Canara Bank Housing Loan to Agriculturists
Home ownership is now achievable for farmers and agriculturists with Canara Bank Housing Loan to Agriculturists. Tailor-made for the farming fraternity, this loan comes with low interest rates, easy repayment periods of up to 30 years, and high amounts under income and landholding. You can purchase, construct, rehabilitate, or equip your dream home with Canara Bank's support and minimal processing charges along with special offers. With NoBroker, the whole application process is online, convenient, and backed by professional assistance—no branch visits are required.
Canara Bank Housing Loan to Agriculturists: Affordable Housing Finance for the Farming Community
Homeownership shouldn’t be a dream limited by profession. With Canara Bank Housing Loan to Agriculturists, eligible farmers and agriculturists can now own a home with unmatched flexibility, competitive interest rates, and minimal charges.
Did You Know?
Over 65% of India’s population is directly or indirectly engaged in agriculture, yet a major portion remains underserved in formal housing finance. Canara Bank bridges this gap by offering housing loans tailor-made for agriculturists.
At NoBroker, we help you secure your Canara Bank Housing Loan to Agriculturists in a simple, paperless, and transparent process. You don’t have to visit the bank—we take care of everything from eligibility checks to final disputes.
Overview of Canara Bank Housing Loan to Agriculturists
| Feature | Details |
| Loan Purpose | Purchase/Construction of house or flat, plot + construction, renovation, 2nd house, furnishings |
| Loan Amount | No upper limit (based on income & eligibility) |
| Interest Rate | Lower interest rate on reducing balance |
| Repayment Tenure | Up to 30 years or till the borrower reaches 75 years of age |
| Processing Fee | 0.50% of the loan amount (Min Rs.1,500, Max Rs.10,000 + GST) |
| Special Offer | 50% processing fee waiver from 01.04.2025 to 30.06.2025 |
| Eligible Borrowers | Agriculturists, Horticulturists, Dairy farmers, etc., owning 5+ acres irrigated or 10+ acres dry land |
| Minimum Income | ₹5 lakh gross annual income |
| Insurance Option | Life cover via Canara Home Loan Secure |
| Furnishing Loan | Up to 15% of total loan or ₹50 lakh (whichever is lower) |
Key Features of Canara Bank Housing Loan to Agriculturists
1. Multiple Loan Purposes Covered
Whether it’s buying a flat, constructing a house, purchasing land plus construction, or even renovating an old property, this scheme covers it all.
2. Loan for Furnishings and Second Property
Need a second home or interior upgrades? Canara Bank offers:
- Loans for fixed furnishing (up to 15% or ₹50 lakh)
- Funding for acquiring a second house even if one already exists
3. Flexible Repayment Tenure
You can repay the loan in up to 30 years or until you turn 75 years old, giving you ample flexibility to manage your finances.
4. Minimal Processing Charges
- Standard processing fee: 0.50% (₹1,500 to ₹10,000 + GST)
- Special Offer: 50% waiver during Canara Retail Loan Festival (April 1 to June 30, 2025)
5. Loan Quantum and Eligibility
- No upper limit on Canara Bank Housing Loan to an Agriculturist’s amount
- Based on income and landholding:
- Salaried: Up to 72x or 96x gross monthly salary
- Others: Up to 6x or 8x annual income
- Repairs & Renovation: Up to ₹15 lakh
Eligibility Criteria for Canara Bank Housing Loan to Agriculturists
To avail of the Canara Bank Housing Loan to Agriculturists, you must:
- Be an agriculturist, planter, dairy, or allied farmer
- Own and cultivate at least:
- 5 acres of irrigated land, or
- 10 acres of dry land
- Be an existing Canara Bank customer with satisfactory dealings for at least 2 years.
- Have a minimum gross annual income of ₹5 lakh.
What Can the Canara Bank Housing Loan to Agriculturists Be Used For?
- Purchase of ready-built house/flat
- Construction of a new house or flat
- Purchase of plot + construction
- Expansion or upgrading an existing property
- Home repairs or renovations (up to ₹15 lakh)
- Acquisition of a second house or flat
- Loan takeover from other financial institutions
Margin Requirements for Canara Bank Housing Loan to Agriculturists
| Loan Amount | New/Old House/Flat ≤ 10 yrs | Old House/Flat > 10 yrs |
| Up to ₹30 lakh | 10% | 25% |
| ₹30-75 lakh | 20% | 25% |
| Above ₹75 lakh | 25% | 25% |
Documents Required
For Identity and Residence:
- PAN, Aadhaar, Voter ID, Passport, Driver’s License
- Utility bills, rent agreements, or any official residence proof
For Income Proof:
- Income Certificate issued by Tehsildar/Revenue Authorities
- Bank statements, land ownership proof
- IT Returns (if applicable)
For Property:
- Title deeds (13-year history), Encumbrance Certificate
- Sanction plan, property tax receipts
- Sale agreement, occupancy/completion certificate
- Builder NOC (if applicable)
Loan Repayment and Prepayment Options for Canara Bank Housing Loan to Agriculturists
- Repayment can be done via EMIs over 30 years.
- Prepayment without penalty.
- Part payment is permitted after lock-in (if any)
Why Use NoBroker for Your Canara Bank Housing Loan to Agriculturists?
- No branch visits—100% digital processing
- Personalized expert assistance during the application
- Quicker disbursal of loans through our direct tie-ups with Canara Bank
- Full transparency—no extra charges
- Compare interest rates from various banks in one go.
Conclusion
Canara Bank Housing Loan to Agriculturists fills the rural housing-finance gap. With the advantages of long tenures, low interest rates, and versatile loan purposes covering construction, renovation, and furnishing, the loan is specially tailored to meet the distinct needs of the farming community. Assisted by NoBroker’s easy digital application, agriculturists can quickly achieve their dream home with minimal paperwork and rapid disbursal. Make the most of the special promotions running now and begin your path to homeownership today!
