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Canara Bank ₹10 lakh Personal Loan EMI for 5 Years
At the advertised starting rate of 9.95%, the EMI is about ₹21,222 a month, with total interest of about ₹2,73,347.
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) | ₹21,222 | ₹2,73,347 | ₹12,73,347 |
| 10.45% | ₹21,469 | ₹2,88,148 | ₹12,88,148 |
| 10.95% | ₹21,717 | ₹3,03,050 | ₹13,03,050 |
| 11.45% | ₹21,968 | ₹3,18,051 | ₹13,18,051 |
| 11.95% | ₹22,219 | ₹3,33,151 | ₹13,33,151 |
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 | ₹1,62,445 | ₹92,224 | ₹2,54,669 | ₹8,37,555 |
| Year 2 | ₹1,79,366 | ₹75,303 | ₹2,54,669 | ₹6,58,189 |
| Year 3 | ₹1,98,050 | ₹56,619 | ₹2,54,669 | ₹4,60,139 |
| Year 4 | ₹2,18,680 | ₹35,989 | ₹2,54,669 | ₹2,41,459 |
| Year 5 | ₹2,41,459 | ₹13,211 | ₹2,54,669 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Canara Bank personal loan for 5 years?
At Canara Bank's starting rate of 9.95% the EMI is about ₹21,222 a month. If your offered rate is 10.95% it would be about ₹21,717.
How much total interest will I pay?
At 9.95% the total interest over 5 years is about ₹2,73,347, so you repay about ₹12,73,347 in all.