5 Crore Canara Bank Home Loan

Securing a 5 Crore home loan from Canara Bank, a prominent public sector bank in India, offers a feasible route for those looking to invest in high-value properties. Canara Bank provides prospective homeowners with attractive home loan options, featuring competitive interest rates that can significantly affect the Equated Monthly Installment (EMI) payments. They also offer flexible repayment terms and charge minimal processing fees, making their home loan packages especially appealing. Understanding the specifics of your EMI options with Canara Bank is crucial when considering such a substantial financial commitment. This ensures a more informed decision-making process for acquiring your dream home.

5 Crore Home Loan Canara Bank – Highlights

Following are the salient features of – 5 Crore Home Loan from Canara Bank:

5 Crore Home Loan EMI for 10 years and 20 years – Canara Bank

EMI amounts are indicative and subject to change based on the prevailing interest rates. You can use the Urban Money’s Home Loan EMI Calculator to calculate the EMI amount.

5 Crore Canara Bank Home Loan – Fees and Charges

• Processing Fee: Up to 0.5% of the loan amount, subject to a minimum and maximum limit.
• Prepayment Charges: Nil for loans on a floating interest rate.
• Late Payment Fee: Applicable as per the bank’s terms and conditions.
• Legal and Technical Charges: As per actuals, for property verification and legal due diligence.

5 Crore Canara Bank Home Loan – Documents Required

• Completed loan application form
• Passport-size photographs
• Identity proof (Aadhar, PAN, Passport, etc.)
• Residence proof
• Income proof (Salary slips, bank statements, ITR, etc.)
• Property documents

5 Crore Canara Bank Home Loan – Eligibility Criteria

• Age: 18 to 65 years.
• Income: Sufficient stable income to cover the EMI.
• Employment Status: Salaried or self-employed with a stable income source.
• Credit Score: Preferably 750 or above.
• Property Valuation: Should meet the bank’s criteria.