Canara Bank Home Loan

Canara Bank offers home loans at interest rates starting from 7.25% p.a. onwards for tenures of up to 30 years. It also offers a special home loan scheme for agriculturists and people engaged in allied activities like poultry/dairy, plantation, horticulture, etc. Canara Kuteer, a special home loan scheme, is offered to individuals and members of self-help groups having annual household income of up to Rs 3 lakh.

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HDFC Bank
Min Loan Amt. 15L
Rate of Interest7.9% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee10,000
Axis Bank
Min Loan Amt. 30L
Rate of Interest8.25% - 11.90%
Tenure uptoUpto 30 Years
Processing Fee14,000
ICICI Bank
Min Loan Amt. 15L
Rate of Interest8% - 9.8%
Tenure uptoUpto 30 Years
Processing Fee10,000
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Canara Bank Home Loan Highlights

Particulars Details
Interest Rate 7.25% p.a. onwards
Loan Amount Depends on the applicant’s profile
Loan Tenure Up to 30 years
Processing Charges NIL

Note: Last updated on 16th December 2025

Canara Bank Home Loan Interest Rates

Applicants can avail Canara Bank Housing Loan interest rates starting from 7.25% p.a. The lender offers home loan interest rates based on the loan amount, credit score, applicant type and type of home loan scheme opted for. For Canara Housing Loans (all variants) under CRG Prime, CRG-1, and CRG-2, an additional 5 bps interest rate concession is offered for:

  • Takeover or Ready-to-move-in home loan proposals and
  • Salaried employees working with Central/State Government, PSUs, MNCs, Bluechip Companies, or other Corporates who maintain or switch their salary account to Canara Bank, including those under the Premium Payroll Package.

This concession is available for all loan amounts, up to the floor/ceiling rate. Below-mentioned are the home loan interest rates of various Canara Bank Home Loan schemes offered to its applicants:-

Canara Bank Home Loan Floating Interest Rates

Canara Bank Housing Loan for Amounts up to Rs. 50 lakh
Credit Risk Grade Interest Rates (p.a.)
Women Borrowers Other Borrowers
CRG-Prime 7.25% 7.30%
CRG:1 7.25% 7.30%
CRG:2 7.65% 7.70%
CRG:3 8.45% 8.50%
CRG:4 9.95% 10.00%
Canara Bank Home Loan for Amounts above Rs. 50 lakh to Rs. 1 crore
Credit Risk Grade Interest Rates (p.a.)
Women Borrowers Other Borrowers
CRG-Prime 7.20% 7.25%
CRG:1 7.20% 7.25%
CRG:2 7.60% 7.65%
CRG:3 8.45% 8.50%
CRG:4 9.85% 9.90%
Canara Bank Housing Loan for Amounts above Rs. 1 crore to Rs. 25 crore
Credit Risk Grade Interest Rates (p.a.)
Women Borrowers Other Borrowers
CRG-Prime 7.15% 7.20%
CRG:1 7.15% 7.20%
CRG:2 7.55% 7.60%
CRG:3 8.45% 8.50%
CRG:4 9.75% 9.80%
Canara Bank Home Loan for Amounts above Rs. 25 crore
Credit Risk Grade Interest Rates (p.a.)
Women Borrowers Other Borrowers
CRG-Prime 7.15% 7.20%
CRG:1 7.15% 7.20%
CRG:2 7.55% 7.60%
CRG:3 8.35% 8.40%
CRG:4 9.65% 9.70%

Canara Site

Credit Risk Grade Interest Rates (p.a.)
CRG: 1 9.05%
CRG: 2 9.10%
CRG: 3 9.60%
CRG: 4 10.10%

Canara Home Loan Plus – Term Loan

Credit Risk Grade Interest Rates (p.a.)
CRG: 1 8.55%
CRG: 2 8.60%
CRG: 3 9.10%
CRG: 4 10.60%

Also Read: Which bank/HFC is best for home loan?

