Canara Bank Home Loan Interest Rates

Canara Bank Home Loan Highlights

Particulars	Details
Interest Rate	Floating Rates: 7.40%-10.25% p.a. Fixed Rates: 8.75%-11.00% p.a.
Loan Amount	Depends on the applicant’s profile
Loan Tenure	Up to 30 years
Processing Charges	NIL

Note: Last updated on 10 July 2025

Canara Bank Home Loan Interest Rates

Canara Bank Housing Loan interest rates start from 7.40% p.a. onwards. The lender offers home loan interest rates based on the loan amount, credit score, applicant type and type of home loan scheme opted for. 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	7.50%	7.55%
CRG:1	7.50%	7.55%
CRG:2	7.80%	7.85%
CRG:3	8.70%	8.75%
CRG:4	10.20%	10.25%

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	7.45%	7.50%
CRG:1	7.45%	7.50%
CRG:2	7.75%	7.80%
CRG:3	8.60%	8.65%
CRG:4	10.10%	10.15%

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	7.40%	7.45%
CRG:1	7.40%	7.45%
CRG:2	7.70%	7.75%
CRG:3	8.50%	8.55%
CRG:4	10.00%	10.05%

Canara Bank Home Loan for Amounts above Rs 25 crore

Credit Risk Grade	Interest Rates (p.a.)
	Women Borrowers	Other Borrowers
CRG-Prime	7.40%	7.45%
CRG:1	7.40%	7.45%
CRG:2	7.70%	7.75%
CRG:3	8.40%	8.45%
CRG:4	9.90%	9.95%

Note: For Canara Housing Loan (all variants) under CRG Prime, CRG-1, CRG-2, additional 5 bps concession for Takeover/Ready to move in Home Loan proposals and 5bps concession for salaried employees working in Central/State Government/PSUs/MNCs/Bluechip Companies and Corporates maintaining/switching salary account with us including premium payroll package payroll accounts is applicable in all loan slabs up to floor/ceiling rate.

Canara Site

Credit Risk Grade	Interest Rates (p.a.)
CRG: 1	9.30%
CRG: 2	9.35%
CRG: 3	9.85%
CRG: 4	10.35%

Canara Home Loan Plus – Term Loan

Credit Risk Grade	Interest Rates (p.a.)
CRG: 1	8.80%
CRG: 2	8.85%
CRG: 3	9.35%
CRG: 4	10.85%

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

Canara Bank Home Loan Fixed Interest Rates

Credit Risk Grade	Interest Rates (p.a.)
	Women Borrowers	Other Borrowers
CRG Prime	8.75%	8.80%
CRG 1	9.00%	9.05%
CRG 2	9.05%	9.10%
CRG 3	9.45%	9.50%
CRG 4	10.95%	11.00%

