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canara bank
  • About Us
    • Board of Director
  • Financial Results
  • PMJDY and Financial Inclusions
  • Press Release
  • Tenders
  • E Auction Properties
  • Amalgamation
  • Announcements
  • Careers
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    • Loan Products
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    • Contact Us
    • Appeal to Physical Shareholders of Canara Bank
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  • RATESOFINTERESTFORRETAILLENDINGSCHEMES
Got any Questions?
Call us Today!

Toll Free Numbers

Canara Bank
1800 425 0018
1800 103 0018
1800 208 3333
1800 3011 3333


Non Toll Free Numbers
(if calling from outside India)

+91-80-22064232

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.

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 – 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%

 

2

CANARA VEHICLE LOAN

 

Four Wheelers including Agriculturists

CRG : 1

7.30

0.40

0.00

7.70

0.45

0.00

7.75

 

CRG : 2

7.30

0.55

0.00

7.85

0.60

0.00

7.90

 

CRG : 3

7.30

0.95

0.00

8.25

1.00

0.00

8.30

 

CRG : 4

7.30

2.95

0.00

10.25

3.00

0.00

10.30

 

Canara Vehicle         (2  Wheelers)

CRG : 1  

7.30

2.10

0.00

9.40

2.15

0.00

9.45

 

CRG : 2  

7.30

2.25

0.00

9.55

2.30

0.00

9.60

 

CRG : 3

7.30

5.25

0.00

12.55

5.30

0.00

12.60

 

CRG : 4

7.30

7.00

0.00

14.30

7.00

0.00

14.30

 

Sl. No

LOAN PRODUCT

CRG

RLLR

Credit Risk Premium over RLLR

Effective Rate of Interest under RLLR

 

(1)

(2)

(3)

(4)

(5)

(6)

 

3

Housing Loan to Corporate

7.30

1.25

8.55

 

4

Canara Vehicle (4 Wheelers) to  Firms/Companies

7.30

0.60

7.90

 

OTHER RETAIL LENDING SCHEMES

 

5

Home Improvement Loan

CRG : 1

7.30

2.50

9.80

 

CRG : 2

7.30

2.55

9.85

 

CRG : 3

7.30

3.05

10.35

 

CRG : 4

7.30

4.55

11.85

 

6

CANARA HOME LOAN PLUS - Term Loan

CRG : 1

7.30

0.55

7.85

 

CRG : 2

7.30

0.60

7.90

 

CRG : 3

7.30

1.10

8.40

 

CRG : 4

7.30

2.60

9.90

 

7

Canara Mortgage

CRG : 1

7.30

3.05

10.35

 

CRG : 2

7.30

3.10

10.40

 

CRG : 3

7.30

3.60

10.90

 

CRG : 4

7.30

5.10

12.40

 

8

Canara Site

CRG : 1

7.30

1.05

8.35

 

CRG : 2

7.30

1.10

8.40

 

CRG : 3

7.30

1.60

8.90

 

CRG : 4

7.30

2.10

9.40

 

9

Canara Jeevan

7.30

1.60

8.90

 

10

Canara Budget - Individual

CRG : 1

7.30

4.35

11.65

 

CRG : 2

7.30

4.40

11.70

 

CRG : 3

7.30

4.90

12.20

 

CRG : 4

7.30

6.40

13.70

 

11

Canara Budget - Special Package  

 

(With Salary Tie-Up)

7.30

4.40

11.70

 

(Without Salary Tie-Up)

7.30

5.40

12.70

 

12

CANARA RENT

 

 

 

 

 

 

 

 

a)  Navratna PSUs, AAA rated Companies, Fortune 500 Companies, MNCRG, Banks, Insurance Companies

7.30

2.10

9.40

 

b) Others

7.30

2.40

9.70

 

c) Property leased to our Bank

7.30

1.90

9.20

 

13

SWARNA SCHEMES    #

 

Swarna Loan

7.30

0.35

7.65

 

Swarna Overdraft

7.30

0.35

7.65

 

Swarna Express

7.30

0.35

7.65

 

14

CANARA CASH

7.30

6.55

13.85

 

15

Teachers Loan

CRG : 1

7.30

4.00

11.30

 

CRG : 2

7.30

4.05

11.35

 

CRG : 3

7.30

4.55

11.85

 

CRG : 4

7.30

6.05

13.35

 

16

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 Pensioners   ii) 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

Got any Questions?
Call us Today!

Toll Free Numbers

Canara Bank
1800 425 0018
1800 103 0018
e-Syndicate
1800 208 3333
1800 3011 3333


Non Toll Free Numbers
(if calling from outside India)

+91-80-22064232

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.
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Last Updated on: 17/05/2022 |   Visitors: 599431        

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