Canara Bank Home Loan for Senior Citizens & Pensioners

Canara Bank is one of the leading public-sector banks in India. One of its popular products is the home loan, which helps people buy, construct, renovate, or extend their own houses. It also comes with attractive interest rates, flexible repayment options, minimal processing fees, and more. However, what if you are a senior citizen and need a home loan from Canara Bank? Is it possible to get a home loan at an advanced age? What are the benefits and challenges of a home loan as a senior citizen? How can you apply for a Canara Bank home loan for senior citizens, and what are the eligibility criteria and documents required? In this guide, we will answer all these questions concerning a Canara Bank home loan for senior citizens and empower you to make your homeownership aspiration a reality as soon as possible.

Canara Bank Home Loan for Senior Citizen – Highlights 

Following are the key parameters of a Canara Bank housing loan for senior citizens: 

Canara Bank Home Loan for Senior Citizen – Fees and Charges 

Following are the applicable fees and charges of a senior citizen home loan in Canara Bank:

Canara Bank Home Loan for Senior Citizen – Documents Required 

Following are the required documentation of the Canara Bank home loan senior citizen:

• Stipulated loan Application form, along with 2 passport-sized photographs. 
• KYC and PAN Number of the applicant and all legal heirs.
• Income proof such as pension slip, bank statement, income tax return, etc.
• Property proof such as IT Clearance certificate, Property tax paid receipts, etc. 

Canara Bank Home Loan for Senior Citizen – Eligibility Criteria 

Following are the applicable eligibility criteria regards the Canara Bank home loan for senior citizens: 

• The applicant must be a resident of India.
• The applicant must be above 60 years of age.
• The applicant must have a regular monthly income or pension.
• The applicant must have a good credit score and repayment history.