Canara Bank Home Loan, Interest Rate and EMI Calculator May 2019


(Updated on 09.05.2019) Canara Bank Home Loan EMI Calculator May 2019 provide a simple tool to calculate your Home Loan EMI on the basis of ✓ Interest Rate ✓ Loan Tenure & Processing Fee.

Canara Bank offers home loans for the purpose of construction/ purchase/repairs / additions/renovations of residential house / flat including the purchase of land and construction thereon.

Canara Bank Home Loans Interest Rates

Housing Loan

Quantum Of Loan

Rate of Interest (%)

Housing Loans to Agriculturists, Housing Loan to NRIs, Yuva Awas Rin, Housing Loan HNIs Housing Loan to Senior Citizens (Maximum permissible amount Rs.75 Lacs) Pradhan Mantri Awas Yojana (maximum permissible amount Rs.24 Lacs)

Up to Rs. 75 lakhs.

Above Rs.75 lakhs

8.85% for women, 8.90% for others

8.90% for women,

8.95% for others

(3rd and subsequent dwelling unit)

Up to Rs. 75 lakhs.

Above Rs.75 lakhs

9.35% for women,

9.40% for others

9.40% for women

9.45% for others

Canara Home Loan Plus

Term Loan

Over Draft

1 Year MCLR+2.80 – 11.50% 

1 Year MCLR+ 3.30 – 12.00%

Canara Site, Canara Cash

1 Year MCLR+1% – 9.70%

Home Improvement Loan




Professional Details
Loan Amount
Yearly Income
Disclaimer: We do not provide Home Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

Canara Bank Home Loan

Canara Bank offers home loan at a competitive interest rate and provides to its customers lots of exciting features like home loan balance transfer from private sector banks or public sector banks and Non Banking Financial Company, no prepayment charges, minimal documentation as well as quick processing. Canara bank finances up to the sum of 4 year’s gross salary for salaried individuals or the sum of 4 year’s gross annual income for self-employed individuals or loans up to 5 year’s gross salary or Rs.15.00 lakhs for repairs or renovations.

Canara Bank Home Loan Features

  • Purchase of a ready-made house or flat.

  • Construction of house or flat.

  • Purchase of a site and construction of a house.

  • Undertaking repairs, renovation, up-gradation, creation of additional amenities with a ceiling of Rs. 15.00 Lakhs in case of repairs & renovations.

  • Acquiring second house or flat where the borrower is already having a house or flat with or without a loan.

Canara Bank Pradhan Mantri Awas Yojna

Canara Bank being one of the largest public sector banks in India provides a home loan in compliance with Pradhan Mantri Awas Yojana. The bank provides a home loan at comfortable interest rates with minimum processing fee and at flexible home loan tenure.

Avail Canara Bank personal loan at the most competitive interest rates to meet any personal financial requirement such as debt consolidation, funding marriage, medical expenditures, child education, holiday trip expenses, and other genuine expenses.

 Canara Bank Home Loan Eligibility Criteria

  • If an applicant is a salaried individual then he or she should be confirmed in the service with minimum service of 3 years.

  • Applicants who are self – employed, should have been in the business or profession for a minimum period of 3 years.

  • A guardian can be appointed on behalf of a minor, by declaring the date of Birth of the minor.

  • At the time of availing the loan, the age of the borrowers should not be more than 55 years.

Canara Bank Home Loan Documents Required

  • Application form with photograph duly signed needs to be submitted.

  • A copy of the approved plan for the proposed construction or extension.

  • A detailed cost estimate or valuation report from Bank’s panel Chartered Engineer or Architect.

  • Sale deeds and agreement for sale is needed to apply for Canara bank home loan.

  • In case of a salaried individual, salary certificate and Form No. 16 needs to be submitted.

  • If the applicant is non-salaried person, IT Returns filed for the past two years.

  • Self-employed applicants should submit the balance sheet and Profit and Loss Account for the past three years.

  • Allotment letter of Co-operative Housing Society /Apartment Owners’ Association / Housing Board / NOC from the Society / Association / Builders / Housing Board.

