A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 1 Canara Bank Home Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.45% - 8.65% Floating
    1,500 to ₹10,000
    -
    30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria

    Canara Bank Home Loan is Rated as "Excellent!" by 76 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    Canara Bank is an Indian state-owned bank headquartered in Bangalore, Karnataka. It was established in 1906, making it one of the oldest banks in the country.The eventful journey of the Bank has been characterized by several memorable milestones. Today, Canara Bank occupies a premier position in the comity of Indian banks. With an unbroken record of profits since its inception, Canara Bank has several firsts to its credit. Congratulations on finding your dream home! Canara Bank Home Loan with its extensive features and competitive interest rates will help you in making your dream true


     

    You’re probably eligible for an Canara Bank Home Loan if you are

    01
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    Canara Bank Home Loan Minimum Age

    At least 18 years old

     Canara Bank Home Loan Maximum Age

    Less than 55 years old

    Canara Bank Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    Canara Bank Home Loan Minimum Income

    Earn more than the minimum
    income required


     

    Your Canara Bank Home Loan amount eligibility is based on these factors

    01
    02
    03
    Canara Bank Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    Canara Bank Home Loan Maximum Loan to property value

    Loan capped @80% of property value

    Canara Bank Home Loan EMI

    EMIs of other loans lower
    your eligibility


     

    Increase your eligible Canara Bank Home Loan amount by these steps

    01
    02
    03
    Canara Bank Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    Canara Bank Home Loan Maximum Tenure

    Choose longer tenure loan up to 30 years

    Canara Bank Home Loan Add parents as Co-applicant

    Alternatively add your parents


     

    Documentation needed to apply for an Canara Bank Home Loan

    • 1. Signed application form with photograph
    • 2. ID and residence proof
    • 3. Approved Building Plan
    • 4. Last 3 months bank statements
    • 5. Documentation for salaried applicants:

      - Last 3 months salary-slips

      - Form 16 or Income Tax Returns

    • 6. Documentation for self-employed applicants:

      - Last 2 years Income Tax Returns

      - Last 2 years CA Certified Profit & Loss Account


     

    Canara Bank Home Loan Interest RatesUpdated on 18 Aug 2017

    Canara Bank Home Loan Details
    Interest Rate 8.45% to 8.65%
    Processing Fees Nominal processing fee of 0.50% (Min Rs.1500/- and Max. Rs.10,000/-)
    Loan Tenure 30 Years
    Pre-closure Charges Nil
    Guarantor Requirement No Guarantor Required

     

    Canara Bank Home Loan

    Why pay rent every month when you can easily own your own little space by paying affordable EMIs? Purchasing a home is one of the major financial decisions one has to make in their life. But with the right home loan scheme you cannot just enjoy the pride of having a long-term asset of great value, but also reap significant tax benefits.

    Canara Bank offers home loan schemes at competitive interest rates and extends various special features to its customers, such as- home loan balance transfer, no prepayment charges, minimal documentation, quick processing, and much more.

    Features of Canara Bank Home Loan:

    • Individuals can avail home loan from Canara Bank for:
      • Buying a fully constructed house / apartment.
      • Constructing a house / apartment.
      • Purchase of a plot of land for the purpose of constructing a house on it.
      • For making repairs, undertaking renovation/upgradation, creation of additional amenities, etc. The maximum loan amount provided for repairs and renovations is Rs. 15.00 Lacs.
      • For acquiring a second house/apartment where the borrower is already having a house/apartment with or without loan.
    • Canara Bank facilitates balance transfers from:
      • Private Sector Banks/ Public Sector Banks
      • NBFCs (Non-Banking Financial Companies) which are externally rated as A & above
    • Canara Bank Home Loan
    • Finance provided for housing needs is:
      • The sum of 4 years’ gross salary for Salaried Individuals.
      • The sum of 4 years' gross annual income for self-employed individuals or businessmen.
      • Loan up to 5 years' gross salary/ income also permitted, as per Bank’s discretion.
      • The maximum loan amount offered for repairs / renovations is Rs.15.00 lacs.

      Individuals have to place their House/Apartment as security for availing a home loan.

