Affordable Housing Loans with Canara Kuteer Scheme

• Lower Rate of Interest.
• Reducing Balance Interest Rate.
• No Prepayment penalty.
• Avail loan for construction of house on already owned site/plot.
• Minimal processing charges.

• For acquiring a residential site and constructing a house thereon.
• Acquisition and purchase of new or old dwelling units.
• Construction of house on already owned Site / plot.

Margin Details

*All other terms and conditions shall apply.

• Individual house hold Income in Rural, Urban, Metro areas and members of Self-Help Groups i. Up to 1,00,000/- p.a. ii. Above 1,00,000/- & up to 3,00,000/- p.a

• Stipulated Loan Application with 2 passport size photos of applicant / Co-applicants or guarantor.
• KYC documents of applicant/ Co-applicants or 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
  • 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.
• NRI applicants
  • Proof of identity Copy of first 4 pages of passport and page with visa stamp, or IC/PIO card.
  • Valid work permit.
  • Copy of salary certificate duly attested by Indian Embassy/ Consulate/ Employer.
  • Account statement/ passbook of overseas bank showing salary and savings.
  • Notarized Power of Attorney, if applicant proposes to authorize a third party to execute the documents/ complete the mortgage formalities/ avail the loan instalments.
• Documents required based on the loan purpose:

  For Construction of House	For purchase of Ready-Built House	For purchase of Flats
  Title deeds of the property and link documents for the last 13 years.	Title deeds of the property and link documents for the last 13 years.	Title Deeds of Builder for last 13 years.
  Encumbrance Certificate for past 13 years.	Encumbrance Certificate for past 13 years.	Encumbrance Certificate for past 13 years.
  Khata Certificate/ Khata Extract	Khata Certificate/ Khata Extract.	Khata Certificate/ Khata Extract.
  Upto date tax paid receipts of the property.	Upto date tax paid receipts of the property.	Upto date tax paid receipts of the property.
  Copy of the approved plan for the proposed construction / extension / addition.	Copy of the approved plan	Sketch of Flat
  An affidavit-cum-undertaking that applicant shall not violate the sanctioned plan, construction shall be strictly as per the sanctioned plan.	An affidavit-cum-undertaking from the applicant declaring that the built up property has been constructed as per the sanctioned plan and/or building bye-laws	Sanctioned Plan & License from competent authority.
  Completion Certificate (within 3 months of completion of construction).	Completion Certificate.	Copy of Occupancy Certificate by Local Authority.
  Allotment letter of Co-operative Society/Housing Board (wherever applicable)	Agreement of sale of property.	Agreement of Sale with Applicant.
  In case of allotment of a plot by the Society, documents to be submitted are as follows Extract of the Resolution Bye laws of the Society Payment receipts(original) Share Certificate(original) Title Certificate Property Register card extract Building Commencement Certificate.		Original Registration Receipts Original Stamp Duty Receipts (if any) Original receipts issued by the Builder to the Purchaser of the flat Certified copy of the Building commencement certificate Builder’s Demand Notice Property Register card extract
  NOC from Society/Association/Builder/Housing Board (Wherever applicable).		NOC from Banker of Builder (wherever Project finance has been availed by the builder)
  Copy of Lease Deed (wherever applicable)	Copy of Lease Deed (wherever applicable)	Original Sale Deed executed by builder in favour of purchaser
  	KYC documents of seller of property.

• Additional Documents in case of Takeover from Other Bank/ FI
  • NOC from existing Banker regarding pre-closure.
  • List of original documents held by Transferor Bank along with their attest copy.
  • Copy of Sanction Letter.
  • Statement of Loan Account from date of sanction.
• Any other documents as required by Bank.