Personal, home, vehicle & other loans

Canara Jeevan

Reverse mortgage for resident owners aged over 60 with a self-occupied, unencumbered home, providing periodic or lump-sum support for genuine needs.

Interest rateCanara's official rate table shows RLLR 8.00% plus 1.60% spread, or 9.60% effective for Canara Jeevan; individual pricing remains subject to applicable policy.Maximum amountIndependent house: ₹5 lakh minimum to ₹50 lakh maximum. Flat: ₹5 lakh minimum to ₹25 lakh maximum. Amount includes interest until maturity and depends on age and property value.TenurePeriodic payments may continue for up to 15 years or until the death of the surviving borrower, whichever is earlier; the loan becomes due when the survivor dies, sells or permanently leaves the home.

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✓ Manually checked 30 Aug 2026 · active

Offered byCanara Bank

India; eligible resident senior citizens

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 typeReverse mortgage loan against a self-occupied residential house or flat for senior citizens' genuine needs, with periodic or one-time payment options.View source

Canara describes reverse mortgage, permitted uses and payment modes.

Source: Canara Jeevan
Page / section: Purpose; Nature of payment
Accessed: 30 Aug 2026
Confidence: high

Open official source ↗

Interest rateCanara's official rate table shows RLLR 8.00% plus 1.60% spread, or 9.60% effective for Canara Jeevan; individual pricing remains subject to applicable policy.View source

The Canara Jeevan row gives 8.00%, spread 1.60% and effective 9.60%.

Source: Retail lending schemes linked to
Page / section: Canara Jeevan
Accessed: 30 Aug 2026
Confidence: high

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BenchmarkRepo Linked Lending Rate (RLLR), 8.00% in the reviewed table.View source

The table states the and Canara Jeevan row.

Source: Retail lending schemes linked to
Page / section: ; Canara Jeevan
Accessed: 30 Aug 2026
Confidence: high

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APRNot published as a separate APR.View source

The page and rate table do not publish a separate .

Source: Canara Jeevan
Page / section: Complete page
Accessed: 30 Aug 2026
Confidence: high

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Minimum incomeNo income threshold; the borrower must be a resident owner above age 60 with a qualifying self-occupied property.View source

Canara's eligibility section sets age, residency and property tests rather than income.

Source: Canara Jeevan
Page / section: Eligibility
Accessed: 30 Aug 2026
Confidence: high

Open official source ↗

Maximum amountIndependent house: ₹5 lakh minimum to ₹50 lakh maximum. Flat: ₹5 lakh minimum to ₹25 lakh maximum. Amount includes interest until maturity and depends on age and property value.View source

The official quantum section publishes separate house and flat bands.

Source: Canara Jeevan
Page / section: Loan Quantum
Accessed: 30 Aug 2026
Confidence: high

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TenurePeriodic payments may continue for up to 15 years or until the death of the surviving borrower, whichever is earlier; the loan becomes due when the survivor dies, sells or permanently leaves the home.View source

Canara states the 15-year payment period and life-event repayment trigger.

Source: Canara Jeevan
Page / section: Repayment tenure
Accessed: 30 Aug 2026
Confidence: high

Open official source ↗

Processing fee0.25% of loan amount, maximum ₹10,000. Documentation: ₹100 per lakh, minimum ₹1,000 and maximum ₹25,000.View source

The official page publishes processing and documentation charges.

Source: Canara Jeevan
Page / section: Processing; Documentation charges
Accessed: 30 Aug 2026
Confidence: high

Open official source ↗

Prepayment / foreclosureNo prepayment penalty.View source

No prepayment penalty is listed as a benefit.

Source: Canara Jeevan
Page / section: Benefits
Accessed: 30 Aug 2026
Confidence: high

Open official source ↗

Benefits and features

Reverse mortgage against a residential house or flat
Periodic monthly/quarterly payments or one-time lump sum
Independent house ₹5–₹50 lakh; flat ₹5–₹25 lakh
Maximum 15-year payment period
No prepayment penalty
Minimum documentation

Eligibility

Resident owner above age 60; property must be self-acquired, self-occupied, encumbrance-free and have at least 20 years residual life. For joint owners, the first borrower must be over 60 and a spouse/joint borrower over 55.

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

Documents the bank lists

Application, photographs, and of applicant and legal heirs
Property title/mortgage documents and tax receipts
Annual life certificate and IT clearance certificate
Property valuation and other mortgage-creation documents

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Loan repayment estimate

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Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

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.

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Canara Jeevan · Purpose / eligibilityResident owner over 60; self-occupied, unencumbered home

This value is copied from Canara Jeevan, Rent, Site and Swarna Overdraft terms. Check the table notes before relying on it.

Source: Canara mortgage, site and gold loan pages/rate tables · Quantum; Interest; Eligibility; Repayment; Processing; Security Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 4 rows · 4 columnsCanara Jeevan, Rent, Site and Swarna Overdraft termsPublished limits, rates, eligibility, security, fees and repayment terms from official Canara pages and rate tables.View tableHide table

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Canara Jeevan, Rent, Site and Swarna Overdraft terms
Product	Purpose / eligibility	Amount / rate	Tenure / charges
Canara Jeevan	Resident owner over 60; self-occupied, unencumbered home	House ₹5–₹50 lakh; flat ₹5–₹25 lakh; 9.60% effective in table	Up to 15 years/life event; 0.25% max ₹10,000; no prepayment penalty
Canara Rent	Eligible lessor with institutional/reputed tenant	75% of net unexpired rent, max ₹7.50 crore; range 9.25%–9.80%	Up to 120 months/lease; 1% min ₹5,000 plus inspection/documentation
Canara Site Loan	Approved government/statutory residential site	Lower of 3-year gross income or 75% site cost; effective 9.05%–10.10%	Up to 10 years/age 65; 0.50% ₹1,500–₹10,000
Swarna Overdraft	Resident/; gold jewellery or coins up to 50g pledged	₹5,000–₹50 lakh; + 0.95%	12-month revolving; 0.30% ₹250–₹3,000; no prepayment penalty

Canara mortgage, site and gold loan pages/rate tables · Quantum; Interest; Eligibility; Repayment; Processing; Security · accessed 30 Aug 2026Open official source ↗

Canara Jeevan

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

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