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What is the Home Loan Processing Fee in Canara Bank?

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0 2024-07-24T20:12:13+00:00
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Hi Hansika, I saw you wanted to know the home loan processing fee in Canara Bank and can offer you my help. The processing fee is 0,50 per cent of the approved loan amount, with the range between Rs. 1,500 plus GST and Rs. 10,000 plus GST. 

What is the Canara Bank Processing Fee for Home Loan?

At present, Canara Bank is celebrating the Retail Loan Festival and waiving 50% processing charges for this month, i.e. from 1st July 2024 to 31st July 2024. 

As far as the processing fee goes, it is the same for all the loans including the agricultural loan, solar loan and kuteer loan. As far as the NRI home loan processing fee is concerned, Ms Farah Ali has shared the details in her answer.

You can take a home loan from Canara Bank for the following purposes:

  1. Purchasing a ready house or flat.

  2. Buying a site and construction of a house on the plot, including the additional loan component towards the furnishing cost (fixed furnishing) according to the eligible loan quantum.

  3. House or flat construction.

  4. Loan for repairs or renovation. 

This is all I have to share regarding the Canara Bank housing loan processing charges. I hope it helps.

Get a Maximum Funding Home Loan Via NoBroker! Some related information:

What are the Documents Required For Home Loan Canara Bank?

  
0 2024-04-30T17:50:07+00:00
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Canara Bank provides up to 30 years of house loan tenure. This is one of the primary reasons I applied for a home loan from Canara Bank. It is one of the most popular options for house loans in the nation, because home loan processing fee in Canara Bank is as low as 0.50% of the loan amount. But there are different kinds of home loans that this bank offers. I will explain about their processing fees too.

What is Canara Bank Home Loan Processing Fee?

  • There is a nominal processing cost of 0.50% (minimum of Rs. 1500/-plus GST and maximum of Rs. 10,000/-plus GST).
  • From April 1 to April 30, 2024, the bank will be celebrating the Retail Loan festival and waiving 50% of the processing fees.
  • Processing fees are free until April 30, 2024, in the event that customers enrolled in the Canara SB Premium Payroll package (Gold, Diamond, and Platinum Variant) take over their HL responsibility from other Banks or FIs.

What are Canara Bank Home Loan Processing Charges for Other Types of Home Loans?

Housing Loan to Agriculturists 0.50% on the loan amount with a minimum of Rs.1500/-+GST and maximum of Rs.10000/-+GST.
Housing cum solar loan 0.50% on the loan amount with a minimum of Rs.1500/-+GST and maximum of Rs.10000/-+GST.
Canara Kuteer 0.50% on the loan amount with a minimum of Rs.1500/-+GST and maximum of Rs.10000/-+GST.
Home Loan for NRI 0.10% on the loan amount with a minimum of Rs.500/-+GST and maximum of Rs.10000/-+GST.
This is Canara Bank processing fee for home loan. I hope it helps you. Get Home Loan at the Lowest Interest Rates With NoBroker Home Loan Service. Read More: How To Apply Home Loan in Canara Bank?

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Farah Ali

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