Monthly EMI: ₹12,641 at 8.95% for 10 years. Total interest: ₹5,16,920.
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With a ₹10 Lakh loan against property from Canara Bank at 8.95% for 10 years, you will pay a monthly EMI of ₹12,641. The total amount payable is ₹15,16,920, of which ₹5,16,920 is interest.
At 8.95% interest rate for 10 years, the EMI for ₹10 Lakh Loan Against Property from Canara Bank is ₹12,641 per month. Total interest payable: ₹5,16,920.
Canara Bank offers Loan Against Property at 8.95 - 12.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹10 Lakh at 8.95% for 10 years, you would pay approximately ₹5,16,920 as total interest, making the total repayment ₹15,16,920.
Canara Bank's prepayment policy for Loan Against Property: Nil for floating rate. Making prepayments can significantly reduce your total interest outgo.
Canara Bank offers competitive rates starting from 8.95 - 12.00% with tenure up to 15 years. Compare with other banks on this page to find the best option for your ₹10 Lakh loan against property.