Canara Bank Home Loan Interest Rate
Canara Bank is one of the leading public sector banks in India, making your home-buying journey smooth and affordable. Canara Bank home loan interest rates starting at just 7.40% per annum ensure that finance doesn’t become a hurdle in your dream of buying, renovating, or building a home. Make your homeownership experience a memorable one by exploring Canara Bank's home loan interest rates and applying for a loan with them.
Canara Bank Home Loan EMI Calculator
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Canara Bank Home Loan Key Highlights
| Amount of Loan | No upper limit on home loan amount |
|---|---|
| Rate of Interest | 7.40% - 10.25% per annum |
| Processing Fees |
0.50% (Max. Rs. 10,000/- + GST) |
| Max Tenure for Loan Repayment | Up to 30 Years |
Canara Bank Home Loan Interest Rates in 2025
Canara Bank home loan interest rates continue to attract potential home buyers in 2025. Available both on a floater and fixed interest rate basis, Canara Bank housing loans can be availed for a loan repayment tenure of up to 30 years.
Have a look at the table below to understand the Canara Bank home loan interest rate 2025 in detail:
| Loan Category | Rate of Interest on Home Loan |
|---|---|
| Salaried Applicants | 7.40% p.a. - 10.25% p.a. |
| Self-Employed Applicants | 7.40% p.a. - 10.25% p.a. |
Standard Home Loan Rates of Interest for Salaried and Self-Employed Applicants
Repo Linked Lending Rate (RLLR)
| Loan Category | Rate of Interest on Home Loan (p.a.) |
|---|---|
| All Loan | 7.40% p.a. - 10.25% p.a. |
Canara Home Loan Secure Interest Rates
| Loan Slab | Rate of Interest on Home Loan (p.a.) |
|---|---|
| All Loans | 9.10% p.a. |
Canara Bank Home Loan Plus -Top-Up Interest Rates
| Loan Category | Rate of Interest on Home Loan (p.a.) |
|---|---|
| Top-Up for Existing Customers | 9.55% p.a. - 11.60% p.a. |
Interest rates were last updated on 14th August 2025
Canara Bank Home Loan Interest Rates for All Schemes in India
Buying a home is now easier because banks like Canara Bank offer different types of home loans to suit various needs and budgets. The interest rates typically vary based on the applicant’s credit score, loan amount, and tenure, ensuring flexibility to meet other financial needs.
Have a look at the table below to understand the different types of home loans offered by Canara Bank and their updated interest rates in 2025:
| Canara Bank Home Loan Schemes | Rates of Interest for Each Plan |
|---|---|
| Canara Housing Loan | 7.40% p.a. - 10.25% p.a. |
| Home Improvement Loan | 11.50% p.a. - 13.55% p.a. |
| Canara Home Loan Secure | 9.10% p.a. |
| Home Loan for Customer with Nil/Minimal Income Proof | 9.75% p.a. - 10.25% p.a. |
| Canara Home Loan Plus - Term Loan | 9.55% p.a. - 11.60% p.a. |
Canara Bank Home Loan Interest Rates for Balance Transfer, Top Up, and Overdraft
Canara Bank Home Loan customers can benefit from three valuable facilities designed to meet diverse and unexpected financial needs: a convenient balance transfer option to reduce EMIs, a top-up loan for extra funding without fresh paperwork, and a flexible overdraft facility that allows access to surplus funds whenever required.
Canara Bank Home Finance Home Loan Balance Transfer
The Canara Bank balance transfer option makes it easier for borrowers to shift their existing home loans from other banks to Canara Bank and enjoy competitive rates starting around 7.40% per annum. This facility is beautiful for those seeking to reduce monthly EMIs and benefit from special concessions for women and salaried applicants.
Canara Bank Home Loan Top-Up
Canara Bank home loan top-up allows you to borrow additional funds for renovation, education, or personal needs without the hassle of applying for a separate loan. Quick processing, minimal paperwork, and competitive interest starting at 9.55% per annum make it a preferred choice among borrowers. With this option, you can meet extra expenses while still enjoying the benefits of your original home loan.
Canara Bank Home Finance Home Loan Overdraft Option
The Canara Bank overdraft facility offers added flexibility to manage your home loan through an overdraft account linked to the Repo Linked Lending Rate (RLLR). It’s handy for borrowers with variable income or frequent cash flow needs. The Canara Bank overdraft home loan interest rate starts at 7.40% per annum.
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Compare Canara Bank Home Loan Interest Rate with Top Banks
Canara Bank offers the most affordable home loans to those eager to buy a new home, renovate an existing one, or build one. Still, a little comparison with other competitors will make your decision firm, and you will feel confident in applying for a home loan from Canara Bank.
