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Canara Housing Loan

Housing finance for purchase, construction, repair, renovation, second homes and eligible takeovers, with income-based multiples, up to 30-year tenure and no upper loan ceiling stated.

Interest rateCompetitive reducing-balance interest; the applicable rate depends on the applicant profile and the Bank's prevailing policy, with no fixed percentage displayed on the reviewed page.Maximum amountNo upper loan limit is stated; eligibility is subject to income, repayment capacity, financial profile and property value. Repairs/renovation is up to ₹15 lakh, and fixed furnishing is up to 25% of loan amount or ₹50 lakh, whichever is lower.TenureUp to 30 years or until the borrower reaches age 75, whichever is earlier.
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Quick eligibility check

Canara Housing Loan

0 of 8 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: No universal rupee minimum income is published?

Published source: Minimum income

2Does your annual income meet this requirement: Salaried applicants are assessed at up to 72× monthly gross salary (96× selectively)?

Published source: Minimum income

3Does your annual income meet this requirement: non-salaried applicants at up to 6× average three-year annual gross income (8× selectively)?

Published source: Minimum income

4Does your annual income meet this requirement: Gross-income evidence is required?

Published source: Minimum income

5Are you this type of customer: Salaried applicants need two years aggregated continuous service and at least six months in the current organisation?

6Are you this type of customer: self-employed applicants provide three years /ITAO?

7Does your age meet this requirement: Entry age is below 60, with liability cleared before age 75?

8Does your annual income meet this requirement: 60+ applicants must apply jointly with earning spouse/legal heirs?

0 of 8 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byCanara Bank

India; eligible , and applicants

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeHousing loan for ready-built house/flat purchase, construction, site plus construction, repairs/renovation, fixed furnishing, second home and eligible home-loan takeover.View source
Canara lists the housing purposes and takeover route on the official page.
Source
Canara Housing Loan
Page / section
Purpose;
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest rateCompetitive reducing-balance interest; the applicable rate depends on the applicant profile and the Bank's prevailing policy, with no fixed percentage displayed on the reviewed page.View source
The page describes competitive profile-based reducing-balance pricing without a numeric rate.
Source
Canara Housing Loan
Page / section
Benefits; — interest rate
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
BenchmarkNot published on the reviewed product page; no benchmark or spread is stated.View source
The complete page gives no benchmark or spread.
Source
Canara Housing Loan
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
APRNot published on the reviewed product page.View source
No annual percentage rate is displayed.
Source
Canara Housing Loan
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo universal rupee minimum income is published. Salaried applicants are assessed at up to 72× monthly gross salary (96× selectively); non-salaried applicants at up to 6× average three-year annual gross income (8× selectively). Gross-income evidence is required.View source
Canara publishes income multiples and evidence requirements but no minimum salary amount.
Source
Canara Housing Loan
Page / section
Loan Quantum; Eligibility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum amountNo upper loan limit is stated; eligibility is subject to income, repayment capacity, financial profile and property value. Repairs/renovation is up to ₹15 lakh, and fixed furnishing is up to 25% of loan amount or ₹50 lakh, whichever is lower.View source
The page says no upper limit and publishes the repair/furnishing limits.
Source
Canara Housing Loan
Page / section
Loan Quantum;
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenureUp to 30 years or until the borrower reaches age 75, whichever is earlier.View source
The official repayment section publishes 30 years or age 75, whichever is earlier.
Source
Canara Housing Loan
Page / section
Repayment Tenure;
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing fee0.50% of loan amount, minimum ₹1,500 plus GST and maximum ₹10,000 plus GST. A 50% processing-charge waiver is published for the Retail Loan Festival from 1 July 2026 to 30 September 2026; eligible Premium Payroll takeover borrowers have full waiver through 30 September 2026.View source
The official processing-charge section publishes the fee band and dated waivers.
Source
Canara Housing Loan
Page / section
Processing Charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo prepayment penalty.View source
Canara states that home loans may be prepaid or foreclosed without penalty.
Source
Canara Housing Loan
Page / section
Benefits; — prepayment
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • No upper limit subject to income and repayment capacity
  • Salaried up to 72× monthly gross salary (96× selectively)
  • Non-salaried up to 6× annual gross income (8× selectively)
  • Repairs/renovation up to ₹15 lakh
  • Up to 30 years or age 75, whichever is earlier
  • No prepayment penalty
  • Life and total-permanent-disability insurance option

Eligibility

  • Salaried applicants need two years aggregated continuous service and at least six months in the current organisation; self-employed applicants provide three years /ITAO. Entry age is below 60, with liability cleared before age 75; 60+ applicants must apply jointly with earning spouse/legal heirs.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Application, photographs, , identity, residence and age proof
  • Property title/link documents, encumbrance, khata, tax receipts and approved plans/occupancy documents by purpose
  • Salaried: six-month salary-account statement and service/Form 16/ proof
  • Self-employed: three years balance sheet, P&L and /ITAO, bank statement, business note and proof
  • : passport/visa or IC/ card, work permit, attested salary certificate, overseas bank statement and notarised power of attorney where applicable
  • Takeover NOC, held-document list, sanction letter and loan statement where applicable

Related official documents

Canara Housing Loanofficial-product-page · current · accessed 30 Aug 2026
↗

Plan before applying

Try the numbers

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Purpose · Published termPurchase, construction, plot plus construction, repair/renovation, fixed furnishing, second home and takeover

This value is copied from Canara Housing Loan published terms. Check the table notes before relying on it.

Source: Canara Housing Loan · Purpose; Loan Quantum; Processing; Repayment; Margin; Eligibility; Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 8 rows · 2 columnsCanara Housing Loan published termsPurpose, income, quantum, margin, charges, tenure and eligibility captured from Canara's official page.View tableHide table

Scroll sideways to view every column

Canara Housing Loan published terms
AreaPublished term
PurposePurchase, construction, plot plus construction, repair/renovation, fixed furnishing, second home and takeover
QuantumNo upper limit; salaried 72× monthly gross (96× selectively); non-salaried 6× three-year average gross income (8× selectively)
Repairs / furnishingRepairs up to ₹15 lakh; furnishing up to 25% of loan or ₹50 lakh, whichever lower
Processing0.50%; ₹1,500 + minimum and ₹10,000 + maximum; dated 50% festival waiver
RepaymentUp to 30 years or age 75, whichever earlier
MarginNew/old property bands: 10% up to ₹30 lakh, 20% ₹30–75 lakh, 25% above ₹75 lakh; old property over 10 years uses 25%
EligibilityResident Indians, , and ; salaried service and self-employed conditions; entry below age 60
InsuranceOptional Canara Home Loan Secure group life and total permanent disability cover
Canara Housing Loan · Purpose; Loan Quantum; Processing; Repayment; Margin; Eligibility; · accessed 30 Aug 2026Open official source ↗

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