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Canara Bank ₹10 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 7.8%, the EMI is about ₹20,181 a month, with total interest of about ₹2,10,849.
Source: Canara Bank official page, checked 2 November 2026.
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Prepayment options (optional): pay extra to finish sooner
EMI at higher rates
| Rate | EMI | Total interest | Total payment |
|---|---|---|---|
| 7.8% (starting) | ₹20,181 | ₹2,10,849 | ₹12,10,849 |
| 8.3% | ₹20,420 | ₹2,25,216 | ₹12,25,216 |
| 8.8% | ₹20,661 | ₹2,39,685 | ₹12,39,685 |
| 9.3% | ₹20,904 | ₹2,54,255 | ₹12,54,255 |
| 9.8% | ₹21,149 | ₹2,68,926 | ₹12,68,926 |
Year-by-year repayment schedule at 7.8%
How much of each year's payments goes to principal and to interest, and what you still owe at the end of the year. Use the calculator above for a month-by-month view and prepayment options.
| Year | Principal | Interest | Paid | Balance left |
|---|---|---|---|---|
| Year 1 | ₹1,70,168 | ₹72,002 | ₹2,42,170 | ₹8,29,832 |
| Year 2 | ₹1,83,926 | ₹58,244 | ₹2,42,170 | ₹6,45,906 |
| Year 3 | ₹1,98,796 | ₹43,373 | ₹2,42,170 | ₹4,47,110 |
| Year 4 | ₹2,14,869 | ₹27,301 | ₹2,42,170 | ₹2,32,241 |
| Year 5 | ₹2,32,241 | ₹9,929 | ₹2,42,170 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Canara Bank car loan for 5 years?
At Canara Bank's starting rate of 7.8% the EMI is about ₹20,181 a month. If your offered rate is 8.8% it would be about ₹20,661.
How much total interest will I pay?
At 7.8% the total interest over 5 years is about ₹2,10,849, so you repay about ₹12,10,849 in all.