    Canara Bank Housing Loan Eligibility:

    • Salaried individuals who have been employed for a minimum period of at least 3 years can apply.
    • Businessmen, Self-employed as well as professionals who have been in the business/profession for a minimum period of 3 years, can apply.
    • The applicant should not be more than 55 years old at the time of availing the loan.
    • Persons above the age of 55 years are also eligible subject to certain stipulations.

    Documents Required for Canara Bank House Loan:

    • Duly filled loan application form
    • 2 passport size photographs
    • Sale Deed
    • Sale Agreement
    • Copy of the approved plan for the construction, extension or addition to the house.
    • Cost estimate / valuation report provided by Bank's Architect/ Chartered Engineer
    • Allotment letter from the Apartment Owners' Association / Co-operative Housing Society/
    • Housing Board or NOC from the Society/ Association/ /Builders/ Housing Board
    • Legal Scrutiny Report, EC for the past 13 years, and permission for mortgage, and Property
    • Tax paid receipt when required.
    • Salaried Individuals: Salary Certificate and Form No.16
    • Non-salaried persons: Last two years’ IT Returns
    • Self-Employed: A brief note in the requisite format, with details about the business, such as type of organization, year of establishment, etc.
    • Self-Employed: Past three years’ Balance Sheet and P&L Account.

    Canara Bank Home Loan Interest Rate:

    Currently, the fixed rate of interest for housing loan is in the range of 8.65%-8.75%. The rate of interest varies as per the loan amount secured. The table given below specifies the interest rates applicable:

    Rate of Interest

    Loan Amount Rate of Interest Interest Applicable
    Up to Rs.75 lakh Women Applicant – One Year MCLR + 0.20% 8.65%
      Other Applicants – One Year MCLR + 0.25% 8.70%
    Above Rs.75 lakh Women Applicant – One Year MCLR + 0.25% 8.70%
      Other Applicants – One Year MCLR + 0.30% 8.75%

    One Year MCLR=8.45%

    Canara Bank Home Loan MCLR:

    The benchmark Marginal Cost of Funds-Based Lending Rate (MCLR) for home loans by Canara Bank is the 1-year rate. The Present One Year MCLR Stands at 8.45%.

    Loan Tenor MCLR
    Overnight 8.15%
    1 month 8.20%
    3 months 8.25%
    6 months 8.40%
    1 year 8.45%

    Canara Bank Home Loan EMI Calculator:

    In order to evaluate the overall cost of your Canara Bank home loan, you can use the online Home Loan EMI Calculator/ Home Loan Calculator tool. This will help you to better understand your Equated Monthly Installments (EMI) that will be applicable on the home loan amount availed from Canara Bank. BankBazaar.com offers an efficient and interactive Home Loan EMI Calculator that breaks down this complicated task and simplifies it. Also, this tool offers the following benefits-

    1. Quick and Hassle-free - You can access all details related to your home loan in an instant through the online home loan calculator. The process of EMI calculations is quick and you can get accurate results in just seconds!
    2. Database of Financial Information - You can collect important information about your Canara Bank Home Loan, such as the current interest rates, applicable EMI amount, amortization schedule, etc.
    3. Cost-free Service - BankBazaar.com offers its housing loan calculator tool absolutely free of cost.
    4. Plan your Expenses and Build your Budget - Try keying-in various variables until you find a tenure, EMI amount, etc. that suits your personal requirements and make a decision accordingly.

    Canara Bank’s Housing Loan Scheme for Senior Citizens

    As an individual gets older it gets more and more difficult to to apply for a loan as most banks do not service loans to senior citizens. Canara Bank has launched a special scheme to meet the housing finance needs of senior citizens. This scheme will allow individuals aged above 60 years to avail funds from Canara Bank for the construction of a new residence or for the renovation of an existing house at attractive interest rates and convenient repayment options. The various features, charges and interest rates associated with this scheme have been below.

    Features

    • Canara Bank Housing Loan Scheme for Senior Citizens may be availed by senior citizens for the construction of a new house/flat, for the purchase of a house/flat, or for the purchase of a site and the construction of house/flat thereon.
    • A maximum loan amount of Rs.15 lakhs will be provided for the renovation, repairs, and upgradation of an existing house/flat.
    • This scheme can be availed to take over the Home Loan liability from other private/public sector banks, and from Non-Banking Financial Companies rated ‘A’ externally.
    • Senior citizens may avail this loan to purchase their second house/flat.
    • This scheme is exclusively provided to applicants above the age of 60 years up to 70 years.
    • The charges applicable to the Senior Citizens Housing Loan Scheme are 50% those applicable on general home loans.