Canara Bank Home Loan EMI Calculator

 Canara Bank Home Loan EMI Calculator

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Canara Bank Home Loan FAQs

Who can avail housing loan?
Following categories of individuals, in the age group of 18 to 55 years are eligible for housing loans:
a. Salaried individuals confirmed in the service with minimum service of 3 years.
b. Individuals engaged in business & self-employed persons like, doctors, chartered accountants,
architects and others. Such persons should have been in the business for a minimum period of 3 years. Eligibility relating to upper age limit is relaxed selectively, subject to certain conditions. However, entire loan should be cleared before the borrower attains the age of 70 years.

What are the purposes for which housing loan is sanctioned?
For purchase of ready built house / flat
For construction of house / flat
For purchase of site and construction of a house thereon
For undertaking expansion of existing unit, up gradation and creation of additional amenities
For undertaking repairs and renovations, subject to ceiling of Rs.15.00 lakhs
For taking over of the HL liability from other Public Sector Banks/Private Banks and NBFCs.

Whether Housing Loan is sanctioned for purchase of site only?
No. Housing loan is not sanctioned for purchase of site only.
What is the quantum of loan?
The maximum loan is four times gross annual income of the concluded financial year OR four times of average gross annual income of preceding four financial years. A higher quantum is considered selectively Minimum Net income/Net take home salary after meeting the installment of the proposed Housing loan should be 40%. This can be relaxed selectively to 25%.

What is the maximum eligible quantum of loan for repairs and renovations?
Maximum eligible quantum of housing loan is Rs.15.00 lakhs for repairs & renovations.

Whether agricultural income is considered for arriving at loan quantum?
Yes, Agricultural income is considered if it is supported by land records and income is reported in Income Tax Return, though not taxed.

When is the margin required to be brought in?
Margin should be contributed before disbursement of the loan. However, pro-rata and stage-wise contribution of margin is selectively permitted.

Can I submit online application for housing loan?
Yes; For submitting online loan application, you have to log on to or You can also track the status of your loan application through our website.

Contact Address IFSC Code MICR Code
Agakhan Hall Sarojini House, Bhagwandas Road, New Delhi 110 001 CNRB0002417 110015045
Plot No.8, Sikka Chambers, B Block Community Centre, Dilshad Garden, New Delhi 110095 CNRB0002686 110015129
Canara Bank, Mehrauli Main Market, New Delhi 110030 CNRB0002018 110015074
Imperial Tower, M S Plot., Flat # Gf/Hle-1 & Bs-1, Community Centre, Naraina, Vihar, New Delhi: 110028 CNRB0002846 110015163
Azadpur, G.T.Karnal Road, New Subji Mandi, Delhi 110 033 CNRB0002006 110015062
No.5A, Herald House, Bahadurshah Zafar Marg,  New Delhi 110 002 CNRB0001850 110015092
Post Bag No.212, Kaisos House, Chandni Chowk, Fathehpuri, Delhi – 110 069 CNRB0000313 110015003
F 19, Connaught Circus, New Delhi – 110 001 CNRB0000143 110015004
Diplomatic Enclave, 5, Nyaya Marg, Youth Hostel Bld, Chanakyapuri, New Delhi 110 021 CNRB0000157 110015007
Post Box No.495, 74, Janpath, New Delhi 110 001 CNRB0000307 110015014
Pocket A, C S Centre, Mayur Viharphase Ii, Delhi 110 091 CNRB0001956 110015098
No.7, Pocket H&J, Local Shopping Complex, Sarita Vihar 110076 CNRB0002591 110015124
K M Chowk, Sector 12, Dwarika, Delhi – 110045 CNRB0002876 110015166
12/5, East Patelnagar, New Delhi 110 008 CNRB0002010 110015066
F 66, Munirka,New Delhi 110 067 CNRB0001305 110015023
Sadar Bazar, Narain Market, Delhi 110 006 CNRB0000271 110015029
Canara Bank K2 4 Mohan Garden Uttam Nagar New Delhi Delhi Mohan Garden Delhi 110059 CNRB0006060 NA