Canara Bank - Interest Rates : Loans Accounts

Base Rate (BR) of the Bank – 8.00% w.e.f 01.07.2010.

RATES AT A QUICK GLANCE (RATE OF INTEREST)

LOANS

Retail Loan Festival – 1st September 2010 to 31st January 2011 - Rate of Interest/processing charges during the festival period

CANARA BANK RATE OF INTEREST UNDER HOUSING LOAN W.E.F. 01.07.2010

(Rupees)

Repayment	Upto Rs.30 lacs	Above Rs.30 lacs upto Rs.1 crore	Above Rs.1 crore upto Rs.3 crores	Above Rs. 3 crores
	FL	FL	FL	12.00% (Base Rate+4%)
Upto 5 years	9.00	9.50	9.75
Above 5 years & upto 10 years	9.25	9.75	10.25
Above 10 years & upto 25 years	9.50	10.25	11.25
Processing Charges
		Min	Max
	0.50%	500	10000

Additional interest @ 0.25% above the card rates as above for acquisition of second house/flat shall continue to be charged.

Personal Loan	ROI	Processing Charges (Rupees)
a) Consumer Durable Loan			< >
b) Senior Citizen Loan Scheme (Canara Pension)	11.25%	NIL	NIL	NIL
Canara Jeevan	9.75%	NIL	NIL	NIL
c) Personal Loan Scheme
d) Others
Home Improvement loan Where EMT of the house / flat is available in respect of loan availed as part of our housing finance OR where housing finance earlier availed by the party from our Bank is existing (without any overdues) In all other cases other than the above at BPLR	As applicable to Housing Finance 12.00	0.5% 0.5%	500 500	10000 10000
CANARASITE (I) Loans repayable in 5 years (inclusive of 5 years) (II) Existing loans repayble over 5 years (Max. 10 years)	14.00 14.00	0.5%	500	10000
SWARNA LOAN	12.25	1%	50	500
CANARA CASH	14.00	0.1%	100	250
CANARA BUDGET	14.00	0.5%	100	500
TEACHERS' LOAN	14.00	1%	50	NA
CANARA GUIDE	13.00	NA	500	NA

PERIOD	ROI		Processing Charge
PERIOD	Navaratna	Others	% age	Min	Max
CANARA RENT	12.25	12.50	0.5%	NA	NA

	ROI	Processing Charge
		% age	Min	Max
CANARA MORTGAGE	13.75	0.5%	NA	NA

CANARA MOBILE LOANS	ROI		Processing Charges
a) Two Wheeler	11%		0.1%	100	250

b) Three Wheeler	-	-	-	-	-
c) Four Wheeler	11%		0.1%	250	500

4. Educational Loans
Rate of Interest					Processing Charges
Rate of Interest and processing charges	Rs. 4.00 lakhs	Above Rs. 4.00 lakhs upto Rs. 7.50 lakhs	Above Rs. 7.50 lakhs upto Rs. 20.00 lakhs	Above Rs. 15.00 lakhs upto Rs. 20.00 lakhs	For Studies in India : NIL For studies abroad : 1% of the loan amount In case the sanctioned loan is availed by the borrower, the processing charges is recredited to the education loan account
	11.00% (BPLR – 1.00%)	12.00% (BPLR)	9.75% ( BPLR – 2.25%)	9.75% (BPLR – 2.25%)
For studies at IIMs/IITs/ISB/XLRI/ISM & Other Premier Institutes / Business schools approved by the Bank for studies in India – irrespective of the loan quantum upto Rs. 10.00 lakhs.				9.25% (BPLR - 2.75%)

Benchmark Prime Lending Rate (BPLR) of the Bank – 12.50% from 12.08.2010

Note :
1.00% concession on the applicable rate is extended to girl students for education loans sanctioned from 1.12.2005 upto 30.06.2010

0.50% concession in Rate of Interest is extended on the applicable rate for prompt servicing of interest during study period / repayment holiday.

Loans for Traders & Businessmen: w.e.f. 12.08.2010
Upto Rs.2 lakhs	13.00% p.a.
Above Rs.2 lacs	14.25% p.a.

Doctor's Choice (Medical practitioners Loan Scheme) w.e.f 01.04.2009
Aggregate limit
	Revised w.e.f. 01.04.2009
	Micro Enterprises		Small & Medium Enterprises
	Working capital	Term Loans	Working Capital	Term Loans
Upto Rs. 50000	8.75	9.25	9.25	9.75
>Rs. 50000 upto Rs. 2.00 lacs	9.25	9.75	9.75	10.25
> Rs. 2 lacs upto Rs.5 lacs	9.50	10.00	10.00	10.50
> Rs. 5 lacs upto Rs.10 lacs	10.50	11.00	11.00	11.50

IPO Financing:
w.e.f. 12.08.2010

13.50 % p.a.

Loans to individuals (Clean OD/DPN other than Teachers’ loan):

16.00% p.a.

BULC:(wef 12.08.2010)
Upto 90 days	8.00% p.a.
Above 90 days Upto 180 days	8.75% p.a.

Loans to individuals (secured) against approved securities
w.e.f. 12.08.2010

15.50% p.a.

Loans against Debt Oriented Mutual Funds: w.e.f. 12.08.2010

13.50% p.a.

KINDLY NOTE : Interest rates are liable to change without prior notice.