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. 07.10.2021

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*
	Purchase/ Construction/ Extension/Repair or renovation of house.	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		1.0 0	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 Four Wheeler to Firms/Companies		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 Schemes
	Swarna Loan		6.90	0.45		7.35
	Swarna Overdraft		6.90	0.45		7.35
	Swarna Express		6.90	0.45		7.35
15	Canara Cash		6.90	6.55		13.45
16	Canara Pension
	General Public		6.90	3.30		10.20
	To our bank retirees i) Loan to retired employees and their family pensioners ii) To avail loan for payment of annual premium of IBA group mediclaim insurance policy		6.90	2.10		9.00
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