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Canara Bank ₹20 lakh Home Loan EMI for 15 Years
At the advertised starting rate of 7.4%, the EMI is about ₹18,427 a month, with total interest of about ₹13,16,820.
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) | ₹18,427 | ₹13,16,820 | ₹33,16,820 |
| 7.9% | ₹18,998 | ₹14,19,597 | ₹34,19,597 |
| 8.4% | ₹19,578 | ₹15,23,992 | ₹35,23,992 |
| 8.9% | ₹20,167 | ₹16,29,975 | ₹36,29,975 |
| 9.4% | ₹20,764 | ₹17,37,516 | ₹37,37,516 |
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 | ₹75,653 | ₹1,45,468 | ₹2,21,121 | ₹19,24,347 |
| Year 2 | ₹81,445 | ₹1,39,676 | ₹2,21,121 | ₹18,42,902 |
| Year 3 | ₹87,681 | ₹1,33,440 | ₹2,21,121 | ₹17,55,221 |
| Year 4 | ₹94,394 | ₹1,26,727 | ₹2,21,121 | ₹16,60,827 |
| Year 5 | ₹1,01,621 | ₹1,19,500 | ₹2,21,121 | ₹15,59,206 |
| Year 6 | ₹1,09,401 | ₹1,11,720 | ₹2,21,121 | ₹14,49,805 |
| Year 7 | ₹1,17,777 | ₹1,03,344 | ₹2,21,121 | ₹13,32,028 |
| Year 8 | ₹1,26,794 | ₹94,327 | ₹2,21,121 | ₹12,05,233 |
| Year 9 | ₹1,36,502 | ₹84,619 | ₹2,21,121 | ₹10,68,731 |
| Year 10 | ₹1,46,953 | ₹74,168 | ₹2,21,121 | ₹9,21,778 |
| Year 11 | ₹1,58,204 | ₹62,917 | ₹2,21,121 | ₹7,63,574 |
| Year 12 | ₹1,70,316 | ₹50,805 | ₹2,21,121 | ₹5,93,258 |
| Year 13 | ₹1,83,356 | ₹37,765 | ₹2,21,121 | ₹4,09,902 |
| Year 14 | ₹1,97,394 | ₹23,727 | ₹2,21,121 | ₹2,12,507 |
| Year 15 | ₹2,12,507 | ₹8,614 | ₹2,21,121 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh Canara Bank home loan for 15 years?
At Canara Bank's starting rate of 7.4% the EMI is about ₹18,427 a month. If your offered rate is 8.4% it would be about ₹19,578.
How much total interest will I pay?
At 7.4% the total interest over 15 years is about ₹13,16,820, so you repay about ₹33,16,820 in all.