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RATES OF INTEREST FOR RETAIL LENDING SCHEMES
Rates of Interest of all Retail Lending Schemes are linked to REPO LINKED LENDING RATE
RLLR OF THE BANK – 6.90% w.e.f. 07.01.2021
|
SL NO |
LOAN PRODUCT |
CIC - RISK GRADE |
RLLR |
WOMEN BORROWERS |
OTHER BORROWERS |
||||
|
|
|
|
|
CREDIT RISK PREMIUM OVER RLLR |
EFFECTIVE ROI UNDER RLLR |
CREDIT RISK PREMIUM OVER RLLR |
EFFECTIVE ROI UNDER RLLR |
||
|
1 |
Housing Loan |
||||||||
|
CS : 1 |
6.90 |
0.00 |
6.90 |
0.05 |
6.95 |
|||
|
CS : 2 |
6.90 |
0.05 |
6.95 |
0.10 |
7.00 |
||||
|
CS : 3 |
6.90 |
0.45 |
7.35 |
0.50 |
7.40 |
||||
|
CS : 4 |
6.90 |
1.95 |
8.85 |
2.00 |
8.90 |
||||
|
2 |
Canara Vehicle Loan |
||||||||
|
Four wheelers including Agriculturists |
CS : 1 |
6.90 |
0.40 |
7.30 |
0.45 |
7.35 |
|||
|
CS : 2 |
6.90 |
0.55 |
7.45 |
0.60 |
7.50 |
||||
|
CS : 3 |
6.90 |
0.95 |
7.85 |
1.00 |
7.90 |
||||
|
CS : 4 |
6.90 |
2.95 |
9.85 |
3.00 |
9.90 |
||||
|
Four Wheelers, for unrated i.e. where credit history is not available
|
CS : 2 |
6.90 |
0.55 |
7.45 |
0.60 |
7.50 |
|||
|
Two Wheelers |
CS : 1 |
6.90 |
2.10 |
9.00 |
2.15 |
9.05 |
|||
|
CS : 2 |
6.90 |
2.25 |
9.15 |
2.30 |
9.20 |
||||
|
CS : 3 |
6.90 |
5.25 |
12.15 |
5.30 |
12.20 |
||||
|
CS : 4 |
6.90 |
7.00 |
13.90 |
7.00 |
13.90 |
||||
|
Two Wheelers, for unrated i.e. where credit history is not available |
CS : 2
|
6.90
|
3.25
|
10.15
|
3.30
|
10.20
|
|||
* For Housing loans under Commercial Real Estate (3rd & subsequent dwelling unit) the applicable rate shall be the above rate +0.50%
|
|
LOAN PRODUCT |
CIC - RISK GRADE |
RLLR |
CREDIT RISK PREMIUM OVER RLLR |
EFFECTIVE ROI UNDER RLLR |
||||
|
3 |
Housing Loan to Corporates |
6.90 |
1.25 |
8.15 |
|||||
|
4 |
Canara Vehicle Loan |
6.90 |
0.60 |
7.50 |
|||||
|
5 |
Home Improvement Loan |
CS : 1 |
6.90 |
2.50 |
9.40 |
||||
|
CS : 2 |
6.90 |
2.55 |
9.45 |
||||||
|
CS : 3 |
6.90 |
3.05 |
9.95 |
||||||
|
CS : 4 |
6.90 |
4.55 |
11.45 |
||||||
|
6 |
Canara Home Loan Plus |
CS : 1 |
6.90 |
0.55 |
7.45 |
||||
|
CS : 2 |
6.90 |
0.60 |
7.50 |
||||||
|
CS : 3 |
6.90 |
1.10 |
8.00 |
||||||
|
CS : 4 |
6.90 |
2.60 |
9.50 |
||||||
|
7 |
Canara Home Loan Secure |
6.90 |
0.10 |
7.00 |
|||||
|
8 |
Canara Mortgage |
CS : 1 |
6.90 |
3.05 |
9.95 |
||||
|
CS : 2 |
6.90 |
3.10 |
10.00 |
||||||
|
CS : 3 |
6.90 |
3.60 |
10.50 |
||||||
|
CS : 4 |
6.90 |
5.10 |
12.00 |
||||||
|
9 |
Canara Site |
CS : 1 |
6.90 |
1.05 |
7.95 |
||||
|
CS : 2 |
6.90 |
1.10 |
8.00 |
||||||
|
CS : 3 |
6.90 |
1.60 |
8.50 |
||||||
|
CS : 4 |
6.90 |
2.10 |
9.00 |
||||||
|
10
|
Canara Rent |
||||||||
|
a) Navaratna PSUs, AAA rated Companies, Fortune 500 Companies, MNCs, Banks & Insurance Companies |
6.90
|
2.10
|
9.00
|
||||||
|
b) Others |
6.90 |
2.40 |
9.30 |
||||||
|
c) Property leased to our Bank |
6.90 |
1.90 |
8.80 |
||||||
|
11 |
Canara Jeevan |
6.90 |
1.60 |
8.50 |
|||||
|
12 |
Canara Budget-Individual |
CS : 1 |
6.90 |
4.35 |
11.25 |
||||
|
CS : 2 |
6.90 |
4.40 |
11.30 |
||||||
|
CS : 3 |
6.90 |
4.90 |
11.80 |
||||||
|
CS : 4 |
6.90 |
6.40 |
13.30 |
||||||
|
13 |
Canara Budget - Special Package |
||||||||
|
With salary Tie Up |
6.90 |
4.40 |
11.30 |
||||||
|
Without salary Tie Up |
6.90 |
5.40 |
12.30 |
||||||
|
14 |
Swarna Loan |
6.90 |
0.75 |
7.65 |
|||||
|
15 |
Canara Cash |
6.90 |
6.55 |
13.45 |
|||||
|
16 |
Canara Pension |
6.90 |
3.30 |
10.20 |
|||||
|
17 |
Teachers Loan |
CS : 1 |
6.90 |
4.00 |
10.90 |
||||
|
CS : 2 |
6.90 |
4.05 |
10.95 |
||||||
|
CS : 3 |
6.90 |
4.55 |
11.45 |
||||||
|
CS : 4 |
6.90 |
6.05 |
12.95 |
||||||
|
18 |
All Other Personal Loans |
CS : 1 |
6.90 |
5.50 |
12.40 |
||||
|
CS : 2 |
6.90 |
5.55 |
12.45 |
||||||
|
CS : 3 |
6.90 |
6.05 |
12.95 |
||||||
|
CS : 4 |
6.90 |
7.00 |
13.90 |
||||||
|
19 |
Education Loans ## |
||||||||
| i) Vidya Sagar Scheme (Loan Quantum) # | a. Upto Rs 7.5 Lakhs | 6.90 | 2.00 | 8.90 | |||||
| b. Above Rs 7.5 Lakhs | 6.90 | 1.60 | 8.50 | ||||||
| ii) IBA Skill Loan (Max Rs 1.50 lakh) | 6.90 | 1.50 | 8.40 | ||||||
| iii) Vidya Turant Scheme | a. With Co-borrower | 6.90 | 0.00 | 6.90 | |||||
| b. Without Co-borrower | 6.90 | 0.60 | 7.50 | ||||||
| iv) Vidya Sahay Scheme (max 1.00 lakh) | 6.90 | 2.00 | 8.90 | ||||||
| v) Vidya Shakthi Scheme (Max 7.5 Lakhs) | 6.90 | 0.00 | 6.90 | ||||||
| ## Concession of 0.50% for prompt servicing of interest during course period under education loan | |||||||||
| # Concession of 0.50% ROI extended to girl students under Education Loan | |||||||||