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CAN SITE
Purpose:
A Loan Scheme to individuals for purchase of Housing sites from State Development/Town
Planning Development authorities, Central and State Governments local authorities either
exclusively or in partnership with private sector entities, or from any other body constituted by Interest Rates
the Government for distribution of sites provided such layouts are duly approved by the 3URGXFW(QTXLU\
concerned statutory authority. Housing loan can be availed whenever required for
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construction of house of the sites purchased.
Tools & Calculators
Eligibility: Locators
Confirmed salaried class individuals and businessmen/professional who are in the business 6HUYLFH&KDUJHV
for a minimum period of 3 years and whose net annual income is Rs.1 lac or above. For 'RZQORDG&HQWHU
employees Net take home salary should be 40% of the gross salary.
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Margin :
Rate of Interest:
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5 Years
Security
Processing Charges:
0.5% of the loan amount subject to a minimum of Rs.500/- and maximum of Rs.10000/-.
Documents / Formalities :
Latest 6 months Salary Certificate/Form No.16 for salaried class and latest
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Canara Bank http://www.canarabank.com/English/scripts/pblCansite.aspx
Allotment letter other any other evidencing purchase/allotment of sites issued by the
development authorities.
Rate of Interest :
CASH WITHDRAWAL IN OTHER BANK ATMs : As per the advice / directions of IBA, five free cash transactions per month
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“Thank you very much! I can use Acrobat Distiller or the Acrobat PDFWriter but I consider your
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2 of 2 30/01/2010 19:53