|
RATES OF INTEREST FOR RETAIL LENDING SCHEMES
|
|
Rates of Interest of all Retail Lending Schemes are linked to FIXED RATE OF INTEREST
|
|
RLLR OF THE BANK – 8.75%* w.e.f 12.04.2025
|
|
The applicable RLLR is as per the following
i. For new accounts including running limits i.e., OD/OCC etc., under RLLR regime opened on or after 12.04.2025, the applicable RLLR is 8.75% .
ii. For accounts including running limits i.e., OD/OCC etc., under RLLR regime that are opened before 12.02.2023 and have not completed 3 years from the initial account opening date, the applicable RLLR is 8.90%.
iii. For accounts including running limits i.e., OD/OCC etc., under RLLR regime that are opened before 12.02.2023 and have completed 3 years from the initial account opening date, the applicable RLLR is 8.75%.
iv. For accounts including running limits i.e., OD/OCC etc., under RLLR regime that are opened on or after 12.02.2023, the applicable RLLR is 8.75%.
|
|
Sl. No
|
LOAN PRODUCT
|
CRG
|
RLLR
|
WOMEN BORROWERS
|
OTHER BORROWERS
|
|
1
|
2
|
3
|
4
|
5
|
6
|
|
|
|
|
|
Fixed Rate Premium (FRP)
|
Credit Risk Premium over RLLR
|
Concession
|
Effective Rate of Interest under RLLR
|
Fixed Rate Premium (FRP)
|
Credit Risk Premium over RLLR
|
Concession
|
Effective Rate of Interest under RLLR
|
|
1
|
HOUSING LOAN
|
|
APPLICABLE ROI (IRRESPECTIVE OF LOAN AMOUNT)
|
|
HOUSING LOAN
|
CRG-PRIME
|
8.75
|
0.75
|
0.00
|
-0.25
|
9.25
|
0.75
|
0.05
|
-0.25
|
9.30
|
|
CRG : 1
|
8.75
|
0.75
|
0.00
|
0.00
|
9.50
|
0.75
|
0.05
|
0.00
|
9.55
|
|
CRG : 2
|
8.75
|
0.75
|
0.05
|
0.00
|
9.55
|
0.75
|
0.10
|
0.00
|
9.60
|
|
CRG : 3
|
8.75
|
0.75
|
0.45
|
0.00
|
9.95
|
0.75
|
0.50
|
0.00
|
10.00
|
|
CRG : 4
|
8.75
|
0.75
|
1.95
|
0.00
|
11.45
|
0.75
|
2.00
|
0.00
|
11.5
|
|
2
|
CANARA VEHICLE LOAN
|
|
APPLICABLE ROI (IRRESPECTIVE OF LOAN AMOUNT)
|
|
Canara Vehicle (4 Wheeler Loans including Agriculturists (General)
|
CRG-PRIME
|
8.75
|
0.75
|
0.10
|
-0.15
|
9.45
|
0.75
|
0.15
|
-0.15
|
9.50
|
|
CRG : 1
|
8.75
|
0.75
|
0.10
|
0.00
|
9.60
|
0.75
|
0.15
|
0.00
|
9.65
|
|
CRG : 2
|
8.75
|
0.75
|
0.25
|
0.00
|
9.75
|
0.75
|
0.30
|
0.00
|
9.80
|
|
CRG : 3
|
8.75
|
0.75
|
0.65
|
0.00
|
10.15
|
0.75
|
0.70
|
0.00
|
10.20
|
|
CRG : 4
|
8.75
|
0.75
|
2.05
|
0.00
