Close X
Sunday, November 28th, 2021

Canara Bank slashes Interest rates on loans/advances with effect from 07.10.2021

INVC NEWS
Chennai

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

 

Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.10.2021:

 

Tenor

Interest Rate (in %)

Overnight MCLR

6.55%

One-Month MCLR

6.55%

Three- Month MCLR

6.85%

Six-Month MCLR

7.20%

One Year MCLR

7.25%

 

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

Comments

CAPTCHA code

Users Comment