80 Lakh Home Loan Canara Bank

Canara Bank offers a comprehensive range of home loans designed to meet various housing needs. Canara Bank home loan products cater to purchasing a new property, constructing a house, or enhancing an existing home. Competitive interest rates are available, and they may vary based on the borrower's financial profile and the loan amount. The bank provides flexible repayment options, extending up to 30 years, making it accessible to a wide demographic. Applicants can benefit from a straightforward application process and minimal documentation requirements. Additionally, Canara Bank ensures quick processing and disbursal of loans, which is supported by customer-friendly service, making it a reliable choice for prospective homeowners.

80 lakh Home Loan Canara Bank – Highlights

Take a look at Canara Bank’s 80 lakh home loan highlights. 

Canara Bank Home Loan 80 Lakh EMI for 10 years Canara Bank

Take a look at Canara Bank’s 80 lakh home loan EMI for 10 years.

80 Lakh Home Loan EMI for 20 years Canara Bank

Take a look at Canara Bank’s 80 lakh home loan EMI for 10 years.

Canara Bank 80 Lakh Home Loan – Fees & Charges

Here are Canara Bank’s home loan fees and charges.:-

• Processing fee of 0.50% (minimum Rs. 1,500 + GST, maximum Rs. 10,000 + GST).
• 50% reduction in processing fees during the Retail Loan Festival from 01.04.2024 to 30.04.2024.
• Full waiver of processing fees for takeover of home loan liabilities from other banks or financial institutions for customers with Canara SB Premium Payroll package (Gold, Diamond & Platinum variants) until 30.04.2024.

80 Lakh Canara Bank Home Loan – Documents Required

Following are the documents required for 80 lakh Canara Bank home loan. 

• Title deeds of the property and link documents for the last 13 years.
• Encumbrance Certificate for the past 13 years.
• Khata Certificate/ Khata Extract
• Upto date tax paid receipts of the property.
• Copy of the approved plan for the proposed construction/extension/addition.
• An affidavit-cum-undertaking that the applicant shall not violate the sanctioned plan, and construction shall be strictly as per the sanctioned plan.
• Completion Certificate (within 3 months of completion of construction).
• Allotment letter of Co-operative Society/Housing Board (wherever applicable)
• In case of allotment of a plot by the Society, documents to be submitted are as follows: Extract of the Resolution
• Bye-laws of the Society

80 Lakh Home Loan Eligibility Canara Bank 

Following is the eligibility criteria for the Canara Bank home loan. 

• Resident Type: Eligible applicants include Resident Indians, Non-Resident Indians (NRIs) with an Indian passport, Persons of Indian Origin (PIOs) with a foreign passport, and Overseas Citizens of India (OCI).
• Salaried Individual: Applicants must have at least 2 years of continuous service, with a minimum of 6 months in their current organisation.
• Non-salaried Individual: Business owners and self-employed professionals such as doctors, chartered accountants, and architects must provide three years of Income Tax Returns or Income Tax Assessment Orders as proof.
• Entry & Exit Age of Borrowers: The entry age must be under 60 years at the time of loan application, and the loan must be repaid before the borrower turns 75. If the primary borrower is 60 years or older, the loan must be co-signed with an earning spouse or legal heir.
• Takeover of HL Liability: Takeovers are accepted from all Public Sector Banks, Private Sector Banks, Cooperative Banks, Regional Rural Banks, Non-Banking Financial Companies, and Housing Finance Companies, regardless of their rating by External Credit Assessment Institutions (ECAI), subject to specific terms and conditions.