    Eligibility

    • The applicant should be above the age of 60 years and unto 70 years of age to avail a housing loan under this scheme.
    • The applicant should have a surviving spouse or an earning legal heir below the age of 55 years.
    • The applicant should have maintained a pension/salary/personal/business account with Canara bank for at least a year.

    Loan Amount

    • Salaried Individuals:

    A loan amounting to 50 times the pension/income of the individual, up to a maximum of Rs.75 lakhs subject to maintenance of 50% NTH after taking into account the EMIs of the proposed plan.

    • Self-Employed/Professionals:

    A loan amount to 4 times the gross annual income of the individual, up to a maximum of Rs.75 lakhs subject to maintenance of 50% NTH after taking into account the EMIs of the proposed plan.

    Margin

    Loan Amount New House/Flat Old House/Flat Up to 10 years old Old House/Flat Older than 10 years
    Up to Rs.30 lakh 10% 20% 25%
    Above Rs.30 lakh up to Rs.75 lakh 20% 20% 25%
    • In case of repairs, renovations, upgradations, etc. a standard margin of 25% will apply.
    • If the loan is being availed for the purchase of a second house/flat a margin of 25% will be applicable.
    • When the loan amount is Rs.10 lakhs or below the Stamp Duty, Registration Charges and other Documentation Expenses may be included in the Project Cost to fulfill the stipulated margin or to maintain the LTV Ratio. In cases where the borrower avails a loan amount exceeding Rs.10 lakhs no documentation expenses will be included in the project cost and the margin will be calculated as a percentage of the basic project cost.
    • The borrower’s contribution/margin should be furnished before the disbursement of the loan. In selective cases the bank allows borrowers to pay the margin on a pro-rata or stage-wise basis.

    Interest Rates

    Loan Amount Rate of Interest Present Interest Rates
    Up to Rs.75 lakh Women Applicants – One year MCLR + 0.20% 8.65%
      Male/Other applicant – One year MCLR + 0.25% 8.70%

    One year MCLR=8.45%

    Loan Tenure

    The maximum loan tenure under this scheme is 15 years including the moratorium period ranging between 1 month and 18 months depending on the purpose of the loan, or until the applicant attains the age of 75 years, whichever is earlier.

    Moratorium Period

    • In case of completed flats/houses the moratorium period will last 1 month.
    • In case of a fresh construction the moratorium period will last up to 18 months.

    Security

    The applicant will need to provide an equitable mortgage of the House Property being financed.

    Guarantee

    The applicant will need the provide a guarantee of a third party during application.

    Charges

    Processing charges will be charged at 50% of the prevailing charges on general home loans. Processing charges for general home loans is presently 0.50% of the loan amount with a minimum of Rs.1,500 and a maximum of Rs.10,000.

    Canara Bank Home Loan Plus

    In many cases people avail loans from Canara Bank and then realize that their expenses are more than what they estimated or decide to furnish their house, to service these needs of customers Canara Bank has introduced Canara Bank Home Loan Plus. Canara Bank Home Loan Plus allows borrowers to top up their home loan account to meet new or unforeseen expenses during the construction of purchase of a house. The special features, charges and applicable interest rates for Canara Bank Home Loan Plus have been listed below.

    Features

    • Canara Bank Home Loan Plus can be availed as a Personal Loan for any purpose, the bank will use its discretion to approve this facility.
    • The loan can be provided as an overdraft to the borrower, the overdraft will be tenable for one year and will be renewable till the closure of the Housing Loan.
    • In case the borrower decides to pre-close the existing Housing Loan he/she will need to clear the overdraft account first.
    • Canara Bank Home Loan Plus may also be availed as a Term Loan.
    • The applicant does not require to provide additional contribution to avail this facility.
    • No additional security is required to avail this facility.

    Eligibility

    Existing borrowers between the of 18 to 65 years with a good repayment track record for a minimum duration of one year.

    Quantum of Finance

    The quantum of finance provided to the borrower under the Canara Bank Home Loan and Canara Bank Home Loan Plus shall not exceed 75% of the value of the property determined at the time of sanction of the initial Home Loan.

