Canara Bank Home Loan for Self Employed

Are you a self-employed professional or non-professional and looking for a home loan? Do you want to buy, construct, renovate, or extend your house? If yes, you might be interested in the Canara Bank home loan for self-employed people. This home loan scheme caters to the specific needs and challenges of the self-employed segment of society. The applicants can ideally expect competitive interest rates, flexible repayment options, moderate eligibility criteria, and hassle-free documentation. To know more about this handy credit option, continue to scroll down. We present details such as Canara Bank home loan eligibility for self-employed, required documents, pertinent fees, and more. 

Canara Bank Home Loan for Self-Employed – Highlights 

The Canara Bank home loan interest rate for self-employed and other key parameters are as follows: 

Canara Bank Home Loan for Self-Employed – Fees and Charges 

Following are the applicable fees and charges of the Canara Bank home loan for self-employed individuals: 

Canara Bank Home Loan for Self-Employed – Documents Required 

The required Canara Bank home loan documents for self-employed are as follows: 

• Proof of Identity: Aadhaar card, PAN card, passport, voter ID, or driving licence.
• Proof of Address: Passport, ration card, driving licence, or registered rent agreement.
• Proof of Income: Last 6-month bank statement, balance sheet, profit & loss account, last 3-year income tax returns, TDS certificate, etc. 
• Proof of Property: Title deed, sale agreement, encumbrance certificate, tax-paid receipts of the property, approved plan, etc.

Canara Bank Home Loan for Self-Employed – Eligibility Criteria 

Following are the applicable eligibility criteria concerning the Canara Bank home loan for self-employed:

• You must be between 21 and 70 years of age.
• You must have a minimum work experience of 3 years in your current profession or business.
• You must have a regular source of income sufficient to cover the loan EMI.
• You must have a minimum credit score of 701 or above.
• You must be an Indian resident, NRI, or Person of Indian Origin (PIO).