Rates of Interest of all Retail Lending Schemes are linked to REPO LINKED LENDING RATE RLLR OF THE BANK – 7.30% w.e.f 07.05.2022
Sl. No
LOAN PRODUCT
CRG
RLLR
WOMEN BORROWERS
OTHER BORROWERS
(1)
(2)
(3)
(4)
(5)
(6)
Credit Risk Premium over RLLR
*Concession
Effective Rate of Interest under RLLR
Credit Risk Premium over RLLR
*Concession
Effective Rate of Interest under RLLR
1
HOUSING LOAN
Housing Loan
CRG : 1
7.30
0.00
(-0.25)
7.05
0.05
(-0.25)
7.10
*The above concession will be applicable to only Low Risk Borrowers where new housing loans (all variants) sanctioned and disbursed during the period i.e., from 01.04.2022 to 30.06.2022
CRG : 2
7.30
0.05
0.00
7.35
0.10
0.00
7.40
CRG : 3
7.30
0.45
0.00
7.75
0.50
0.00
7.80
CRG : 4
7.30
1.95
0.00
9.25
2.00
0.00
9.30
For Housing Loans under Commercial Real Estate (3rd & subsequent dwelling unit) -the applicable Rate of Interest shall be as above + 0.50%
ALL OTHER PERSONAL LOANS Including Loans To Individuals Against Other Approved Securities
CRG : 1
7.30
5.50
12.80
CRG : 2
7.30
5.55
12.85
CRG : 3
7.30
6.05
13.35
CRG : 4
7.30
7.00
14.30
17
CANARA PENSION
a. General Public
7.30
3.30
10.60
b. Our Bank Retirees
i)Loan to our Bank Retired Employees and their Family Pensionersii) To avail loan for payment of Annual Premium of the IBA group Mediclaim Insurance Policy
7.30
2.10
9.40
18
Canara Home Loan Secure
7.30
0.10
7.40
19
EDUCATION LOANS:
i. Vidya Sagar Scheme(Loan Quantum)*
a. upto Rs.7.50 lakhs
7.30
2.00
9.30
b. above Rs.7.50 lakh
7.30
1.60
8.90
ii.IBA Skill Loan (Max. Rs.1.50 lakh)#
7.30
1.50
8.80
iii. Vidya Turant Scheme
a.withcoborrower
7.30
0.00
7.30
b.with outcoborrower
7.30
0.60
7.90
iv.VidyaSahay Scheme (max.Rs.1.00 lakh)
7.30
2.00
9.30
v. Vidya Shakthi (Max Rs.7.50 lakhs)
7.30
0.00
7.30
* Concession of 0.50% ROI extended to girl students under Education Loans
#Concession of 0.50% for prompt servicing of Interest during course period under Education Loans
Customers are requested to call on our mentioned Toll Free Numbers only for any complaints/issues. Bank shall not be responsible for any consequences arising out of customers calling any other unverified numbers.