When applying for a home loan, understanding the Canara Bank home loan processing fees and other charges helps in planning your expenses. The fee covers administrative costs, including document verification and legal checks. Understanding these charges ensures a smooth loan process without unexpected costs.
Apply for a Canara Bank Home Loan with a special processing fee offer tailored just for you.
Canara Bank Home Loan Processing Fees Structure
Here’s a detailed breakdown of the processing fees for various Canara Bank home loan schemes, helping you understand the charges associated with each loan type. Whether you’re buying a new home or seeking additional funding, this guide provides clear and straightforward information.
| Loan Scheme | Processing Fee |
|---|---|
| Standard Home Loan | 0.50% of the loan amount Minimum: ₹1,500 + GST Maximum: ₹10,000 + GST |
| Canara Kuteer (Affordable Housing Scheme) | 0.50% of the loan amount Minimum: ₹1,500 + GST Maximum: ₹10,000 + GST |
| Home Loan for NRIs | 0.50% of the loan amount Minimum: ₹1,500 + GST Maximum: ₹10,000 + GST |
| Canara Home Loan Plus | 0.50% of the loan amount Minimum: ₹1,500 + GST Maximum: ₹10,000 + GST |
For more details, please visit the official Canara Bank website
Canara Bank Home Loan Balance Transfer Processing Fees Structure
Here is the Canara Bank Home Loan Balance Transfer Processing Fees Structure for 2025
| Loan Type | Processing Fee |
|---|---|
| Standard Home Loan Balance Transfer | 0.50% of the loan amount Minimum: ₹1,500 + GST Maximum: ₹10,000 + GST |
Canara Bank Home Loan Top Up Processing Fees Structure
Looking to increase your existing home loan with a top-up? Here’s a quick overview of the processing fees involved in Canara Bank Home Loan Top-Up options, so you know exactly what to expect before applying.
| Home Loan Product | Processing Fee |
|---|---|
| Canara Home Loan Plus (Top-Up) | 0.50% of the loan amount (Min ₹100 + GST, Max ₹500 + GST) |
Note:
- During the Retail Loan Festival (April 1 – June 30, 2025), a 50% waiver on processing charges may apply.
- Fees are subject to applicable GST.
- Always confirm with the bank for latest charges and offers.
Also Read: Top-Up vs Personal Loan
Canara Bank Home Loan Other Charges
In addition to the primary processing fee, there are several other charges that may arise during the home loan process. These additional costs include:
| Charge Type | Amount / Rate |
|---|---|
| Processing Fee | 0.50% of the loan amount Minimum: ₹1,500 + GST Maximum: ₹10,000 + GST |
| Documentation Charges | ₹100 per lakh or part thereof Minimum: ₹1,000 Maximum: ₹25,000 |
| Canara Home Loan Plus Processing Fee | 0.50% of the loan amount Minimum: ₹100 + GST Maximum: ₹500 + GST |
| Canara Home Loan Plus Documentation Charges | ₹100 per lakh or part thereof Minimum: ₹1,000 Maximum: ₹25,000 |
| Prepayment Charges | Floating Rate Loans: Nil Fixed Rate Loans: 2% of the outstanding loan amount |
| No Due Certificate | Individuals: ₹50–₹100 + GST Non-Individuals: ₹150 + GST |
| Duplicate Statement Issuance | ₹100 + GST per statement |
| Cheque Bounce Charges | ₹250 + GST per instance |
| Legal & Valuation Charges | As per actuals |
| Stamp Duty & Registration Charges | As per state laws |
Read More: How to Increase CIBIL Score
Compare Home Loan Processing Fees of Top Banks and HFCs
Here’s a quick comparison of the home loan processing fees charged by some of India’s leading banks and HFCs:
| Bank | Home Loan Processing Fee |
|---|---|
| SBI (State Bank of India) | 0.35% of the loan amount (min ₹2,000, max ₹10,000) + GST |
| HDFC Bank | Upto 1.50% of the loan amount or Rs. 5000/- whichever is higher |
| ICICI Bank | Upto 2% of loan amount |
| Axis Bank | 1% of the loan amount or ₹10,000 (whichever is higher) + GST (as applicable) |
| Kotak Mahindra Bank | 0.5% for salaried and 1% for self-employed applicants |
| Bajaj Housing Finance | 0.5% of the loan amount (Goes upto 7% in some cases) |
| Tata Capital Home Loan | Upto 3% of loan amount+ GST |
| LIC HFL | 0.25% of the loan amount |
Note: The interest rates, maximum tenures, and other charges are subject to change, and it’s advisable to check with our experts for the most current information.
Also Check: Home Loan Processing Fees and Charges
Why Does Canara Bank Take Processing Fees?
Canara Bank charges processing fees to cover administrative and operational costs involved in evaluating and sanctioning a home loan. This includes document verification, credit assessment, legal checks, property valuation, and other backend services required to process your application.
Is Canara Bank Home Loan Processing Fees Refunded?
No, Canara Bank’s home loan processing fee is generally non-refundable, even if the loan is rejected or withdrawn. It covers administrative costs like document verification and credit assessment.
