Canara Bank announces MCLR, RLLR and Base Rate

Effective from 07 January 2020

Canara Bank announced the Marginal Cost of Fund based Lending Rate with effect from 07 January 2020 as under -

Overnight - 7.90%
One month - 7.90%
Three month - 8.20%
Six month - 8.35%
One year - 8.35%

The Repo Rate Linked Lending Rate (RLLR) for retail loans and MSME of Canara Bank is 8.05% with effect from 07 January 2020.

The Base Rate of Canara Bank is 9.10% with effect from 07 January 2020.

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