|
11.55
|
0.75
|
2.10
|
0.00
|
11.60
|
|
APPLICABLE ROI (IRRESPECTIVE OF LOAN AMOUNT)
|
|
Canara Green Vehicle (4 WHEELER Electric Vehicle including Agriculturist)~
|
CRG-PRIME
|
8.75
|
0.75
|
0.00
|
-0.15
|
9.35
|
0.75
|
0.00
|
-0.15
|
9.35
|
|
CRG : 1
|
8.75
|
0.75
|
0.00
|
0.00
|
9.50
|
0.75
|
0.00
|
0.00
|
9.50
|
|
CRG : 2
|
8.75
|
0.75
|
0.15
|
0.00
|
9.65
|
0.75
|
0.15
|
0.00
|
9.65
|
|
CRG : 3
|
8.75
|
0.75
|
0.55
|
0.00
|
10.05
|
0.75
|
0.55
|
0.00
|
10.05
|
|
CRG : 4
|
8.75
|
0.75
|
2.70
|
0.00
|
12.20
|
0.75
|
2.70
|
0.00
|
12.20
|
|
Canara Vehicle (2 Wheelers)
|
CRG : 1
|
8.75
|
0.75
|
2.10
|
0.00
|
11.60
|
0.75
|
2.15
|
0.00
|
11.65
|
|
CRG : 2
|
8.75
|
0.75
|
2.25
|
0.00
|
11.75
|
0.75
|
2.30
|
0.00
|
11.80
|
|
CRG : 3
|
8.75
|
0.75
|
5.25
|
0.00
|
14.75
|
0.75
|
5.30
|
0.00
|
14.80
|
|
CRG : 4
|
8.75
|
0.75
|
7.00
|
0.00
|
16.50
|
0.75
|
7.00
|
0.00
|
16.50
|
|
Note:-
|
|
1.Housing Loan ( All Variants ) includes Housing Loan to Agriculturists, NRIs, Canara Kuteer.
|
|
2. For Housing Loans under Commercial Real Estate (3rd unit the applibale ROI is 0.25% above the card rate & 4th and subsequent dwelling unit the applicable Rate of Interest shall be 0.50% above the card rate.) based Retail Loans.
|
|
|
|
Sl.No
|
LOAN PRODUCT
|
CRG
|
RLLR
|
FRP
|
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
|
8.75
|
0.75
|
1.25
|
10.75
|
1.15
|
10.65
|
1.05
|
10.55
|
|
CRG : 2
|
8.75
|
0.75
|
1.50
|
11.00
|
1.40
|
10.90
|
1.30
|
10.80
|
|
CRG : 3
|
8.75
|
0.75
|
2.05
|
11.55
|
1.95
|
11.45
|
1.85
|
11.35
|
|
CRG : 4
|
8.75
|
0.75
|
3.55
|
13.05
|
3.45
|
12.95
|
3.35
|
12.85
|
|
|
|
Sl. No
|
LOAN PRODUCT
|
CRG
|
RLLR
|
FRP
|
Credit Risk Premium over RLLR
|
Effective Rate of Interest under RLLR
|
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
|
4
|
*Canara Vehicle (4 Wheelers) to Firms/Companies (General & Electric Vehicle)
|
NA
|
8.75
|
0.75
|
0.30
|
9.80
|
|
OTHER RETAIL LENDING SCHEMES
|
|
5
|
@HOME IMPROVEMENT LOAN
|
CRG : 1
|
8.75
|
0.75
|
2.50
|
12.00
|
|
CRG : 2
|
8.75
|
0.75
|
2.55
|
12.05
|
|
CRG : 3
|
8.75
|
0.75
|
3.05
|
12.55
|
|
CRG : 4
|
8.75
|
0.75
|
4.55
|
14.05
|
|
@ The subject scheme is discontinued w.e.f 14.02.2023 and the applicable ROI shall continue for existing loans.
