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 – 8.75%* 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

 

 

 

 

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

8.75

0.00

-0.75

8.00

0.05

-0.75

8.05

 

CRG : 1

8.75

0.00

-0.75

8.00

0.05

-0.75

8.05

CRG : 2

8.75

0.05

-0.50

8.30

0.10

-0.50

8.35

CRG : 3

8.75

0.45

0.00

9.20

0.50

0.00

9.25

CRG : 4

8.75

1.95

0.00

10.70

2.00

0.00

10.75

APPLICABLE ROI FOR SANCTIONED LIMIT ABOVE RS. 50.00 LAKH TO RS 100.00 LAKH

CRG-PRIME

8.75

0.00

-0.80

7.95

0.05

-0.80

8.00

 

CRG : 1

8.75

0.00

-0.80

7.95

0.05

-0.80

8.00

CRG : 2

8.75

0.05

-0.55

8.25

0.10

-0.55

8.30

CRG : 3

8.75

0.45

-0.10

9.10

0.50

-0.10

9.15

CRG : 4

8.75

1.95

-0.10

10.60

2.00

-0.10

10.65

APPLICABLE ROI FOR SANCTIONED LIMIT ABOVE RS 100.00 LAKH TO RS 250.00 LAKH

CRG-PRIME

8.75

0.00

-0.85

7.90

0.05

-0.85

7.95

 

CRG : 1

8.75

0.00

-0.85

7.90

0.05

-.0.85

7.95

CRG : 2

8.75

0.05

-0.60

8.20

0.10

-0.60

8.25

CRG : 3

8.75

0.45

-0.20

9.00

0.50

-0.20

9.05

CRG : 4

8.75

1.95

-0.20

10.5

2.00

-0.20

10.55

APPLICABLE ROI FOR SANCTIONED LIMIT ABOVE RS 250.00 LAKH

CRG-PRIME

8.75

0.00

-0.85

7.90

0.05

-0.85

7.95

 

CRG : 1

8.75

0.00

-0.85

7.9

0.05

-0.85

7.95

CRG : 2

8.75

0.05

-0.60

8.2

0.10

-0.60

8.25

CRG : 3

8.75

0.45

-0.30

8.9

0.50

-0.30

8.95

CRG : 4

8.75

1.95

-0.30

10.4

2.00

-0.30

10.45

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/Blue chip Companies & Corporates maintaining/switching salary a/c wth us including Canara SB Premium Payroll package payroll a/cs is applicable in all loan slabs.

2. For Housing Loans under Commercial Real Estate (3rd unit the applicable 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.

2

                                                        CANARA VEHICLE LOAN

 

                                                APPLICABLE ROI FOR SANCTIONED LIMIT UPTO RS. 15.00 LAKH 

Canara Vehicle (4 Wheeler Loans including Agriculturists (General)

CRG-PRIME

8.75

0.10

-0.20

8.65

0.15

-0.20

8.70

 

CRG : 1

8.75

0.10

-0.10

8.75

0.15

-0.10

8.80

CRG : 2

8.75

0.25

0.00

9.00

0.30

0.00

9.05

CRG : 3

8.75

0.65

0.00

9.40

0.70

0.00

9.45

CRG : 4

8.75

2.65

0.00

11.4

2.70

0.00

11.45

APPLICABLE ROI FOR SANCTIONED LIMIT ABOVE RS. 15.00 LAKH

CRG-PRIME

8.75

0.10

-0.60

8.25

0.15

-0.60

8.30

 

CRG : 1

8.75

0.10

-0.50

8.35

0.15

-0.50

8.40

CRG : 2

8.75

0.25

-0.40

8.60

0.30

-0.40

8.65

CRG : 3

8.75

0.65

-0.40

9.00

0.70

-0.40

9.05

CRG : 4

8.75

2.65

-0.40

11.00

2.70

-0.40

11.05

Canara Green Vehicle (4 WHEELER Electric Vehicle including Agriculturist)~

APPLICABLE ROI FOR SANCTIONED LIMIT UPTO RS.15.00 LAKH 

CRG-PRIME

8.75

0.00

-0.20

8.55

0.00

-0.20

8.55

 

