✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Apply Now

Fund your next property purchase with the help of a Canara Bank Home Loan, which comes with affordable interest rates starting from 8.40% p.a. Furthermore, you can choose to repay the loan over tenures ranging up to 30 years. Save money on overall loan costs by paying minimal processing fees and prepayment penalties.

Interest Rates and Charges

Canara Bank Home Loan interest rates and charges are as listed below:

Interest Rate

8.45% to 11.25% p.a.

Processing Fee

0.50% of the loan amount (Minimum of ₹1,500 and maximum of ₹10,000)

Prepayment Charges


*Disclaimer: The aforementioned details are subject to change at the lender’s discretion

Canara Bank Home Loan EMI Calculator

Loan Amount
  • Months
  • Years
Rate of Interest

Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest Amount

Home Loan Amortisation Schedule

Year Principal Interest Balance

Features and Benefits

High Loan Amount

You can secure amounts up to 96 times your latest gross monthly earnings, subject to your income

Low Interest Rates

Enjoy interest rates starting from just 8.40% p.a and pay lower EMIs, making it easier to repay the loan eligibility

Complimentary Credit Card

Canara Bank offers a free credit card to individuals who opt for this loan

No Prepayment Charges

You can close your loan before the end of the set tenure by making prepayments that come with zero penalties

Reducing Balance Interest Rate

Save extensively on your repayment costs with the reducing balance interest rate offered by the bank

Low Processing Fee

Pay a minimal processing fee which amounts to just 0.50% of the approved loan amount

Eligibility Criteria and Documents Required

Be sure to fulfil the following Canara Bank Home Loan eligibility criteria before submitting your application:

  • You must be an Indian resident, NRI, or Person of Indian Origin (PIO) who carries a foreign passport or an Overseas Citizen of India (OCI) 

  • You must be under 60 years of age when applying for the loan

  • Your age must not exceed 75 years at the time of loan maturity

  • Salaried individuals must have a minimum work experience of 2 years and must have completed a tenure of 6 months in the current organisation

  • Self-employed individuals and professionals must furnish their ITR filings of the last 3 years


In addition to this, you will also be required to submit the following documents:

1. Identity proof: Any one of the following

  • PAN card

  • Driving licence

  • Voter ID

  • Passport

  • Aadhaar card, etc.


2. Address proof: Any one of the following

  • Driving licence
  • Voter ID

  • Passport

  • Aadhaar card 

  • Electricity bill

  • Telephone bill, etc.

Age proof 


Income proof:

  • For salaried applicants: 

  1. Bank statement of the salary account of the last 6 months

  2. Form 16

  3. ITR filings of the last 3 years

  4. Appointment letter

  • For self-employed and professional applicants: 

  1. P&L statement, ITR filings, and balance sheets of the last 3 years

  2. Bank statement

  3. Note on the nature of business

  4. Business proof

  • For NRI applicants: 

  1. Valid work permit

  2. Salary certificate attested by the Indian embassy/ consulate/ employer

  3. Account statement of an overseas bank showing savings and salary

  • Property-related documents

How to Apply?

Here is how you can apply for a Canara Bank Home Loan online:

  • Visit the bank’s official website and click on the ‘LOANS’ option

  • Navigate to ‘Home Loan’ and select ‘Housing Loan’

  • Slide the carousel on the screen and click on the ‘APPLY ONLINE’ option

  • Enter your personal and professional details

  • Provide your loan requirements and property-related details

  • Submit the application

  • Following this, a representative will reach out to you to process your application further.

How to Apply for home loan


Can I apply for a home loan from Canara Bank online?

Yes, you can visit the bank’s official website and apply for a home loan.

What is the repayment tenure offered on Canara Bank home loan?

The bank offers a repayment tenure of up to 30 years.

Loan Offer
Download App
Credit Score