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Canara Bank Home Loan Interest Rate November 2026
Canara Bank advertises home loan rates starting from 7.4% per annum. For ₹50 lakh over 20 years that is an EMI of about ₹39,974 a month.
Source: Canara Bank official page, checked on November 2026 (2026-11-01).
| Starting interest rate | 7.4% per annum |
| Applies to | Floor rate: women borrowers in the best credit grade, loans above ₹1 crore |
| Effective from | 2026-10-09 |
| Processing fee | 0.50% of the loan (min ₹1,500, max ₹10,000) + GST; waived 01.10.2026 to 31.12.2026 |
| Prepayment | No prepayment penalty |
| Maximum tenure | 30 years |
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Prepayment options (optional): pay extra to finish sooner
EMI for popular amounts
₹20 lakh for 15 years₹20 lakh for 20 years₹20 lakh for 25 years₹30 lakh for 15 years₹30 lakh for 20 years₹30 lakh for 25 years₹50 lakh for 15 years₹50 lakh for 20 years₹50 lakh for 25 years₹75 lakh for 15 years₹75 lakh for 20 years₹75 lakh for 25 years₹1 crore for 15 years₹1 crore for 20 years₹1 crore for 25 years
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Frequently asked questions
What is the Canara Bank home loan interest rate?
Canara Bank's website advertises home loan rates starting from 7.4% per annum (checked 2026-11-01). The rate you get depends on your credit score, income and loan amount.
What is the EMI on a ₹50 lakh home loan from Canara Bank?
At the starting rate of 7.4% over 20 years the EMI is about ₹39,974 a month, with total interest of about ₹45,93,875. A higher personal rate would raise this.
What is the processing fee for a Canara Bank home loan?
Canara Bank states: 0.50% of the loan (min ₹1,500, max ₹10,000) + GST; waived 01.10.2026 to 31.12.2026.
Does Canara Bank charge prepayment charges on a home loan?
No prepayment penalty. Terms can differ between floating and fixed rates, so confirm with the bank.