Canara Bank Reduces Home Loan Interest Rate, Defies Trend

Canara Bank Reduces Home Loan Interest Rate – Public sector Canara bank defies trend and cuts Interest rate on various loan products like Home loan, Card Loan, Mortgages, MSME and others. The reduction in rates are introduced even after recent hike in repo rate by RBI. Almost all the banks have raised the Interest rate on various loan products post increase in repo rate by 0.25%. Canara Bank Repo Linked Lending Rates (RLLR) is kept at 9.25% where as Home Loan are available as low as 8.85% for women customers and 8.90% for CRG Prime rated borrowers (Based on Internal lending grade). The discount on Interest rate for Car Loans are discounted by 0.10%.

Canara Bank is providing the discounted ROI to borrowers with the best credit scores and to women. The discounted Interest rate will not be available for the loan where repayment period is less than 3 Years. Also Know – Canara Bank Latest Fixed Deposit Interest Rates

Canara Bank Discounted Loan ROI

Home Loan 

Women Borrowers – 8.85% (RLLR-0.40%)

Others – 8.90% (RLLR-0.35%)

Car Loan

For all borrowers – 9.15%