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 – 9.25%* w.e.f 12.11.2023
*The reviewed rate will be applicable only to new accounts opened on or after 12.11.2023 & accounts completing 3 years under RLLR regime on or after 12.11.2023. The accounts having not completed 3 years under RLLR regime will continue to be at earlier RLLR i.e. 9.40%.
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 |
||||||||
APPLICABLE ROI FOR SANCTIONED LIMIT UPTO Rs. 50.00 LAKH |
|||||||||
HOUSING LOAN |
CRG-PRIME |
9.25 |
0.00 |
-0.75 |
8.50 |
0.05 |
-0.75 |
8.55 |
|
CRG : 1 |
9.25 |
0.00 |
-0.75 |
8.50 |
0.05 |
-0.75 |
8.55 |
||
CRG : 2 |
9.25 |
0.05 |
-0.50 |
8.80 |
0.10 |
-0.50 |
8.85 |
||
CRG : 3 |
9.25 |
0.45 |
0.00 |
9.70 |
0.50 |
0.00 |
9.75 |
||
CRG : 4 |
9.25 |
1.95 |
0.00 |
11.20 |
2.00 |
0.00 |
11.25 |
||
APPLICABLE ROI FOR SANCTIONED LIMIT ABOVE RS. 50.00 LAKH TO RS 100.00 LAKH |
|||||||||
CRG-PRIME |
9.25 |
0.00 |
-0.80 |
8.45 |
0.05 |
-0.80 |
8.50 |
||
CRG : 1 |
9.25 |
0.00 |
-0.80 |
8.45 |
0.05 |
-0.80 |
8.50 |
||
CRG : 2 |
9.25 |
0.05 |
-0.55 |
8.75 |
0.10 |
-0.55 |
8.80 |
||
CRG : 3 |
9.25 |
0.45 |
-0.10 |
9.60 |
0.50 |
-0.10 |
9.65 |
||
CRG : 4 |
9.25 |
1.95 |
-0.10 |
11.10 |
2.00 |
-0.10 |
11.15 |
||
APPLICABLE ROI FOR SANCTIONED LIMIT ABOVE RS 100.00 LAKH TO RS 250.00 LAKH |
|||||||||
CRG-PRIME |
9.25 |
0.00 |
-0.85 |
8.40 |
0.05 |
-0.85 |
8.45 |
||
CRG : 1 |
9.25 |
0.00 |
-0.85 |
8.40 |
0.05 |
-0.85 |
8.45 |
||
CRG : 2 |
9.25 |
0.05 |
-0.60 |
8.70 |
0.10 |
-0.60 |
8.75 |
||
CRG : 3 |
9.25 |
0.45 |
-0.20 |
9.50 |
0.50 |
-0.20 |
9.55 |
||
CRG : 4 |
9.25 |
1.95 |
-0.20 |
11.00 |
2.00 |
-0.20 |
11.05 |
||
APPLICABLE ROI FOR SANCTIONED LIMIT ABOVE RS 250.00 LAKH |
|||||||||
CRG-PRIME |
9.25 |
0.00 |
-0.85 |
8.40 |
0.05 |
-0.85 |
8.45 |
||
CRG : 1 |
9.25 |
0.00 |
-0.85 |
8.40 |
0.05 |
-0.85 |
8.45 |
||
CRG : 2 |
9.25 |
0.05 |
-0.60 |
8.70 |
0.10 |
-0.60 |
8.75 |
||
CRG : 3 |
9.25 |
0.45 |
-0.30 |
9.40 |
0.50 |
-0.30 |
9.45 |
||
CRG : 4 |
9.25 |
1.95 |
-0.30 |
10.90 |
2.00 |
-0.30 |
10.95 |
||
Note: 1.For Housing Loan (All variants) under CRG-Prime, CRG-1 & CRG-2, additional 5 bps concession for Takeover/Ready to move HL proposals & 5 bps concession for salaried employees working in Central/State Govt./PSUs/MNCs/Bluechip Companies & Corporates maintaining/switching salary a/c wth us including Canara SB Premium Payroll package payroll a/cs is applicable in all loan slabs upto floor/ceiling rate. |
