Canara Bank offers home loans at attractive interest rates starting from 8.55% p.a., with loan tenures of up to 30 years and financing available for up to 90% of the property’s value. These loans cater to individuals seeking to purchase, construct, or renovate residential properties. Canara Bank also provides a home loan balance transfer facility for borrowers looking to switch from other lenders, along with a top-up loan option for existing customers.

Special benefits are available for women borrowers and government employees. The bank ensures flexible repayment options and personalized loan solutions to meet the needs of both salaried and self-employed applicants.

Canara Bank Home Loan Highlights
Particulars	Details
Interest Rate	Floating Rates: 8.40%-11.25% p.a.Fixed Rates: 9.75%-12% p.a.
Loan Amount	Depending on the applicant’s profile
Tenure	Up to 30 years
Processing Charges	NIL

Types of Home Loans

Type of Home Loan	Purpose	LTV Ratio	Tenure	Special Features
Canara Home Loan	Purchase/Construction/Renovation	Up to 90%	Up to 30 years	– Flexible repayment options – Tax benefits under Section 24(b) and Section 80C of the Income Tax Act
Canara Home Loan Plus	Purchase/Construction/Renovation	Up to95%	Up to 15 years	– Top-up facility available – Higher loan limits – Quick processing
Canara Home Loan for NRIs	Purchase/Construction/Renovation	Up to 80%	Up to 30 years	– Loan in INR – Repatriation of funds – Flexible EMI options
Canara Home Loan for Women	Purchase/Construction/Renovation	Up to 90%	Up to 30 years	– Lower interest rates – Exclusive benefits for women borrowers
Canara Pradhan Mantri Awas Yojana (PMAY)	Purchase/Construction/Renovation	Up to 90%	Up to 15 years	– Interest subsidy – Available for Economically Weaker Sections (EWS) and Lower Income Groups (LIG)
Canara Home Loan for Senior Citizens	Purchase/Construction/Renovation	Up to 80%	Up to 30 years	– Special interest rates – Customized repayment options

Why Choose Canara Bank Home Loan?

Canara Bank Home Loan Features & Benefits

Best ROI in the industry
For women beneficiaries 0.05% less than normal rate
Speedy Sanction
No prepayment charges
No hidden charges
Interest calculated on daily reducing balance
Longer Repayment tenor

Canara Bank Home Loan Interest Rate

Customer Type	Effective Rate Of Interest
For Salaried	8.75% to 9.25%
For Self-employed	9.00% to 9.50%

HDFC Bank Processing Fee and Charges

Category	Charges
Processing Fee for Home Loan	Up to 0.50% of the loan amount or ₹3,000 (whichever is higher) + applicable taxes
Processing Fee for Personal Loan	Up to 2.50% of the loan amount + applicable taxes
Processing Fee for Car Loan	Up to 0.40% of the loan amount (Min ₹3,500 and Max ₹10,000) + applicable taxes
Processing Fee for Education Loan	Up to 1% of the loan amount + applicable taxes
Processing Fee for Business Loan	Up to 2% of the loan amount + applicable taxes
Charges for Prepayment/Foreclosure	Up to 4% of the outstanding principal + applicable taxes
Late Payment Charges	2% per month on the overdue amount (Min ₹200)
Cheque Bounce Charges	₹500 per instance
Loan Account Statement Charges	₹200 per statement + applicable taxes
Loan Cancellation Charges	₹1,000 + applicable taxes (Applicable only if the loan is not disbursed)
Document Retrieval Charges	₹500 per document + applicable taxes
Legal/Valuation Charges	As applicable (depends on third-party services)

Eligibility Criteria for Canara Bank Home Loan

Requirements	Salaried	Self-Employed
Residency	Indian/NRI/PIO	Indian/NRI/PIO
Age	30 – 75 years	30 – 75 years
Minimum Income	25,000 per month	25,000per annum
Maximum Age at Final Repayment	65 years	65 years

Documents Required for Canara Bank Home Loan

Documents	Salaried Individuals	Self-Employed Professionals	Self Employed Non Professional
Proof of Identity	✔	✔	✔
Address Proof	✔	✔	✔
Age Proof	✔	✔	✔
Passport-sized Photographs	✔	✔	✔
Last 3 month’s Salary Slips	✔	✖	✖
Last 6 months’ Bank Statements, showing salary credits	✔	✖	✖
Latest Form-16 and IT returns	✔	✖	✖
Past 2 years ITRs	✖	✔	✔
Last 2 years’ Balance Sheet and P&L A/c Statements	✖	✔	✔
Last 12 months’ Savings Account Statements of individual	✖	✔	✔
Own Contribution Proof	✔	✔	✔
Employment Contract	✔	✖	✖
Last 6 months’ Bank Statements	✔	✔	✔
Passport size photograph	✔	✔	✔
Cheque for processing fee favouring HDFC Bank	✖	✔	✔
Business Profile	✖	✔	✔
Latest Form 26 AS	✖	✔	✔
Details of ongoing loans of the individual and the business entity	✖	✔	✔

Duly filled application form with 2 passport size photos of applicant / guarantor
Copy of the approved plan for the proposed construction / extension / addition
Detailed cost estimate / valuation report from Banks Panel Chartered Engineer / Architect
Agreement for Sale
Sale Deed
Allotment letter of Co-operative Housing Society / Apartment Owners Association / Housing Board / NOC from the Society / Association / Builders / Housing Board
Salary Certificate and Form No.16 (in case of salaried persons)
IT Returns filed for the past three assessment years (in case of non-salaried persons)
A brief note on the nature of business, year of establishment, type of organization, etc., (in case of self-employed)
Legal Scrutiny Report, EC for the past 13 years, Property Tax paid receipt, Khata and permission for mortgage, wherever necessary
Balance Sheet and P&L Account for the past three years (in case of self-employed)

How to Apply for a Home Loan at the Canara Bank?

You can apply in two ways:

Through the official Canara Bank Ltd. portal by filling out the application form and tracking the application status online.
Contact Us at +91 636909 5433 or Visit Grow Associates for more convenient option

Canara Bank Home Loan Interest Rates vs Other Banks & HFCs

Bank	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
Canara Bank	8.85% – 9.35%	8.95% – 9.45%	9.05% – 9.55%
SBI Bank	8.5% p.a. onwards	8.5% p.a. onwards	8.5% p.a. onwards
HDFC Bank	8.7% p.a. onwards	8.7% p.a. onwards	8.7% p.a. onwards
ICICI Bank	8.85% p.a. onwards	8.85% p.a. onwards	8.85% p.a. onwards
Kotak Mahindra Bank	8.70% p.a. onwards	8.70% p.a. onwards	8.70% p.a. onwards
Punjab National Bank	8.40% – 12.10% p.a.	8.40% – 12.10% p.a.	8.40% – 12.10% p.a.
Bajaj Housing Finance	8.50% p.a. onwards	8.50% p.a. onwards	8.50% p.a. onwards
Axis Bank	8.75%-13.30% p.a.	8.75%-13.30% p.a.	8.75%-9.65% p.a.
Bank of India	8.4% p.a onwards	8.4% p.a onwards	8.4% p.a onwards
TATA Capital	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards

Other Canara Bank Loans

Canara Bank Personal Loan

Canara Bank Business Loan

Canara Bank Mortgage Loan

Canara Bank Home Loan