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.

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"TIME NORMS FOR RETAIL LOAN APPLICATIONS"

Sl No.	Nature of Credit facilities	Time Norms*
Sl No.	Nature of Credit facilities	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	Teachers 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 01.07.2021	Mean Rate
1	Housing Loan	6.90% to 9.40%	7.16%
2	Canara Vehicle	7.30% to 13.90%	8.45%
3	Canara Mortgage	9.95% to 12.00%	10.51%
4	Canara Rent	8.80% to 9.30%	8.73%
5	Canara Budget	11.25% to 13.30%	10.70%