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Home Improvement Loan

Applicable Rate Of Intrest

Rates of Interest of all Retail Lending Schemes are linked to ONE YEAR MCLR OF THE BANK

ONE YEAR MCLR OF THE BANK – 8.45% w.e.f. 07.01.2017

  1. Housing Loans:

For Housing Loans under Commercial Real Estate (3rd & subsequent dwelling Unit), the applicable rate shall be the above rate + 0.50%

 Scheme Name

Loan Quantum

Rate Of Interest

 Present Interest Rates

HOUSING LOAN,

HOUSING LOAN TO AGRICULTURISTS,

HOUSING LOAN TO NRIs,

YUVA AWAS RIN ( CANYAR),

HOUSING LOAN TO SENIOR CITIZENS*,

PRADHANMANTRI AWAS YOJNA (PMAY)*

HOUSING CUM SOLAR LOAN

Up to Rs. 75 Lakhs

Women- One year MCLR +0.20%

Others - One year MCLR +0.25%

8.65%

 

8.70%

Above Rs.75 Lakhs

Women- One year MCLR +0.25%

Others - One year MCLR +0.30%

8.70%

 

8.75%

HOUSING LOAN CRE
(3rd and subsequent dwelling unit)

Up to Rs. 75 Lakhs

Women- One year MCLR +0.20%+0.50%

Others - One year MCLR +0.25%+0.50%

9.15%

 

9.20%

Above Rs.75 Lakhs

Women- One year MCLR +0.25%+0.50%

Others - One year MCLR +0.30%+0.50%

9.20%

 

9.25%

HOME IMPROVEMENT LOAN

One Year MCLR + 2.45%

10.90%

CANARA HOME LOAN PLUS

Term Loan

One Year MCLR + 2.80%

11.25%

Over Draft

One Year MCLR + 3.30%

11.75

  1. Canara Vehicle loan

 Scheme Name

Description

Rate Of Interest

Present Interest Rates

Car Loan –

CANARA VEHICLE LOAN

 

CANARA VEHICLE LOAN

TO AGRICULTRIESTS

Central Government Employees, Defense and Paramilitary Personnel

One Year MCLR + 0.30%

8.75%

Women Borrower (First borrower being woman in case of Joint Borrowers)

One Year MCLR + 0.45%

8.90%

Other Borrowers

One Year MCLR + 0.50%

8.95%

Two Wheeler -

CANARA VEHICLE

One Year MCLR + 3.20%

11.65%

  1. Mortgage Loans :

 Scheme Name

Description

Rate Of Interest

Present Interest Rates

CANARA SITE

One Year MCLR + 6.45%

14.90%

CANARA MORTGAGE

One Year MCLR + 3.00%

11.45%

CANARA RENT

For Navaratna PSUs, AAA rated Companies, Fortune 500 Companies, MNCs, Banks,

Insurance Companies

One Year MCLR + 2.70%

11.15%

For General Companies

One Year MCLR + 3.00%

11.45%

CANARA JEEVAN

One Year MCLR + 1.50%

9.95%

 

  1.  Education Loans:

 Loan Quantum

ROI

Present Interest Rates

Up to Rs. 4 Lakhs

MCLR + 2.00%

10.45%

> Rs. 4 Lacs to Rs. 7.50 Lakhs

MCLR + 2.00%

10.45%

>Rs. 7.50 lakhs

MCLR + 1.80%

10.25%

 IBA´s Model Loan scheme for Vocational Education & Training

MCLR + 1.50%

9.95%

 The concession of 0.50% on the above applicable ROI extended to girl students.

  1. Gold Loan

 Scheme Name

Rate Of Interest

Present Interest Rates

SWARNA LOAN

One Year MCLR + 3.30%

11.75%

 6.Other Retail lending schemes :

 Scheme Name

Description

Rate Of Interest

Present Interest Rates

CANARA CONSUMER LOAN

One Year MCLR + 4.45%

12.90%

CANARA BUDGET

With Salary tie-up

One Year MCLR + 4.30%

12.75%

Without Salary tie-up

One Year MCLR + 5.30%

13.75%

For BSNL Employees

One Year MCLR + 2.30%

10.75%

CANARA PENSION

One Year MCLR + 3.20%

11.65%

TEACHERS LOAN

One Year MCLR + 3.95%

12.40%

CANARA CASH

One Year MCLR + 6.45%

14.90%

ALL OTHER PERSONAL LOANS(including Loans to Individuals against other approved securities)

One Year MCLR + 5.45%

13.90%