1800 1030PERSONAL BANKING
REPO LINKED LENDING RATE
Repo Linked Lending rate (RLLR) W.E.F 12.12.2024 is 9.25%
"TIME NORMS FOR RETAIL LOAN APPLICATIONS"
Sl No. |
Nature of Credit facilities |
Time Norms* |
||
|
Sanctions at Branch/ RAH |
Sanctions at Circle |
Sanctions at HO |
||
|
1 |
Housing Loans upto Rs. 25 lacs |
21 days |
30 days |
6 to 8 weeks |
|
2 |
Housing loans above Rs. 25 lacs |
30 days |
45 days |
8 to 9 weeks |
|
3 |
Canara Rent |
NA |
45 days |
8 to 9 weeks |
|
4 |
Canara Mortgage / other Mortgage based loans |
NA |
45 days |
8 to 9 weeks |
|
5 |
Canara Jeevan |
NA |
30 days |
NA |
|
6 |
Canara Vehicle |
7 days |
15 days |
2 to 3 weeks |
|
7 |
Canara Budget |
7 days |
15 days |
2 to 3 weeks |
*Number of working days/weeks from the date of submission of all required documents.
INTEREST RATE RANGE ON LOANS AND ADVANCES GRANTED TO INDIVIDUALS UNDER RETAIL LENDING
Sl No. |
Categories of advance |
Interest Rate Range of Contracted loans w.e.f. 01.04.2024 |
Mean Rate |
|
1 |
Housing Loan |
8.40 % to 11.75 % |
9.35% |
|
2 |
Canara Vehicle |
8.70 % to 16.25 % |
10.33% |
|
3 |
Canara Mortgage |
10.30 % to 12.80 % |
11.72% |
|
4 |
Canara Rent |
10.50 % to 11.05 % |
11.11% |
|
5 |
Canara Budget |
10.95 % to 15.95 % |
12.48% |
