Canara Home Loan Secure

All Canara home loan borrowers are eligible to opt for life insurance cover.
This option will be available to existing housing loan borrowers as well as to the new borrowers.

Purpose	For funding the one-time insurance premium payable to M/s Canara HSBC Life Insurance Company Limited for availing their Group secure life insurance term plan to cover risk under life and Total Permanent Disability for existing as well as new home loan borrowers.
Quantum	Equivalent to the one time premium of life insurance to cover under Group secure plan of CHOICE.
Processing charges	Nil
Repayment Tenure	i. For New Housing Loans – (Min. & Max.) Minimum loan tenor of the Canara Home Loan secure is 2 years. The maximum tenor of the Canara Home Loan Secure is 15 years or tenor of the HL whichever is less. ii. Existing HL accounts – Tenor of the Canara Home Loan secure is 15 years or residual tenor of the HL whichever is less
Security	A general lien over the title deed of the mortgaged property.

Stipulated Loan Application with 2 passport size photos of applicant /Co-applicants/ guarantor.
KYC documents of applicant /Co-applicants/ guarantor.
Proof of Identity
PAN CARD/Driver’s License/Voter ID /Passport/ Aadhar Card etc.
Proof of Residence
Driver’s License/Voter Id/Passport / Aadhar Card / Electricity Bill/Telephone Bill etc., /Business Proof related GST and others.
- Age proof of the applicant/ Co-applicants.
- PAN card (photo copy)
Salaried individuals
- Latest 6 months salary slips (including co-applicants) and latest original salary certificate with details of deduction.
- Bank statement of salary account for past 6 months.
- Proof of confirmed service of 3 years: -
  Form No.16 & ITR if any supported by Employee ID/Appointment Letter/ Confirmation in services evidencing duration of the employment/3 years IT Returns
Business/Self-Employed individuals
- Balance Sheet and Profit & Loss account for past three assessment years.
- ITR/ITAO filed for past three assessment years.
- In case of agricultural income is also included in ITR, Copy of lands records.
- Statement of Bank Account.
- Brief note on the nature of business.
- Proof of Business

Canara Insta MF Loan