Canara Bank Home Loans
63Canara Bank home loans are offered at attractive interest rates similar to that of other nationalised banks in India.
Usually housing finance loans are taken by customers for constructing , renovating or purchasing houses.
Canara Bank is another trusted financial institution that the
customers approach for lending loans and believed to be better than
private banks which charge high interest on loans.
Canara bank home loans are available to both self employed and salaried class customers.
Non Resident Indian's are also given house loans based on certain conditions.
House loans from Canara bank upto Rs. 30 lakhs is given for 8.75 % interest for 1 to 4 years and for loans from 5 to 10 years an interest rate of 9 % is applicable , whereas the home loans for more than 10 years are charges 9.25 %
House loans above Rs.1 Crore will hav an interest rate from 9.25 to 11 percentage based on the loan tenure.
Base rate of the Canara loans is at present 8 percentage.
Processing fees of 0.5 % on finance amount is applicable on all home loans.
The loan tenure ranges from 1 year to 25 years.
Canara Bank levies 2 % Pre-closure Charges on loans that are closed before a particiluar period.
Canara bank has recently increased the interest rates given for term deposits.
