Rates of Interest of all Retail Lending Schemes are linked to REPO LINKED LENDING RATE RLLR OF THE BANK – 6.90% w.e.f. 07.02.2021
SL NO
LOAN PRODUCT
CIC - RISK GRADE
RLLR
WOMEN BORROWERS
OTHER BORROWERS
CREDIT RISK PREMIUM OVER RLLR
EFFECTIVE ROI UNDER RLLR
1
Housing Loan
CS : 1
6.90
0.00
0.05
6.95
CS : 2
0.10
7.00
CS : 3
0.45
7.35
0.50
7.40
CS : 4
1.95
8.85
2.00
8.90
2
Canara Vehicle Loan
Four wheelers including Agriculturists
0.40
7.30
0.55
7.45
0.60
7.50
0.95
7.85
1.00
7.90
2.95
9.85
3.00
9.90
Four Wheelers, for unrated i.e. where credit history is not available
Two Wheelers
2.10
9.00
2.15
9.05
2.25
9.15
2.30
9.20
5.25
12.15
5.30
12.20
13.90
Two Wheelers, for unrated i.e. where credit history is not available
3.25
10.15
3.30
10.20
* For Housing loans under Commercial Real Estate (3rd & subsequent dwelling unit) the applicable rate shall be the above rate +0.50%
3
Housing Loan to Corporates
1.25
8.15
4
Canara Vehicle LoanFour Wheeler to Firms/Companies
5
Home Improvement Loan
2.50
9.40
2.55
9.45
3.05
9.95
4.55
11.45
6
Canara Home Loan Plus
1.10
8.00
2.60
9.50
7
Canara Home Loan Secure
8
Canara Mortgage
3.10
10.00
3.60
10.50
5.10
12.00
9
Canara Site
1.05
7.95
1.60
8.50
10
Canara Rent
a) Navaratna PSUs, AAA rated Companies, Fortune 500 Companies, MNCs, Banks & Insurance Companies
b) Others
2.40
9.30
c) Property leased to our Bank
1.90
8.80
11
Canara Jeevan
12
Canara Budget-Individual
4.35
11.25
4.40
11.30
4.90
11.80
6.40
13.30
13
Canara Budget - Special Package
With salary Tie Up
Without salary Tie Up
5.40
12.30
14
Swarna Loan
0.75
7.65
15
Canara Cash
6.55
13.45
16
Canara Pension
17
Teachers Loan
4.00
10.90
4.05
10.95
6.05
12.95
18
All Other Personal Loans
5.50
12.40
5.55
12.45
19
Education Loans ##
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