For NRI's and High net worth individuals who are customers of Canara Bank, can now apply for a housing loan which are two new schemes of the bank. The managing director and Chairman R K Dubay launched these new schemes in the Nation's Capital, Delhi. These schemes were launched considering the grown number of demand and enquiring coming from these two categories, especially now when the market is good and this is the best time for investing in properties.
For HNI customers whose gross income annually is Rs. 25 lakhs and above can now apply for a loan amount of minimum Rs. 1 crore. For NRI's it would be four times more than the gross annual income of the HNI customers. The Bank will also offer these customers a housing loan interest rate that is low as well as a vehicle loan. Until October 31, the charges for processing have been waived.