|
|
6
|
CANARA HOME LOAN PLUS - Term Loan
|
CRG : 1
|
8.75
|
0.75
|
0.55
|
10.05
|
|
CRG : 2
|
8.75
|
0.75
|
0.60
|
10.10
|
|
CRG : 3
|
8.75
|
0.75
|
1.10
|
10.60
|
|
CRG : 4
|
8.75
|
0.75
|
2.60
|
12.10
|
|
7
|
CANARA SITE
|
CRG : 1
|
8.75
|
0.75
|
1.05
|
10.55
|
|
CRG : 2
|
8.75
|
0.75
|
1.10
|
10.60
|
|
CRG : 3
|
8.75
|
0.75
|
1.60
|
11.10
|
|
CRG : 4
|
8.75
|
0.75
|
2.10
|
11.60
|
|
8
|
CANARA JEEVAN
|
NA
|
8.75
|
0.75
|
1.60
|
11.10
|
|
9
|
CANARA BUDGET-INDIVIDUAL
|
CRG : 1
|
8.75
|
0.75
|
4.35
|
13.85
|
|
CRG : 2
|
8.75
|
0.75
|
4.40
|
13.90
|
|
CRG : 3
|
8.75
|
0.75
|
4.90
|
14.40
|
|
CRG : 4
|
8.75
|
0.75
|
6.40
|
15.90
|
|
CANARA BUDGET-PRIME (WITH SALARY TIE-UP)
|
CRG : 1
|
8.75
|
0.75
|
1.40
|
10.90
|
|
CRG : 2
|
8.75
|
0.75
|
1.40
|
10.90
|
|
CRG : 3
|
8.75
|
0.75
|
1.40
|
10.90
|
|
CRG : 4
|
8.75
|
0.75
|
6.40
|
15.90
|
|
CANARA BUDGET-PRIME (WITHOUT SALARY TIE-UP)
|
CRG : 1
|
8.75
|
0.75
|
2.40
|
11.90
|
|
CRG : 2
|
8.75
|
0.75
|
2.40
|
11.90
|
|
CRG : 3
|
8.75
|
0.75
|
2.40
|
11.90
|
|
CRG : 4
|
8.75
|
0.75
|
6.40
|
15.90
|
|
CANARA BUDGET-DELIGHT (WITH SALARY TIE-UP)
|
CRG : 1
|
8.75
|
0.75
|
2.40
|
11.90
|
|
CRG : 2
|
8.75
|
0.75
|
2.40
|
11.90
|
|
CRG : 3
|
8.75
|
0.75
|
2.40
|
11.90
|
|
CRG : 4
|
NOT ELIGIBLE FOR LOAN
|
|
10
|
SWARNA SCHEMES #
|
|
|
|
Swarna Loan
|
NA
|
8.75
|
0.75
|
-0.75
|
8.75
|
|
Swarna Overdraft
|
NA
|
8.75
|
0.75
|
-0.75
|
8.75
|
|
Swarna Express
|
NA
|
8.75
|
0.75
|
-0.75
|
8.75
|
|
Swarna-Monthly Interest
|
NA
|
8.75
|
0.75
|
-0.75
|
8.75
|
|
11
|
CANARA CASH
|
NA
|
8.75
|
0.75
|
6.55
|
16.05
|
|
12
|
*TEACHERS LOAN
|
CRG : 1
|
8.75
|
0.75
|
4.00
|
13.50
|
|
CRG : 2
|
8.75
|
0.75
|
4.05
|
13.55
|
|
CRG : 3
|
8.75
|
0.75
|
4.55
|
14.05
|
|
CRG : 4
|
8.75
|
0.75
|
6.05
|
15.55
|
|
*The subject scheme is discontinued w.e.f 02.01.2024 and the applicable ROI shall continue for existing loans.
