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Canara Bank ₹1 crore Home Loan EMI for 15 Years
At the advertised starting rate of 7.4%, the EMI is about ₹92,134 a month, with total interest of about ₹65,84,099.
Source: Canara Bank official page, checked on November 2026 (2026-11-01).
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 at higher rates
| Rate | EMI | Total interest | Total payment |
|---|---|---|---|
| 7.4% (starting) | ₹92,134 | ₹65,84,099 | ₹1,65,84,099 |
| 7.9% | ₹94,989 | ₹70,97,985 | ₹1,70,97,985 |
| 8.4% | ₹97,889 | ₹76,19,959 | ₹1,76,19,959 |
| 8.9% | ₹1,00,833 | ₹81,49,876 | ₹1,81,49,876 |
| 9.4% | ₹1,03,820 | ₹86,87,582 | ₹1,86,87,582 |
Year-by-year repayment schedule at 7.4%
How much of each year's payments goes to principal and to interest, and what you still owe at the end of the year. Use the calculator above for a month-by-month view and prepayment options.
| Year | Principal | Interest | Paid | Balance left |
|---|---|---|---|---|
| Year 1 | ₹3,78,265 | ₹7,27,341 | ₹11,05,607 | ₹96,21,735 |
| Year 2 | ₹4,07,226 | ₹6,98,381 | ₹11,05,607 | ₹92,14,509 |
| Year 3 | ₹4,38,404 | ₹6,67,202 | ₹11,05,607 | ₹87,76,105 |
| Year 4 | ₹4,71,969 | ₹6,33,637 | ₹11,05,607 | ₹83,04,135 |
| Year 5 | ₹5,08,104 | ₹5,97,502 | ₹11,05,607 | ₹77,96,031 |
| Year 6 | ₹5,47,006 | ₹5,58,601 | ₹11,05,607 | ₹72,49,025 |
| Year 7 | ₹5,88,886 | ₹5,16,721 | ₹11,05,607 | ₹66,60,139 |
| Year 8 | ₹6,33,972 | ₹4,71,634 | ₹11,05,607 | ₹60,26,167 |
| Year 9 | ₹6,82,510 | ₹4,23,096 | ₹11,05,607 | ₹53,43,657 |
| Year 10 | ₹7,34,765 | ₹3,70,842 | ₹11,05,607 | ₹46,08,892 |
| Year 11 | ₹7,91,020 | ₹3,14,587 | ₹11,05,607 | ₹38,17,872 |
| Year 12 | ₹8,51,582 | ₹2,54,024 | ₹11,05,607 | ₹29,66,290 |
| Year 13 | ₹9,16,781 | ₹1,88,825 | ₹11,05,607 | ₹20,49,509 |
| Year 14 | ₹9,86,972 | ₹1,18,635 | ₹11,05,607 | ₹10,62,537 |
| Year 15 | ₹10,62,537 | ₹43,070 | ₹11,05,607 | ₹0 |
Frequently asked questions
What is the EMI for a ₹1 crore Canara Bank home loan for 15 years?
At Canara Bank's starting rate of 7.4% the EMI is about ₹92,134 a month. If your offered rate is 8.4% it would be about ₹97,889.
How much total interest will I pay?
At 7.4% the total interest over 15 years is about ₹65,84,099, so you repay about ₹1,65,84,099 in all.