Interest Rates for Fixed-Rate Retail Lending Schemes

RATES OF INTEREST FOR RETAIL LENDING SCHEMES

Rates of Interest of all Retail Lending Schemes are linked to FIXED RATE OF INTEREST

RLLR OF THE BANK – 8.00%* w.e.f 12.12.2025

The applicable RLLR is as per the following
i. For new accounts including running limits i.e., OD/OCC etc., under RLLR regime opened on or after 12.12.2025, the applicable RLLR is 8.00%
ii. For accounts including running limits i.e., OD/OCC etc., under RLLR regime that are opened before 12.02.2023 and have not completed 3 years from the initial account opening date, the applicable RLLR is 8.15%.
iii. For accounts including running limits i.e., OD/OCC etc., under RLLR regime that are opened before 12.02.2023 and have completed 3 years from the initial account opening date, the applicable RLLR is 8.00%
iv. For accounts including running limits i.e., OD/OCC etc., under RLLR regime that are opened on or after 12.02.2023, the applicable RLLR is 8.00%.

Sl. No

LOAN PRODUCT

CRG

RLLR

WOMEN BORROWERS

OTHER BORROWERS

1

2

3

4

5

6

Fixed Rate Premium (FRP)

Credit Risk Premium over RLLR

Concession

Effective Rate of Interest under RLLR

Fixed Rate Premium (FRP)

Credit Risk Premium over RLLR

Concession

Effective Rate of Interest under RLLR

1

                      HOUSING LOAN

APPLICABLE ROI (IRRESPECTIVE OF LOAN AMOUNT)

HOUSING LOAN

CRG-PRIME

8.00

0.75

0.00

-0.25

8.50

0.75

0.05

-0.25

8.55

CRG : 1

8.00

0.75

0.00

0.00

8.75

0.75

0.05

0.00

8.8

CRG : 2

8.00

0.75

0.05

0.00

8.8

0.75

0.10

0.00

8.85

CRG : 3

8.00

0.75

0.45

0.00

9.2

0.75

0.50

0.00

9.25

CRG : 4

8.00

0.75

1.95

0.00

10.7

0.75

2.00

0.00

10.75

2

                          CANARA VEHICLE LOAN

APPLICABLE ROI (IRRESPECTIVE OF LOAN AMOUNT)

Canara Vehicle (4 Wheeler Loans including Agriculturists (General)

CRG-PRIME

8.00

0.75

0.10

-0.15

8.70

0.75

0.15

-0.15

8.75

CRG : 1

8.00

0.75

0.10

0.00

8.85

0.75

0.15

0.00

8.9

CRG : 2

8.00

0.75

0.25

0.00

9

0.75

0.30

0.00

9.05

CRG : 3

8.00

0.75

0.65

0.00

9.4

0.70

0.00

9.45

CRG : 4

8.00

0.75

2.05

0.00

10.8

0.75

2.10

0.00

10.85

APPLICABLE ROI (IRRESPECTIVE OF LOAN AMOUNT)

Canara Green Vehicle (4 WHEELER Electric Vehicle including Agriculturist)~

CRG-PRIME

8.00

0.75

0.00

-0.15

8.60

0.75

0.00

-0.15

8.60

CRG : 1

8.00

0.75

0.00

0.00

8.75

0.75

0.00

0.00

8.75

CRG : 2

8.00

0.75

0.15

0.00

8.90

0.75

0.15

0.00

8.90

CRG : 3

8.00

0.75

0.55

0.00

9.30

0.75

0.55

0.00

9.30

CRG : 4

8.00

0.75

2.70

0.00

11.45

0.75

2.70

0.00

11.45

Canara Vehicle         (2  Wheelers)

CRG : 1  

8.00

0.75

2.10

0.00

10.85

0.75

2.15

0.00

10.90

CRG : 2  

8.00

0.75

2.25

0.00

11.00

0.75

2.30

0.00

11.05

CRG : 3

8.00

0.75

5.25

0.00

14.00

0.75

5.30

0.00

14.05

CRG : 4

8.00

0.75

7.00

0.00

15.75

0.75

7.00

0.00

15.75

Note:-

1.Housing Loan ( All Variants ) includes Housing Loan to Agriculturists, NRIs, Canara Kuteer.

