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Canara Bank ₹10 lakh Personal Loan EMI for 3 Years
At the advertised starting rate of 9.95%, the EMI is about ₹32,244 a month, with total interest of about ₹1,60,774.
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) | ₹32,244 | ₹1,60,774 | ₹11,60,774 |
| 10.45% | ₹32,479 | ₹1,69,239 | ₹11,69,239 |
| 10.95% | ₹32,715 | ₹1,77,742 | ₹11,77,742 |
| 11.45% | ₹32,952 | ₹1,86,280 | ₹11,86,280 |
| 11.95% | ₹33,190 | ₹1,94,856 | ₹11,94,856 |
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 | ₹3,00,902 | ₹86,023 | ₹3,86,925 | ₹6,99,098 |
| Year 2 | ₹3,32,245 | ₹54,680 | ₹3,86,925 | ₹3,66,853 |
| Year 3 | ₹3,66,853 | ₹20,071 | ₹3,86,925 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Canara Bank personal loan for 3 years?
At Canara Bank's starting rate of 9.95% the EMI is about ₹32,244 a month. If your offered rate is 10.95% it would be about ₹32,715.
How much total interest will I pay?
At 9.95% the total interest over 3 years is about ₹1,60,774, so you repay about ₹11,60,774 in all.