Canara Bank Home Loan Fixed Interest Rates

Interest Rates (p.a.)
Credit Risk Grade Women Borrowers Other Borrowers
CRG Prime 8.50% 8.55%
CRG 1 8.75% 8.80%
CRG 2 8.80% 8.85%
CRG 3 9.20% 9.25%
CRG 4 10.70% 10.75%

Canara Site

Credit Risk Grade Interest Rates (p.a.)
CRG: 1 9.80%
CRG: 2 9.85%
CRG: 3 10.35%
CRG: 4 10.85%

Canara Bank Home Loan Interest Rate vs Other Lenders

Name of Lender Loans of Up to Rs. 30 Lakh
Bank of India 7.35% p.a. onwards Check Eligibility
State Bank of India 7.50% p.a. onwards Check Eligibility
Punjab National Bank 7.50% p.a. onwards Check Eligibility
HDFC Bank 7.90% p.a. onwards Check Eligibility
Bajaj Housing Finance 7.45% p.a. onwards Check Eligibility
ICICI Bank 8.75% p.a. onwards Check Eligibility
Axis Bank 8.30% p.a. onwards Check Eligibility
Federal Bank 8.75% p.a. onwards Check Eligibility
Kotak Mahindra Bank 7.99% p.a. onwards Check Eligibility
IDFC FIRST Bank 8.85% p.a. onwards Check Eligibility
IDBI Bank 7.55% p.a. onwards Check Eligibility
RBL Bank 8.20% p.a. onwards Check Eligibility
Tata Capital Housing Finance 7.75% p.a. onwards Check Eligibility
PNB Housing Finance 8.25% p.a. onwards Check Eligibility
Sammaan Capital
(Formerly known as Indiabulls Housing Finance)
8.75% p.a. onwards Check Eligibility
India Shelter Home Loan 10.50% p.a. onwards Check Eligibility
L&T Finance Limited 8.70% p.a. onwards Check Eligibility
Godrej Housing Finance 7.75% p.a. onwards Check Eligibility
Home First Finance 8.00% p.a. onwards Check Eligibility
Easy Home Finance 11% p.a. onwards Check Eligibility
Piramal Capital Housing Finance 9.49% p.a. onwards Check Eligibility
Shubham Housing Finance 10.45% p.a. onwards Check Eligibility
Punjab & Sind Bank 7.55% p.a. onwards Check Eligibility
Jio Housing Finance 8.20% p.a. onwards Check Eligibility
HDFC Sales Pvt Ltd 7.90% p.a. onwards Check Eligibility

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Canara Bank Home Loan Apply Online

You can apply for a Canara Bank Home Loan either through the official website of Canara Bank or through the mobile app, Canara ai1. You can also visit the Canara Bank branch to apply for a home loan. Applicants should also visit online financial marketplaces to compare the interest rates and other features offered by various lenders.

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Canara Bank Home Loan Eligibility Criteria

For Canara Bank Housing Loan

  • Salaried individuals with continuous service of at least 2 years with an experience of at least 6 months in the current organization.
  • Individuals who are self-employed, professionals or engaged in business activities should have been in their profession or business for at least 3 years.
  • Minimum age: Less than 60 years.
  • Maximum age: Up to 75 years.

For Canara Bank Housing Loan to Agriculturists

  • All agriculturists owning agricultural land of more than 5 acres and cultivating the same can avail Canara Bank Housing Loan to Agriculturists.
  • Agriculturists engaged in allied activities with a minimum gross annual income of Rs 5 lakh are also eligible for availing Housing Loan to Agriculturists.

For Canara Bank NRI Home Loan

  • NRIs having a valid Indian passport and Persons of Indian Origin having a foreign passport are eligible for Canara Bank NRI Home Loans.
  • Minimum age: 21 years.
  • Maximum age: 60 years.
  • NRI status: for 3 years.
  • Minimum work experience abroad: 2 years.

For Canara Home Loan Super Gain

Canara Home Loan Super Gain scheme is offered to new as well as existing home loan borrowers availing home loans of up to Rs 20 lakh and above.

For Canara Home Loan Plus

  • Existing home loan borrowers having a satisfactory repayment track record are eligible for Canara Home Loan Plus scheme.
  • Minimum age: 18 years.
  • Maximum age: 70 years.

For Canara Kuteer

Individuals residing in rural areas, urban areas and metro cities and members of self-help groups having household income of up to Rs 1 lakh p.a. and above Rs 1 lakh to Rs 3 lakh p.a. are eligible for availing Canara Kuteer Housing Loan scheme.

