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Canara Bank Unveils Home Loan At An Attractive Interest of 6.65%
Canara Bank has revealed an incredible housing loan offering for anyone seeking a low-interest house loan. The bank has announced that it would provide housing loans with low-interest rates commencing at 6.65% with no processing or documentation fees. On 2nd December 2021, the bank has made the announcement and said via its Twitter handle that "With NIL Processing and Documentation charges, avail Canara Housing Loan at an attractive rate of interest @6.65%* p.a."
This deal is for a limited period of time and irrespective of the loan amount the interest rate of 6.65% will be applicable on Canara Housing Loan. Customers can also seek a housing loan from the bank digitally by scanning a QR code and the option is named 'scan and apply' , 'get instant approval' by the bank. Customers will be able to get prompt approval of loans using this online option, according to the bank. This QR code option is also accessible for car loans, education loans, gold loans, and personal loans.
With NIL Processing and Documentation charges, avail Canara Housing Loan at an attractive rate of interest @6.65%* p.a.
— Canara Bank (@canarabank) December 2, 2021
*T&Cs Apply
Apply online: https://t.co/lkgL9EXmFb#CanaraHousingLoan pic.twitter.com/mdVpEzYJw5
Canara Bank Home Loan Interest Rates
| Housing Loan | CIC - RISK GRADE | RLLR | Women Borrowers | Other Borrowers | ||
|---|---|---|---|---|---|---|
| CREDIT RISK PREMIUM OVER RLLR | EFFECTIVE ROI UNDER RLLR | CREDIT RISK PREMIUM OVER RLLR | EFFECTIVE ROI UNDER RLLR | |||
| Purchase/ Construction/ Extension/Repair or renovation of house. | CS: 1 | 6.9 | 0 | 6.9 | 0.05 | 6.95 |
| CS: 2 | 6.9 | 0.05 | 6.95 | 0.1 | 7 | |
| CS: 3 | 6.9 | 0.45 | 7.35 | 0.5 | 7.4 | |
| CS: 4 | 6.9 | 1.95 | 8.85 | 2 | 8.9 | |
| Source: Bank Website |
Individuals who are interested to apply for this deal can visit https://canarabankcsis.in/retail/Main.aspx or can call on 1800 425 0018, 1800 103 0018 for more information.