CRG : 1

8.75

0.00

-0.10

8.65

0.00

-0.10

8.65

CRG : 2

8.75

0.15

0.00

8.90

0.15

0.00

8.90

CRG : 3

8.75

0.55

0.00

9.30

0.55

0.00

9.30

CRG : 4

8.75

2.70

0.00

11.45

2.70

0.00

11.45

APPLICABLE ROI FOR SANCTIONED LIMIT ABOVE RS. 15.00 LAKH

CRG-PRIME

8.75

0.00

-0.55

8.20

0.00

-0.55

8.20

 

CRG : 1

8.75

0.00

-0.45

8.30

0.00

-0.45

8.30

CRG : 2

8.75

0.15

-0.35

8.55

0.15

-0.35

8.55

CRG : 3

8.75

0.55

-0.35

8.95

0.55

-0.35

8.95

CRG : 4

8.75

2.70

-0.45

11.00

2.70

-0.45

11.00

 **The above concession shall remain same till the loan completes 3 years from the date of first disbursement for all the variants of HL & Canara Vehicle 4-Wheeler (including Green wheels & Agriculturists).

Canara Vehicle            (2  Wheelers)

CRG : 1   

8.75

2.10

0.00

10.85

2.15

0.00

10.90

 

CRG : 2   

8.75

2.25

0.00

11.00

2.30

0.00

11.05

CRG : 3

8.75

5.25

0.00

14.00

5.30

0.00

14.05

CRG : 4

8.75

7.00

0.00

15.75

7.00

0.00

15.75

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   

8.75

1.25

10.00

1.15

9.90

1.05

9.80

CRG : 2   

8.75

1.50

10.25

1.40

10.15

1.30

10.05

CRG : 3

8.75

2.05

10.80

1.95

10.70

1.85

10.60

CRG : 4

8.75

3.55

12.30

3.45

12.20

3.35

12.10

 

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)

-

8.75

0.30

9.05

OTHER RETAIL LENDING SCHEMES

5

@HOME IMPROVEMENT LOAN

CRG : 1

8.75

2.50

11.25

 

CRG : 2

8.75

2.55

11.30

CRG : 3

8.75

3.05

11.80

CRG : 4

8.75

4.55

13.30

@ 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

0.55

9.30

 

CRG : 2

8.75

0.60

9.35

CRG : 3

8.75

1.10

9.85

CRG : 4

8.75

2.60

11.35

7

CANARA SITE

CRG : 1

8.75

1.05

9.80

CRG : 2

8.75

1.10

9.85

CRG : 3

8.75

1.60

10.35

CRG : 4

8.75

2.10

10.85

8

CANARA JEEVAN

 

8.75

1.60

10.35

9

CANARA BUDGET-INDIVIDUAL

CRG : 1

8.75

4.65

13.40

CRG : 2

8.75

4.70

13.45

CRG : 3

8.75

5.20

13.95

CRG : 4

8.75

6.70

15.45

CANARA BUDGET-PRIME (WITH SALARY TIE-UP)

CRG : 1

8.75

1.70

10.45

CRG : 2

8.75

1.70

10.45

CRG : 3

8.75

1.70

10.45

CRG : 4

8.75

6.70

15.45

CANARA BUDGET-PRIME                         (WITHOUT SALARY TIE-UP)

CRG : 1

8.75

2.70

11.45

CRG : 2

8.75

2.70

11.45

CRG : 3

8.75

2.70

11.45

CRG : 4

8.75

6.70

15.45

CANARA BUDGET-DELIGHT 

CRG : 1

8.75

2.70

11.45

(WITH SALARY TIE-UP)

CRG : 2

8.75

2.70

11.45

 

CRG : 3

8.75

2.70

11.45

 

CRG : 4

8.75

NOT ELIGIBLE FOR LOAN

10

CANARA BUDGET- SPECIAL PACKAGE

 

(With Salary Tie-Up)

8.75

4.40

13.15

 

(Without Salary Tie-Up)

