Canara Bank EMI Calculator 2026
Calculate your monthly EMI for a Canara Bank home, car or personal loan. The interest rate is pre-filled with Canara Bank's starting rate, and you can change any value. No PAN, no sign-up. Nothing leaves your browser.
Year-by-year repayment schedule
| Year | Principal paid | Interest paid | Balance left |
|---|
Canara Bank loan interest rates (October 2026)
| Canara Bank loan | Starting rate (p.a.) | Example loan | EMI |
|---|---|---|---|
| Home loan | From 7.40% | ₹30 lakh, 20 yrs | ₹23,985 |
| Car loan | Check with bank | ₹8 lakh, 5 yrs | ₹16,510 |
| Personal loan | From 9.95% | ₹5 lakh, 5 yrs | ₹10,611 |
How Canara Bank calculates your EMI
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments. For example, a ₹30 lakh Canara Bank home loan at 7.40% for 20 years has an EMI of about ₹23,985. Early EMIs are mostly interest, and the principal part grows every month.
About Canara Bank
Canara Bank is a public sector bank headquartered in Bengaluru. As a public sector bank, it links most home loans to an external benchmark such as the RBI repo rate, so your EMI can change when the RBI changes rates.
Before you apply, see the Canara Bank CIBIL score requirement, check how much loan you may be eligible for and make sure your total EMIs fit your income with the FOIR calculator.
Frequently asked questions
What is the EMI on a ₹30 lakh home loan from Canara Bank?
At 7.40% (Canara Bank's published starting rate) for 20 years, the EMI is about ₹23,985 a month. You would pay about ₹27,56,325 in interest over the loan.
What is the EMI on a ₹5 lakh Canara Bank personal loan?
At 9.95% for 5 years, the EMI is about ₹10,611 a month and the total interest is about ₹1,36,674.
Does my CIBIL score change my Canara Bank interest rate?
Yes. Canara Bank gives its lowest rates to borrowers with strong credit scores, usually 750 or above. On a ₹30 lakh, 20-year home loan, just 1% more interest raises the EMI from about ₹23,985 to ₹25,845.
Is this the official Canara Bank EMI calculator?
No. CibilScores.com is independent and not linked to Canara Bank. The EMI formula is the same one banks use, but your final rate, fees and EMI come from the bank's sanction letter.