Show

Personal Banking

MARGINAL COST OF FUNDS LENDING RATE:

ONE YEAR MCLR OF THE BANK – 8.30% w.e.f. 07.09.2017

Personal Loan



A wedding in the family? Maybe your house needs renovation? Our range of Personal Loans brings you one step closer to your dreams.

Know More

"TIME NORMS FOR RETAIL LOAN APPLICATIONS"

Sl No. Nature of Credit facilities Time Norms*
Sanctions at Branch/ RAH Sanctions at Circle Sanctions at HO

1

Housing Loans upto Rs. 25 lacs

21 days

30 days

6 to 8 weeks

2

Housing loans above Rs. 25 lacs

30 days

45 days

8 to 9 weeks

3

Canara Rent

NA

45 days

8 to 9 weeks

4

Canara Mortgage / other Mortgage based loans

NA

45 days

8 to 9 weeks

5

Canara Jeevan

NA

30 days

NA

6

Canara Vehicle

7 days

15 days

2 to 3 weeks

7

Canara Budget

7 days

15 days

2 to 3 weeks

8

Teacher's Loan

7 days

15 days

2 to 3 weeks

9

Canara Consumer Loan

7 days

15 days

2 to 3 weeks

*Number of working days/weeks from the date of submission of all required documents.

  

INTEREST RATE RANGE ON LOANS AND ADVANCES GRANTED TO INDIVIDUALS UNDER RETAIL LENDING

Sl No. Categories of advances granted to individual customers Interest Rate Range of contracted loans for the past quarter Mean Rate

1

Housing Loan

9.15% to 10.55%

9.42%

2

Canara Budget

11.50% to 14.65%

12.67%

3

Canara Vehicle

9.45% to 12.55%

9.90%

4

Canara Mortgage

12.15% to 12.35%

12.27%

5

Canara Rent

11.25% to 12.35%

11.40%