|
|
13
|
ALL OTHER PERSONAL Loans
|
CRG : 1
|
8.75
|
0.75
|
5.50
|
15.00
|
|
CRG : 2
|
8.75
|
0.75
|
5.55
|
15.05
|
|
CRG : 3
|
8.75
|
0.75
|
6.05
|
15.55
|
|
CRG : 4
|
8.75
|
0.75
|
7.00
|
16.50
|
|
14
|
Loans To Individuals Against Other Approved Securities
|
8.75
|
0.75
|
0.25
|
9.75
|
|
15
|
CANARA PENSION
|
|
|
a. General Public (including Family pensioners)
|
8.75
|
0.75
|
2.50
|
12.00
|
|
b. Our Bank Retirees
|
|
|
i) Loan to our Bank Retired Employees and their Family Pensioners
|
8.75
|
0.75
|
2.00
|
11.50
|
|
ii) To avail loan for payment of Annual Premium of the IBA group Mediclaim Insurance Policy
|
8.75
|
0.75
|
0.50
|
10.00
|
|
16
|
CANARA HOME LOAN SECURE
|
NA
|
8.75
|
0.75
|
0.10
|
9.60
|
|
17
|
EDUCATION LOANS:
|
|
i. Vidya Sagar Scheme (Loan Quantum) *$
|
a. upto Rs.7.50 lakh
|
8.75
|
0.75
|
2.00
|
11.50
|
|
b. above Rs. 7.50 lakh
|
8.75
|
0.75
|
1.60
|
11.10
|
|
ii. IBA Skill Loan (Max. Rs.7.50 lakh) $
|
8.75
|
0.75
|
1.50
|
11.00
|
|
iii. Vidya Turant Scheme
|
a.with co-borrower
|
8.75
|
0.75
|
0.00
|
9.50
|
|
b.with out co-borrower
|
8.75
|
0.75
|
0.60
|
10.10
|
|
c. Select Top 85 Premium Institutes
|
8.75
|
0.75
|
-0.65
|
8.85
|
|
^NEW EDUCATION LOAN SCHEME FOR PURSUING MASTER’S DEGREE IN ABROAD FROM SELECT TOP RANKING UNIVERSITIES OF WORLD
|
COLL . SECURITY 100% & above
|
8.75
|
0.75
|
1.60
|
11.10
|
|
COLL. SECURITY 75% & above (less than 100%).
|
8.75
|
0.75
|
1.85
|
11.35
|
|
COLL. SECURITY 50% & above (less than 75%).
|
8.75
|
0.75
|
2.10
|
11.60
|
|
iv.Vidya Sahay Scheme (max.Rs.1.00 lakh)
|
8.75
|
0.75
|
2.00
|
11.50
|
|
v. Vidya Shakthi (Max Rs.7.50 lakhs)
|
8.75
|
0.75
|
0.00
|
9.50
|
|
18
|
PM Vidyalaxmi Scheme
|
"AAA" Category Institutitons
|
8.75
|
0.75
|
-0.25
|
9.25
|
|
"AA" Category Institutitons
|
8.75
|
0.75
|
-0.25
|
9.25
|
|
"A" Category Institutitons
|
8.75
|
0.75
|
-0.25
|
9.25
|
|
19
|
Housing Loan – For Customer with minimal/nil income proof”
|
CIC Score Above 750
|
8.75
|
0.75
|
0.75
|
10.25
|
|
CIC Score 681 & upto 750, and (-1 to 99 in case of borrower having no credit history)
|
8.75
|
0.75
|
1.00
|
10.50
|
|
CIC Score 680 & below (Sub-Prime Risk Tier)
|
8.75
|
0.75
|
1.25
|
10.75
|
|
20
|
Canara Rooftop Solar (CRTS) – PM Surya Ghar Yojana (PMSGY)
|
|
a) CRTS - PMSGY – upto Rs. 2.00 Lakhs
|
8.75
|
0.75
|
-2.25
|
7.25
|
|
b) CRTS - PMSGY– above Rs. 2.00 Lakhs
|
8.75
|
0.75
|
0.75
|
10.25
|
|
21
|
Canara-HEAL
|
8.75
|
0.75
|
2.30
|
11.80
|
|
22
|
Pre-Approved Personal Loan (PAPL) Facility-“Digi-PAL”
|
8.75
|
0.75
|
2.70
|
12.20
|
|
|
*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
|
|
Applicable Administrative Costs/Switchover Charges in case of Interest Rate Regime conversion (i.e Floating to Fixed or vice-versa) for EMI based Retail loans is @0.25% of the loan amount with Min of Rs 250/- +GST & Maximum upto Rs 25,000/+GST
|
1800 1030