REPO LINKED LENDING RATE

Repo Linked Lending rate (RLLR) W.E.F 12.06.2024 is 9.25%
Personal Loan

 

"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

*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 advance

Interest Rate Range of Contracted loans w.e.f. 01.04.2024

Mean Rate

1

Housing Loan

8.40 % to 11.75 %

9.35%

2

Canara Vehicle

8.70 % to 16.25 %

10.33%

3

Canara Mortgage

10.30 % to 12.80 %

11.72%

4

Canara Rent

10.50 % to 11.05 %

11.11%

5

Canara Budget

10.95 % to 15.95 %

12.48%