    Rate of Interest

    Type of Loan Rate of Interest Present Interest Rates
    Term Loan One Year MCLR + 2.80% 11.25%
    Overdraft One Year MCLR + 3.30% 11.75%

    One Year MCLR=8.45%

    Quantum of Finance for Salaried Individuals

    • Finance under Canara Bank Home Loan Plus shall not exceed 10 months’ gross salary or Rs.25 lakhs.
    • After deducing the EMIs paid towards Canara Bank Home Loan and Canara Bank Home Loan Plus the Net Take Home salary of the individual should not be less than 40%.
    • In selective cases the bank may reduce the above mentioned stipulation to 25%.

    Quantum of Finance for non-Salaried Individuals

    The quantum of finance provided to non-salaried individuals shall not exceed 75% of their gross annual income for three years, subject to a maximum amount of Rs.25 lakhs.

    Repayment in case of Term Loan

    The remaining tenure of existing housing loan or 120 EMIs, whichever is lower. This is subject to the loan being cleared before the borrower attains the age of 70 years.

    Canara Bank Premium Housing Loan for High Net Worth Individuals

    Canara Bank has introduced Premium Loan that are targeted at servicing the housing finance needs of high net worth individuals. As the target market for these loans are high income groups the loans sanctioned under this scheme are for large projects and the loan amounts available to the individual are high. This scheme can be availed for the construction of a residential house/flat or for the purchase of a plot for construction or for the purchase of house/flat.

    Eligibility

    • The applicant should be a high net worth individual with an annual gross income of Rs.25 lakhs or more.
    • The applicant should be a minimum of 21 years at the time of sanction.

    Quantum of Finance

    • The minimum loan amount an individual may avail under this scheme is Rs.1 crore.
    • The loan amount is restricted to five time the Gross Annual Income of the individual as reflected in the latest Income Tax Assessment.
    • The expected rental, less tax etc. or the income of close relatives can be clubbed to determine the eligible loan amount.
    • The loan will be disbursed in stages with the last stage coinciding with the completion of the project.

    Interest Rates

    Loan Amount Rate of Interest Interest Applicable
    Loans over Rs.75 lakh For Women – One Year MCLR + 0.25% 8.70%
      For Others – One Year MCLR + 0.30% 8.75%

    One Year MCLR=8.45%

    Security

    • Equitable/Registered mortgage of property
    • A tripartite agreement may be executed between the bank, borrower and the developer.

    Guarantee

    • The bank may require a third party guarantee depending on the nature of the application.

    Charges

    • A processing fee of 0.10% of the loan amount will be charged, not exceeding Rs.25,000.
    • Rs.100 per lakh will be charged for documentation not exceeding Rs.25,000.

    Moratorium Period

    The moratorium period for this loan scheme ranges between 2 months and 36 months, depending on the nature of the project.

    Repayment

    • The total deduction including the EMIs towards servicing the loan should not exceed 70% of the gross annual income of the individual.
    • Salaried individuals can repay this loan 5 years post retirement or 30 years from the first disbursement, whichever is earlier.
    • Non-salaried individuals can repay this loan up to the age of 70 years or 30 years from the first disbursement, whichever is earlier.
    • Interest will be recovered on a monthly basis during the moratorium period.

    Canara Bank Housing Loans for Agriculturists

    India is an agriculture based nation and a large majority of our population is engaged in agricultural activities or allied activities. As the income for this industry is not continuous many agriculturists find it hard to access funds for building a house. Canara Bank has launched Home Loans for Agriculturists to address the financing requirements of individuals engaged in agricultural activities across the country. The various features of this loan scheme have been discussed in detail below.

    Eligibility

    • Individuals owning and cultivating agricultural land more than 5 acres if irrigated or more than 10 acres of dry land.
    • The agriculturalists should have 2 years of satisfactory dealings.
    • Agriculturalists engaged in allied activities with a minimum gross annual income of Rs.5 lakh.

    Quantum of Finance

    A maximum of four times the average annual income of the individual.

    Margin

    Loan Amount New House/Flat Old House/Flat Up to 10 years old Old House/Flat Older than 10 years
    Up to Rs.30 lakhs 10% 20% 25%
    Between Rs.30 lakh and Rs.75 lakh 20% 20% 25%
    Above Rs.75 lakh 25% 25% 25%
    • For renovations, repairs, expansion of units etc. a uniform margin of 25% will be applicable.
    • In case of a second house a standard margin of 25% is applicable.

