Canara Bank Home Loan

Now after SBI, PNB & IDBI Canara Bank also reduced the rate of interest on home loan and giving a better opportunity to home loan borrower to buy a house at an affordable price.

Canara bank has taken one step further than SBI, SBI Bank charge 8% rate of interest for first year and would change the interest rate from second year.

Canara Bank is now offering a fixed rate of 8.25% for the first year, and a Fixed rate of 9.25% from the second to fifth year. Not only this but from the sixth to the twentieth year this Fixed Rate would be 200 basis points below the prevailing PLR Rate prevailing at that time.

This new scheme is also available for existing home loan customers who are looking to switch over their home loan to Canara bank. Canara Bank has also waived off the processing fees for the home loan borrower.

Specific Home Loan providers- SBI Home Loans | HDFC Home Loans | Dewan Housing Finance Litd | Axis Bank Home Loans | HSBC Home Loans | ING Vysya Home Loans | Canara Bank Home Loans | Citifinancial Home Loan Schemes

Other Useful Articles- Different Types of Home Loans | Choosing Home Loan tenure | Negotiating tips for Home Loans