Canara Bank retains Interest rates on loans/advances with effect from 07.08.2021

 

Canara Bank retains Interest rates on loans/advances with effect from 07.08.2021

Bengaluru,6 August, 2021.Canara Bank, a leading Public Sector Bank, has retained its Marginal Cost of Fund Based Lending Rate (MCLR) on Loans / Advances across all tenors with effect from August 7, 2021.

 

Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.08.2021:

 

Tenor	Existing MCLR	MCLR w.e.f. 07.08.2021	Change
Overnight MCLR	6.70 %	6.70 %	No Change
One Month MCLR	6.70 %	6.70 %	No Change
Three Month MCLR	6.95 %	6.95 %	No Change
Six Month MCLR	7.30 %	7.30 %	No Change
One Year MCLR	7.35 %	7.35 %	No Change

 

Repo Linked Lending Rate (RLLR) continues to be at 6.90%.