    Repayment

    A maximum loan tenure of 30 years or until the borrower attains the age of 65 years, whichever is earlier, will be given to the borrower. The loan can be serviced on a monthly/quarterly/semi-annually/annual basis depending on the income generation of the individual.

    Security

    An equitable mortgage will need to be provided as security.

    Processing Charges

    A nominal fee of 0.50% of the total loan amount will be charged. This amount will be a minimum of Rs.1,500 and a maximum of Rs.10,000.

    Rate of Interest

    Loan Amount Rate of Interest Interest Applicable
    Up to Rs.75 lakh Women Applicant – One Year MCLR + 0.20% 8.65%
      Other Applicants – One Year MCLR + 0.25% 8.70%
    Above Rs.75 lakh Women Applicant – One Year MCLR + 0.25% 8.70%
      Other Applicants – One Year MCLR + 0.30% 8.75%

    One Year MCLR=8.45%

    Canara Bank Home Loans for NRIs

    Canara Bank has introduced a housing scheme for its Non-resident Indian customers to allow them to access the finances they require to purchase a home in India. This scheme is a customer centric and is easy to understand. The various features and interest rates applicable have been listed below.

    Features

    • Canara Bank Home Loans for NRIs can be availed to construct a house/flat, to purchase a plot for construction or to purchase a house/flat.
    • This loan can be availed for the renovation, undertaking of repairs, upgradation of a house with a ceiling limit of Rs.15 lakh.
    • Canara Bank under this scheme can also take over and existing Home Loan liability of an individual from other banks or Non-Banking Financial Companies (NBFCs) rate ‘A’.

    Eligibility

    • Individual who have a Non-Resident Indian status with a valid Indian Passport and Persons of India Origin (PIO) with valid foreign passports.
    • The applicant should be a minimum of 21 years of age and a maximum of 60 years of age.
    • Joint applicants may include Spouses or close family members who are Indian residents.
    • The applicant should have a consistent flow of income with a minimum of 2 years’ employment abroad and a valid job contract/work permit.
    • The applicant should have the NRI status for at least 3 years.

    Quantum of Finance

    A maximum loan amount of four times the annual gross income of the applicant. The Net Take Home of the applicant should not fall below 40% after the proposed EMI and margin requirements.

    Margin

    Loan Amount New House/Flat Old House/Flat  
        Up to 10 years old Older than 10 years
    Up to Rs.30 lakhs 10% 20% 25%
    Between Rs.30 lakhs and Rs.75 lakhs 20% 20% 25%
    Above Rs.75 lakhs 25% 25% 25%
    • For repairs, renovation, upgradation, etc. a uniform 25% margin will be required.
    • For subsequent houses a uniform 25% margin will be required.

    Processing Fee

    A Processing Fee of 0.10% of the loan amount will be charged, with a minimum amount of Rs.500 and a maximum of Rs.10,000.

    Repayment

    • The loan will be serviced through EMIs.
    • Normal banking channels should be used for remittances from abroad.
    • The applicant can do a transfer of funds through an Non Resident Rupee (NRE) account or a Foreign Currency Non Resident (Bank) [FCNR (B)] account.
    • Local remittance can be made by close family members.
    • The maximum tenure of the loan is 30 years or until the borrower attains the age of 60 years, whichever is earlier.

    Moratorium

    The moratorium period can last between 2 months to 18 months.

    Security

    • The applicant will need to provide an equitable mortgage by depositing the title deeds.
    • A resident Indian that fulfills the bank’s criteria will need to stand as Guarantee.

    Document Execution

    • NRI applicants are permitted to give Power of Attorney persons who are resident Indians as per the specified format and stamped as per law.

    Rate of Interest

    Loan Amount Rate of Interest Interest Applicable
    Up to Rs.75 lakh Women Applicant – One Year MCLR + 0.20% 8.65%
      Other Applicants – One Year MCLR + 0.25% 8.70%
    Above Rs.75 lakh Women Applicant – One Year MCLR + 0.25% 8.70%
      Other Applicants – One Year MCLR + 0.30% 8.75%

    One Year MCLR=8.45%

    Canara Bank Home Loan FAQ:

    1. What are the applicable processing charges?

      The applicable processing fee is 0.50%. The minimum amount chargeable is Rs.1500/- and the cap on the amount charged as processing fee is Rs.10, 000/-.