2. For Housing Loans under Commercial Real Estate (3rd unit the applibale ROI is 0.25% above the card rate & 4th and subsequent dwelling unit  the applicable Rate of Interest shall be 0.50% above the card rate.) based Retail Loans.

Sl.No

LOAN PRODUCT

CRG

RLLR

FRP

where security is equal to 200%

where security is equal to >200%=300%

where security is equal to >300%

Credit Risk Premium over RLLR

Effective Rate of Interest under RLLR

Credit Risk Premium over RLLR

Effective Rate of Interest under RLLR

Credit Risk Premium over RLLR

Effective Rate of Interest under RLLR

3

Canara Mortgage

CRG : 1  

8.00

0.75

1.25

10.00

1.15

9.90

1.05

9.80

CRG : 2  

8.00

0.75

1.50

10.25

1.40

10.15

1.30

10.05

CRG : 3

8.00

0.75

2.05

10.80

1.95

10.70

1.85

10.60

CRG : 4

8.00

0.75

3.55

12.30

3.45

12.20

3.35

12.10

Sl. No

LOAN PRODUCT

CRG

RLLR

FRP

Credit Risk Premium over RLLR

Effective Rate of Interest under RLLR

1

2

3

4

5

6

7

4

*Canara Vehicle (4 Wheelers) to  Firms/Companies (General & Electric Vehicle)

NA

8.00

0.75

0.30

9.05

OTHER RETAIL LENDING SCHEMES

5

@HOME IMPROVEMENT LOAN

CRG : 1

8.00

0.75

2.50

11.25

CRG : 2

8.00

0.75

2.55

11.30

CRG : 3

8.00

0.75

3.05

11.80

CRG : 4

8.00

0.75

4.55

13.30

@ The subject scheme is discontinued w.e.f 14.02.2023 and the applicable ROI shall continue for existing loans.

6

CANARA HOME LOAN PLUS - Term Loan

CRG : 1

8.00

0.75

0.55

9.30

CRG : 2

8.00

0.75

0.60

9.35

CRG : 3

8.00

0.75

1.10

9.85

CRG : 4

8.00

0.75

2.60

11.35

7

CANARA SITE

CRG : 1

8.00

0.75

1.05

9.80

CRG : 2

8.00

0.75

1.10

9.85

CRG : 3

8.00

0.75

1.60

10.35

CRG : 4

8.00

0.75

2.10

10.85

8

CANARA JEEVAN

NA

8.00

0.75

1.60

10.35

9

CANARA BUDGET-INDIVIDUAL

CRG : 1

8.00

0.75

4.35

13.10

CRG : 2

8.00

0.75

4.40

13.15

CRG : 3

8.00

0.75

4.90

13.65

CRG : 4

8.00

0.75

6.40

15.15

CANARA BUDGET-PRIME (WITH SALARY TIE-UP)

CRG : 1

8.00

0.75

1.40

10.15

CRG : 2

8.00

0.75

1.40

10.15

CRG : 3

8.00

0.75

1.40

10.15

CRG : 4

8.00

0.75

6.40

15.15

CANARA BUDGET-PRIME                      (WITHOUT SALARY TIE-UP)

CRG : 1

8.00

0.75

2.40

11.15

CRG : 2

8.00

0.75

2.40

11.15

CRG : 3

8.00

0.75

2.40

11.15

CRG : 4

8.00

0.75

6.40

15.15

CANARA BUDGET-DELIGHT                      (WITH SALARY TIE-UP)

CRG : 1

8.00

0.75

2.40

11.15

CRG : 2

8.00

0.75

2.40

11.15

CRG : 3

8.00

0.75

2.40

11.15

CRG : 4

NOT ELIGIBLE FOR LOAN

10

CANARA CASH

NA

8.00

0.75

6.55

15.3

11

*TEACHERS LOAN

CRG : 1

8.00

0.75

4.00

12.75

CRG : 2

8.00

0.75

4.05

12.80

CRG : 3

8.00

0.75

4.55

13.30

CRG : 4

8.00

0.75

6.05

14.80

*The subject scheme is discontinued w.e.f 02.01.2024 and the applicable ROI shall continue for existing loans.

