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

9.15

0.00

(-0.25)

8.90

0.05

(-0.25)

8.95

*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 01.03.2023 to 31.03.2023

CRG : 2

9.15

0.05

0.00

9.20

0.10

0.00

9.25

CRG : 3

9.15

0.45

0.00

9.60

0.50

0.00

9.65

CRG : 4

9.15

1.95

0.00

11.10

2.00

0.00

11.15

  For Housing Loans under Commercial Real Estate (3rd dwelling unit) - the applicable Rate of Interest shall be as above + 0.25% For Housing Loans under Commercial Real Estate (4th and subsequent dwelling unit) - the applicable Rate of Interest shall be as above + 0.50%

2

CANARA VEHICLE LOAN

Canara Vehcile (4 Wheeler Loans including Agriculturists (General)

CRG : 1

9.15

0.10

0.00

9.25

0.15

0.00

9.30

CRG : 2

9.15

0.25

0.00

9.40

0.30

0.00

9.45

CRG : 3

9.15

0.65

0.00

9.80

0.70

0.00

9.85

CRG : 4

9.15

2.65

0.00

11.80

2.70

0.00

11.85

Canara Green Vehicle (4 WHEELER Electric Vehicle including Agriculturist)*

CRG : 1

9.15

0.00

0.00

9.15

0.00

0.00

9.15

CRG : 2

9.15

0.15

0.00

9.30

0.15

0.00

9.30

CRG : 3

9.15

0.55

0.00

9.70

0.55

0.00

9.70

CRG : 4

9.15

2.70

0.00

11.85

2.70

0.00

11.85

Canara Vehicle         (2  Wheelers)

CRG : 1  

9.15

2.10

0.00

11.25

2.15

0.00

11.30

CRG : 2  

9.15

2.25

0.00

11.40

2.30

0.00

11.45

CRG : 3

9.15

5.25

0.00

14.40

5.30

0.00

14.45

CRG : 4

9.15

7.00

0.00

16.15

7.00

0.00

16.15

Sl. No

LOAN PRODUCT

CRG

RLLR

where security is equal to 200%

where security is equal to >200%=300%

where security is equal to >300%

Credit Risk Premium over RLLR

Effective Rate of Interest under RLLR

Credit Risk Premium over RLLR

Effective Rate of Interest under RLLR

Credit Risk Premium over RLLR

Effective Rate of Interest under RLLR

3

Canara Mortgage

CRG : 1

9.15

1.25

10.40

1.15

10.30

1.05

10.20

CRG : 2

9.15

1.50

10.65

1.40

10.55

1.30

10.45

CRG : 3

9.15

2.05

11.20

1.95

11.10

1.85

11.00

CRG : 4

9.15

3.55

12.70

3.45

12.60

3.35

12.50

Sl. No

LOAN PRODUCT

CRG

RLLR

Credit Risk Premium over RLLR

Effective Rate of Interest under RLLR

(1)

(2)

(3)

(4)

(5)

(6)

3

*Canara Vehicle (4 Wheelers) to  Firms/Companies (General & Electric Vehicle)

-

9.15

0.30

9.45

OTHER RETAIL LENDING SCHEMES

4

Home Improvement Loan

CRG : 1

9.15

2.50

11.65

CRG : 2

9.15

2.55

11.70

CRG : 3

9.15

3.05

12.20

CRG : 4

9.15

4.55

13.70

5

CANARA HOME LOAN PLUS - Term Loan

CRG : 1

9.15

0.55

9.70

CRG : 2

9.15

0.60

9.75

CRG : 3

9.15

1.10

10.25

CRG : 4

9.15

2.60

11.75

6

Canara Mortgage

CRG : 1

9.15

1.50

10.65

CRG : 2

9.15

1.55

10.70

CRG : 3

9.15

2.05

11.20

CRG : 4

9.15

3.55

12.70

7

Canara Site

CRG : 1

9.15

1.05

10.20

CRG : 2

9.15

1.10

10.25

CRG : 3

9.15

1.60

10.75

CRG : 4

9.15

2.10

11.25

8

Canara Jeevan

9.15

1.60

10.75

9

Canara Budget - Individual

CRG : 1

9.15

4.35

13.50

CRG : 2

9.15

4.40

13.55

CRG : 3

9.15

4.90

14.05

CRG : 4

9.15

6.40

15.55

10

                 Canara Budget - Special Package  

(With Salary Tie-Up)

9.15

4.40

13.55

(Without Salary Tie-Up)

9.15

5.40

14.55

11

                                 CANARA RENT

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

9.15

1.50

10.65

b) Others

9.15

1.80

10.95

c) Property leased to our Bank

9.15

1.30

10.45

12

                          SWARNA SCHEMES    #

Swarna Loan

9.15

0.35

9.50

Swarna Overdraft

9.15

0.35

9.50

Swarna Express

9.15

0.35

9.50

13

CANARA CASH

9.15

6.55

15.70

14

Teachers Loan

CRG : 1

9.15

4.00

13.15

CRG : 2

9.15

4.05

13.20

CRG : 3

9.15

4.55

13.70

CRG : 4

9.15

6.05

15.20

15

ALL OTHER PERSONAL LOANS Including  Loans To Individuals Against Other Approved Securities 

CRG : 1

9.15

5.50

14.65

CRG : 2

9.15

5.55

14.70

CRG : 3

9.15

6.05

15.20

CRG : 4

9.15

7.00

16.15

16

CANARA PENSION

a. General Public

9.15

3.30

12.45

                                              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

9.15

2.10

11.25

17

CANARA HOME LOAN SECURE

9.15

0.10

9.25

18

                                          EDUCATION LOANS:

i. Vidya Sagar Scheme  (Loan Quantum) *$

a. upto Rs.7.50 lakh

9.15

2.00

11.15

b. above Rs. 7.50 lakh

9.15

1.60

10.75

    ii.  IBA Skill Loan (Max. Rs.1.50 lakh)   $

9.15

1.50

10.30

iii. Vidya Turant Scheme

a.with coborrower

9.15

0.00

9.15

b.with out coborrower

9.15

0.60

9.75

**NEW EDUCATION LOAN SCHEME FOR PURSUING MASTER’S DEGREE IN ABROAD FROM SELECT TOP RANKING UNIVERSITIES OF WORLD

COLL . SECURITY 100% & above

9.15

1.60

10.75

COLL.  SECURITY 75% & above (less than 100%).

9.15

1.85

11.00

COLL. SECURITY 50% & above (less than 75%).

9.15

2.10

11.25

iv.Vidya Sahay Scheme (max.Rs.1.00 lakh)

9.15

2.00

11.15

v. Vidya Shakthi (Max Rs.7.50 lakhs)

9.15

0.00

9.15

*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

**the ROI linked with collateral security