Canara Bank
Overview
If you own a valuable asset in the form of a self-occupied house or a commercial property you can go for a loan against property. It is a secured multi-purpose loan with longer tenure and lesser rate of interest than a personal loan.
Loan Feature
| Loan Amount | Upto 50% on the value of the property |
| Interest Rate | 14.25 - 16.25% |
| Tenure | Maximum 5 years |
| Pre Payment Charges | Not mentioned |
| Service Charges | 0.5% of loan amount |
Eligibility Criteria : Loan Against Property
| Salaried | Self | |
|---|---|---|
| Age | Age criteria not provided | Age criteria not provided |
| Income | Income criteria not provided | Income criteria not provided |
| Job Experience | Job experience not provided | Job experience not provided |
| Residence Proof | Residence proof not provided | Residence proof not provided |
Docs Required : Loan Against Property
| Salaried | Self | |
|---|---|---|
| ID Proof | PAN card/voters ID/ passport/driving license | PAN card/voters ID/ passport/driving license |
| Address Proof | Recent telephone bill/electricity bill/property tax receipt/passport/voters ID | Recent telephone bill/electricity bill/property tax receipt/passport/voters ID |
| DOB Proof | 10th class certificate | 10th class certificate |
| Financial Docs |
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Other Charges : Loan Against Property
N/A
Products offered by Canara Bank
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