12

ALL OTHER PERSONAL Loans

CRG : 1

8.00

0.75

5.50

14.25

CRG : 2

8.00

0.75

5.55

14.30

CRG : 3

8.00

0.75

6.05

14.80

CRG : 4

8.00

0.75

7.00

15.75

13

Loans To Individuals Against Other Approved Securities 

8.00

0.75

0.25

9.00

14

CANARA PENSION

    a. General Public (including Family pensioners)

8.00

0.75

2.50

11.25

  b. Our Bank Retirees

i)  Loan to our Bank Retired Employees and their Family Pensioners      

8.00

0.75

2.00

10.75

ii) To avail loan for payment of Annual Premium of the IBA group Mediclaim Insurance Policy

8.00

0.75

0.50

9.25

15

CANARA HOME LOAN SECURE

NA

8.00

0.75

0.10

8.85

16

                    EDUCATION LOANS:

i. Vidya Sagar Scheme  (Loan Quantum) *$

a. upto Rs.7.50 lakh

8.00

0.75

2.00

10.75

b. above Rs. 7.50 lakh

8.00

0.75

1.60

10.35

    ii.  IBA Skill Loan (Max. Rs.7.50 lakh)   $

8.00

0.75

1.50

10.25

iii. Vidya Turant Scheme

a.with co-borrower

8.00

0.75

0.00

8.75

b.with out co-borrower

8.00

0.75

0.60

9.35

c. Select Top 7 Premium Institutes

8.00

0.75

-0.65

8.10

^NEW EDUCATION LOAN SCHEME FOR PURSUING MASTER’S DEGREE IN ABROAD     FROM SELECT TOP RANKING UNIVERSITIES OF WORLD

COLL . SECURITY 100% & above

8.00

0.75

1.60

10.35

COLL.  SECURITY 75% & above (less than 100%).

8.00

0.75

1.85

10.60

COLL. SECURITY 50% & above (less than 75%).

8.00

0.75

2.10

10.85

iv.Vidya Sahay Scheme (max.Rs.1.00 lakh)

8.00

0.75

2.00

10.75

v. Vidya Shakthi (Max Rs.7.50 lakhs)

8.00

0.75

0.00

8.75

17

PM Vidyalaxmi Scheme

"AAA" Category Institutitons

8.00

0.75

-0.25

8.50

"AA" Category Institutitons

8.00

0.75

-0.25

8.50

"A" Category Institutitons

8.00

0.75

-0.25

8.50

18

Housing Loan – For Customer with minimal/nil income proof”

CIC Score Above 750

8.00

0.75

0.75

9.50

CIC Score 681 & upto 750, and (-1 to 99 in case of borrower having no credit history)

8.00

0.75

1.00

9.75

CIC Score 680 & below (Sub-Prime Risk Tier)

8.00

0.75

1.25

10.00

19

Canara Rooftop Solar (CRTS) – PM Surya Ghar Yojana (PMSGY)

a) CRTS - PMSGY – upto Rs. 2.00 Lakhs

8.00

0.75

-2.25

6.50

b) CRTS - PMSGY– above Rs. 2.00 Lakhs

8.00

0.75

0.75

9.50

20

Canara-HEAL

8.00

0.75

2.30

11.05

21

Canara Readycash

8.00

0.75

2.70

11.45

22

Canara Insta MF Loan

8.00

0.75

1.00

9.75

*Concession of 0.50% ROI extended to girl students under Education Loans

$ Concession of 0.50% for prompt servicing of Interest during course period under Education Loans

^the ROI linked with collateral security

Applicable Administrative Costs/Switchover Charges in case of Interest Rate Regime conversion (i.e Floating to Fixed or vice-versa) for EMI based Retail loans is @0.25% of the loan amount with Min of Rs 250/- +GST & Maximum upto Rs 25,000/+GST