Home Loans in Kannur

Realize your dream home with competitive interest rates

Key Features

High Loan Amount

Get up to ₹5 Crores with flexible repayment tenure up to 30 years

Low Interest Rates

According to the market trend

Minimal Documentation

Basic KYC, income proof and property documents

Balance Transfer

Switch your existing home loan to save on interest

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Eligibility Criteria

Age

Minimum: 21 years at loan commencement
Maximum: 65 years at loan maturity

Income

Minimum ₹15,000 monthly income (₹35,000 in metro cities)

Employment

Salaried: Minimum 2 years employment
Self-employed: 3 years in current business

Property

Must be residential, construction-complete or under-construction from approved projects

Documents Required

Prepare these documents for quick processing of your home loan application

Identity Proof

  • PAN Card (Mandatory)
  • Aadhaar Card
  • Passport
  • Voter ID

Income Proof

  • Last 3 months salary slips
  • Form 16 or ITR (last 2 years)
  • 6 months bank statements
  • Employment certificate

Property Documents

  • Sale Agreement
  • Approved Building Plan
  • Title Deeds (last 30 years)
  • NOC from Society/Builder

Home Loan Process

Our simple 5-step process makes getting a home loan hassle-free

1

Application

Submit your application with basic details

2

Documentation

Submit required documents

3

Processing

Verification & credit appraisal

4

Approval

Loan sanction & offer letter

5

Disbursement

Amount transferred to builder/seller

Frequently Asked Questions

Common questions about home loans in Kannur

The maximum home loan amount depends on your repayment capacity, property value, and other factors. Generally, we finance up to 75-90% of the property value or up to ₹5 Crores, whichever is lower.

For complete applications with all documents, approval typically takes 3-5 working days. Disbursement for ready properties takes 7-10 days after approval, while under-construction property disbursements happen as per construction stages.

Yes, most of our home loans allow prepayment after 6 months. For floating rate loans, Fixed rate loans may have nominal charges after 3 years.

Fixed rates remain constant throughout the loan tenure, while floating rates change with market conditions. Floating rates are usually lower initially but carry interest rate risk. We can help you choose based on your risk appetite and market outlook.

Kannur Support

Loan Support

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