What Canara Bank charges for a home loan, what it costs in rupees, and how it compares with every other provider in our home loan interest rate table.
| Advertised rate | 7.15% p.a. onwards |
|---|
Canara Bank can charge up to 10.00% for this product. The advertised figure is a starting rate, not an offer.
Updated 17 Sep 2026 · Lender rate pages, checked individually
Rate, maximum and fees
| Advertised rate | Maximum rate | Terms | Fee |
|---|---|---|---|
| 7.15% | 10.00% | Repo-linked (RLLR) | 0.50%, min ₹1,500, max ₹10,000 + GST |
Updated 17 Sep 2026 · Lender rate pages, checked individually
What that costs in rupees
On ₹50,00,000 over 20 years.
| EMI at 7.15% | ₹39,216/month |
|---|---|
| Total interest | ₹44,11,939 |
| EMI at the 10.00% maximum | ₹48,251/month |
| Extra interest at the maximum rate | ₹21,68,321 |
Change the amount or the tenure in the EMI calculator to see your own figure. Principal and interest only. Processing fee, GST, documentation and any insurance sold alongside the loan are additional.
How it compares
Ranked against the lenders in our best home loans comparison, Canara Bank is the joint cheapest of the 12 providers we track — level with LIC Housing Finance and Union Bank of India at 7.15%, and 0.05% below Bank of Baroda at 7.20%.
What moves this rate
Public sector bank. Floating retail loans are priced off an external benchmark, so RBI rate cuts pass through within a reset cycle.
The advertised rate is a starting point, not an offer. It goes to the strongest applicants: a high credit score, a big down payment and usually a salaried job at an approved employer. The maximum in the table above is the bank’s own upper limit. Where you land between the two is set by your credit score, not by bargaining.
Read the fee together with the rate, not separately. Where a fee is quoted without tax, add 18% GST to get what you actually pay. On a big, long loan the rate matters most. On a smaller or shorter one, a low rate with a high fee is often the costlier deal.