Canara Bank retains Interest rates on loans/advances with effect from 07.01.2022

 

Canara Bank retains Interest rates on loans/advances with effect from 07.01.2022

Bengaluru, 6^th January 2022: 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 January 7, 2022.

 

Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.01.2022:

 

Tenor	Existing MCLR	MCLR w.e.f. 07.01.2022	Change
Overnight MCLR	6.55 %	6.55 %	No Change
One Month MCLR	6.55 %	6.55 %	No Change
Three Month MCLR	6.85 %	6.85 %	No Change
Six Month MCLR	7.20 %	7.20 %	No Change
One Year MCLR	7.25 %	7.25 %	No Change

 

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