Home › Home Loan › Canara Bank › ₹20 lakh for 20 years
Canara Bank ₹20 lakh Home Loan EMI for 20 Years
At the advertised starting rate of 7.4%, the EMI is about ₹15,990 a month, with total interest of about ₹18,37,550.
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) | ₹15,990 | ₹18,37,550 | ₹38,37,550 |
| 7.9% | ₹16,605 | ₹19,85,091 | ₹39,85,091 |
| 8.4% | ₹17,230 | ₹21,35,222 | ₹41,35,222 |
| 8.9% | ₹17,866 | ₹22,87,862 | ₹42,87,862 |
| 9.4% | ₹18,512 | ₹24,42,932 | ₹44,42,932 |
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 | ₹45,397 | ₹1,46,481 | ₹1,91,878 | ₹19,54,603 |
| Year 2 | ₹48,872 | ₹1,43,005 | ₹1,91,878 | ₹19,05,731 |
| Year 3 | ₹52,614 | ₹1,39,263 | ₹1,91,878 | ₹18,53,117 |
| Year 4 | ₹56,642 | ₹1,35,235 | ₹1,91,878 | ₹17,96,474 |
| Year 5 | ₹60,979 | ₹1,30,898 | ₹1,91,878 | ₹17,35,495 |
| Year 6 | ₹65,648 | ₹1,26,230 | ₹1,91,878 | ₹16,69,848 |
| Year 7 | ₹70,674 | ₹1,21,204 | ₹1,91,878 | ₹15,99,174 |
| Year 8 | ₹76,085 | ₹1,15,793 | ₹1,91,878 | ₹15,23,089 |
| Year 9 | ₹81,910 | ₹1,09,967 | ₹1,91,878 | ₹14,41,179 |
| Year 10 | ₹88,181 | ₹1,03,696 | ₹1,91,878 | ₹13,52,998 |
| Year 11 | ₹94,933 | ₹96,945 | ₹1,91,878 | ₹12,58,065 |
| Year 12 | ₹1,02,201 | ₹89,677 | ₹1,91,878 | ₹11,55,864 |
| Year 13 | ₹1,10,026 | ₹81,852 | ₹1,91,878 | ₹10,45,839 |
| Year 14 | ₹1,18,449 | ₹73,428 | ₹1,91,878 | ₹9,27,389 |
| Year 15 | ₹1,27,518 | ₹64,359 | ₹1,91,878 | ₹7,99,871 |
| Year 16 | ₹1,37,281 | ₹54,596 | ₹1,91,878 | ₹6,62,590 |
| Year 17 | ₹1,47,792 | ₹44,086 | ₹1,91,878 | ₹5,14,798 |
| Year 18 | ₹1,59,107 | ₹32,771 | ₹1,91,878 | ₹3,55,691 |
| Year 19 | ₹1,71,289 | ₹20,589 | ₹1,91,878 | ₹1,84,403 |
| Year 20 | ₹1,84,403 | ₹7,475 | ₹1,91,878 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh Canara Bank home loan for 20 years?
At Canara Bank's starting rate of 7.4% the EMI is about ₹15,990 a month. If your offered rate is 8.4% it would be about ₹17,230.
How much total interest will I pay?
At 7.4% the total interest over 20 years is about ₹18,37,550, so you repay about ₹38,37,550 in all.