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Canara Bank ₹1 crore Home Loan EMI for 20 Years
At the advertised starting rate of 7.4%, the EMI is about ₹79,949 a month, with total interest of about ₹91,87,751.
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) | ₹79,949 | ₹91,87,751 | ₹1,91,87,751 |
| 7.9% | ₹83,023 | ₹99,25,454 | ₹1,99,25,454 |
| 8.4% | ₹86,150 | ₹1,06,76,108 | ₹2,06,76,108 |
| 8.9% | ₹89,330 | ₹1,14,39,312 | ₹2,14,39,312 |
| 9.4% | ₹92,561 | ₹1,22,14,658 | ₹2,22,14,658 |
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 | ₹2,26,984 | ₹7,32,404 | ₹9,59,388 | ₹97,73,016 |
| Year 2 | ₹2,44,362 | ₹7,15,026 | ₹9,59,388 | ₹95,28,655 |
| Year 3 | ₹2,63,071 | ₹6,96,317 | ₹9,59,388 | ₹92,65,584 |
| Year 4 | ₹2,83,212 | ₹6,76,176 | ₹9,59,388 | ₹89,82,372 |
| Year 5 | ₹3,04,895 | ₹6,54,492 | ₹9,59,388 | ₹86,77,477 |
| Year 6 | ₹3,28,239 | ₹6,31,149 | ₹9,59,388 | ₹83,49,238 |
| Year 7 | ₹3,53,369 | ₹6,06,018 | ₹9,59,388 | ₹79,95,868 |
| Year 8 | ₹3,80,424 | ₹5,78,963 | ₹9,59,388 | ₹76,15,444 |
| Year 9 | ₹4,09,550 | ₹5,49,837 | ₹9,59,388 | ₹72,05,894 |
| Year 10 | ₹4,40,906 | ₹5,18,481 | ₹9,59,388 | ₹67,64,988 |
| Year 11 | ₹4,74,663 | ₹4,84,725 | ₹9,59,388 | ₹62,90,325 |
| Year 12 | ₹5,11,004 | ₹4,48,383 | ₹9,59,388 | ₹57,79,320 |
| Year 13 | ₹5,50,128 | ₹4,09,260 | ₹9,59,388 | ₹52,29,193 |
| Year 14 | ₹5,92,247 | ₹3,67,141 | ₹9,59,388 | ₹46,36,946 |
| Year 15 | ₹6,37,590 | ₹3,21,797 | ₹9,59,388 | ₹39,99,355 |
| Year 16 | ₹6,86,406 | ₹2,72,982 | ₹9,59,388 | ₹33,12,949 |
| Year 17 | ₹7,38,958 | ₹2,20,429 | ₹9,59,388 | ₹25,73,991 |
| Year 18 | ₹7,95,535 | ₹1,63,853 | ₹9,59,388 | ₹17,78,456 |
| Year 19 | ₹8,56,443 | ₹1,02,945 | ₹9,59,388 | ₹9,22,014 |
| Year 20 | ₹9,22,014 | ₹37,374 | ₹9,59,388 | ₹0 |
Frequently asked questions
What is the EMI for a ₹1 crore Canara Bank home loan for 20 years?
At Canara Bank's starting rate of 7.4% the EMI is about ₹79,949 a month. If your offered rate is 8.4% it would be about ₹86,150.
How much total interest will I pay?
At 7.4% the total interest over 20 years is about ₹91,87,751, so you repay about ₹1,91,87,751 in all.