Note: Canara Bank has not specified the minimum cut-off credit score for its home loan applicants. However, the lender may consider the credit score of home loan applicants while evaluating their home loan eligibility, just like many lenders do in the case of their home loan applicants.

Canara Bank Home Loan Customer Care

Below-mentioned are the toll-free number and WhatsApp number of the Canara Bank Home Loan:-

  • Toll free number- 1800 1030
  • Whatsapp Number- 9076030001

Canara Bank Home Loan Features and Benefits

  • Canara Bank offers home loan interest rates starting from 7.25% p.a. onwards.
  • Applicants can avail Canara Bank Home Loans for the purchase or construction of a house or flat, repair and renovation of existing property, the takeover of home loans, etc.
  • The bank offers a margin of up to 90% for new properties (up to 10 years old) and a margin of up to 75% in cases of properties more than 10 years old.
  • All home loan borrowers are eligible for life insurance cover.
  • The lender does not levy any prepayment fees on the home loan.
  • The lender offers Canara Bank Home Loans against collateral.

Types of Canara Bank Home Loan

Following are the types of home loans offered by Canara Bank.

Canara Bank Housing Loan

Purpose: Consumers can avail Canara Bank Housing Loan scheme for the purchase or construction of a house or flat, for the purchase of a site and construction of a house thereon and for carrying out repair, renovation, expansion, upgradation and addition to the existing house. Existing home loan borrowers of Canara Bank can also purchase a second house when they already have a flat/house with or without a home loan.

Canara Bank also offers home loan balance transfer facilities to existing home loan borrowers of other lenders for transferring their existing home loans to Canara Bank at lower interest rates.

Loan Amount:

  • Maximum 72 times last drawn monthly gross salary for salaried applicants. For select loan cases, loans up to 96 times gross monthly salary or income.
  • 6 times of average gross annual income of all 3 years immediately preceding the current financial year for self-employed applicants or those engaged in business. For select loan cases, loans up to 8 years of gross salary/income.
  • For repair/renovation- Up to Rs 15 lakh subject to completion of 3 years from the repayment date of the housing loan.
  • Loan amount towards the cost of furnishing and fixed enhancement – Maximum up to 25% of the loan or Rs 50 lakh, whichever is lower.

Tenure: Up to 30 years or up to 75 years of age, whichever is earlier.

Canara Home Loan Plus

Purpose: Canara Home Loan Plus is a Home loan top-up scheme offered to existing home loan borrowers of Canara Bank to finance their domestic needs, medical expenses, education expenses and other emergencies.

Loan Amount:

  • For Salaried- 24 months gross salary subject to the maximum amount of up to Rs 50 lakh.
  • For Non-Salaried- Twice the average gross income of the applicant for 3 years subject to the maximum amount of up to Rs 50 lakh.

Tenure: Up to 15 years or the remaining repayment period of the existing home loan.

Canara Bank Home Loan to Agriculturists

Purpose: Canara Bank offers Housing Loan to Agriculturists and people engaged in allied activities like plantation, horticulture, dairy or poultry for purchasing or constructing a house or flat and purchasing a site and carrying out construction thereon.

Such loans are sanctioned only for purchases/construction of houses in non-agricultural properties, preferably in urban or semi-urban areas and growing townships having valid documents.

Loan Amount:

  • Maximum 72 times last drawn monthly gross salary for salaried applicants. For select loan cases, loans up to 96 times gross monthly salary or income
  • 6 times the average gross annual income of the last 3 years immediately preceding the current financial year for self-employed applicants. For select loan cases, loans up to 8 years of gross salary/income.
  • Up to Rs 15 lakh for repair/renovation, subject to completion of 3 years from the repayment date of the housing loan.
  • Loan amount towards the cost of furnishing and fixed enhancement – Maximum up to 25% of the loan or Rs 50 lakh whichever is lower.

LTV Ratio:

Loan Amount New house/flat or old house/flat (up to 10 years old) Old house/flat (more than 10 years old)
Up to Rs 30 lakh Up to 90% Up to 75%
Rs 30 lakh-Rs 75 lakh Up to 80%
Above Rs 75 lakh Up to 75%

For repair/renovation/upgradation/expansion: Up to 75% of project cost.

