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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 – 8.30% w.e.f. 01.10.2019

 

SL NO

LOAN PRODUCT

CIC - RISK GRADE

RLLR

WOMEN BORROWERS

OTHER BORROWRS

 

 

 

 

CREDIT RISK PREMIUM OVER RLLR

EFFECTIVE ROI UNDER RLLR

CREDIT RISK PREMIUM OVER RLLR

EFFECTIVE ROI UNDER RLLR

1

Housing Loan

HOUSING LOAN

CS : 1

8.30

0.00

8.30

0.05

8.35

CS : 2

8.30

0.05

8.35

0.10

8.40

CS : 3

8.30

0.45

8.75

0.50

8.80

CS : 4

8.30

1.95

10.25

2.00

10.30

For Housing loans under Commercial Real Estate (3rd & subsequent dwelling unit) the appicable rate shall be the above rate +0.50%

2

Canara Vehicle Loan

Four wheelers including Agriculturists

CS : 1

8.30

0.40

8.70

0.45

8.75

CS : 2

8.30

0.55

8.85

0.60

8.90

CS : 3

8.30

0.95

9.25

1.00

9.30

CS : 4

8.30

2.95

11.25

3.00

11.30

Canara Vehicle (4 Wheelers) for unrated i.e., where credit history is not available

CS : 2

8.30

0.55

8.85

0.60

8.90

Canara Vehicle (2 Wheelers)

CS : 1

8.30

3.10

11.40

3.15

11.45

CS : 2

8.30

3.25

11.55

3.30

11.60

CS : 3

8.30

5.25

13.55

5.30

13.60

CS : 4

8.30

7.00

15.30

7.00

15.30

Canara Vehicle (2 Wheelers) for unrated i.e., where credit history is not available

CS : 2

8.30

3.25

11.55

3.30

11.60

 

LOAN PRODUCT

CIC - RISK GRADE

RLLR

CREDIT RISK PREMIUM OVER RLLR

EFFECTIVE ROI UNDER RLLR

3

Home Improvement Loan

CS : 1

8.30

2.50

10.80

CS : 2

8.30

2.55

10.85

CS : 3

8.30

3.05

11.35

CS : 4

8.30

4.55

12.85

 

 

4

 

 

CANARA HOME LOAN PLUS

a) Term Loans

CS : 1

8.30

0.55

8.85

CS : 2

8.30

0.60

8.90

CS : 3

8.30

1.10

9.40

CS : 4

8.30

2.60

10.90

b) Overdrafts

CS : 1

8.30

1.05

9.35

CS : 2

8.30

1.10

9.40

CS : 3

8.30

1.60

9.90

CS : 4

8.30

3.10

11.40

5

Canara Mortgage

CS : 1

8.30

3.05

11.35

CS : 2

8.30

3.10

11.40

CS : 3

8.30

3.60

11.90

CS : 4

8.30

5.10

13.40

6

Canara Site

CS : 1

8.30

1.05

9.35

CS : 2

8.30

1.10

9.40

CS : 3

8.30

1.60

9.90

CS : 4

8.30

2.10

10.40

7

    Canara Jeevan

8.30

1.60

9.90

8

Canara Budget

CS : 1

8.30

4.35

12.65

CS : 2

8.30

4.40

12.70

CS : 3

8.30

4.90

13.20

CS : 4

8.30

6.40

14.70

9

   Canara Budget - Special Package

With salary Tie Up

8.30

4.40

12.70

Without salary Tie Up

8.30

5.40

13.70

10

  Canara Rent

a) Navaratna PSUs, AAA rated Companies, Fortune 500 Companies, MNCs, Banks & Insurance Companies

8.30

2.10

10.40

b) Others

8.30

2.40

10.70

c) Property leased to our Bank

8.30

1.90

10.20

11

Swarna Loan

Upto Rs. 5.00 Lakhs

8.30

1.80

10.10

Above Rs. 5.00 Lakhs

8.30

1.90

10.20

12

Canara Cash

8.30

6.55

14.85

 

LOAN PRODUCT

CIC - RISK GRADE

RLLR

CREDIT RISK PREMIUM OVER RLLR

EFFECTIVE ROI UNDER RLLR

13

Teachers Loan

CS : 1

8.30

4.00

12.30

CS : 2

8.30

4.05

12.35

CS : 3

8.30

4.55

12.85

CS : 4

8.30

6.05

14.35

14

Canara Consumer Loan

CS : 1

8.30

4.50

12.80

CS : 2

8.30

4.55

12.85

CS : 3

8.30

5.05

13.35

CS : 4

8.30

6.55

14.85

15

All Other Personal Loans

CS : 1

8.30

5.50

13.80

CS : 2

8.30

5.55

13.85

CS : 3

8.30

6.05

14.35

CS : 4

8.30

7.00

15.30

16

    Canara Pension

8.30

3.30

11.60

17

    Canara Home Loan Secure

8.30

0.10

8.40