4 Crore Home Loan Canara Bank

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The Canara Bank 4 Crore home loan is a remarkable credit option. Whether you want to purchase or construct a house, the bank can help you bring your dream to life. Interest rates start at just 8.40% per annum and can go up to 11.75% per annum, depending on your credit score and financial profile. The bank further offers more personalised repayment plans, lower processing fees, easy-to-meet eligibility criteria, hassle-free documentation, and fast fund disbursement, making it a borrower-friendly home loan. This blog details the expected 4 Crore home loan EMI in Canara Bank, applicable features, eligibility, documentation, and more. Let’s scroll down.

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Table of Content

1. 4 Crore Home Loan Canara Bank Highlights

2. 4 Crore Home Loan EMI for 10 Years Canara Bank

3. 4 Crore Home Loan EMI for 20 Years Canara Bank

4. 4 Crore Canara Bank Home Loan Fees and Charges

5. 4 Crore Canara Bank Home Loan Documents Required

6. 4 Crore Canara Bank Home Loan Eligibility Criteria

Written By

Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal 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.

4 Crore Home Loan Canara Bank – Highlights

Here are the Canara Bank home loan interest rate for 4 Crore and other key parameters:

Interest Rates	8.40% to 11.75% p.a.
Loan Amount	75% – 90% of the property cost
Loan Tenure	30 years
Eligibility	Both salaried and self-employed individuals are eligible

4 Crore Home Loan EMI for 10 Years Canara Bank

Let’s examine the 4 Crore home loan EMI for 10 years at Canara Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹4 Crore	8.40% p.a.	10 years	₹4,93,806	₹1,92,56,720	₹5,92,56,720

4 Crore Home Loan EMI for 20 Years Canara Bank

Let’s examine the 4 Crore home loan EMI for 20 years at Canara Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹4 Crore	8.40% p.a.	20 years	₹3,44,602	₹4,27,04,480	₹8,27,04,480

4 Crore Canara Bank Home Loan – Fees and Charges

In addition to the 4 Crore Home Loan EMI at Canara Bank, there are certain fees and charges you must be aware of, as follows:

Fee/Charge	Amount
Processing Fee	0.5% of the loan amount
Prepayment charges	Nil
Late payment charges	2.00% p.a. on the overdue amount
Documentation Charges	₹100/- per lakh
Stamp duty & other statutory charges	As per applicable laws of the state

4 Crore Canara Bank Home Loan – Documents Required

Here are the required documents for a Canara Bank 4 Crore home loan:

Identity Proof	Aadhaar card, PAN card, driver’s license, passport, voter ID card, etc.
Address Proof	Driver’s license, voter ID card, electricity bill, telephone bill, etc.
Income Proof	Salary slip/business proof, bank statement, and IT returns

4 Crore Canara Bank Home Loan – Eligibility Criteria

4 Crore home loan eligibility at Canara Bank is as follows:

Age Limit	21 – 60 years old
Employment Type	Either salaried or self-employed individuals
Employment Experience	2 years of work experience or business continuity
Credit Score	Preferably 700 or above
Residential Status	Both Resident Indians (RI) and Non-resident Indians (NRI)

Frequently Asked Question (FAQs)

What is the EMI for a 4 Crore Home Loan for 20 years in Canara Bank?

The EMI for a 4 Crore home loan for 20 years at Canara Bank can be approximately ₹4,93,806, with a base interest rate of 8.40% per annum.

Who is eligible for a 4 Crore home loan at Canara Bank?

Both salaried and self-employed individuals are eligible for a 4 Crore home loan at Canara Bank, subject to their monthly income.

What is the monthly interest rate of a 4 Crore home loan in Canara Bank?

The monthly interest rates for a 4 Crore home loan at Canara Bank range from 0.70% to 0.98%.

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