Canara Bank Loan Application – Retail Lending (other than loans related to mortgage of property) from Download

This is the official Canara Bank Loan Application Form for Retail Lending (NF 965), designed for credit facilities that do not require property mortgage as security (NF 965 – A… p. 1).

This universal application can be used to request the following specific bank loans (NF 965 – A… p. 1):

• Canara Vehicle: For brand-new or pre-owned cars, jeeps, and two-wheelers (NF 965 – A… pp. 1, 9).
• Canara Budget: Available as a Term Loan (TL) or Overdraft (OD) facility (NF 965 – A… p. 1).
• Canara Pension: Tailored financing for retired individuals (NF 965 – A… p. 1).
• Teachers Loan: Specialized credit facility for educators (NF 965 – A… p. 1).
• Canara Solar: Targeted financing for solar equipment (NF 965 – A… p. 1).
• Canara Home Loan Secure: Integrated retail credit insurance product (NF 965 – A… p. 1).

• Personal Profile: Captures full name, category (SC/ST/OBC/Others), residential status, and existing Canara Bank account histories (NF 965 – A… pp. 1-2).
• Co-Applicant/Guarantor Space: Dedicated layout to map financial and personal profiles of a joint borrower if needed (NF 965 – A… pp. 1, 5).
• Income & Employment Profiling: Fields to clarify if salaried, self-employed, or professional, capturing gross and net monthly/annual earnings (NF 965 – A… p. 3).
• Asset & Liability Balance Sheet: Detailed grid to report current immovable properties, existing active bank loans, and overdue amounts (NF 965 – A… p. 4).
• Specific Loan Parameters: Sections matching the selected product, like automobile engineer evaluation fields for pre-owned car purchases (NF 965 – A… pp. 9-10).

• For Salaried Applicants: Salary slips for the last 6 months, original salary certificate detailing standard deductions, 6-month bank statement, and Form 16 (NF 965 – A… pp. 10, 13).
• For Business/Self-Employed Class: Balance sheets and Profit & Loss accounts for the last 3 years, income tax returns (ITR) filed for the past 3 years, and active local government business licenses (NF 965 – A… p. 13).
• Common Essentials: 2 passport photos, PAN card copy, age proof, and a registered irrevocable salary deduction mandate (NF 965 – A… pp. 10, 13).

• Processing Fees:
  • 4-Wheeler Vehicle Loan / Canara Budget: 0.25% to 0.50% of the loan amount (Minimum ₹1,000 to Maximum ₹5,000) (NF 965 – A… p. 14).
  • 2-Wheeler Vehicle / Teachers Loan: 0.25% to 1% of the loan amount (NF 965 – A… p. 14).
  • Canara Pension: Strictly waived (NIL charges) (NF 965 – A… p. 14).
  • Note: Applicable GST is charged additionally on all processing milestones (NF 965 – A… p. 14).
• Margin Caps:
  • New 4-Wheelers: 10% margin for loans up to ₹10 Lakhs, and up to 20% for loans above ₹25 Lakhs (NF 965 – A… p. 13).
  • Pre-Owned Vehicles: Loan quantum is strictly capped at 60% of the engineer-appraised valuation or a maximum of ₹15 Lakhs, whichever is lower (NF 965 – A… p. 14).
• Turnaround Time Rules: Standard branch-level sanction target is 7 working days for Canara Vehicle, Budget, and Teacher loans (NF 965 – A… p. 16). Sanctioned limits stand automatically cancelled if not availed within 6 months from approval (NF 965 – A… p. 12).

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