Canara Bank announced on Saturday that it has a limited period offer wherein home loans interest rates will start from 6.65% per annum. "This offer is applicable to all customers irrespective of the loan amount. Along with the attractive rate of interest and quick & hassle free sanction, the Bank has waived processing and documentation charges.
Attractive Rate of Interest. Upto 90% loan facility available. Facility of part withdrawal of deposits in units of Rs.1000/- available. Special Rate for Senior Citizens. Amount of Deposit. Minimum Rs.1000/-. Maximum - No ceiling. (Can be deposited in odd amount also) Period of Deposit.
After the latest hike on December 7, the effective interest rate of Canara Bank on existing housing loans will be between 8.55 per cent per annum and 10.80 per cent per annum. The bank offers home0.25% on the loan amount with a minimum of Rs.1000/- and maximum of Rs.5000/-. Bank is celebrating Retail Loan Festival and waiver of 100% processing charges from 01.01.2024 to 31.01.2024. Security. Mortgage of House/Flat; Hypothecation of the assets created out of the loan proceeds. Repayment tenure The bank has hiked MCLR by 20 basis points on all tenures. Canara Bank increased rates on overnight and one-month MCLR from 7.05% to 7.25%. The three-month MCLR has been increased to 7.55%, while the six-month MCLR has been increased to 8% from 7.80%.
Canara Bank offers its account holders a minimum interest rate of 2.90% and a maximum of 3.55% on savings account. Let us find out variants of savings accounts offered by Canara Bank. Canara Bank Savings Account Interest Rates 2023
The loan amount offered by Canara Bank Mudra loan facility ranges between ₹10,000 to ₹10 Lakhs. Applicants between the ages of 25 and 55 are eligible to apply for the Canara Bank Mudra loans.
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