REPO LINKED LENDING RATE
Repo Linked Lending rate(RLLR) W.E.F 12.09.2023 is 9.25% 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.
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"TIME NORMS FOR RETAIL LOAN APPLICATIONS"
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
45 days
8 to 9 weeks
3
Canara Rent
NA
4
Canara Mortgage / other Mortgage based loans
5
Canara Jeevan
6
Canara Vehicle
7 days
15 days
2 to 3 weeks
7
Canara Budget
8
Teachers Loan
*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
Categories of advance
Interest Rate Range of Contracted loans w.e.f. from 01.07.2023
Mean Rate
Housing Loan
8.55 % to 11.25 %
9.49%
8.80 % to 16.25 %
10.53%
Canara Mortgage
10.30 % to 12.80 %
12.11%
10.55 % to 10.75 %
11.32%
10.65 % to 15.65 %
12.91%
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