The table below will help you compare Canara Bank housing loan interest rates with the other top 5 financial service providers:
| Bank/NBFC | Rate of Interest on Home Loan | Processing Fee |
|---|---|---|
| Canara Bank Home Finance | 7.40% p.a. onwards | 0.50% (Max. Rs. 10,000/- + GST) |
| UCO Bank Home Finance | 7.50% p.a. onwards | 0.5% of the loan amount (Min. Rs. 1,500/-, Max. Rs. 15,000/) |
| PNB Housing | 8.25% p.a. onwards | 0.35% (Maximum Rs. 15,000) |
| Karnataka Bank Home Finance | 8.19% p.a. onwards | 0.50% - 2.00% |
| Saraswat Bank Home Finance | 7.50% p.a. onwards | Rs. 2,500 - Rs. 7,500 (taxes additional) for salaried applicants With no insurance - 0.20% or Rs. 7,500 (whichever is higher) With insurance - Rs. 7,500 + taxes |
Canara Bank Home Loan Balance Transfer Interest Rates
Canara Bank home loan interest rates are known for being competitive, transparent, and customer-friendly, making them an attractive choice for homebuyers across India. Its strong nationwide presence and reputation for reliability further make it a sensible option for anyone planning to build, buy, or renovate their dream home.
The Canara Bank Home Loan Balance Transfer interest rate starts at 7.40% per annum. The following steps can help you shift your existing loan balance to Canara Bank:
- Firstly, visit the BASIC Home Loan website and go to the Repay Right section - https://www.basichomeloan.com/repay-right.
- Enter the required details in the online form displayed on the screen.
- Click ‘Next’ to proceed to the next page.
- You will then be able to see the savings you make with the Canara Bank Home Loan Balance Transfer option.
- The most convenient option is to approach the BASIC Home Loan team to seek help in applying for a Canara Bank home loan.
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How to Calculate Canara Bank Home Loan Interest Rates?
The easiest and most accurate way of calculating the Canara Bank home loan interest rate is by using the online EMI calculator available at the official bank site. All you need is to fill in the details like the loan amount, tenure, and rate of interest to find out the monthly EMI. You may also consider using the ready-to-use online EMI calculator tool available at the BASIC Home Loan website: https://www.basichomeloan.com/emi.
The table given below will give you an idea of the monthly EMI installments for 10 to 30 years tenures:
Canara Bank Home Loan EMI Calculator 2025
| Loan Amount | Rate of Interest | EMI for 10-Year Loan Tenure | EMI for 20-Year Loan Tenure | EMI for 30-Year Loan Tenure |
|---|---|---|---|---|
| Rs. 10 lakh | 7.40% p.a. | Rs. 11,818 | Rs. 7,995 | Rs. 6,924 |
| Rs. 20 lakh | 7.40% p.a. | Rs.23,636 | Rs. 15,990 | Rs. 13,848 |
| Rs. 30 lakh | 7.40% p.a. | Rs. 35,454 | Rs. 23,985 | Rs. 20,771 |
| Rs. 40 lakh | 7.40% p.a. | Rs. 47,272 | Rs. 31,980 | Rs. 27,695 |
| Rs. 50 lakh | 7.40% p.a. | Rs. 59,090 | Rs. 39,974 | Rs. 34,619 |
| Rs. 60 lakh | 7.40% p.a. | Rs. 70,908 | Rs. 47,969 | Rs. 41,543 |
| Rs. 70 lakh | 7.40% p.a. | Rs. 82,726 | Rs. 55,964 | Rs. 48,467 |
| Rs. 80 lakh | 7.40% p.a. | Rs. 94,544 | Rs. 63,959 | Rs. 55,390 |
| Rs. 90 lakh | 7.40% p.a. | Rs. 1,06,362 | Rs. 71,954 | Rs. 62,314 |
| Rs. 1 crore | 7.40% p.a. | Rs. 1,18,181 | Rs. 79,949 | Rs. 69,238 |
The table above provides an estimate of the EMI payable at an interest rate of 7.40% per annum as offered by Canara Bank. However, these figures are subject to change with a change in interest rates, loan tenure, and other factors.
FAQ's
At present, the Canara Bank home loan interest rate starts at 7.40% per annum. However, we suggest you confirm the same from the bank’s official website.
Canara Bank offers both fixed and floating home loan rates. So, you, as a home loan applicant, can feel free to choose as per your interest.
Canara Bank home loan interest rates are calculated based on certain factors, such as the market conditions, the bank’s base rate, the applicant’s credit score, the loan amount, and the loan tenure.
Canara Bank offers similar rates for salaried and self-employed applicants. But, at times, it provides a concession of 0.5% on the interest rate to women applicants.
Rates typically start around 7.40% p.a., depending on your credit grade, with possible concessions for women and salaried applicants to make EMIs more affordable.
Yes, Canara Bank offers an interest subsidy of up to Rs. 1.80 lakh under PMAY-Urban to the eligible borrowers to help them reduce the outstanding loan amount and EMI payments.