Canara Bank’s home loan interest rate is 7.15% to 10.00% p.a. as of 17 September 2026, per the bank’s published rate range. Women borrowers with the best credit grade pay 7.25% on loans up to ₹50 lakh, other borrowers 7.30%. Every rate is linked to Canara Bank’s repo linked lending rate (RLLR) of 8.00%, confirmed for the review effective 12 September 2026.
| Advertised rate | 7.15% p.a. onwards |
|---|---|
| Maximum rate | 10.00% |
| Lender type | PSU bank |
Checked 17 Sep 2026 · Canara Bank rate range and RLLR card rates
The rate
| Advertised rate | Maximum rate | Terms | Processing fee |
|---|---|---|---|
| 7.15% | 10.00% | Repo-linked (RLLR) | 0.50%, min ₹1,500, max ₹10,000 + GST |
Checked 17 Sep 2026 · Canara Bank rate range and RLLR card rates
Canara Bank’s home loan rate runs from 7.15% to 10.00%, a spread of 2.85 percentage points. The bank sets your rate by its internal credit risk grade (CRG-Prime and CRG-1 to CRG-4) and the loan size, not by bargaining. That is why improving your credit score before you apply is worth more than negotiating after.
Canara Bank housing loan card rates (RLLR 8.00%)
| Credit risk grade | Up to ₹50 lakh (women / others) | ₹50 lakh–₹1 crore (women / others) | ₹1 crore–₹2.5 crore (women / others) |
|---|---|---|---|
| CRG-Prime and CRG-1 | 7.25% / 7.30% | 7.20% / 7.25% | 7.15% / 7.20% |
| CRG-2 | 7.65% / 7.70% | 7.60% / 7.65% | 7.55% / 7.60% |
| CRG-3 | 8.45% / 8.50% | 8.45% / 8.50% | 8.45% / 8.50% |
| CRG-4 | 9.95% / 10.00% | 9.85% / 9.90% | 9.75% / 9.80% |
Source: Canara Bank, rates of interest for retail lending schemes linked to RLLR. Loans above ₹2.5 crore carry slightly lower rates in CRG-3 and CRG-4. In CRG-Prime to CRG-2, the bank gives a further 0.05% off for takeover or ready-to-move proposals, and 0.05% for salaried staff of government bodies, PSUs, MNCs and large companies. A third home loan unit costs 0.25% above the card rate, and a fourth or later unit 0.50% above.
Because the loan is repo-linked, the rate resets when the RBI moves. The RBI held the repo rate at 5.25% at its 3–5 August 2026 policy meeting. The trade-off is set out in fixed vs floating home loan. To see what 7.15% or 7.30% costs per month on your own amount and tenure, use the EMI calculator.
How it compares
Compare Canara Bank’s 7.15% starting rate with Bank of Baroda and other lenders on our home loan interest rates page, and see the ranked picks in best home loans. Canara’s loan against property (Canara Mortgage) costs more, at 9.05% to 11.55%, and a Canara Site loan for a plot runs 9.05% to 10.10%.
Terms change without notice. Confirm the current figures with Canara Bank before you act.
Frequently asked questions
What is the Canara Bank home loan interest rate today?
7.15% to 10.00% p.a. as of 17 September 2026. For loans up to ₹50 lakh, the best-grade rate is 7.25% for women and 7.30% for other borrowers.
What is Canara Bank’s RLLR?
8.00%, confirmed for the review effective 12 September 2026, and unchanged since the 12 December 2025 cut from 8.25%. Your home loan rate is the RLLR plus a credit risk premium, minus any concession.
What is the Canara Bank mortgage loan interest rate?
Canara Mortgage, the bank’s loan against property, is priced at 9.05% to 11.55%. Within that band, the rate depends on your credit risk grade and the collateral you offer.
What is the Canara Bank site loan interest rate?
Canara Site loans run from 9.05% (CRG-1) to 10.10% (CRG-4), on the same 8.00% RLLR.
Who is eligible for a Canara Bank home loan?
Resident Indians, NRIs, PIOs and OCIs can apply. Salaried applicants need two years of continuous service, with at least six months in the current job. Self-employed applicants need three years of income proof. You must be under 60 at entry, and the loan must close by age 75. Salaried applicants can borrow up to 72 times their monthly gross salary, and self-employed applicants up to 6 times their average annual income.
What is the maximum tenure and processing fee?
You can repay over up to 30 years, or until you turn 75 if that comes first. The processing fee is 0.50% of the loan, with a minimum of ₹1,500 and a maximum of ₹10,000, plus GST. Canara Bank charges no prepayment penalty on its housing loans.
Sources
- Interest rate range on loans — Canara Bank (checked 17 Sep 2026)
- Rates of interest for retail lending schemes linked to RLLR — Canara Bank (checked 17 Sep 2026)
- Repo Linked Lending Rate w.e.f. 12.09.2026 — Canara Bank (checked 17 Sep 2026)
- Canara Housing Loan: eligibility, tenure and charges — Canara Bank (checked 17 Sep 2026)
- Monetary policy statements, August 2026 — Reserve Bank of India (checked 17 Sep 2026)
Related reading
Canara Bank Home Loan EMI Calculator — Estimate in Seconds
What a Canara Bank home loan costs each month, and what the same loan costs at the highest rate the bank can charge.
17 Sep 2026 · 1 min
Canara Bank Home Loan Fees and Charges — September 2026
The processing fee Canara Bank publishes, plus the charges that sit outside it.
17 Sep 2026 · 1 min