    2. What is the applicable margin on home loan?

      A margin of 25% is applicable for expansion of existing house, repairs & renovations, upgradation and creation of additional amenities, for constructing/purchasing a second house, etc.

    3. What will be my contribution?
      Amount of Housing Loans New House / Flat Old House / Flat
      Up to Rs. 20.00 Lacs 10%

      Up to 10 years old 20%

      More than 10 years old 25%

      Above Rs. 20.00 Lacs & up to Rs.75.00 Lacs 20%

      Up to 10 years old 20%

      More than 10 years old 25%

      Above Rs. 75.00 Lacs 25%

      Up to 10 years old 25%

      More than 10 years old 25%

    4. What is the maximum repayment period?

      The maximum repayment period is either 30 years or until the borrower reaches the age of 70 years, whichever comes first.

    5. What is the loan quantum offered to individuals?

      The maximum loan offered is four times the gross annual income of the individual, in a financial year, or, four times the average gross annual income earned in the preceding four financial years.

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  • Canara Bank Home Loan Reviews

    • Canara Bank Home Loan
      "Ease of Service"
      0.5 5.0/5 "Blown Away!"
      I availed home loan from Canara bank last year. Actually I approached the bank through builders. For the loan work, overall I went to the bank for two times because the rest of the work was done by the builders so it was very easy to get the loan. The interest rate is 9.95% and I spoke with the bank in order to reduce the interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 09, 2017
    • Canara Bank Home Loan
      "Very poor in service"
      0.5 2.5/5 "Just OK"
      According, to my knowledge CANARA bank is charging different charges in different ways in other words they are collecting more money in various ways. I am not happy with this bank and therefore I had closed the loan. I had taken a loan of 5 lakhs and I was left with 2.95 after 10 years,
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 07, 2017
    • Canara Bank Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I availed housing loan from Canara bank. I am satisfied with the loan I got from the bank and I do have savings account with the same bank for long time. I am more comfortable with canara bank services. There was no issues with them all these years.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jun 06, 2017
    • Canara Bank Home Loan
      "Customer service need some scope of improvement"
      0.5 4.0/5 "Great!"
      Canara Bank needs some improvement on customer service part. At the time of loan process, they have offered best rate but right now they didn't reverse the new interest rate. I have applied the amount of Rs.30 lakhs but they sanctioned it for 28 lakhs its good.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 01, 2017
    • Canara Bank Home Loan
      "Easy process"
      0.5 5.0/5 "Blown Away!"
      I had taken my home loan from Canara bank and the process to get this loan was smooth. The documentation was also a easy process and the loan was disbursed at the right time. The bank had a reasonable rate of interest and processing charges too.
      Was this review helpful? 1
      , guntur
      Reviewed on Jun 01, 2017
    • Canara Bank Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Actually I did not prefer Canara bank in the beginning for my home loan, I went with HDFC bank but due to certain reason I approached Canara Bank where I got a good response and they disbursed my loan within 20 days. The interest rate is 8.7% with zero percentage of processing fees. They sent an executive to collect the documents and everything. They done with the process without any delay.
      Was this review helpful? 1
      , chennai
      Reviewed on Apr 17, 2017
    • Canara Bank Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Recently I had taken a home loan from Canara Bank. Three months over with them. Interest rate quoted by them is 10.50% which is higher than other banks in the market. But documentation part is simple and their customer service is good.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Apr 15, 2017
    • Canara Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My home loan amount was 7.35 lakhs this home loan was taken some time back. Rate of itnerest charged by them was around 8% to 9%. Processing fee was applicable at that time. My EMI amount was around 8k and this was taken for a period of 15 years. Furthermore, I had also foreclosed my loan and even for the foreclosure there were some charges which is applicable.
      Was this review helpful? 1
      , mysore
      Reviewed on Apr 10, 2017
    • Canara Bank Home Loan
      "Good Bank And Good Services"
      0.5 4.5/5 "Excellent!"
      It is good to take home loan from Canara Bank. The process was very quick and simple. It was very easy for me to submit all the documents as they follow simple process on it. I was given with the lowest rate in the market, hence I am very much satisfied with them.
      Was this review helpful? 2
      , bhopal
      Reviewed on Mar 09, 2017
