75 Lakh Home Loan Canara Bank

Home Loan By Amount
Home Loan By Profession
Home Loan By Scheme
Home Loan By Property

Taking that big step towards purchasing your dream home is quite a milestone, right? And with Canara Bank's Rs. 75 Lakh Home Loan, it feels less like a step and more like a giant leap in the right direction. This loan isn't just about numbers; it's about making your home ownership dreams come true. With its appealing interest rates, Canara Bank offers a helping hand to ensure your journey is as smooth and hassle-free as possible. In this guide, we'll walk you through everything you need to know—from who's eligible and what documents you'll need to the ins and outs of applying.

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. 75 Lakh Home Loan Canara Bank Highlights

2. 75 Lakh Home Loan EMI for 10 years Canara Bank

3. 75 Lakh Home Loan EMI for 20 years Canara Bank

4. 75 Lakh Canara Bank home loan Fees and Charges

5. 75 Lakh Canara Bank home loan Documents Required

6. 75 Lakh Canara Bank home loan Eligibility Criteria

Written By

Hepson Franklin

Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.

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.

75 Lakh Home Loan Canara Bank – Highlights

Features	Description
Who Are Eligible?	Resident/Non-resident Indians with stable income. Salaried and non-salaried individuals.
Maximum Loan Amount	There is no upper limit, subject to proof of income.
Loan Tenure	The borrower must be up to 30 or 75 years of age, whichever is earlier.
Margin	10% for loans up to Rs.30 Lakh; 20% for loans above Rs.30 Lakh & up to Rs.75 Lakh; 25% above Rs.75 Lakh and for old houses (> ten years).
Upfront Fee	0.50% of the loan amount (Min Rs.1,500 to Max Rs.10,000 GST). Special waivers during promotional periods
Collateral/Security	Typically, it involves financing the property’s mortgage.

75 Lakh Home Loan EMI for 10 years Canara Bank

Loan Tenure	Monthly EMI (Approx.)	Overall Interest Paid	Total No. of EMIs
10 years	88,937	31,72,440	120

75 Lakh Home Loan EMI for 20 years Canara Bank

Loan Tenure	Monthly EMI (Approx.)	Overall Interest Paid	Total No. of EMIs
20 years	60,758	70,81,920	240

75 Lakh Canara Bank home loan – Fees and Charges

Fee Type	Amount
Processing Fee	0.50% of loan amount (Min Rs.1,500 to Max Rs.10,000 +GST)
Prepayment Charges	Nil for floating rate loans
Late Payment Fee	As per the bank’s terms
Legal/Technical Valuation Fee	At actuals, based on the property and loan amount
Documentation Charges	At actuals

75 Lakh Canara Bank home loan – Documents Required

For an Rs. 75 Lakh Canara Bank home loan, the required documents include

KYC (ID and address proof)
Income proof (salary slips for salaried, ITR for self-employed)
Bank statements
Property documents (title deeds, approved plan)
Proof of business for non-salaried applicants.

75 Lakh Canara Bank home loan – Eligibility Criteria

Eligibility for a Rs. 75 Lakh Canara Bank home loan requires

The applicant must be a resident or non-resident Indian with a stable income.
Salaried individuals must have up to 72 times their monthly gross salary..
Non-salaried individuals need up to 6 times their annual gross income.
Age and creditworthiness also influence eligibility.

Frequently Asked Question (FAQs)

What is the EMI for a 75 Lakh Home Loan for 20 years in Canara Bank?

The EMI for a Rs. 75 Lakh home loan for 20 years in Canara Bank, assuming an interest rate of 7.5%, is approximately Rs.60,758 per month.

Who is eligible for a 75 Lakh Home loan in Canara Bank?

Eligibility for a Rs. 75 Lakh home loan in Canara Bank depends on the borrower's income. Salaried individuals need up to 72 times their monthly gross salary, and non-salaried individuals need up to 6 times their annual gross income.

What is the monthly interest rate of 75 Lakh home loan in Canara Bank?

The monthly interest rate for an Rs. 75 Lakh home loan in Canara Bank, with an interest rate of 7.5%, is approximately 0.625%.

Quick Links

Loan Offers By Canara Bank's

Home Loan by Nationalized Bank

Home Loan Calculators

Canara Bank Calculators