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2 |
CANARA VEHICLE LOAN
|
||||||||
APPLICABLE ROI FOR SANCTIONED LIMIT UPTO RS. 15.00 LAKH |
|||||||||
Canara Vehicle (4 Wheeler Loans including Agriculturists (General) |
CRG-PRIME |
9.25 |
0.10 |
-0.20 |
9.15 |
0.15 |
-0.20 |
9.20 |
|
CRG : 1 |
9.25 |
0.10 |
-0.10 |
9.25 |
0.15 |
-0.10 |
9.30 |
||
CRG : 2 |
9.25 |
0.25 |
0.00 |
9.50 |
0.30 |
0.00 |
9.55 |
||
CRG : 3 |
9.25 |
0.65 |
0.00 |
9.90 |
0.70 |
0.00 |
9.95 |
||
CRG : 4 |
9.25 |
2.65 |
0.00 |
11.90 |
2.70 |
0.00 |
11.95 |
||
APPLICABLE ROI FOR SANCTIONED LIMIT ABOVE RS. 15.00 LAKH |
|||||||||
CRG-PRIME |
9.25 |
0.10 |
-0.60 |
8.75 |
0.15 |
-0.60 |
8.80 |
||
CRG : 1 |
9.25 |
0.10 |
-0.50 |
8.85 |
0.15 |
-0.50 |
8.90 |
||
CRG : 2 |
9.25 |
0.25 |
-0.40 |
9.10 |
0.30 |
-0.40 |
9.15 |
||
CRG : 3 |
9.25 |
0.65 |
-0.40 |
9.50 |
0.70 |
-0.40 |
9.55 |
||
CRG : 4 |
9.25 |
2.65 |
-0.40 |
11.50 |
2.70 |
-0.40 |
11.55 |
||
Canara Green Vehicle (4 WHEELER Electric Vehicle including Agriculturist)~ |
APPLICABLE ROI FOR SANCTIONED LIMIT UPTO RS.15.00 LAKH |
||||||||
CRG-PRIME |
9.25 |
0.00 |
-0.20 |
9.05 |
0.00 |
-0.20 |
9.05 |
||
CRG : 1 |
9.25 |
0.00 |
-0.10 |
9.15 |
0.00 |
-0.10 |
9.15 |
||
CRG : 2 |
9.25 |
0.15 |
0.00 |
9.40 |
0.15 |
0.00 |
9.40 |
||
CRG : 3 |
9.25 |
0.55 |
0.00 |
9.80 |
0.55 |
0.00 |
9.80 |
||
CRG : 4 |
9.25 |
2.70 |
0.00 |
11.95 |
2.70 |
0.00 |
11.95 |
||
APPLICABLE ROI FOR SANCTIONED LIMIT ABOVE RS. 15.00 LAKH |
|||||||||
CRG-PRIME |
9.25 |
0.00 |
-0.55 |
8.70 |
0.00 |
-0.55 |
8.70 |
||
CRG : 1 |
9.25 |
0.00 |
-0.45 |
8.80 |
0.00 |
-0.45 |
8.80 |
||
CRG : 2 |
9.25 |
0.15 |
-0.35 |
9.05 |
0.15 |
-0.35 |
9.05 |
||
CRG : 3 |
9.25 |
0.55 |
-0.35 |
9.45 |
0.55 |
-0.35 |
9.45 |
||
CRG : 4 |
9.25 |
2.70 |
-0.45 |
11.50 |
2.70 |
-0.45 |
11.50 |
||
**The above concession shall remian same till the loan completes 3 years from the date of first disbursement for all the variants of HL & Canara Vehicle 4 Wheeler (including Greenwheels & Agriculturists). |
|||||||||
Canara Vehicle (2 Wheelers) |
CRG : 1 |
9.25 |
2.10 |
0.00 |
11.35 |
2.15 |
