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Canara Bank offers dream home in just 48 hours
Kolkata, 7th February, 2024:
Canara Bank holds the Home Loan Expo 2024 in Kolkata today. More than 60 leading housing projects of the city showcased in the expo. More of all these bank-approved projects loan disbursement can be processed within 48 hours. Canara Bank’s Housing loan is considered one of the safest loans as the default rate is minimal. Canara Bank offers a Housing Loan Rate of Interest starting from 8.40% and a vehicle loan ROI starting from 8.70%.
While addressing the media persons on the sideline of Home Loan Expo 2024, Shri Bhavendra Kumar, Executive Director, Canara Bank emphasized that the home loan bouquet offered by the bank is the most competitive and fastest too. He explains that within pre-approved more than 60 housing projects in and around Kolkata the loan can be processed only by 48 hours. So, to make this process more familiar to the consumers Canara Bank brought more than 60 housing options under one roof. To help people get their dream home, the Canara Bank Home Loan Expo 2024 has brought together the city’s top builders to present their residential masterpieces in preferred locations. The Canara Bank will ensure that the home-buying process is financially secure by providing a number of financing options. More of all Canara Bank is also offering the lowest TAT and attractive RoI with a 50% waiver for processing charges.
Kolkata being a metropolis, has ample prospective in the housing loan segment. Further, other regions viz the western part, and northern part of the state have proved they are not lagging behind. Industrial hub, Durgapur and gateway to North East, Siliguri, neighbouring parts of Kolkata – The 24 Parganas have taken a significant share in the real estate market which in turn is leaving the market open for all the financial players to tap in and get their shares in housing loan segment.
Canara Bank is spread across West Bengal with 406 branches, with various housing loan schemes/facilities to cater to all segments of customers that too at very competitive ROI, with substantial discounts on processing charges too. Canara Bank Housing Loan offers facilitates for every household LIG /MIG/ HIG at competitive rates. So, the dream home is only 48 hours away from the aspirants.
Canara Bank, one of the leading PSU banks in the country has organized a Home Loan Expo at South City Mall on the 7th of February, 2024. The expo which was hosted by Canara Bank’s Circle Office in Kolkata, was attended by all renowned builders of the city who had set up their stalls in the Expo. The event was presided by the Executive Director of Canara Bank Shri Bhavendra Kumar in the presence of Canara Bank’s General Manager of Kolkata Circle Shri Kalyan Mukherjee and Deputy General Managers Shri Harsh Bajaj, Shri Rajnish Kumar, Shri Ram Babu Mishra, and the city’s Regional Head Shri Sandeep.
The event had witnessed 2000 plus numbers of visitors who had come to seek information on the properties put up for sale by the various developers in the city of Kolkata and the surrounding areas. The Expo was given widespread publicity in print and electronic media and gained the attention of the visitors to the mall.
Canara Bank has a good presence in the state of West Bengal. The bank is operating out of 400+ Branches for providing retail loans. The bank also has 7 Retail Asset Hubs and 7 Regional Offices which are dedicated to providing quick retail loans to our customers. The idea of doing this expo is to bring in all the stakeholders under one roof, i.e., builders, customers, and banks.
In today’s event, the bank has generated more than 500 leads amounting to Rs 110 crores. Canara Bank’s top executives have paid personal visits to each of the stalls and discussed further expansion of the bank’s tie-up with the builders.
The Expo provided a platform to bring awareness among prospective customers regarding the attractive Rate of Interest offered by Canara Bank for Home Loans and Car Loans and quick sanctions with minimum TAT. RoI for Home Loans starts from 8.40% p.a. while for Auto Loans, the RoI starts at 8.70% p.a. Also, there is a 50% concession in processing charges till 29th February, 2024 for all home loan and car loan customers.
Additionally, the expo also displayed the properties in possession of the bank under the SARFAESI Act, in which more than 100 walk-in customers enquired about displayed properties. The bank expects a handsome recovery from the sale of these properties through upcoming e-auctions in the coming days.
