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KINDLY NOTE : Interest rates
are subject to change at short intervals. Though all efforts are being made
to update the interest rates in our website, please obtain latest interest
rates from your nearest branch.
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REVISION IN BPLR AND LENDING RATES
Bank's BPLR is revised to 13.25% with effect from 10.11.2008. Accordingly all the lending rates linked to BPLR is revised downwards by 0.75% with effect from 10.11.2008
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REVISION IN LENDING RATES ON HOUSING LOANS TO CUSTOMERS
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A) ROI on housing loans w.e.f. 10.11.2008:
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As on
09.11.08
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Revised w.e.f. 10.11.2008
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As on
09.11.08
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Revised w.e.f. 10.11.2008
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Upto 5 years
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10.25
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9.50
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11.00
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10.25
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Above 5 years &upto 10 years
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10.50
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9.75
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11.25
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10.50
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Above 10 years & upto 25 years
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10.75
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10.00
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11.50
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10.75
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* Reset at the end of every
3 years.
The revised rate of interest as above is applicable for fresh loans
sanctioned on or after 10.11.2008.
ROI on all slabs linked to BPLR.
Additional interest @ 0.25 % above the card rates for acquisition of second
house/flat.
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B) Margin for housing loans:
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New house/flat
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20%
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20 %
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Old house/flat
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25 %
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25 %
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C) Loans for acquiring second house/flat:
- Additional interest @
0.25 % p.a. over and above the applicable rates.
- Margin @ 25 %.
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Home Improvement Loan
Rate of Interest:
w.e.f 10.11.2008
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IF HOME IMPROVEMENT LOAN (HIL) IS AVAILED ALONG WITH THE HOUSING LOAN OR AN EXISTING HOUSING LOAN IS OUTSTANDING IN OUR BANK THE RATE OF INTEREST (ROI) AS APPLICABLE TO HOUSING LOANS.
IF THE HOME IMPROVEMENT LOAN IS AVAILED INDEPENDENTLY THE APPLICABLE ROI IS PREVAILING BPLR, Presently, 13.25% p.a.
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Canara Site
w.e.f 04.10.2008
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Loans repayable in 5
years
15.00%
Loans repayable in above 5 years term (Max of 10
years)
15.00%
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Canara jewel
w.e.f 04.10.2008
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SCHEME DISCONTINUED – For existing Customer 15.00%
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Canara tech
w.e.f 04.10.2008
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SCHEME DISCONTINUED – For existing customer 15.00%
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Canara travel
w.e.f 04.10.2008
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SCHEME DISCONTINUED - for existing customer 15.00%
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Canara value
w.e.f 04.10.2008
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SCHEME DISCONTINUED – For existing customer 15.00%
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Canara Cash
w.e.f 04.10.2008
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15.00% p.a.
On daily reducing balance,
(Subject to change from time to time)
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CanMobile (Car Loan / Two-Wheeler Loan)
w.e.f 10.11.2008
- a. Car loan – 12.50%
p.a (fixed) - For fresh loans only
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Canara Budget (Simple Personal Loan)
w.e.f 04.10.2008
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Floating Rate - 15.00% p.a.
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Canara Pension
w.e.f 07.08.2008
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Floating Rate – 12.50% p.a.
A concessional rate for our Senior Citizens!
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Teachers Loan scheme
w.e.f 04.10.2008
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Floating Rate -15.00% p.a.
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(xxii). CANARA RENT
Canararent where the lessees are - Navaratna PSUs, AAACos, Fortune 500
Cos, MNCs, Banks, Insurance Cos
Other than above
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15.25*
15.75*
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13.25
13.75
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(xxiii). CANARA MORTGAGE
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16.25*
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15.00
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Fixed rate loans to be reset every 3 years
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Gold Loan/Swarna Loan Scheme
w.e.f 04.10.2008
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Loans for Traders & Businessmen: w.e.f. 04.10.2008
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Upto Rs.2 lakhs
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14.50% p.a.
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Above Rs.2 lacs including loans under priority sector
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15.00% p.a.(No Change).
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Vidyasagar Loan for Students:
Rate of Interest : (Subject to changes as advised by Bank / RBI from time
to time):
- Student satisfying
DRI norms
(irrespective of quantum of loan)
(DRI:annual income less than Rs 7200 p.a)
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4.00%
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- Others
- Upto Rs.4 lakhs
- Above Rs.4 lakhs
upto Rs. 7.50 lacs
- Above Rs. 7.50
lacs upto Rs. 20 lacs
- Above Rs.15.00
lacs upto Rs.20.00 lakhs
*For
students secured admission in IIT/ IIM/ ISB
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12.50%
13.50%
11.25%
11.25%
10.75%
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*for loans granted w.e.f. 09.07.2005
NOTE :
- 0.50 % concession in ROI
for prompt servicing of interest during study period.
- Reduction of 1 % for
all courses in all slabs / category for girl students for loans
granted from 1.12.2005 to 30.6.2008.
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Canmahila Loan Scheme
w.e.f 04.10.2008
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Doctor's Choice (Medical practitioners Loan Scheme)
w.e.f 17.04.2007
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Upto Rs 50000
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11.00
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11.50
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>Rs. 50000 upto Rs. 2.00 lacs
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11.50
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12.00
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> Rs. 2 lacs upto Rs.5 lacs
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11.75
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12.25
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> Rs. 5 lacs upto Rs.10 lacs
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12.75
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13.25
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IPO Financing:
w.e.f. 04.10.2008
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Loans under ESOP Scheme :
w.e.f. 04.10.2008
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Loans to assist employees to subscribe to shares of
their own companies under reserve quota
w.e.f. 04.10.2008
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Loans to individuals (Clean OD/DPN other than Teachers’
loan):
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BULC:(wef 04.10.2008)
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Upto 90 days
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14.00% p.a.
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Above 90 days Upto 180 days
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15.00% p.a.
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Loans to individuals against other approved securities:
w.e.f. 07.08.2008
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Loans against Debt oriented MFs: w.e.f. 04.10.2008
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Corporate Loan scheme : w.e.f. 07.08.2008
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STLR : w.e.f. 07.08.2008
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Canara Guide :
w.e.f. 07.08.2008
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Canara Jeevan :
w.e.f 07.08.2008
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Fixed – 10.50% - Reset at end of 3 years
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Canara Trade :
w.e.f . 04.10.2008
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KINDLY NOTE : Interest rates
are liable to change without prior notice.
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