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Canara Bank ₹20 lakh Home Loan EMI for 25 Years
At the advertised starting rate of 7.4%, the EMI is about ₹14,650 a month, with total interest of about ₹23,94,993.
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) | ₹14,650 | ₹23,94,993 | ₹43,94,993 |
| 7.9% | ₹15,304 | ₹25,91,221 | ₹45,91,221 |
| 8.4% | ₹15,970 | ₹27,90,996 | ₹47,90,996 |
| 8.9% | ₹16,647 | ₹29,94,155 | ₹49,94,155 |
| 9.4% | ₹17,335 | ₹32,00,533 | ₹52,00,533 |
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 | ₹28,762 | ₹1,47,037 | ₹1,75,800 | ₹19,71,238 |
| Year 2 | ₹30,964 | ₹1,44,835 | ₹1,75,800 | ₹19,40,273 |
| Year 3 | ₹33,335 | ₹1,42,465 | ₹1,75,800 | ₹19,06,938 |
| Year 4 | ₹35,887 | ₹1,39,912 | ₹1,75,800 | ₹18,71,051 |
| Year 5 | ₹38,635 | ₹1,37,165 | ₹1,75,800 | ₹18,32,416 |
| Year 6 | ₹41,593 | ₹1,34,207 | ₹1,75,800 | ₹17,90,823 |
| Year 7 | ₹44,777 | ₹1,31,022 | ₹1,75,800 | ₹17,46,046 |
| Year 8 | ₹48,206 | ₹1,27,594 | ₹1,75,800 | ₹16,97,841 |
| Year 9 | ₹51,896 | ₹1,23,904 | ₹1,75,800 | ₹16,45,944 |
| Year 10 | ₹55,870 | ₹1,19,930 | ₹1,75,800 | ₹15,90,075 |
| Year 11 | ₹60,147 | ₹1,15,653 | ₹1,75,800 | ₹15,29,928 |
| Year 12 | ₹64,752 | ₹1,11,048 | ₹1,75,800 | ₹14,65,176 |
| Year 13 | ₹69,710 | ₹1,06,090 | ₹1,75,800 | ₹13,95,466 |
| Year 14 | ₹75,047 | ₹1,00,753 | ₹1,75,800 | ₹13,20,420 |
| Year 15 | ₹80,792 | ₹95,007 | ₹1,75,800 | ₹12,39,627 |
| Year 16 | ₹86,978 | ₹88,822 | ₹1,75,800 | ₹11,52,649 |
| Year 17 | ₹93,637 | ₹82,162 | ₹1,75,800 | ₹10,59,012 |
| Year 18 | ₹1,00,806 | ₹74,993 | ₹1,75,800 | ₹9,58,206 |
| Year 19 | ₹1,08,524 | ₹67,275 | ₹1,75,800 | ₹8,49,681 |
| Year 20 | ₹1,16,833 | ₹58,967 | ₹1,75,800 | ₹7,32,848 |
| Year 21 | ₹1,25,778 | ₹50,022 | ₹1,75,800 | ₹6,07,070 |
| Year 22 | ₹1,35,408 | ₹40,392 | ₹1,75,800 | ₹4,71,662 |
| Year 23 | ₹1,45,775 | ₹30,025 | ₹1,75,800 | ₹3,25,887 |
| Year 24 | ₹1,56,936 | ₹18,864 | ₹1,75,800 | ₹1,68,951 |
| Year 25 | ₹1,68,951 | ₹6,848 | ₹1,75,800 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh Canara Bank home loan for 25 years?
At Canara Bank's starting rate of 7.4% the EMI is about ₹14,650 a month. If your offered rate is 8.4% it would be about ₹15,970.
How much total interest will I pay?
At 7.4% the total interest over 25 years is about ₹23,94,993, so you repay about ₹43,94,993 in all.