Welcome to Canara Bank, an Ideal destination for Personal Banking needs! Interest Rate Range on Loans; Approved Housing Projects; Canara HOME LOAN. 8.40% p.a Canara Bank offers FD interest rates of 4.00-7.25% p.a. to the general public and 4.00-7.75% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Canara Bank Tax Saving FDs is 6.70% p.a. to the general public for tenures of 5 years. Eligible borrowers can avail Home Loans with attractive interest rates on both floating and fixed rate loans, lower Equated Monthly Instalments (EMIs) and no pre-payment charges on floating loan rates. ICICI Bank home loan comes with a competitive interest rate at 8.75%* p.a. (8.75%* interest applicable to customers with pre-approved offers only.) 6.55% - 7.25%. 6.90%. You can also use Loan Prepayment Calculator to find out how much you will save on interest and how it affects your Loan EMI. in Canara Bank is 6.50% as per the 12th July 2023 update by RBI. The current MCLR (overnight) fixed by the RBI ranges from 7.90% - 8.65%. The one year MCLR stands at 8.70%. Canara Bank revised its latest marginal cost of funds-based lending rates (MCLR). The rates will be effective from October 12, 2023. These rates are kept unchanged from previous rates. The one-month MCLR rate stands at 8.05%. The three-month MCLR rate at 8.15 percent. No upper limit on (subject to income) Lower Rate of Interest. Reducing Balance Interest Rate. No Prepayment penalty. Avail loan for Repairs/ Renovation of house/flat. Financing to acquire 2nd house/flat. Minimal processing charges. Complimentary Credit Card. For Construction of House. 8.75%. 10.5%. Kotak Mahindra Bank. --. 8.85%. 9.35%. Interest rates as on June 1, 2023. Source: Compiled by ETIG. Transferring your debt to a lender offering low home loan interest rates may be a good solution if you are finding it tough to pay your mortgage due to rising interest rates. Canara Bank charges a processing fee of 0.10%, subject to a minimum of Rs. 500 and a maximum of Rs. 10,000. Special Note: There's a 100% waiver on processing fees from September 1, 2023, to December 31, 2023. A nice little perk to keep in mind! And loans above INR 7.5 lakh can be availed by submitting the adequate collateral asked for. For all loan types and amounts, the average Canara bank education loan interest rate is in the range of 9.90% and 10.70%. The processing fee charged is 0.5% of the loan amount and the current interest rate ranges from 9.40% p.a. to 11.45% p.a. You can avail the Canara Bank Home Improvement Loan to purchase household furniture, fans, refrigerator, air conditioners, etc. The processing fee charged is 0.5% of the loan amount and the current interest rate ranges from ciAl.