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By Kaisar
Saturday, March 14, 2009 (03:19:20), EST

Canara Bank Home Loans: Eligibility Criteria

Canara Bank, a leading public sector lender, offers home loans for salaried individuals, professionals, self-employed persons and persons engaged in business. NRIs can also avail Canara Bank home loans without requiring to obtain special permission from RBI. The bank also lends to persons above the age of 55 years provided they fulfil certain criteria.

To avail home loan facility provided by the bank, one needs to furnish details regarding their source of income and also submit documents as required by the bank. The bank provides financial assistance for construction, repairs, purchase, additions or renovations of residential house at a comparatively low rate of interest.



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