Tenure: Up to 30 years or 75 years of age of the borrower.

Canara Kuteer- Housing Loan Scheme

Purpose: Applicants can avail Canara Kuteer Housing Loan scheme for purchasing a plot and constructing a house on it, for purchasing a new or old house/flat, and for home construction on an already owned plot/site.

Loan Amount:

Household Income Loan Amount Sanctioned
Up to Rs 1 lakh Up to Rs 5 lakh
Rs 1 lakh-Rs 3 lakh Up to Rs 10 lakh

Tenure: Up to 30 years or 75 years of age.

Canara Site Loan

Purpose: Canara Site Loan is a plot loan scheme offered for purchasing residential sites from State Development/Town Planning Development Authorities or any other Government constituted body for the distribution of plots. Canara Bank also offers a Canara Site Loan for purchasing plots from statutory authorities of the Central Government/State Government/local authorities either exclusively or in partnership with private sector bodies provided the plots are approved by the statutory authority of the State Government.

Consumers can avail Canara Site Loan for purchasing plots from Government Development Authorities such as HUDA, or DDA directly or under a second sale. They can also purchase plots in colonies approved by the Government along with approved maps and RERA-approved projects.

Loan Amount: 75% of the cost of plot value/guideline value or 3 years gross annual salary/income.

Tenure: Up to 10 years or maximum period for house construction or up to 65 years of age of the borrowers.

Canara Bank Home Loan Super Gain Scheme

Purpose: New as well as existing customers of Canara Bank can avail Canara Home Loan Super Gain Scheme for the purchase and construction of a house or flat, for carrying out repair and renovation of new or second-hand residential flats or houses, and for plot purchase.

Loan Amount: Rs 20 lakh onwards.

Tenure: Up to 30 years or 75 years of age.

Canara Bank Home Loan for NRIs

Purpose: NRI applicant can avail NRI Home Loan from Canara Bank for the purchase and construction of a house/flat, plot purchase and construction of house thereon, and for carrying out repair, renovation and upgradation of existing property.

NRI applicants already having a house or flat (owned with or without a home loan) can also apply for a Canara Bank Home Loan. Existing NRI home loan borrowers of other lenders can also transfer their existing home loans to Canara Bank at lower interest rates.

Loan Amount:

  • 4 times of annual gross income.
  • 5 years of gross income on case in select cases.

LTV Ratio:

Loan Amount New house/flat or old house/flat (up to 10 years old) Old house/flat (more than 10 years old)
Up to Rs 30 lakh Up to 90% Up to 75%
Rs 30 lakh-Rs 75 lakh Up to 80%
Above Rs 75 lakh Up to 75%

For repair/renovation/upgradation/expansion: Up to 75% of project cost.

Tenure: Up to 30 years or 60 years of age of the borrower (70 years under certain conditions).

Swipe to see more table data

How Can I Apply for a Home Loan Online?

Get up to 5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

Get a Home Loan For
Your Dream Home

Avail Home Loan Banner

FAQs

You can check Canara Bank Home Loan interest rates from the official website of Canara Bank. You can also visit financial marketplaces to check the home loan interest rates offered by Canara Bank.

Manual calculation of home loan interest of Canara Bank can be quite complex and error-prone as the bank uses the reducing balance method for calculating home loan interest. Instead, use Canara Bank Home Loan EMI Calculator to calculate the total interest cost of your Canara Bank Home Loan and use the amortisation schedule to find the monthly break-up of your EMIs in terms of interest cost and a principal component.

The eligibility of home loan applicants depends upon age, credit score, monthly income, job profile, employer’s profile, etc. of home loan applicants.

Applicants can apply for Canara Bank Home Loan through the official website of Canara Bank by clicking on the “Home Loan” option on the home page of Canara Bank and fill in the application form. Prospective home loan borrowers can also apply for Canara Bank Home Loan through offline mode by visiting any Canara Bank branch.

The documents required for availing Canara Bank Home Loans include ID proof, address proof, bank statement for last 3 months, business proof, property documents, Form 16 and ITR, balance sheet and P&L statement for the last 3 years.

Canara Bank offers home loans at both floating and fixed interest rates.

Yes, Canara Bank offers a concession of 5 bps on home loan interest rates to women applicants.