0.00 |
11.40 |
|
CRG : 2 |
9.25 |
2.25 |
0.00 |
11.50 |
2.30 |
0.00 |
11.55 |
||
CRG : 3 |
9.25 |
5.25 |
0.00 |
14.50 |
5.30 |
0.00 |
14.55 |
||
CRG : 4 |
9.25 |
7.00 |
0.00 |
16.25 |
7.00 |
0.00 |
16.25 |
||
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 |
9.25 |
1.25 |
10.50 |
1.15 |
10.40 |
1.05 |
10.30 |
CRG : 2 |
9.25 |
1.50 |
10.75 |
1.40 |
10.65 |
1.30 |
10.55 |
||
CRG : 3 |
9.25 |
2.05 |
11.30 |
1.95 |
11.20 |
1.85 |
11.10 |
||
CRG : 4 |
9.25 |
3.55 |
12.80 |
3.45 |
12.70 |
3.35 |
12.60 |
||
|
|||||||||
Sl. No |
LOAN PRODUCT |
CRG |
RLLR |
Credit Risk Premium over RLLR |
Effective Rate of Interest under RLLR |
||||
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
||||
4 |
*Canara Vehicle (4 Wheelers) to Firms/Companies (General & Electric Vehicle) |
- |
9.25 |
0.30 |
9.55 |
||||
OTHER RETAIL LENDING SCHEMES |
|||||||||
5 |
@HOME IMPROVEMENT LOAN |
CRG : 1 |
9.25 |
2.50 |
11.75 |
||||
CRG : 2 |
9.25 |
2.55 |
11.80 |
||||||
CRG : 3 |
9.25 |
3.05 |
12.30 |
||||||
CRG : 4 |
9.25 |
4.55 |
13.80 |
||||||
@ 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 |
9.25 |
0.55 |
9.80 |
||||
CRG : 2 |
9.25 |
0.60 |
9.85 |
||||||
CRG : 3 |
9.25 |
1.10 |
10.35 |
||||||
CRG : 4 |
9.25 |
2.60 |
11.85 |
||||||
7 |
CANARA SITE |
CRG : 1 |
9.25 |
1.05 |
10.30 |
||||
CRG : 2 |
9.25 |
1.10 |
10.35 |
||||||
CRG : 3 |
9.25 |
1.60 |
10.85 |
||||||
CRG : 4 |
9.25 |
2.10 |
11.35 |
||||||
8 |
CANARA JEEVAN |
|
9.25 |
1.60 |
10.85 |
||||
9
|
CANARA BUDGET-INDIVIDUAL |
CRG : 1 |
9.25 |
4.35 |
13.60 |
||||
CRG : 2 |
9.25 |
4.40 |
13.65 |
||||||
CRG : 3 |
9.25 |
4.90 |
14.15 |
||||||
CRG : 4 |
9.25 |
6.40 |
15.65 |
||||||
CANARA BUDGET-PRIME (WITH SALARY TIE-UP) |
CRG : 1 |
9.25 |
1.40 |
10.65 |
|||||
CRG : 2 |
9.25 |
1.40 |
10.65 |
||||||
CRG : 3 |
9.25 |
1.40 |
10.65 |
||||||
CRG : 4 |
9.25 |
6.40 |
15.65 |
||||||
CANARA BUDGET-PRIME (WITHOUT SALARY TIE-UP) |
CRG : 1 |
9.25 |
2.40 |
11.65 |
|||||
CRG : 2 |
9.25 |
2.40 |
11.65 |
||||||
CRG : 3 |
9.25 |
2.40 |
11.65 |
||||||
CRG : 4 |
9.25 |
6.40 |
15.65 |
||||||
CANARA BUDGET-DELIGHT (WITH SALARY TIE-UP) |
CRG : 1 |
9.25 |
2.40 |
11.65 |
|||||
CRG : 2 |
9.25 |
2.40 |
11.65 |
||||||
CRG : 3 |
9.25 |
2.40 |
11.65 |
||||||
CRG : 4 |
9.25 |
NOT ELIGIBLE FOR LOAN |
|||||||
10 |
