions
Expert guidance
Application assistance
Credit score discussion
Home Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Table of Content

1. Canara Kuteer Home Loan Highlights

2. Canara Kuteer Home Loan Features and Benefits

3. Canara Kuteer Home Loan Interest Rates

4. Canara Kuteer Home Loan Fees and Charges

5. Canara Kuteer Home Loan Eligibility Criteria

6. Canara Kuteer Home Loan Documents Required

7. Canara Kuteer Home Loan EMI Calculator

Written By

Kirti Bansal

Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Canara Kuteer Home Loan – Highlights

Here are the key parameters of a Canara Kuteer Home Loan:

Minimum Loan Amount	5 lakh
Maximum Loan Amount	10 lakh
Loan to Value (LTV) Ratio	75 – 90% of the property value
Loan Tenure	30 years

Canara Kuteer Home Loan – Features and Benefits

Here are the applicable features and benefits regarding a Kuteer Canara Home Loan scheme:

Lower interest rates
Minimal processing fees
No Prepayment penalty
‘Reducing balance’ interest rate
Fast fund disbursement

Canara Kuteer Home Loan Interest Rates

Following are the expected interest rates for a Canara Kuteer Housing Loan:

Minimum Rate of Interest	8.40% p.a.
Maximum Rate of Interest	11.75% p.a.
Mean Rate of Interest	9.41% p.a.

Canara Kuteer Home Loan Fees and Charges

Here are the applicable fees and charges for a Canara Kuteer Home Loan:

Fee/Charge	Amount
Processing fee	0.5% of the loan amount
Prepayment Charges	Nil
Penal interest or Late Payment penalty	Up to 2% p.a.
Legal/Valuation Charges	At actual

Canara Kuteer Home Loan – Eligibility Criteria

The eligibility criteria for the Canara Kuteer Housing Loan are as follows:

Age Requirement: Be between 21 and 60 years old.
Employment Types: Available to both salaried and self-employed individuals.
Income Criteria: Applicable to those with an annual income below 3 lakh.
Credit Score: A credit score of 700 or above is ideal.
Residential Status: Open to both Indian residents and non-residents of India.

Canara Kuteer Home Loan – Documents Required

Following are the required documents for a Kuteer Canara Home Loan scheme:

Proof of Identity: PAN Card, Driver’s License, Voter ID, Passport, Aadhar Card, etc.
Proof of Residence: Aadhar Card, Ration Card, Electricity Bill, Telephone Bill, etc.
Proof of Income: For salaried individuals, this could be salary slips, Form 16, and bank statements of the salary account. It would include balance sheets, profit & loss accounts, ITRs, and business proof for self-employed individuals.
Proof of Property: Agreement for sale, sale deed, authorised blueprint of the planned building, etc.
Additional Documents: Completed application form with 2 passport-size photos of the applicant/guarantor.

Canara Kuteer Home Loan – EMI Calculator

Following is the step-by-step procedure to estimate the EMI for a Canara Kuteer Home Loan

Step 1: Visit the Urban Money website.
Step 2: Click on the “Loan” tab at the home screen’s horizontal menu bar.
Step 3: Select the “Home Loan” option and tap “Home Loan Calculator.”
Step 4: You will be redirected to a new EMI Calculator page.
Step 5: Enter the principal loan amount, tenure, and interest rate.
Step 6: The calculator will instantly display the monthly EMI you must pay.