IndiaBanks.org · independent research

Personal, home, vehicle & other loans

Canara Mortgage

A secured loan against residential or commercial property for personal, medical and other non-business needs, up to 50% of property value and ₹7.50 crore, with tenure up to 180 months.

Interest rateCompetitive reducing-balance rate; exact percentage depends on borrower profile, risk rating, value of security and bank norms, and is not fixed on the page.Maximum amountLoan is the lower of 50% of the property's bank-panel valuation, ₹7.50 crore, and the income-based formula: 96/84 times monthly gross salary for salaried CRG grades or 8/7 times average three-year cash accruals for non-salaried CRG grades.TenureMaximum 180 months (15 years), subject to eligible norms.
Official product page ↗Compare category

Quick eligibility check

Canara Mortgage

0 of 7 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 rupee minimum income is published?

Published source: Minimum income

2Does your annual income meet this requirement: Salaried applicants must provide income evidence and have at least one year of confirmed service?

Published source: Minimum income

3Does your annual income meet this requirement: non-salaried applicants must show annual income and three years in business or profession?

Published source: Minimum income

4Does your age meet this requirement: Minimum age 18?

5Are you this type of customer: salaried applicants need at least one year confirmed service?

6Does your annual turnover meet this requirement: non-salaried applicants need three years in business/profession and must route business turnover through Canara?

7Do you meet this requirement: companies, firms, business establishments, trusts and are excluded?

0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byCanara Bank

India; Canara branches

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 typeSecured loan against a mortgaged residential house, flat or commercial property for non-business personal, medical and unforeseen expenses.View source
The official purpose and describe a loan against property for non-business needs.
Source
Canara Mortgage
Page / section
Purpose
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest rateCompetitive reducing-balance rate; exact percentage depends on borrower profile, risk rating, value of security and bank norms, and is not fixed on the page.View source
Canara states a competitive reducing-balance rate and explains the profile-based pricing without a numeric percentage.
Source
Canara Mortgage
Page / section
Benefits; — interest rate
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
BenchmarkNot published on the reviewed product page; pricing is stated to depend on risk rating, security value and bank norms.View source
The gives pricing factors but no benchmark or spread.
Source
Canara Mortgage
Page / section
— interest rate
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 Mortgage
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo rupee minimum income is published. Salaried applicants must provide income evidence and have at least one year of confirmed service; non-salaried applicants must show annual income and three years in business or profession.View source
The complete eligibility section gives service/business vintage rules and asks for income proof, but no income amount.
Source
Canara Mortgage
Page / section
Eligibility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum amountLoan is the lower of 50% of the property's bank-panel valuation, ₹7.50 crore, and the income-based formula: 96/84 times monthly gross salary for salaried CRG grades or 8/7 times average three-year cash accruals for non-salaried CRG grades.View source
The official quantum section publishes 50%, ₹7.50 crore and both CRG income formulas.
Source
Canara Mortgage
Page / section
Loan Quantum
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenureMaximum 180 months (15 years), subject to eligible norms.View source
The official repayment row and publish 180 months / 15 years.
Source
Canara Mortgage
Page / section
Repayment tenure
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing fee0.50% of loan amount with a minimum of ₹5,000. Documentation is ₹100 per lakh, with ₹1,000 minimum and ₹25,000 maximum.View source
Canara publishes the processing and documentation charges in the product table and .
Source
Canara Mortgage
Page / section
Processing Charges; — charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo prepayment penalty.View source
The official page and state that there is no prepayment penalty.
Source
Canara Mortgage
Page / section
Benefits; — prepayment
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Up to 50% of property value, subject to ₹7.50 crore maximum
  • Maximum tenure 180 months
  • No prepayment penalty
  • Reducing-balance interest
  • Processing fee 0.50% with ₹5,000 minimum

Eligibility

  • Minimum age 18; salaried applicants need at least one year confirmed service; non-salaried applicants need three years in business/profession and must route business turnover through Canara; companies, firms, business establishments, trusts and are excluded.

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

Documents the bank lists

  • Application with photos; , identity, residence and age proof
  • Salaried: six months salary slips and service/Form 16/ proof
  • Self-employed: three years balance sheets, P&L and , business note and proof
  • : passport/visa, work permit, attested salary certificate, overseas bank statement and property records
  • Title, plan, encumbrance, tax, valuation and takeover documents as applicable

Related official documents

Canara Mortgageofficial-product-page · current · accessed 30 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

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 termDomestic, medical, education and unforeseen personal needs; speculative use excluded

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

Source: Canara Home Loan Plus · Purpose; Quantum; Charges; Security; Repayment tenure Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 6 rows · 2 columnsCanara Home Loan Plus published termsQuantum, income, charges, security and repayment terms from the official page.View tableHide table

Scroll sideways to view every column

Canara Home Loan Plus published terms
AreaPublished term
PurposeDomestic, medical, education and unforeseen personal needs; speculative use excluded
QuantumSalaried 24× gross salary; non-salaried 2× three-year average gross income; ₹50 lakh cap
Margin / NTHNil margin; net take-home 25% salaried and 30% non-salaried
Charges0.50%; ₹100 minimum and ₹500 maximum; documentation ₹100/lakh, ₹1,000–₹25,000
SecurityContinuing housing-loan property mortgage plus further ; release after both loans close
TenureRemaining housing-loan period or 180 , whichever is less
Canara Home Loan Plus · Purpose; Quantum; Charges; Security; Repayment tenure · accessed 30 Aug 2026Open official source ↗
Table 2 · 6 rows · 2 columnsCanara Mortgage published termsEligibility, quantum, property security, charges and repayment terms from the official page and FAQ.View tableHide table

Scroll sideways to view every column

Canara Mortgage published terms
AreaPublished term
Eligible applicantsIndividuals aged 18+, salaried with one-year confirmed service, non-salaried with three years business/profession, with resident close-relative co-borrower
QuantumLower of 50% property value, ₹7.50 crore and CRG-based income formula
TenureUp to 180 months / 15 years
SecurityEquitable mortgage with clear title; property value at least 200% of loan; spouse/legal-heir guarantee mandatory
Charges0.50%; minimum ₹5,000; documentation ₹100/lakh, ₹1,000–₹25,000
PrepaymentNo prepayment penalty
Canara Mortgage · Eligibility; Quantum; Security; Charges; · accessed 30 Aug 2026Open official source ↗

More from Canara Bank

Related products

Canara Agricultural DRI Loan

Differential Rate of Interest agricultural loan for very low-income borrowers, up to ₹15,000 for agriculture or ₹20,000 for housing at a simple 4% rate.

View product

Canara Budget

Salaried personal loan for non-speculative domestic needs, with Prime and Delight variants, income-multiple limits up to ₹50 lakh and tenure up to 84 months.

View product

Canara Cash

Loan or overdraft against approved investments, up to ₹20 lakh with security-specific and minimum 30% margin.

View product

Canara Consumption Loan

Small unsecured consumption finance for existing borrowers in natural-calamity affected rural and semi-urban areas, up to ₹15,000 with a one-year repayment holiday.

View product