Canara Bank: Estate Purchase Loans

Canara Bank: Estate Purchase Loans Canara Bank Base Rate : 10.20% with effect from 01/01/2014 Particulars ROI Estate Purchase Loans BR+6 % For Term loans more than Rs.50,000-and repayable > 5 years, term premium of 0.50% is applicable. (Base Rate : 10.20% with effect from 01/0…

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Real Estate Loan : What is NPA - Non Performing Asset?

According to Indian banks prudential norms, if a real estate project fails to become operational in 2 years after the proposed deadline (As scheduled while sanctioning real estate loan), banks have to classify the project as NPA (non performing asset). But, real estate devel…

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