Canara Bank Increases Rate of Interest on Loans
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Public Sector Canara Bank Increases Rate of Interest on Loans including Housing Loans, Car Loans, MSME and all other loans linked to RLLR Floating, MCLR & others. The RLLR has been increased from 8.60% to 9.15%. It means No loan other than Housing Loan in Canara Bank can be extended below this rate. There is a discount of 0.25% to the women beneficiary for availing the Home loan.
Also Know – Canara Bank Revised Service Charges on Various Banking Services
HOUSING LOAN | ||||||||
Housing Loan | CRG : 1 | 9.15 | 0.00 | (-0.25) | 8.90 | 0.05 | (-0.25) | 8.95 |
*The above concession will be applicable to only Low Risk Borrowers where new housing loans (all variants) sanctioned and disbursed during the period i.e., from 01.01.2023 to 31.03.2023 | ||||||||
CRG : 2 | 9.15 | 0.05 | 0.00 | 9.20 | 0.10 | 0.00 | 9.25 | |
CRG : 3 | 9.15 | 0.45 | 0.00 | 9.60 | 0.50 | 0.00 | 9.65 | |
CRG : 4 | 9.15 | 1.95 | 0.00 | 11.10 | 2.00 | 0.00 | 11.15 | |
For Housing Loans under Commercial Real Estate (3rd & subsequent dwelling unit) – the applicable Rate of Interest shall be as above + 0.50% | ||||||||
CANARA VEHICLE LOAN | ||||||||
Canara Vehcile (4 Wheeler Loans including Agriculturists (General) | CRG : 1 | 9.15 | 0.10 | 0.00 | 9.25 | 0.15 | 0.00 | 9.30 |
CRG : 2 | 9.15 | 0.25 | 0.00 | 9.40 | 0.30 | 0.00 | 9.45 | |
CRG : 3 | 9.15 | 0.65 | 0.00 | 9.80 | 0.70 | 0.00 | 9.85 | |
CRG : 4 | 9.15 | 2.65 | 0.00 | 11.80 | 2.70 | 0.00 | 11.85 | |
Canara Green Vehicle (4 WHEELER Electric Vehicle including Agriculturist)* | CRG : 1 | 9.15 | 0.00 | 0.00 | 9.15 | 0.00 | 0.00 | 9.15 |
CRG : 2 | 9.15 | 0.15 | 0.00 | 9.30 | 0.15 | 0.00 | 9.30 | |
CRG : 3 | 9.15 | 0.55 | 0.00 | 9.70 | 0.55 | 0.00 | 9.70 | |
CRG : 4 | 9.15 | 2.70 | 0.00 | 11.85 | 2.70 | 0.00 | 11.85 | |
Canara Vehicle (2 Wheelers) | CRG : 1 | 9.15 | 2.10 | 0.00 | 11.25 | 2.15 | 0.00 | 11.30 |
CRG : 2 | 9.15 | 2.25 | 0.00 | 11.40 | 2.30 | 0.00 | 11.45 | |
CRG : 3 | 9.15 | 5.25 | 0.00 | 14.40 | 5.30 | 0.00 | 14.45 | |
CRG : 4 | 9.15 | 7.00 | 0.00 | 16.15 | 7.00 | 0.00 | 16.15 | |
For Detailed ROI for all the loan products – Click Here
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