What is the Home Loan Processing Fee in Canara Bank?

Canara Bank charges a nominal processing fee for its home loan products. As I already mentioned in my previous answer, the Canara Bank home loan processing fee typically set at 0.50% of the loan amount, with a minimum fee of Rs 1,500 and a maximum fee of Rs 10,000. This rate is excluding Goods and Services Tax (GST).

• However, the bank periodically offers promotional periods during which processing fees are waived. For instance, as part of the Retail Loan Festival, Canara Bank announced a 100% waiver on processing charges for loans sanctioned between July 1, 2025, and September 30, 2025.

• Additionally, certain customer categories may benefit from fee waivers. For example, customers enrolled under the Canara SB Premium Payroll package (Gold, Diamond & Platinum variants) are eligible for a processing fee waiver on home loan.

To get more information on the home loan processing fee in Canara Bank, you can go through my previous answer here.

The Canara Bank processing fee for home loan is 0.50% on the sanctioned home loan amount. This fee is subject to a minimum of Rs 1,500 plus GST and a maximum of Rs 10,000 plus GST. I have shared more details on it below.

What is Canara Bank Home Loan Processing Fee?

It is 0.5%. During the Retail Loan Festival from April 1, 2025, to June 30, 2025, Canara Bank offers a 50% waiver on processing charges for home loans. Additionally, customers enrolled under the Canara SB Premium Payroll package (Gold, Diamond, and Platinum variants) who transfer their home loan liability from other banks or financial institutions to Canara Bank are eligible for a complete waiver of processing charges until June 30, 2025.

Additional Charges

1. Documentation Charges: Rs 100 per lakh or part thereof, with a minimum of Rs 1,000 and a maximum of Rs 25,000.

2. Mortgage Charges: Applicable for loans above Rs 50 lakhs, ranging from Rs 1,000 to Rs 30,000 depending on the loan amount.

3. CERSAI Charges: For loans up to Rs 5 lakhs, a fee of Rs 50 plus applicable GST is charged for the registration of security interest.

Prospective borrowers should consider these charges when planning their home financing and consult with the bank for the most current offers and applicable fees. I hope you found this helpful.

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How To Calculate Processing Fee For Home Loan?

Hi Hansika, I saw you wanted to know the home loan processing fee in Canara Bank and can offer you my help. The processing fee is 0,50 per cent of the approved loan amount, with the range between Rs. 1,500 plus GST and Rs. 10,000 plus GST. 

What is the Canara Bank Processing Fee for Home Loan?

At present, Canara Bank is celebrating the Retail Loan Festival and waiving 50% processing charges for this month, i.e. from 1st July 2024 to 31st July 2024. 

As far as the processing fee goes, it is the same for all the loans including the agricultural loan, solar loan and kuteer loan. As far as the NRI home loan processing fee is concerned, Ms Farah Ali has shared the details in her answer.

You can take a home loan from Canara Bank for the following purposes:

1. Purchasing a ready house or flat.

2. Buying a site and construction of a house on the plot, including the additional loan component towards the furnishing cost (fixed furnishing) according to the eligible loan quantum.

3. House or flat construction.

4. Loan for repairs or renovation. 

This is all I have to share regarding the Canara Bank housing loan processing charges. I hope it helps.

What is Canara Bank Home Loan Processing Fee?

• There is a nominal processing cost of 0.50% (minimum of Rs. 1500/-plus GST and maximum of Rs. 10,000/-plus GST).
• From April 1 to April 30, 2024, the bank will be celebrating the Retail Loan festival and waiving 50% of the processing fees.
• Processing fees are free until April 30, 2024, in the event that customers enrolled in the Canara SB Premium Payroll package (Gold, Diamond, and Platinum Variant) take over their HL responsibility from other Banks or FIs.

What are Canara Bank Home Loan Processing Charges for Other Types of Home Loans?