30 Lakh Home Loan Canara Bank

Make your dream of homeownership a reality with Canara Bank's home loan for up to ₹30 lakh. This loan offers competitive interest rates and flexible repayment options, making it a great choice for first-time homebuyers or those looking for a smaller property.  Canara Bank offers home loans at interest rates starting from 8.40% p.a. onwards for tenures of up to 30 years. Canara Bank's commitment to minimising paperwork and streamlining the application process means that your focus can remain on the joy of finding your perfect home rather than the stress of financing it. Let Canara Bank help you unlock the door to your new home!

30 Lakh Home Loan Canara Bank – Highlights

Here’s a summary of 30 Lakh Canara Bank Home Loan highlights in a tabular format:

30 Lakh Home Loan EMI for 10 Years Canara Bank

The EMI payment for a loan taken for 10 years can be determined using the initial interest rate of 8.40% per annum.

30 Lakh Home Loan EMI for 20 years Yes Bank

The EMI payment for a loan taken for 10 years can be determined using the initial interest rate of 8.40% per annum.

30 Lakh Canara Bank Home Loan – Fees and Charges

Here’s a table explaining the fees and charges for a 30 Lakh Home Loan from Canara Bank:

30 Lakh Canara Bank Home Loan – Documents Required

For a 30 Lakh Home Loan from Canara  Bank, the documentation required typically includes:

• Identity Proof: Passport, PAN, Driver’s license, Voter ID, or an Aadhaar.
  
• Address Proof: Aadhaar card, PAN, utility bill, Voter’s ID, Driver’s license, or valid passport.
  
• Income Proof: Salary, recent salary slip, form 16.
  
• Complete the application form along with two passport-size photos of the applicant or guarantor. 
• A copy of the approved plan for the proposed construction, extension, or addition.
  
• Provide a detailed cost estimate or valuation report from a chartered engineer or architect approved by the bank.
  
• An agreement for sale.
  
• If applicable, include the allotment letter from a cooperative housing society, apartment owners association, housing board, or a No Objection Certificate (NOC) from the respective society, association, builders, or housing board.
  
• In the case of self-employed individuals, provide a brief note about the nature of the business, year of business, type of organisation, etc.
  
• A legal scrutiny report, Encumbrance Certificate (EC) for the past 13 years, property tax paid receipt, Khata, and permission for mortgage, if necessary.
  
• For self-employed individuals, include the balance sheet and profit and loss account for the past three years.

30 Lakh Canara Bank Home Loan – Eligibility Criteria

Eligibility Criteria for a 30 Lakh Canara Bank Home Loan is as follows:

• Resident Indians and Non-Resident Indians (NRIs) who hold an Indian passport, as well as Persons of Indian origin (PIOs) who hold a foreign passport or Overseas Citizens of India (OCI), are eligible for the loan. 
• Individuals who have worked continuously for at least 2 years in their current organisation, with a minimum of 6 months of employment, can also be considered. Self-employed professions such as doctors, chartered accountants, architects, and others can also be considered, provided they can provide evidence of their 3-year income tax returns or assessment orders. 
• The borrower must be under 60 years old at the time of application and should be able to repay the loan before reaching 75 years of age. If the main borrower is 60 years or older, they must apply for the loan jointly with their earning spouse or earning legal heirs.