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Canara Bank ₹5 lakh Personal Loan EMI for 3 Years
At the advertised starting rate of 9.95%, the EMI is about ₹16,122 a month, with total interest of about ₹80,387.
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) | ₹16,122 | ₹80,387 | ₹5,80,387 |
| 10.45% | ₹16,239 | ₹84,620 | ₹5,84,620 |
| 10.95% | ₹16,358 | ₹88,871 | ₹5,88,871 |
| 11.45% | ₹16,476 | ₹93,140 | ₹5,93,140 |
| 11.95% | ₹16,595 | ₹97,428 | ₹5,97,428 |
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 | ₹1,50,451 | ₹43,012 | ₹1,93,462 | ₹3,49,549 |
| Year 2 | ₹1,66,123 | ₹27,340 | ₹1,93,462 | ₹1,83,427 |
| Year 3 | ₹1,83,427 | ₹10,036 | ₹1,93,462 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh Canara Bank personal loan for 3 years?
At Canara Bank's starting rate of 9.95% the EMI is about ₹16,122 a month. If your offered rate is 10.95% it would be about ₹16,358.
How much total interest will I pay?
At 9.95% the total interest over 3 years is about ₹80,387, so you repay about ₹5,80,387 in all.