The Canara Mortgage Loan is available to customers with satisfactory dealings at the bank or well-introduced new customers who are credit worthy. Loans of up to 50% of the property value can be borrowed for up to 60 months via EMIs, with the property serving as equitable mortgage security. Personal guarantees from individuals of adequate net worth may also be required but are sometimes waived. Processing charges are 0.5% of the loan amount and applicants must provide documents including application forms, property documents, income proofs, tax documents, and financial statements if needed.

1. Canara Mortgage Loan
Eligibility:
. Customers having satisfactory dealings with our bank
. New customers well introduced and credit worthy with satisfactory banker's /
market reports on them.
Quantum :
. Upto 50% on the value of the property offered as security as per the valuation
report of the bank's panelvaluer.
Rate of Interest: Please visit our interest rate page for the current rates
Repayment :
. Upto 60 months by way of EMI
Security:
. Equitable Mortgage of property acceptable to the Bank having clear marketable
title.
Guarantee:
. Personal Guarantee from person / s of adequate net worth acceptable to the
Bank. Waiver considered
selectively.
Processing Charges:
. 0.5% of loan amount
Documents / Formalities :
. Stipulated Loan Application with passport size photographs - 2 copies each
. Copy of lease deed
. Income proof of the applicant and guarantor
. Income Tax Assessment Order / IT Returns
. Title deeds of the property / EC, latest tax paid receipt / Legal Scrutiny
Report
. Approved plan of building
. Certificate of balance if finance is availed against property from any other
source
. Annual Financial Statements for the past 2 years (in case of persons other
than salaried individuals