8.75

5.40

14.15

11

                                 CANARA RENT

a)  Navratna PSUs, AAA rated Companies, Fortune 500 Companies, MNCRG, Banks, Insurance Companies

8.75

1.25

10.00

 

b) Others

8.75

1.80

10.55

c) Property leased to our Bank

8.75

1.25

10.00

12

                          SWARNA SCHEMES #

 

Swarna Loan

8.75

0.00

8.75

 

Swarna Overdraft

8.75

0.00

8.75

Swarna Express

8.75

0.00

8.75

Swarna- Monthly Interest

8.75

-0.25

8.50

13

CANARA CASH

8.75

6.55

15.30

14

*TEACHERS LOAN

CRG : 1

8.75

4.00

12.75

CRG : 2

8.75

4.05

12.80

CRG : 3

8.75

4.55

13.30

CRG : 4

8.75

6.05

14.80

*The subject scheme is discontinued w.e.f 02.01.2024 and the applicable ROI shall continue for existing loans.

15

ALL OTHER PERSONAL Loans

CRG : 1

8.75

5.50

14.25

 

CRG : 2

8.75

5.55

14.30

CRG : 3

8.75

6.05

14.80

CRG : 4

8.75

7.00

15.75

16

Loans To Individuals Against Other Approved Securities 

8.75

0.25

9.00

17

CANARA PENSION

 

    a. General Public (including Family pensioners)

8.75

2.75

11.50

  b. Our Bank Retirees

 

i)  Loan to our Bank Retired Employees and their Family Pensioners       

8.75

2.00

10.75

ii) To avail loan for payment of Annual Premium of the IBA group Mediclaim Insurance Policy

8.75

0.50

9.25

18

CANARA HOME LOAN SECURE

8.75

0.10

8.85

19

                       EDUCATION LOANS: 

i. Vidya Sagar Scheme (Loan Quantum) *$

a. upto Rs.7.50 lakh

8.75

2.00

10.75

 

b. above Rs. 7.50 lakh

8.75

1.60

10.35

c. above Rs. 7.50 lakh (Abroad Studies)

8.75

1.25

10.00

    ii.  IBA Skill Loan (Max. Rs.7.50 lakh)   $

8.75

1.50

10.25

iii. Vidya Turant Scheme

a.with co-borrower

8.75

0.00

8.75

b.with out co-borrower

8.75

0.60

9.35

c. Select Top 85 Premium Institutes 

8.75

-0.65

8.10

^NEW EDUCATION LOAN SCHEME FOR PURSUING MASTER’S DEGREE IN ABROAD     FROM SELECT TOP RANKING UNIVERSITIES OF WORLD

COLL. SECURITY 100% & above

8.75

1.25

10.00

COLL.  SECURITY 75% & above (less than 100%).

8.75

1.85

10.60

COLL. SECURITY 50% & above (less than 75%).

8.75

2.10

10.85

iv. Vidya Sahay Scheme (max.Rs.1.00 lakh)

8.75

2.00

10.75

v. Vidya Shakthi (Max Rs.7.50 lakhs)

8.75

0.00

8.75

PM Vidyalaxmi Scheme

"AAA" Category Institutitons

8.75

-0.65

8.10

"AA" Category Institutitons

8.75

0.00

8.75

"A" Category Institutitons

8.75

0.25

9.00

20

Housing Loan – For Customer with minimal/nil income proof”

CIC Score Above 750

8.75

0.75

9.50

 

CIC Score 681 & upto 750, and (-1 to 99 in case of borrower having no credit history)

8.75

1.00

9.75

CIC Score 680 & below (Sub-Prime Risk Tier)

8.75

1.25

10.00

21

Canara Rooftop Solar (CRTS) – PM Surya Ghar Yojana (PMSGY)

a) CRTS - PMSGY – upto Rs. 2.00 Lakhs 

8.75

-2.25

6.50

b) CRTS - PMSGY– above Rs. 2.00 Lakhs

8.75

0.75

9.50

22

Canara-HEAL

8.75

2.3

11.05

23

Canara Readycash 

8.75

1.7

10.45

 

*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