Canara Bank retains Interest rates on loans/advances with effect from 07.07.2021
Bangalore: 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 July 7, 2021.
Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.07.2021:
| Tenor | Existing MCLR | MCLR
w.e.f. 07.07.2021 |
| Overnight MCLR | 6.70 % | 6.70 % |
| One Month MCLR | 6.70 % | 6.70 % |
| Three Month MCLR | 6.95 % | 6.95 % |
| Six Month MCLR | 7.30 % | 7.30 % |
| One Year MCLR | 7.35 % | 7.35 % |
Repo Linked Lending Rate (RLLR) continues to be at 6.90%.