Canara Bank is a public sector bank founded in 1906 and headquartered in Bengaluru. We hold a dated rate for one of its products, its home loan, which carries a Credsir rating of 4.3 out of 5.
Best for: borrowers who want a home loan from a large public sector lender and will trade 0.20 points against the market’s best rate for it.
What it does well
- Narrow gap between the advertised home loan rate and its published ceiling, so the headline number is closer to a real offer — 4.1/5
Where it falls short
- Home loan starts 0.20 points above Bank of Baroda, the cheapest lender we track — #5 of 12
Rates and fees
| Product | Advertised rate | Maximum rate | Terms | Fee |
|---|---|---|---|---|
| Home loan | 7.40% | 9.55% | Repo-linked (RLLR) | 0.5%, max ₹10,000 |
Updated 15 Aug 2026 · Canara Bank’s rate cards and published comparisons, across 1 product. The advertised figure is a starting rate, not an offer.
Canara Bank home loan, rated 4.3/5
We score each product against every other provider we track for it. The same formula runs on every bank on this site, and we publish it in full.
| Rate from | 7.40% (starting rate) |
|---|---|
| Maximum rate | 9.55% |
| Terms | Repo-linked (RLLR) |
| Fee | 0.5%, max ₹10,000 |
How it compares: the cheapest provider we track for this product is Bank of Baroda at 7.20%, 0.20 percentage points cheaper. Because the rate is linked to the RLLR, a repo cut passes through at the next reset rather than immediately. Our fuller Canara Bank home loan breakdown sets the advertised rate against the ceiling, and the whole market sits on home loan interest rates.
A 0.20 point gap sounds small until you put it against a twenty-year tenure. Put your own principal and tenure into the EMI calculator before you decide the difference is not worth switching for, and read how we pick between lenders on best home loans.
How we rated this bank
We take no money for ratings, and no bank can influence one. Every score above is simple maths on a dated rate table. Change the table and the score moves by itself.
| Products rated | 1 — every product we hold a dated rate for at Canara Bank |
|---|---|
| Competitor rates compared | 12 |
| Paid for this rating | ₹0 |
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