70 Lakh Home Loan Canara Bank

Canara Bank home loan can be an ideal choice to bring life to your dream of owning a home. Whether you want to construct or purchase a new home and renovate or expand your existing home, the bank is ready to disburse funds on time. The bank offers competitive interest rates, lower processing fees, zero repayment charges, and a complimentary credit card. However, before finalising your decision, it is important to understand the 70 lakh home loan EMI Canara Bank, applicable eligibility criteria, required documents, and associated fees. Urban Money provides a detailed overview of Canara Bank home loan 70 lakh EMI to empower you to make more informed decisions. Keep scrolling down to learn further. 

70 Lakh Home Loan Canara Bank – Highlights 

Here are the Canara Bank home loan interest rate for 70 lakh and other key parameters: 

70 Lakh Home Loan EMI for 10 Years Canara Bank 

Below is the expected 70 lakh home loan EMI with Canara Bank for a 10-year loan tenure:

70 Lakh Home Loan EMI for 20 Years Canara Bank 

Below is the expected 70 lakh home loan EMI for 20 years with Canara Bank:

70 Lakh Canara Bank Home Loan – Fees and Charges 

In addition to the Canara Bank housing loan EMI for 70 lakh, there are several fees and charges associated with this loan, such as:

70 Lakh Canara Bank Home Loan – Documents Required 

Let’s examine the required documents for a 70 lakh home loan EMI with Canara Bank:

• 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.
• Salaried Individuals: Last 6-month bank statement, 3-year IT returns, and recent salary slip. 
• Self-Employed Individuals: Last 3-year balance sheet, profit & loss account, ITR/ITAO certificate, bank statement, business proof, and a brief note on the nature of business. 

70 Lakh Canara Bank Home Loan – Eligibility Criteria 

70 lakh home loan eligibility in Canara Bank is as follows: 

• Age Limit: You must be aged between 21 and 60 years old.
• Residential Status: You must be either a Resident Indian (RI) or a Non-resident Indian (NRI).
• Employment Experience: You must have at least 2 years of working experience or business continuity. 
• Employment Type: Open to salaried individuals, businessmen, professionals, and self-employed individuals.
• Income Requirement: Up to 72 times your last drawn monthly gross salary or 6 times your annual gross business income.
• Credit Score: You must have a positive repayment history and a good credit score; typically, a score of 700 or above is considered ideal.