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Canara Bank ₹5 lakh Personal Loan EMI for 5 Years
At the advertised starting rate of 9.95%, the EMI is about ₹10,611 a month, with total interest of about ₹1,36,674.
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) | ₹10,611 | ₹1,36,674 | ₹6,36,674 |
| 10.45% | ₹10,735 | ₹1,44,074 | ₹6,44,074 |
| 10.95% | ₹10,859 | ₹1,51,525 | ₹6,51,525 |
| 11.45% | ₹10,984 | ₹1,59,025 | ₹6,59,025 |
| 11.95% | ₹11,110 | ₹1,66,576 | ₹6,66,576 |
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 | ₹81,223 | ₹46,112 | ₹1,27,335 | ₹4,18,777 |
| Year 2 | ₹89,683 | ₹37,652 | ₹1,27,335 | ₹3,29,094 |
| Year 3 | ₹99,025 | ₹28,310 | ₹1,27,335 | ₹2,30,069 |
| Year 4 | ₹1,09,340 | ₹17,995 | ₹1,27,335 | ₹1,20,729 |
| Year 5 | ₹1,20,729 | ₹6,605 | ₹1,27,335 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh Canara Bank personal loan for 5 years?
At Canara Bank's starting rate of 9.95% the EMI is about ₹10,611 a month. If your offered rate is 10.95% it would be about ₹10,859.
How much total interest will I pay?
At 9.95% the total interest over 5 years is about ₹1,36,674, so you repay about ₹6,36,674 in all.