Canara Bank Home Loan: Rates, Eligibility & Fees 2026
Canara Bank offers home loans to buy, build or renovate a home. Butter Money compares Canara Bank's offer with similar lenders for your profile and handles the paperwork with you until disbursal.
Interest Rate
7.20%
p.a. onwards
Processing Fee
₹10,000
+ GST
Max Tenure
30 Years
Max LTV
Up to 75%
Rates updated 29 Jun 2026 from Butter's lender rate data · Canara Bank's official rates
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What stands out with Canara Bank
- 0.05% lower rate when a woman is the primary applicant
- Repayment holiday (moratorium) available on under-construction homes
- Tenure up to 30 years
Canara Bank home loan at a glance
| Lender type | Public sector bank |
| Starting rate | 7.20% p.a. onwards |
| Products | Home loan, Plot, Construction, Balance transfer |
| Funding (LTV) | Up to 75% of the property's value, within RBI's caps |
| Prepayment | Nil on floating-rate loans |
Canara Bank Interest Rates, June 2026
By product, CIBIL score & applicant type
Home loan · Plot · Construction · Balance transfer
| CIBIL Score | Salaried | Self Employed |
|---|---|---|
| 800 and above | 7.20% onwards | 7.20% onwards |
| 700–749 | 7.60% onwards | 7.60% onwards |
| 750–799 | 7.20% onwards | 7.20% onwards |
Starting rates for each CIBIL band. Women primary applicants get 0.05% lower. Your final rate also depends on the loan amount, property and profile. Updated 29 Jun 2026.
Fees & Charges
Canara Bank vs Similar Lenders
Public sector banks with the closest rates
| Lender | Best Suited For | Interest Rate |
|---|---|---|
| Canara Bank (this page) | Public sector bank | 7.20% onwards |
| Central Bank of India | Public sector bank | 7.20% onwards |
| Punjab National Bank | Public sector bank | 7.20% onwards |
| Bank of Maharashtra | Public sector bank | 7.25% onwards |
Canara Bank Home Loan EMI Calculator
Move the sliders to see how the loan amount, interest rate and tenure change your monthly EMI and total interest outgo at Canara Bank's rates.
Illustrative calculation based on the selected rate. The rate defaults to 7.2% p.a., the best applicable starting rate. Your actual EMI depends on the rate offered to you.
A ₹50 lakh Canara Bank home loan over 20 years at 7.20% costs ₹39,367 a month, or ₹44,48,192 in total interest. Every 0.25% higher adds about ₹759 a month.
Canara Bank Home Loan FAQs
What is the Canara Bank home loan interest rate?
Canara Bank home loan rates start at 7.20% p.a. for the strongest credit profiles and rise for lower CIBIL scores, and women primary applicants get 0.05% lower. Your final rate also depends on the loan amount, property and income.
Can I prepay my Canara Bank home loan without charges?
Yes, on a floating-rate home loan. RBI rules do not allow Canara Bank to charge individual borrowers for part-prepayment or foreclosure of floating-rate home loans.
How much of the property value will Canara Bank fund?
Canara Bank funds up to 75% of the property's value, within RBI's caps (up to 90% for loans up to ₹30 lakh, 80% for ₹30–75 lakh and 75% above ₹75 lakh). You pay the rest as your own contribution.
Rates updated 29 Jun 2026 from Butter's lender rate data. Final terms are set by Canara Bank at sanction. Source: Canara Bank.