Personal Banking
REPO LINKED LENDING RATE
RLLR OF THE BANK – 6.90% w.e.f. 07.08.2020
Personal Loan
A wedding in the family? Maybe your house needs renovation? Our range of Personal Loans brings you one step closer to your dreams.
"TIME NORMS FOR RETAIL LOAN APPLICATIONS"
Sl No. |
Nature of Credit facilities |
Time Norms* |
||
|
Sanctions at Branch/ RAH |
Sanctions at Circle |
Sanctions at HO |
||
|
1 |
Housing Loans upto Rs. 25 lacs |
21 days |
30 days |
6 to 8 weeks |
|
2 |
Housing loans above Rs. 25 lacs |
30 days |
45 days |
8 to 9 weeks |
|
3 |
Canara Rent |
NA |
45 days |
8 to 9 weeks |
|
4 |
Canara Mortgage / other Mortgage based loans |
NA |
45 days |
8 to 9 weeks |
|
5 |
Canara Jeevan |
NA |
30 days |
NA |
|
6 |
Canara Vehicle |
7 days |
15 days |
2 to 3 weeks |
|
7 |
Canara Budget |
7 days |
15 days |
2 to 3 weeks |
|
8 |
Teacher's Loan |
7 days |
15 days |
2 to 3 weeks |
|
9 |
Canara Consumer Loan |
7 days |
15 days |
2 to 3 weeks |
*Number of working days/weeks from the date of submission of all required documents.
INTEREST RATE RANGE ON LOANS AND ADVANCES GRANTED TO INDIVIDUALS UNDER RETAIL LENDING
Sl No. |
Categories of advance |
Interest Rate Range of Contracted loans w e f from 07.06.2020 |
Mean Rate |
|
1 |
Housing Loan |
6.90% to 9.40% |
8.35% |
|
2 |
Canara Budget |
11.30% to 12.30% |
11.60% |
|
3 |
Canara Vehicle |
7.30% to 13.90% |
9.15% |
|
4 |
Canara Mortgage |
9.95% to 12.00% |
11.15% |
|
5 |
Canara Rent |
8.80% to 9.30% |
10.40% |