Canara 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 %)|
|Three- Month MCLR||6.95%|
|One Year MCLR||7.35%|
Repo Linked Lending Rate (RLLR) continues to be at 6.90%.