Monthly EMI: ₹22,768 at 10.55% for 3 years. Total interest: ₹1,19,648.
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With a ₹7 Lakh personal loan from Canara Bank at 10.55% for 3 years, you will pay a monthly EMI of ₹22,768. The total amount payable is ₹8,19,648, of which ₹1,19,648 is interest.
At 10.55% interest rate for 3 years, the EMI for ₹7 Lakh Personal Loan from Canara Bank is ₹22,768 per month. Total interest payable: ₹1,19,648.
Canara Bank offers Personal Loan at 10.55 - 14.20% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹7 Lakh at 10.55% for 3 years, you would pay approximately ₹1,19,648 as total interest, making the total repayment ₹8,19,648.
Canara Bank's prepayment policy for Personal Loan: 3% of outstanding. Making prepayments can significantly reduce your total interest outgo.
Canara Bank offers competitive rates starting from 10.55 - 14.20% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹7 Lakh personal loan.