The Fact Maker

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

Bengaluru : 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:

TenorExisting MCLRMCLR w.e.f. 07.01.2022Change
Overnight MCLR6.55 %6.55 %No Change
One Month MCLR6.55 %6.55 %No Change
Three Month MCLR6.85 %6.85 %No Change
Six Month MCLR7.20 %7.20 %No Change
One Year MCLR7.25 %7.25 %No Change

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