Canara Bank Loan Against Property

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All about Canara Bank Loan Against Property

Canara Bank Loan Against Property

Eligibility:  Canara Bank Loan Against Property

  1. ‘Professionals’, ‘Businessmen’, ‘Salaried persons’.
  2. Customers who have  satisfactory dealings with the banks.
  3. ‘New customers’ well introduced and credit worthy with satisfactory banker’s / market reports on them.
  4. Quantum: Canara Bank Loan Against Property
  5.  Up to 50% on the property value being offered as security.

Interest Rate: Canara Bank Loan Against Property: BR + 5.75 %

Repayment: ‘Canara Bank Loan Against Property’

Up to 60 months by way of EMI

Security: ‘Canara Bank Loan Against Property’

 ‘Equitable Mortgage‘ of property acceptable to the Bank, which has very clear marketable title.

Guarantee:  ‘Canara Bank Loan Against Property’

  Personal-Guarantee from a person’s. Waiver must be  considered selectively.


 0.5% of “ loan“- amount.

Document(s) / Formalities: ‘Canara Bank Loan Against Property’

  1. ‘Stipulated-Loan Application’ with 2-passport size photographs
  2. Lease-deed’s copy.
  3. Applicant’s  income proof and guarantor.
  4. Assessment Order of Income-Tax / ‘IT-Return(s).
  5. Title-deeds of the property / ‘EC’, latest ‘tax-paid’ receipt /’Legal Scrutiny Report’.
  6. Building’s approved plan.
  7. Balance-Certificate if finance is availed against property.
  8. Annual Financial Statement(s) for the past 2 yrs.

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