Canara Bank Home Loan

Canara bank is one of the largest government-owned banks in India. It was established back in the year 1906 in Mangalore. The founder of this bank is Mr. Subba Rao Pai. The bank has its headquarter in Bengaluru and currently, it is operating through its more than 6600 branches across India. The bank also has its active presence abroad. It has its branches in countries like London, Hong Kong, Moscow, Shanghai, Bahrain, Doha, South Africa, Dubai, Tanzania, and New York.

Achievements

Apart from providing the best quality services equally to its customers in urban as well as rural locations, this bank has some other achievements as well. The bank initiated the solar loan projects in partnership with UNEP. The Unified Payment Interface system of Canara bank with the name ’empower’ was launched with the motive of empowering the bank as well as its customers.

Benefits of Canara Bank home loan

  • The loan amount can go beyond 75 lakhs, depending on your eligibility.
  • Competitive rate of interest available
  • Quick and simple loan procedure
  • Home loan is available for:
    • Construction of the house
    • Purchase of house/flat
    • Home extension
    • Home improvement
  • Loan tenure up to 30 years

Unique proposition

The bank allows the home loan applicant of 60 years of age to borrow on certain term and conditions.