CANARA BUDGET- SPECIAL PACKAGE |
|
|||||||
(With Salary Tie-Up) |
9.25 |
4.40 |
13.65 |
||||||
(Without Salary Tie-Up) |
9.25 |
5.40 |
14.65 |
||||||
11 |
CANARA RENT |
||||||||
a) Navratna PSUs, AAA rated Companies, Fortune 500 Companies, MNCRG, Banks, Insurance Companies |
9.25 |
1.50 |
10.75 |
||||||
b) Others |
9.25 |
1.80 |
11.05 |
||||||
c) Property leased to our Bank |
9.25 |
1.30 |
10.55 |
||||||
12 |
SWARNA SCHEMES # |
|
|||||||
Swarna Loan |
9.25 |
0.35 |
9.60 |
||||||
Swarna Overdraft |
9.25 |
0.35 |
9.60 |
||||||
Swarna Express |
9.25 |
0.35 |
9.60 |
||||||
13 |
CANARA CASH |
9.25 |
6.55 |
15.80 |
|||||
14 |
TEACHERS LOAN |
CRG : 1 |
9.25 |
4.00 |
13.25 |
||||
CRG : 2 |
9.25 |
4.05 |
13.30 |
||||||
CRG : 3 |
9.25 |
4.55 |
13.80 |
||||||
CRG : 4 |
9.25 |
6.05 |
15.30 |
||||||
15 |
ALL OTHER PERSONAL Loans Including Loans To Individuals Against Other Approved Securities |
CRG : 1 |
9.25 |
5.50 |
14.75 |
||||
CRG : 2 |
9.25 |
5.55 |
14.80 |
||||||
CRG : 3 |
9.25 |
6.05 |
15.30 |
||||||
CRG : 4 |
9.25 |
7.00 |
16.25 |
||||||
16 |
CANARA PENSION |
|
|||||||
a. General Public (including Family pensioners) |
9.25 |
2.50 |
11.75 |
||||||
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 |
9.25 |
2.00 |
11.25 |
||||||
17 |
CANARA HOME LOAN SECURE |
9.25 |
0.10 |
9.35 |
|||||
18 |
EDUCATION LOANS: |
||||||||
i. Vidya Sagar Scheme (Loan Quantum) *$ |
a. upto Rs.7.50 lakh |
9.25 |
2.00 |
11.25 |
|||||
b. above Rs. 7.50 lakh |
9.25 |
1.60 |
10.85 |
||||||
ii. IBA Skill Loan (Max. Rs.1.50 lakh) $ |
9.25 |
1.50 |
10.75 |
||||||
iii. Vidya Turant Scheme |
a.with co-borrower |
9.25 |
0.00 |
9.25 |
|||||
b.with out co-borrower |
9.25 |
0.60 |
9.85 |
||||||
c. Select Top 76 Premium Institutes |
9.25 |
-0.65 |
8.60 |
||||||
^NEW EDUCATION LOAN SCHEME FOR PURSUING MASTER’S DEGREE IN ABROAD FROM SELECT TOP RANKING UNIVERSITIES OF WORLD |
COLL . SECURITY 100% & above |
9.25 |
1.60 |
10.85 |
|||||
COLL. SECURITY 75% & above (less than 100%). |
9.25 |
1.85 |
11.10 |
||||||
COLL. SECURITY 50% & above (less than 75%). |
9.25 |
2.10 |
11.35 |
||||||
iv.Vidya Sahay Scheme (max.Rs.1.00 lakh) |
9.25 |
2.00 |
11.25 |
||||||
v. Vidya Shakthi (Max Rs.7.50 lakhs) |
9.25 |
0.00 |
9.25 |
||||||
*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 |