Yes, you can prepay your home loans availed from Canara Bank. No prepayment charges are levied on the home loans at floating rates of interest.

Canara Bank does not allow housing loan proceeds to be used solely for plot purchases. In case of housing loans availed for plot purchase and house construction thereon, the borrower cannot utilize beyond 60% of the loan proceeds/sanctioned loan amount for plot purchase.

Canara Bank has not specified the cut-off credit score for its home loan applicants. However, it offers home loan interest rates based on its credit risk grades (CRG). Banks usually assign credit risk grades to their applicants based on their credit score, monthly income, occupation profile, employers’ profile and other aspects of their credit profile. Canara Bank offers lower interest rates to applicants falling under lower credit risk grade.

In case of purchase of an already built house/flat, Canara Bank allows its borrowers to start repayment within 2 months from the date of loan disbursement. For plot purchase and construction of house thereon or only construction of house on existing site, the repayment should start within 2 months after house construction or 2 years from the date of first disbursement, whichever is earlier.

Canara Bank has not specified the time taken for its home loan approval. However, lenders usually take 2-3 weeks or even more to approve their home loan applications.

Applicants can download their home loan interest certificate online through the official website of Canara Bank. They can also download their home loan interest certificate through the Canara Bank mobile app, Canara ai1.

Canara Bank does not levy any prepayment charges on the home loan.

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Mujhe home loan chahiye tha aur yahaan par sahayta kiya inhone aur loan mila. Pehla loan tha mera lekin sab ache se ho gaya.

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Prem Prakash PandeyDec 7, 2025

Home loan here

I took home loan here and they helped me in every step specially in collecting and submitting documents at the time of approval.

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Got the best home loan interest rate

I was confused and did not have so much time to carry out all the research, so I logged in to Paisabazaar’s portal and was able to see the home loan options I was eligible for. With the assistance of Paisabazaar’s experts, I was able to find the home loan that offered the rate of interest I could afford. Thank you Paisabazaar!

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Anu BhatnagarSep 10, 2021

Excellent Home Loan Service by Paisabazaar

Ended up taking an ICICI Home Loan and I think it was one of the best decisions I ever made. I thank Paisabazaar for helping me out and answering my questions with so much patience.

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KJ ThomasSep 10, 2021

Had a great experience with Paisabazaar

I have always heard my friends talking about how tedious it was for them to avail a home loan and decide the most suitable option. But with the help of Paisabazaar, I was able to compare several home loans and opt for the one that suited my needs. I am happy that I considered Paisabazaar for helping me.

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Ritesh SharmaSep 10, 2021

quick and easy home loan process

I had never thought that applying for a home loan could be so easy. The entire process was online and I didn’t have to go anywhere for application or documentation of my home loan. Paisabazaar experts helped me navigate through the process and later the bank collected my documents and everything was quick and seamless.

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Rupanjali MishraSep 3, 2021

Satisfied experience with Paisabazaar

I am satisfied with my home loan experience with Paisabazaar. I could easily compare different home loan options and apply for the home loan. Their customer care team also called me to confirm all the details and soon after the bank contacted to take the process forward. The process was really smooth.

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Soumil KhannaSep 3, 2021

Need to work on customer service

I had applied for a home loan at Paisabazaar. All was good till documentation process came. I had some questions regarding the documents to be submitted so I first called bank and I could not connect to their loan officer. So, I called Paisabazaar and to connect with them I again had to wait too long. They took their sweet time even in resolving my issue. I had expected prompt service from the bank and Paisabazaar and couldn’t get it.

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Vrinda PathakSep 3, 2021

Had excellent experience with Paisabazaar

My experience with Paisabazaar was simply excellent. Their website had detailed information of all banks. Their customer care team also helped me choose the best option. Applying for a home loan with Paisabazaar was smooth and quick. And if there was any problem even after loan application, they were happy to resolve it. I had no problem throughout the loan process.

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Sumit AroaSep 3, 2021

Happy with the service. Thumbs up!

I had applied for home loan at Paisabazaar and my experience was good here. Honestly, I thought I was making a mistake by not applying through bank website but in the end all turned out good. I had no isses during the loan process. Their customer care team is also prompt in resolving the issues.

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Vikram JeetMay 12, 2021
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