Canara Bank Retained Interest rates on loans/advances with effect from 07.01.2021
INVC NEWS
Chennai ,
Canara Bank, a leading Public Sector Bank, has retained its Marginal Cost of Funds Based Lending Rate (MCLR) on Loans / Advances across all tenors with effect from January 7, 2021.
Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.01.2021:
|
Tenor |
Interest Rate (in %) |
|
Overnight MCLR |
6.80% |
|
One-Month MCLR |
6.80% |
|
Three- Month MCLR |
6.95% |
|
Six-Month MCLR |
7.30% |
|
One Year MCLR |
7.35% |
Repo Linked Lending Rate (RLLR) continues to be at 6.90%.