    • Canara Bank Home Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      Extended support was provided by Canara bank on my home loan application, I had request a loan amount of Rs. 20 Lakhs so they recently log with my loan account. They committed an interest rate of 8.7% with a zero processing fee, to conclude I am really happy with their service.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Mar 01, 2017
    • Canara Bank Home Loan
      "Home loan provider"
      0.5 3.0/5 "Satisfactory"
      Initially, CANARA Bank did not disclose list of documents at a later stage they had collected around 10k as the documentation charge for example valuation charge previously they did not inform mortgage cost around 8000 and 3500 as the valuation cost. They are Not clear on their part and they were not sure about the product information too.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 06, 2017
    • Canara Bank Home Loan
      "Not interested in helping the customers"
      0.5 1.5/5 "Bad"
      I have taken a home loan 2 years [email protected]%. Only once they have reduced the interest rate. They are changing [email protected]% for past 1 year. All major banks have reduced the interest to 8.6%. But I don't think Canara Bank is not bothered to reduce the interest rate. If they want to survive in the market they should read the writing on the wall and reduce the rate. Other wise majority of the customers like me will shift to the other bank.
      Was this review helpful? 5
      , bangalore
      Reviewed on Jan 03, 2017
    • Canara Bank Home Loan
      "Excellent services & swift process"
      0.5 5.0/5 "Blown Away!"
      Canara bank was very fast in their services. I had applied for a home loan and they responded very quickly to me. The documentation was also pretty normal and the process was very smooth and swift. The rate of interest was normal and so was the charges.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Dec 02, 2016
    • Canara Bank Home Loan
      "Dream comes true"
      0.5 3.5/5 "Pretty good"
      I made up my mind to approach CANARA Bank for the housing loan,. Interest rate and processing fee charged by them was pretty normal. I had applied for the loan first and the loan was processed on time. I am holding this CANARA BANK housing loan for a period of 7 to 8 years. Infact, I had got a copy of title deeds too.
      Was this review helpful? 3
      , pune
      Reviewed on Oct 18, 2016
    • Canara Bank Home Loan
      "Below expectation"
      0.5 1.0/5 "Really Bad"
      Of course, I had approached CANARA BANK for my housing loan too. As usual they took a lot of time to respond and the approval process is also complicated where I had to wait for 6 to 7 months for the housing loan to get it approved. I had been asked to visit the head office personally carrying all my documents, also the staff there was not sure about the rates as they tend to provide different rates every time when I contact them.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 26, 2016
    • Canara Bank Home Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      The following are the good points about Canara bank, as the bank decided to offer around 10% for the home loan the rate of interest offered by them was very reasonable. The services offered by them was really good. I am much satisfied with the process and with the document collection. The processing charges were reasonable too. Best of all, the process was completed on time.
      Was this review helpful? 1
      , hosur
      Reviewed on Jul 23, 2016
    • Canara Bank Home Loan
      "Happy process"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan from the Canara bank. Overall it was a happy process. I got the loan amount that I required. My loan got credited to my account within 5 days of time. The interest rate was according to the market and the representatives of the bank helped me.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 06, 2016
    • Canara Bank Home Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I have got the home loan with the Canara bank and the interest rate was around 9.5%. The loan amount got disbursed to my account within a week of time, also the customer service is an excellent one. Response is good and the documentation is a nominal process.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Apr 02, 2016
    • Canara Bank Home Loan
      "Nice experience"
      0.5 4.0/5 "Great!"
      The service provided by canara bank was good related to the home loan process.The rate offered was around 11.5% for the loan.I have not faced any drawbacks in the process.They are requiring more documents to process.I will recommend the service to others for getting a loan,
      Was this review helpful? 2
      , ghaziabad
      Reviewed on Mar 29, 2016
    • Canara Bank Home Loan
      "Good "
      0.5 4.0/5 "Great!"
      I have got the housing loan with the Canara bank and the interest rate was around 9.2%, which is the floating based one. The loan amount got disbursed within 1.5 months of time from the day when I applied with the canara bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 18, 2016
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