Canara Bank Home Loan

Along with the interest rates and processing fees, home loans are subject to a variety of other charges. Before you apply for a Canara Bank home loan, check out the applicable fees and charges that you may have to pay.

Canara Bank Home Loan Interest Rates

Canara Bank housing finance schemes are linked to its Repo Linked Lending Rate (RLLR). The table below shows the interest rates you need to know:

Note: The rates of interest listed above are as of 17 June 2025 and are subject to change at the discretion of the bank.

Compare: Home Loan Interest Rate all Banks

Canara Bank Home Loan EMI Calculator

The housing loan EMI amount is calculated based on the loan amount, loan tenure and lowest interest rate which is 7.45% p.a.

Check the monthly repayment amount of your home loan before applying by using the Home Loan EMI Calculator.

Canara Bank Home Loan Schemes

Canara Bank has a range of home loans to meet your requirements. 

1. Floating Interest rate: 7.50% p.a. to 10.25% p.a. Fixed Interest Rate - 8.75% p.a. to 11.00% p.a.
2. Processing fee: 0.50% (min. Rs.1,500 and max. Rs.10,000)
3. Specifically to buy sites sold by the State/Central governments, Town Planning departments,or any authorised govt organisation.
4. Additional housing finance can be taken for construction of house on the site
5. Repayment tenure of up to 10 years

1. Canara Mortgage
   1. Interest rate: 10.05% p.a. to 12.35% p.a.
   2. Processing fee: 0.50% (min. Rs.5,000)
   3. Can be availed by individuals for non-business purposes only to meet immediate financial needs.
   4. Maximum borrowing of Rs.10 crore
   5. Repayment tenure of up to 10 years

Note: These interest rates are applicable from 17 June 2025 and are subject to change at the bank's discretion.

Canara Bank Home Loan Eligibility Criteria

Check: Home Loan Eligiblity

Documents Required for Canara Bank Home Loan

Generally, when you apply for housing finance, you will be required to submit the below documents:

1. Identity proof (Any one)
   1. Valid passport
   2. PAN card
   3. Driving licence
   4. Voter's ID
   5. Aadhaar Card
2. Address proof (Any one)
   1. Aadhaar Card
   2. PAN Card
   3. Copy of utility bills
   4. Voter's ID
   5. Driving licence
   6. Valid passport
3. Income proof (Any one)
   1. Salaried individuals
      1. Salary/Employment Certificate
      2. Recent salary slips
      3. Latest Form No.16
   2. Self-employed individuals
      1. ITAO/IT Returns of the last 3 assessment years
      2. Letter about nature of business, type of organisation, year of establishment, etc.
      3. Last 3 years' Balance Sheet and P&L Account
4. Other documents
   1. 2 passport-sizes photos of the applicant/guarantor
   2. Filled application form
   3. Sale Deed
   4. Agreement for Sale
   5. Approved plan for the proposed construction/extension/addition (Duplicate copy)
   6. Detailed cost estimate/valuation report designed by Bank's Architect/Panel Chartered Engineer
   7. Allotment letter of Co-operative Housing Society/Apartment Owners' Association/Housing Board/NOC from the Society/Association/Builders/Housing Board
   8. Legal Scrutiny Report
   9. NIL Encumbrance Certificate (EC) for the past 13 years
   10. Property Tax paid receipt
   11. Khata Certificate, Khata Extract
   12. Permission for mortgage, wherever necessary
   13. Cost estimates and Proforma Invoices
   14. Lease Deed copy, if applicable
   15. Valuation Report of the property from Panel Valuer of the bank
5. Documents for NRIs
   1. Identity proof: Copy of the first 4 pages of passport and the page with visa stamp, OR IC/PIO card
   2. Work permit
   3. Short profile of the applicant and employer
   4. Employment contract copy
   5. Salary Certificate copy attested by Indian Embassy/Consulate/Employer.
   6. Copy of identity card from current employer
   7. Proof of income for self-employed businessmen and professionals
   8. Information about past employment
   9. Last 6 month's bank account passbook or statement
   10. Passbook or account statement of overseas bank with savings and salary details
   11. Residence proof: Driving licence/utility bills
   12. Continuous Discharge Certificate (CDC) copy - for merchant navy employees
   13. Original NOC under the Provisions of ULC Act

The bank may ask for some other documents based on the purpose for which the money is being borrowed. Check complete list of documents required for Home Loan

Canara Bank Pradhan Mantri Awas Yojana

The Pradhan Mantri Awas Yojana (PMAY), introduced in 2015 by the government, is aimed at providing affordable housing schemes to the economically-challenged section of the country. Canara Bank offers housing finance under PMAY to eligible applicants. You can get an interest rate subsidy for loans up to Rs.18 lakh. Read more about the government scheme.

Canara Bank Home Loan Eligibility Based on Credit Score

Canara Bank Home Loan Eligibility Based on Salary

A number of factors go in to checking the home loan eligibility of Canara Bank. The home loan eligibility calculator of Canara Bank helps you determine the approximate loan amount that you will be eligible for. This is dependent on the information that you provide.

You can use the Canara Bank home loan eligibility calculator to find out the loan amount that you will be eligible for. For the loan amounts listed in the table below, the loan repayment tenure is assumed to be 30 years and the rate of interest is assumed to be 6.90% p.a.

Canara Bank Home Loan Eligibility for Women

The eligibility criteria for women applicants are in line with the other borrowers. The women borrowers are, however, eligible for a special rate of interest for the loans that they avail under the Canara Bank Home Loan scheme. The rate of interest is 0.5% lower than the interest rates which applies for the other borrowers.

Note: The figures mentioned above are indicative and are based on certain assumptions. The figures are subject to change on the basis of other relevant factors such as the age of the applicant, etc.

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