Also Read: Canara Bank EMI Calculator
When Does Canara Bank Collect Home Loan Processing Fees?
Canara Bank typically collects the home loan processing fee at the time of loan application submission. This fee covers administrative expenses such as document verification, credit assessment, and property valuation. It’s important to note that the processing fee is generally non-refundable, even if the loan application is rejected or withdrawn.
Am I Still Liable to Pay The Processing Fees if My Home Loan is Sanctioned But I Don’t Avail It?
Yes, you are still liable to pay the processing fees even if your Canara Bank home loan is sanctioned but not availed. The fee is charged for services like application processing, document verification, and credit assessment, which are completed during the sanction process—regardless of disbursal.
What Happens if Canara Bank Home Loan Processing Fees Cheque Gets Bounced?
If your Canara Bank home loan processing fee cheque bounces, the bank may levy a cheque return charge as per its penalty policy. It can also delay your loan processing and impact your creditworthiness.
Also Read: Canara Bank Customer care
Is it Possible to Get Canara Bank Home Loan with Zero Processing Fees?
Yes, it is possible to obtain a Canara Bank home loan with zero processing fees during special promotional periods when the bank waives such charges. These waivers are part of the Canara Bank Home Loan Processing Fees and Charges framework and are typically offered during festive seasons or limited-time offers.
Source: State-run banks waive home loan processing fees to boost demand
How to Get Canara Bank Home Loan Processing Fees Concession?
You can get a concession on Canara Bank home loan processing fees by applying during promotional periods like the Retail Loan Festival or by enrolling in the SB Premium Payroll package. Eligible customers can receive up to a 100% waiver based on the offer.
How is Canara Bank Home Loan Processing Fees Calculated?
Canara Bank charges a processing fee based on a fixed percentage of the sanctioned home loan amount. This fee is subject to both minimum and maximum limits as defined by the bank.
Standard Fee Structure:
Canara Bank typically charges 0.50% of the sanctioned loan amount, with:
- Minimum Fee: ₹1,500
- Maximum Fee: ₹10,000
- Plus GST applicable
Example Calculation:
If you apply for a home loan of ₹50 lakh:
0.50% of ₹50,00,000 = ₹25,000
But since the maximum fee is capped at ₹10,000, the processing fee would be ₹10,000 + GST.
Also Read: Canara Bank Home Loan Eligibility Calculator
Factors Affecting Canara Bank Home Loan Processing Fees
Several factors determine the processing fees for a Canara Bank home loan. These factors impact the overall cost of loan approval and vary based on loan type, borrower profile, and bank policies.
| Factor | Description |
|---|---|
| Loan Amount | Processing fees are often a percentage of the loan amount. Larger loans may result in higher absolute fees. |
| Lender Policies | Different lenders have varying fee structures based on their operational costs and customer acquisition strategies. |
| Credit Score | Applicants with higher credit scores may be eligible for lower fees, reflecting reduced lending risk. |
| Loan Type | Specific loan products, such as top-up loans or balance transfers, may have distinct processing fee structures. |
Check Out: Canara Bank Home Loan Interest Rates 2025
Get the Best Home Loan Offers with Credit Dharma
Credit Dharma is your trusted partner for securing the best Home Loan offers, with over ₹500 Cr+ loans handled and partnerships with 20+ leading banks. We provide exclusive access to the lowest interest rates and a seamless, digital process with fast approvals in just 1-2 weeks, backed by lifetime support from our home loan experts.
Why choose Credit Dharma? We provide:
- Lowest Interest Rates: Save more with every EMI.
- Maximum Funding: Get up to 100% funding for your dream home.
- Simple & Digital Process: No tedious paperwork or branch visits.
- Expert Guidance: Lifetime support from our team of specialists.
Compare, choose, and secure the best Home Loan offer with Credit Dharma — your home loan journey starts here!
Conclusion
Understanding the Canara Bank home loan processing fee is crucial before applying for a loan. The fee depends on the loan amount, borrower profile, and other factors. Reviewing the latest charges and additional costs helps in better financial planning. Always check with the bank for updated policies to avoid unexpected expenses.
Still confused? Reach out to our team of experts and get all your home loan queries sorted in no time!
Frequently Asked Questions
Canara Bank charges a processing fee of 0.50% of the sanctioned loan amount, with a minimum of ₹1,500 and a maximum of ₹10,000, plus applicable GST.
Yes, during promotional periods like the Retail Loan Festival (April 1 to June 30, 2025), Canara Bank offers a 50% waiver on processing charges for all retail home loans.
Yes, customers enrolled under the Canara SB Premium Payroll package (Gold, Diamond & Platinum variants) availing home loan balance transfer are eligible for a full waiver of processing charges during promotional periods.
No, the processing fee is generally non-refundable, even if the loan is sanctioned but not disbursed.
The processing fee is typically collected at the time of loan application submission.
For floating-rate home loans, there are no prepayment or foreclosure charges. However, for fixed-rate loans, a 2% charge on the outstanding loan amount may apply.
If the processing fee cheque is dishonored, Canara Bank may levy a cheque return charge, and it could delay the loan processing.
HDFC Home Loan
SBI Home Loan
