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Canara Bank ₹50 lakh Home Loan EMI for 15 Years
At the advertised starting rate of 7.4%, the EMI is about ₹46,067 a month, with total interest of about ₹32,92,050.
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) | ₹46,067 | ₹32,92,050 | ₹82,92,050 |
| 7.9% | ₹47,494 | ₹35,48,993 | ₹85,48,993 |
| 8.4% | ₹48,944 | ₹38,09,980 | ₹88,09,980 |
| 8.9% | ₹50,416 | ₹40,74,938 | ₹90,74,938 |
| 9.4% | ₹51,910 | ₹43,43,791 | ₹93,43,791 |
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 | ₹1,89,133 | ₹3,63,671 | ₹5,52,803 | ₹48,10,867 |
| Year 2 | ₹2,03,613 | ₹3,49,190 | ₹5,52,803 | ₹46,07,254 |
| Year 3 | ₹2,19,202 | ₹3,33,601 | ₹5,52,803 | ₹43,88,052 |
| Year 4 | ₹2,35,985 | ₹3,16,819 | ₹5,52,803 | ₹41,52,068 |
| Year 5 | ₹2,54,052 | ₹2,98,751 | ₹5,52,803 | ₹38,98,016 |
| Year 6 | ₹2,73,503 | ₹2,79,300 | ₹5,52,803 | ₹36,24,513 |
| Year 7 | ₹2,94,443 | ₹2,58,360 | ₹5,52,803 | ₹33,30,070 |
| Year 8 | ₹3,16,986 | ₹2,35,817 | ₹5,52,803 | ₹30,13,084 |
| Year 9 | ₹3,41,255 | ₹2,11,548 | ₹5,52,803 | ₹26,71,828 |
| Year 10 | ₹3,67,382 | ₹1,85,421 | ₹5,52,803 | ₹23,04,446 |
| Year 11 | ₹3,95,510 | ₹1,57,293 | ₹5,52,803 | ₹19,08,936 |
| Year 12 | ₹4,25,791 | ₹1,27,012 | ₹5,52,803 | ₹14,83,145 |
| Year 13 | ₹4,58,391 | ₹94,413 | ₹5,52,803 | ₹10,24,754 |
| Year 14 | ₹4,93,486 | ₹59,317 | ₹5,52,803 | ₹5,31,268 |
| Year 15 | ₹5,31,268 | ₹21,535 | ₹5,52,803 | ₹0 |
Frequently asked questions
What is the EMI for a ₹50 lakh Canara Bank home loan for 15 years?
At Canara Bank's starting rate of 7.4% the EMI is about ₹46,067 a month. If your offered rate is 8.4% it would be about ₹48,944.
How much total interest will I pay?
At 7.4% the total interest over 15 years is about ₹32,92,050, so you repay about ₹82,92,050 in all.