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