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Canara Site Loan

Finance for purchase of approved residential sites from government or statutory development authorities, with 75% cost/value cap and up to 10-year repayment.

Interest rateOfficial Canara rate table: RLLR 8.00% plus CRG spread of 1.05%–2.10%, producing effective rates of 9.05%–10.10% by risk grade.Maximum amountLower of three years' gross annual salary/income or 75% of site cost/guideline value; a 25% margin is maintained on project cost.TenureUp to 10 years, the allotment agency's construction period, or until age 65 at closure, whichever is earlier.
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Quick eligibility check

Canara Site Loan

0 of 5 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: No fixed rupee minimum is published?

Published source: Minimum income

2Does your annual income meet this requirement: quantum uses three years' gross annual salary/income and the page requires salaried net take-home of 40% or adequate non-salaried income for instalments?

Published source: Minimum income

3Do you meet this requirement: Site must be from an eligible authority or approved layout where registration is possible?

4Are you this type of customer: Salaried applicants maintain 40% net take-home?

5Does your annual income meet this requirement: non-salaried applicants need net annual income adequate for instalments?

0 of 5 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byCanara Bank

India; approved residential sites

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 typeResidential-site purchase loan for sites from government/statutory authorities, approved development layouts or RERA-approved projects; qualifying takeovers are allowed.View source
The official page lists eligible authorities, layouts and takeover purpose.
Source
Canara Site Loan
Page / section
Purpose
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest rateOfficial Canara rate table: RLLR 8.00% plus CRG spread of 1.05%–2.10%, producing effective rates of 9.05%–10.10% by risk grade.View source
The Canara Site rows show 8.00%, CRG spreads and effective rates.
Source
Retail lending schemes linked to
Page / section
Canara Site
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
BenchmarkRepo Linked Lending Rate (RLLR), 8.00% in the reviewed table.View source
The table states the benchmark and Canara Site spreads.
Source
Retail lending schemes linked to
Page / section
; Canara Site
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
APRNot published as a separate APR.View source
No is displayed.
Source
Canara Site Loan
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo fixed rupee minimum is published; quantum uses three years' gross annual salary/income and the page requires salaried net take-home of 40% or adequate non-salaried income for instalments.View source
Canara publishes income multiple and take-home tests, not a minimum salary amount.
Source
Canara Site Loan
Page / section
Loan Quantum; Net Take Home
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum amountLower of three years' gross annual salary/income or 75% of site cost/guideline value; a 25% margin is maintained on project cost.View source
The official quantum and margin rows publish the 75% cap and 25% margin.
Source
Canara Site Loan
Page / section
Loan Quantum; Margin
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenureUp to 10 years, the allotment agency's construction period, or until age 65 at closure, whichever is earlier.View source
Canara publishes the 10-year, allotment-period and age-65 limits.
Source
Canara Site Loan
Page / section
Repayment tenure
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing fee0.50% of loan amount, minimum ₹1,500 and maximum ₹10,000. Documentation: ₹100 per lakh, minimum ₹1,000 and maximum ₹25,000.View source
The official page publishes processing and documentation charges.
Source
Canara Site Loan
Page / section
Processing; Documentation charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo prepayment penalty.View source
No prepayment penalty is listed as a benefit.
Source
Canara Site Loan
Page / section
Benefits
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Purchase from government/statutory authorities or approved layouts
  • Takeover of qualifying site loans
  • Up to 75% of site cost/guideline value or three-year gross income, whichever is lower
  • 25% margin
  • No prepayment penalty
  • Reducing-balance interest

Eligibility

  • Site must be from an eligible authority or approved layout where registration is possible. Salaried applicants maintain 40% net take-home; non-salaried applicants need net annual income adequate for instalments.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Application, photographs, , identity and residence proof
  • Allotment letter, approved layout/ and site title documents
  • Income proof and salary/bank statements
  • Takeover sanction and outstanding statement where applicable

Related official documents

Canara retail loan rate ranges and RLLR tableofficial-rate-table · current · accessed 30 Aug 2026
↗
Canara Site Loanofficial-product-page · current · accessed 30 Aug 2026
↗

Plan before applying

Try the numbers

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Canara Jeevan · Purpose / eligibilityResident owner over 60; self-occupied, unencumbered home

This value is copied from Canara Jeevan, Rent, Site and Swarna Overdraft terms. Check the table notes before relying on it.

Source: Canara mortgage, site and gold loan pages/rate tables · Quantum; Interest; Eligibility; Repayment; Processing; Security Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 4 rows · 4 columnsCanara Jeevan, Rent, Site and Swarna Overdraft termsPublished limits, rates, eligibility, security, fees and repayment terms from official Canara pages and rate tables.View tableHide table

Scroll sideways to view every column

Canara Jeevan, Rent, Site and Swarna Overdraft terms
ProductPurpose / eligibilityAmount / rateTenure / charges
Canara JeevanResident owner over 60; self-occupied, unencumbered homeHouse ₹5–₹50 lakh; flat ₹5–₹25 lakh; 9.60% effective in tableUp to 15 years/life event; 0.25% max ₹10,000; no prepayment penalty
Canara RentEligible lessor with institutional/reputed tenant75% of net unexpired rent, max ₹7.50 crore; range 9.25%–9.80%Up to 120 months/lease; 1% min ₹5,000 plus inspection/documentation
Canara Site LoanApproved government/statutory residential siteLower of 3-year gross income or 75% site cost; effective 9.05%–10.10%Up to 10 years/age 65; 0.50% ₹1,500–₹10,000
Swarna OverdraftResident/; gold jewellery or coins up to 50g pledged₹5,000–₹50 lakh; + 0.95%12-month revolving; 0.30% ₹250–₹3,000; no prepayment penalty
Canara mortgage, site and gold loan pages/rate tables · Quantum; Interest; Eligibility; Repayment; Processing; Security · accessed 30 Aug 2026Open official source ↗

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