Calculate your Canara Bank home loan EMI.
Use this calculator with Canara Bank's typical rate range. See your EMI, the principal-versus-interest split, and the tax-adjusted effective cost. Independent of Canara Bank — we don't sell loans or pass your details to anyone.
What this loan really looks like
The lifetime split is only part of the story. These show how the principal/interest mix shifts year by year, how slowly the balance falls, and the month your payment finally tips toward principal.
About Canara Bank home loans
Canara Bank is a major public-sector lender with widely-distributed home loan branches across India. Canara Housing Loan supports both salaried and self-employed borrowers with EBLR-linked rates that reset monthly.
Canara Bank home loan at a glance
| Typical rate range | 8.40% to 11.25% |
|---|---|
| Maximum tenure | 30 years |
| Maximum loan amount | up to ₹15 crore based on income and property value; LTV up to 90% for loans up to ₹30 lakh |
| Eligibility (age) | salaried minimum age 21, maximum age at loan maturity 70; minimum income varies by location and loan amount |
| Processing fee | 0.50% of loan amount (minimum ₹1,500) + GST |
Canara Bank home loan highlights
- Canara Mortgage Loan available against existing residential property
- Concessional rate for women borrowers and senior citizens
- Pre-approved home loan for existing salary account holders
- Insurance bundle (life + property) available at preferential rates
- Mobile and internet banking integration for EMI tracking and statements
Disclaimer: indiaemi.com is not affiliated with Canara Bank. The rate ranges, eligibility criteria, and other figures shown here are based on publicly available information and may change without notice. Always confirm current rates and terms directly with Canara Bank before making any loan decision.
Tax benefits apply equally — regardless of which bank
The Income Tax Act sections (24(b) and 80C) apply to all home loans from approved Indian banks and housing finance companies, under the old regime. (Section 80EEA is closed — it covered only loans sanctioned between 1 April 2019 and 31 March 2022.) — Canara Bank loans are no exception. The calculator above incorporates these benefits automatically. For more on home loan tax benefits, see our how EMI works and glossary pages.
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Sources & standards
Every regulated figure on this page, what it is, and the primary source it comes from. Two Acts are live: the Income-tax Act, 1961 governs FY 2025-26 — the return being filed now — while the Income-tax Act, 2025 governs FY 2026-27 onward. The amounts are unchanged; only the section numbers moved.
| What | Current value | Source | Verified |
|---|---|---|---|
| Interest deduction cap — self-occupied property | ₹2,00,000/yr | Income-tax Act, 1961 — s.24(b) (FY 2025-26 & earlier) Income-tax Act, 2025 — s.22(1)(b) & (c); cap in s.22(2) (in force 1 Apr 2026) | 2026-07 |
| Principal repayment deduction cap (shared with EPF, PPF, ELSS, insurance) | ₹1,50,000/yr | Income-tax Act, 1961 — s.80C (FY 2025-26 & earlier) Income-tax Act, 2025 — s.123, read with Schedule XV (in force 1 Apr 2026) | 2026-07 |
| Additional interest deduction — first-time buyers (CLOSED) closed | ₹1,50,000/yr window 2019-04-01 → 2022-03-31 | Income-tax Act, 1961 — s.80EEA (FY 2025-26 & earlier) Income-tax Act, 2025 — s.131 (in force 1 Apr 2026) | 2026-07 |
| Optional regime — retains deductions at higher slab rates | std deduction ₹50,000 4 slabs, top rate 30% | 2026-07 | |
| Loan-to-Value ceilings — individual housing loans | 90% — up to ₹30,00,000 80% — up to ₹75,00,000 75% — above ₹75,00,000 | RBI (Commercial Banks — Credit Facilities) Directions, 2025, para 111 | 2026-07 |
| RBI policy repo rate and typical home-loan EBLR spread | repo 5.25% EBLR spread 2.25–3.5% | RBI Monetary Policy Committee | 2026-07 |
Not tax or legal advice. See every standard this site uses →