Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Loan typeNRI housing loan for ready-built or under-construction homes, construction, site plus construction, repairs/renovation, second homes and eligible takeovers.View source
The official page lists purchase, construction, composite site-plus-construction, repair, second-home and takeover purposes.
- Source
- Home loan for
- Page / section
- Purpose; Benefits
- Accessed
- 30 Aug 2026
- Confidence
- high
Interest rateHousing-loan pricing is risk-profile based. The current all-variant fixed-rate table lists effective rates from 8.50% to 10.75% p.a. across CRG-PRIME and CRG 1–4; the applicable NRI rate depends on the bank's risk assessment.View source
The table publishes housing rates by CRG risk band and states that all housing variants include .
- Source
- Retail lending interest rates linked to fixed rates
- Page / section
- Housing Loan — all variants; note includes
- Accessed
- 30 Aug 2026
- Confidence
- high
BenchmarkThe reviewed NRI page does not state a separate benchmark; the linked retail tables use RLLR/CRG risk pricing and fixed-rate risk bands.View source
Canara's retail rate tables provide the benchmark/risk framework used for housing variants.
- Source
- Retail lending interest rates linked to fixed rates
- Page / section
- Housing Loan — all variants
- Accessed
- 30 Aug 2026
- Confidence
- medium
APRNot published as a separate APR on the reviewed NRI product page or linked rate tables.View source
The reviewed official page and rate tables show interest rates but no disclosure.
- Source
- Home loan for
- Page / section
- Complete page
- Accessed
- 30 Aug 2026
- Confidence
- high
Minimum incomeNo rupee minimum income is published. Loan quantum is normally up to 4× annual gross income, with up to 5× considered case-by-case; a steady income source and at least 2 years overseas employment are required.View source
The page publishes income multiples and employment duration, not a minimum rupee salary.
- Source
- Home loan for
- Page / section
- Loan Quantum; Eligibility
- Accessed
- 30 Aug 2026
- Confidence
- high
Maximum amountNormally up to 4× annual gross income; up to 5× annual gross income may be considered case-by-case. No universal rupee ceiling is published on the NRI page.View source
The loan-quantum section states four times income and a possible five-times case-by-case quantum.
- Source
- Home loan for
- Page / section
- Loan Quantum
- Accessed
- 30 Aug 2026
- Confidence
- high
TenureUp to 30 years or age 60, whichever is earlier; up to age 70 may be considered case-by-case subject to conditions. Repayment starts within 2 months for ready homes, 2 months after completion or 24 months for construction, and 2 months after completion or 36 months for under-construction flats, whichever is earlier.View source
The official repayment sections publish the age limits and three commencement rules.
- Source
- Home loan for
- Page / section
- Repayment; Repayment Holiday
- Accessed
- 30 Aug 2026
- Confidence
- high
Processing fee0.50% of loan amount, minimum ₹1,500 plus GST and maximum ₹10,000 plus GST; a 50% waiver is published for 1 July–30 September 2026.View source
The processing-charge section states the percentage, rupee floor/cap, and dated waiver.
- Source
- Home loan for
- Page / section
- Processing Charges
- Accessed
- 30 Aug 2026
- Confidence
- high
Prepayment / foreclosureNo prepayment penalty for floating-rate housing loans, including takeover by another bank or housing finance institution.View source
The official page says no penalty is charged for floating-rate housing-loan prepayment or takeover.
- Source
- Home loan for
- Page / section
- Prepayment
- Accessed
- 30 Aug 2026
- Confidence
- high
Benefits and features
- Purchase ready-built house/flat or construct on a site
- Composite loan can include a site up to 60% of sanctioned amount
- Repairs or renovation up to ₹15 lakh after three years of repayment
- Second-house finance and eligible home-loan takeovers
- Loan quantum normally up to 4× annual gross income; 5× case-by-case
- Up to 30-year repayment, with age-70 consideration case-by-case
- No floating-rate prepayment penalty
- 50% processing-charge waiver published for 1 July–30 September 2026
Eligibility
- must hold a valid Indian passport; may hold a foreign passport. Entry age is 21 and maximum age 60. Applicant needs status for 3 years, steady income, and at least 2 years overseas employment with a valid contract/
work permit. Resident spouse or close relative may join as joint applicant; property must be non-agricultural with valid housing-use documents.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Application, photographs, , identity, residence and age proof
- Salaried: six-month salary-account statement and confirmed-service evidence, including Form 16/
or employment documents - Self-employed: three years balance sheet, profit and loss, /
ITAO, bank statement, business note and business proof - : first four passport pages and visa/IC/ card, valid work permit, embassy/consulate/employer-attested salary certificate, overseas bank statement and notarised power of attorney where used
- Property title and link documents for 13 years, encumbrance, khata, tax receipts, approved plan, completion/
occupancy certificate and purpose-specific sale/ builder documents
Related official documents
Canara fixed retail lending ratesofficial-rate-table · current · accessed 30 Aug 2026
↗Retail lending interest rates linked to fixed ratesofficial-rate-table · current · accessed 30 Aug 2026
↗Home loan for NRIsofficial-product-page · current · accessed 30 Aug 2026
↗Canara retail lending rates linked to RLLR and fixed ratesofficial-rate-table · current · accessed 30 Aug 2026
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