Canara Bank revised its Repo Linked Lending Rate (RLLR) and Marginal Cost of Funds Based Lending Rate (MCFLR) (MCLR). The new interest rates are effective from March 12, 2023.
Types of Canara Personal Loan. 1. Canara Budget: Unsecured personal loan to meet genuine personal or domestic needs. Loan amount: Up to Rs. 3 Lakhs. Rate of interest: 10.65% p.a. Tenure: Up to 60 months. Processing fee: 0.50% of the loan amount + GST, subject to minimum Rs. 1,000 and maximum Rs. 5,000. 2.
Low-Interest Rates for Used Cards and New Cars. Canara Bank. Effective interest rate starts from 8.70% p.a. Tenure is up to 84 months; Up to 90% of the on-road price may be provided; Lower interest rates are provided for women; Long Repayment Tenure. ICICI Bank. The interest rates start from 9.00% p.a. The repayment tenure is up to 7 years.
Latest Canara Bank lending rates According to a stock exchange filing by Canara Bank, the bank has revised its marginal cost of lending (MCLR) based lending rates across various tenors with effect from December 12, 2023. The overnight rate is 8%. The one-month rate is 8.1%. The three month rate is 8.2%. The six month rate is 8.55%.
Canara Bank home loan interest rates start from 8.85%. Union Bank of India According to the Union Bank of Website, “Union bank of India offer 0.05 % concession in the applicable rate of interest where female applicant/s stands as borrowers/co-borrowers in the loan and owner/co-owner in the proposed housing property.” 1. Applicable Liquidity premium is to be loaded in case of loans repayable above 1 year. 2. The following Interest concessions shall be extended subject to ultimate rate of interest not falling below respective MCLR. a) 0.50% concession to Women beneficiaries. b) 0.25% concession to CGMSE covered accounts. Experience secure and convenient online banking with Canara Bank's Net Banking services. Canara Home Loan Super Gain Home loan for NRIs; Interest Rate Range s16WTY.
