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Canara Bank Home Loan Calculator

Are you wondering what will be the maximum amount of home loan available to you on a particular EMI? Canara bank solves all such queries of yours by providing you with a tool to answer your questions. This tool is called the Canara bank home loan calculator. With the help of this calculator it is very simple to calculate the amount of (Equated Monthly Installments) EMI that you will have to pay eventually on the loan taken. The bank considers a number of things before sanctioning a loan to you. These things include
  • Your income
  • Your repayment capacity
  • The value of the property
  • The document verifications disbursed before applying for the loan.
The EMI calculator is not only quick to perform but is also very easy to use. It can be used as a guideline before availing a home loan. The calculator helps you to judge the actual loan amount you can afford, as it gives you a rough idea of the EMI that you would be required to pay. In case you are satisfied with the amount payable, you can then contact the bank in order to carry it forward. Steps to use the Canara Bank home loan calculator
  1. Enter the loan amount you require in the EMI home loan calculator
  2. Enter the tenure in months (period till which the loan would be needed)
  3. Reducing rate of interest
  4. Click on the calculate button


The minute you click on the calculate button your estimated EMI will flash on the screen. With the amount shown on the screen you can then decide whether to increase or decrease the loan amount you wish to avail. Along with the EMI, the screen also shows you the flat rate of interest (per annum as well as for per month), total amount with interest, yearly interest amount and total interest amount.

If you are not satisfied with the EMI amount, you can always recalculate the EMI on a new amount. You will then have to enter either a lesser amount or increase the loan tenure. Nothing is charged for using the Canara Bank home loan calculator. In case of any doubt during calculations, you can always contact the nearest branch or call at their toll free number 1800 425 0018 anywhere within India.

To calculate the EMI now click on the link given below
http://www.canarabank.com/English/scripts/ToolsandCalculators.aspx

Home Loan Calculator

 
The installment will not include any processing fee or charges which are applicable as per the rules of finance providing Authorities.
 
Loan Amount: :
Rate of interest (%) :
Time in Years :
Processing Fee(optional) :
Processing Fee Calculated :


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