Canara Bank Personal Loan EMI Calculator (2026) – Free Online Tool
📈 Canara Bank Rate: 11.25% – 14% p.a. (2026)
Canara Bank Personal Loan EMI Calculator
Loan Amount ₹5,00,000
Interest Rate (% p.a.) 11.25%
Loan Tenure (Years) 5 Years
Your Monthly EMI
Calculating…
Principal Amount–
Total Interest Payable–
Total Amount Payable–
Enter loan details and click Calculate EMI.
Principal vs Interest Breakdown
Principal
Interest
EMI Breakdown Table – Year-wise Amortization Schedule
| Year | Opening Balance | Principal Paid | Interest Paid | Closing Balance | P vs I Split |
|---|
How to Use Canara Bank EMI Calculator
The Canara Bank Personal Loan EMI Calculator helps you calculate your exact monthly EMI instantly. Enter 3 values and get results in seconds:
- Enter your Loan Amount (₹50,000 to ₹40,00,000)
- Set the Interest Rate — Canara Bank offers 11.25% – 14% p.a.
- Choose Loan Tenure — 1 to 7 years
- Click Calculate EMI — get instant results with chart
EMI Calculation Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
P = Principal Loan Amount | R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100) | N = Tenure in Months
P = Principal Loan Amount | R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100) | N = Tenure in Months
Canara Bank Personal Loan Interest Rates 2026
Canara Bank offers personal loan interest rates from 11.25% – 14% p.a. in 2026. Rates depend on your credit score and income:
| Credit Score | Interest Rate (p.a.) | Max Loan Amount | Max Tenure |
|---|---|---|---|
| 750+ | 11.25% – 12% | ₹10 Lakhs | 7 Years |
| 700–749 | 12% – 12.75% | ₹8 Lakhs | 5 Years |
| 650–699 | 12.75% – 13.5% | ₹5 Lakhs | 4 Years |
| Below 650 | 13.5% – 14% | ₹3 Lakhs | 3 Years |
*Rates are indicative. Contact Canara Bank for exact rates applicable to your profile.
Canara Bank Personal Loan EMI Examples (2026)
Ready EMI calculations for common loan amounts at Canara Bank:
| Loan Amount | Interest Rate | Tenure | Monthly EMI | Total Interest |
|---|---|---|---|---|
| ₹1,00,000 | 11.25% | 2 years | ₹4,671 | ₹12,104 |
| ₹2,00,000 | 11.25% | 3 years | ₹6,563 | ₹36,268 |
| ₹5,00,000 | 11.25% | 5 years | ₹10,932 | ₹1,55,920 |
| ₹8,00,000 | 12% | 7 years | ₹14,122 | ₹3,86,248 |
| ₹10,00,000 | 13% | 7 years | ₹18,205 | ₹5,29,220 |
Canara Bank Personal Loan Eligibility Criteria
For Salaried Employees
- Age: 21 to 60 years
- Minimum salary: ₹15,000/month
- Employment: Minimum 1 year
- Credit score: 700+ preferred
- Documents: Salary slips, bank statements, PAN, Aadhaar
For Self-Employed
- Age: 21 to 65 years
- Business vintage: Min 2 years
- ITR: Last 2 years required
- Credit score: 720+ preferred
- Documents: ITR, P&L statement, bank statements
Frequently Asked Questions – Canara Bank Personal Loan EMI
What is Canara Bank personal loan interest rate in 2026?
Canara Bank personal loan interest rate ranges from 11.25% to 14% per annum in 2026 — among the lowest for public sector banks.
What is maximum loan amount for Canara Bank personal loan?
Canara Bank offers personal loans up to ₹10 lakhs with tenure up to 7 years.
Does Canara Bank offer personal loan for government employees?
Yes, Canara Bank has special Canara Budget scheme for government and PSU employees at preferential rates.
What is Canara Bank personal loan processing fee?
Canara Bank charges processing fee of 0.5% of loan amount plus applicable GST.
Can I prepay Canara Bank personal loan?
Yes, Canara Bank allows prepayment of personal loans. Check with your branch for applicable prepayment charges.