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Canara Bank ₹10 lakh Personal Loan EMI for 2 Years
At the advertised starting rate of 9.95%, the EMI is about ₹46,122 a month, with total interest of about ₹1,06,924.
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 |
|---|---|---|---|
| 9.95% (starting) | ₹46,122 | ₹1,06,924 | ₹11,06,924 |
| 10.45% | ₹46,353 | ₹1,12,470 | ₹11,12,470 |
| 10.95% | ₹46,585 | ₹1,18,031 | ₹11,18,031 |
| 11.45% | ₹46,817 | ₹1,23,609 | ₹11,23,609 |
| 11.95% | ₹47,050 | ₹1,29,203 | ₹11,29,203 |
Year-by-year repayment schedule at 9.95%
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 | ₹4,75,248 | ₹78,214 | ₹5,53,462 | ₹5,24,752 |
| Year 2 | ₹5,24,752 | ₹28,710 | ₹5,53,462 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Canara Bank personal loan for 2 years?
At Canara Bank's starting rate of 9.95% the EMI is about ₹46,122 a month. If your offered rate is 10.95% it would be about ₹46,585.
How much total interest will I pay?
At 9.95% the total interest over 2 years is about ₹1,06,924, so you repay about ₹11,06,924 in all.