Canara Bank Loan Calculator

Calculate your monthly EMI, eligibility, and repayment schedule for Canara Bank loans. Perfect for salary account holders and all loan types.

Loan Type

Loan Details

Enter the loan amount in Indian Rupees

Default rate: 10.5%

Max: 7 years

Used for amortization schedule dates

Summary

Monthly EMI
₹10,747
Total Interest
₹1,44,817
Total Payment
₹6,44,817

Principal vs Interest Ratio

77.5% Principal
22.5% Interest
Principal: ₹5,00,000Interest: ₹1,44,817

Payment Schedule

About Canara Bank Loans

Canara Bank offers a comprehensive range of loan products to meet diverse financial needs. Whether you're looking for a personal loan, home loan, gold loan, car loan, education loan, or jewel loan, Canara Bank provides competitive interest rates and flexible repayment options.

Personal Loans: Canara Bank personal loans are ideal for various personal expenses such as medical emergencies, wedding expenses, home renovation, or debt consolidation. The loan amount can range from ₹50,000 to ₹10 lakhs with flexible repayment tenures up to 7 years.

Home Loans: Canara Bank home loans help you realize your dream of owning a home. With competitive interest rates starting from 8.5% per annum, you can finance up to 90% of the property value. The loan tenure can extend up to 30 years, making monthly EMIs affordable.

Gold Loans: Canara Bank gold loans allow you to leverage your gold assets without selling them. You can get a loan of up to 75% of the gold's market value at competitive interest rates. The loan is processed quickly with minimal documentation, making it perfect for urgent financial needs.

Car Loans: Canara Bank car loans make vehicle ownership accessible with attractive interest rates and flexible repayment options. Whether you're buying a new car or a used car, Canara Bank offers financing solutions tailored to your needs.

Education Loans: Canara Bank education loans support your educational aspirations by covering tuition fees, accommodation, books, and other related expenses. The loan can be repaid after course completion with a moratorium period available.

Jewel Loans: Similar to gold loans, Canara Bank jewel loans allow you to get a loan against your jewelry. The loan-to-value ratio is typically 70% of the jewelry's market value, providing quick access to funds.

Salary Account Benefits: Canara Bank salary account holders enjoy special benefits including preferential interest rates, higher loan eligibility, faster processing, and reduced processing fees. The eligibility is calculated based on your monthly salary, with banks typically allowing up to 60% of net salary for EMI payments.

Use this calculator to plan your loan repayment, understand your EMI obligations, check eligibility based on your salary, and explore prepayment options to save on interest. The calculator provides detailed amortization schedules and allows you to export the payment schedule for your records.