Canara Bank Home Loan

I want to take home loan from Canara Bank so can you please tell e the eligibility to apply for this loan? Also tell me the interest rate on home loan in this bank?

[Kiran Chandar]

Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established in 1906. The government nationalized the bank in 1969.

Home Loan-

Eligibility:

Individuals engaged in business / professionals and self-employed persons. Such applicants should have been in the business/ profession for a minimum period of 3 years.

Salaried individuals confirmed in the service with a minimum service of 3 years.

The age should not be more than 55 years at the time of availing the loan.

Persons above the age of 55 years are also eligible subject to certain stipulations.

Home Loan Rates of interest -

Upto Rs.100 lakhs-
Base Rate i.e., @ 9.65% (presently)

Above Rs. 100 lakhs -
Base Rate + 0.10% i.e., @ 9.75% (presently)

(Base Rate of the Bank w.e.f. 07.10.2015 – 9.65%)