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Canara Bank ₹75 lakh Home Loan EMI for 15 Years
At the advertised starting rate of 7.4%, the EMI is about ₹69,100 a month, with total interest of about ₹49,38,074.
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) | ₹69,100 | ₹49,38,074 | ₹1,24,38,074 |
| 7.9% | ₹71,242 | ₹53,23,489 | ₹1,28,23,489 |
| 8.4% | ₹73,416 | ₹57,14,970 | ₹1,32,14,970 |
| 8.9% | ₹75,624 | ₹61,12,407 | ₹1,36,12,407 |
| 9.4% | ₹77,865 | ₹65,15,686 | ₹1,40,15,686 |
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 | ₹2,83,699 | ₹5,45,506 | ₹8,29,205 | ₹72,16,301 |
| Year 2 | ₹3,05,420 | ₹5,23,785 | ₹8,29,205 | ₹69,10,882 |
| Year 3 | ₹3,28,803 | ₹5,00,402 | ₹8,29,205 | ₹65,82,078 |
| Year 4 | ₹3,53,977 | ₹4,75,228 | ₹8,29,205 | ₹62,28,101 |
| Year 5 | ₹3,81,078 | ₹4,48,127 | ₹8,29,205 | ₹58,47,023 |
| Year 6 | ₹4,10,254 | ₹4,18,951 | ₹8,29,205 | ₹54,36,769 |
| Year 7 | ₹4,41,664 | ₹3,87,541 | ₹8,29,205 | ₹49,95,105 |
| Year 8 | ₹4,75,479 | ₹3,53,726 | ₹8,29,205 | ₹45,19,625 |
| Year 9 | ₹5,11,883 | ₹3,17,322 | ₹8,29,205 | ₹40,07,743 |
| Year 10 | ₹5,51,074 | ₹2,78,131 | ₹8,29,205 | ₹34,56,669 |
| Year 11 | ₹5,93,265 | ₹2,35,940 | ₹8,29,205 | ₹28,63,404 |
| Year 12 | ₹6,38,687 | ₹1,90,518 | ₹8,29,205 | ₹22,24,717 |
| Year 13 | ₹6,87,586 | ₹1,41,619 | ₹8,29,205 | ₹15,37,131 |
| Year 14 | ₹7,40,229 | ₹88,976 | ₹8,29,205 | ₹7,96,902 |
| Year 15 | ₹7,96,902 | ₹32,302 | ₹8,29,205 | ₹0 |
Frequently asked questions
What is the EMI for a ₹75 lakh Canara Bank home loan for 15 years?
At Canara Bank's starting rate of 7.4% the EMI is about ₹69,100 a month. If your offered rate is 8.4% it would be about ₹73,416.
How much total interest will I pay?
At 7.4% the total interest over 15 years is about ₹49,38,074, so you repay about ₹1,24,38,074 in all.