Canara Bank Home Loan Interest Rate vs Other Lenders

Name of Lender	Loans Up to Rs. 30 Lakh	Loans Above Rs. 30 Lakh to Rs. 75 Lakh	Loans Above Rs. 75 Lakh
State Bank of India	7.50%-8.70% p.a.	7.50%-8.70% p.a.	7.50%-8.70% p.a.	Check Eligibility
HDFC Bank Limited	7.90% p.a. onwards	7.90% p.a. onwards	7.90% p.a. onwards	Check Eligibility
Bajaj Housing Finance	7.49% p.a. onwards	7.49% p.a. onwards	7.49% p.a. onwards	Check Eligibility
ICICI Bank	8.00% p.a. onwards	8.00% p.a. onwards	8.00% p.a. onwards	Check Eligibility
Axis Bank	8.35%-11.90% p.a.	8.35%-11.90% p.a.	8.35%-11.90% p.a.	Check Eligibility
Federal Bank	9.15% p.a. onwards	9.15% p.a. onwards	9.15% p.a. onwards	Check Eligibility
Punjab National Bank	7.55% - 9.35% p.a.	7.50% - 9.25% p.a.	7.50% - 9.25% p.a.	Check Eligibility
Kotak Mahindra Bank	8.20% p.a. onwards	8.20% p.a. onwards	8.20% p.a. onwards	Check Eligibility
Canara Bank	7.50%-10.25% p.a.	7.45% – 10.25% p.a.	7.40% – 10.15% p.a.	Check Eligibility
IDFC FIRST Bank	8.85% p.a. onwards	8.85% p.a. onwards	8.85% p.a. onwards	Check Eligibility
IDBI Bank	7.75% p.a. onwards	7.75% p.a. onwards	7.75% p.a. onwards	Check Eligibility
RBL Bank	8.20% p.a. onwards	8.20% p.a. onwards	8.20% p.a. onwards	Check Eligibility
Tata Capital Housing Finance	7.99% p.a. onwards	7.99% p.a. onwards	7.99% p.a. onwards	Check Eligibility
PNB Housing Finance	8.25% - 11.50% p.a.	8.25% - 11.50% p.a.	8.25%-12.35% p.a.	Check Eligibility
Sammaan Capital (Formerly known as Indiabulls Housing Finance)	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
India Shelter Home Loan	10.00% - 24.00% p.a.	10.00% - 24.00% p.a.	10.00% - 24.00% p.a.	Check Eligibility
L&T Finance Limited	8.65% p.a. onwards	8.65% p.a. onwards	8.65% p.a. onwards	Check Eligibility
Godrej Housing Finance	8.55% p.a. onwards	8.55% p.a. onwards	8.55% p.a. onwards	Check Eligibility
Home First Finance	11.90% - 15.00% p.a.	11.90% - 15.00% p.a.	11.90% - 15.00% p.a.	Check Eligibility
Easy Home Finance	8.99% - 18.00% p.a.	8.99% - 18.00% p.a.	8.99% - 18.00% p.a.	Check Eligibility
Piramal Capital Housing Finance	9.50% p.a. onwards	9.50% p.a. onwards	9.50% p.a. onwards	Check Eligibility

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.

Documents Required for Canara Bank Home Loan

The details of home loan documents required during loan application are given below.

• Duly filled application form with 2 passport-size photos of applicant/guarantor
• Copy of the approved plan for the proposed construction/extension/addition
• Detailed cost estimate/valuation report from Banks Panel Chartered Engineer / Architect
• Agreement for Sale
• Sale Deed
• Allotment letter of Co-operative Housing Society / Apartment Owners Association / Housing Board / NOC from the Society / Association / Builders / Housing Board
• Salary Certificate and Form No.16 (in case of salaried persons)
• IT Returns filed for the past three assessment years (in the case of non-salaried persons)
• A brief note on the nature of the business, year of establishment, type of organization, etc., (in case of self-employed)
• Legal Scrutiny Report, EC for the past 13 years, Property Tax paid receipt, Khata and permission for mortgage, wherever necessary
• Balance Sheet and P&L Account for the past three years (in case of self-employed)

Note: Some banks and HFCs such as LIC Housing Finance, HDFC, PNB Housing Finance, IDFC First Bank and Piramal Housing Finance offer home loans to those who get their monthly income in cash or do not have enough income proofs.

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 EMI Calculator

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 7.5% 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).

FAQs on Canara Bank Home Loan

How can I check the Canara Bank Home Loan interest rate?

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.

How to calculate home loan interest in 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.

What are the eligibility criteria for a Canara Bank Home Loan?

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

How to apply for a Canara Bank Home Loan?

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.

What are the documents required for availing Canara Bank Home Loan?

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.

Can I choose between fixed and floating rates of interest?

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

Does Canara Bank offer any home loan interest rate concessions to women applicants?

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

Can I prepay my home loans availed from Canara Bank?

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.

Are there any restrictions on the end usage of housing loans availed for plot purchase?

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.

What is the minimum credit score required to avail home loans from Canara Bank?

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.

Does Canara Bank offer any repayment holiday on Canara Bank Home Loans?

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.

In case of the purchase of a flat under construction, the repayment should commence within 2 months of the completion of construction or 3 years from the date of loan disbursement, whichever is earlier.

How much time does it take for home loan approval in Canara Bank?

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.

How to download a home loan interest certificate online?

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.

What is the Canara Bank Home Loan pre-closure charge?

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