EMI stands for Equated Monthly Installment. It is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.

The EMI is calculated using a formula based on the loan amount, interest rate, and loan tenure.

Yes, this EMI calculator can be used for various loan types like home loans, personal loans, etc.

Yes, the higher the interest rate, the higher the EMI, and vice versa.

Yes, Canara Bank allows early repayment of loans with certain conditions.

A longer loan term generally results in a lower EMI but increases the total interest paid.

The minimum tenure is typically 1 year, and the maximum tenure is 7 years.

Contact Canara Bank to discuss the option of adjusting your EMI amount based on your financial situation.

Yes, this calculator provides an accurate estimate based on the data you enter.

In some cases, Canara Bank may offer 100% financing for car loans, but it depends on the eligibility criteria.