Canara Bank Increases Rate of Interest on Loans
1 minute read
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 |
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|
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 |
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|
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% |
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|
CANARA VEHICLE LOAN |
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|
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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