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Canara Bank - CanMortgage
General
Institution name:

Canara Bank Loan
Product Name: CanMortgage
Purpose: Resident
   
Loan Details
Loan Type:

Loan Against Property
Amount Requested: Rs.100,000
Loan Term: 36 months
EMI: Rs.3,406
Total Interest: Rs.22,603
Total to Repay: Rs.122,603

Loan Payment Schedule
   
Interest Rates
Interest Rate:

13.75% Floating

   
Eligibility
Eligibility Notes: Quantum of Loan

Up to 50% of the value of the property offered as security as per the valuation report of the banks valuer

   
Other Loan Features
Loan Amount:

Rs.1,000 to Rs.1,000,000
Duration: 1 to 60 months
Security: Equitable Mortgage of property acceptable to the Bank having clear title

Personal Guarantee from person of adequate net worth acceptable to the Bank

Waivers considered selectively

General: Loan Purpose

For meeting needs other than speculative purpose

   
Fees
Processing Fees:

0.5%

   

 
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