Canara Bank, a leading Public Sector Bank, has retained its Marginal Cost of Funds Based Lending Rate (MCLR) on Loans / Advances across all tenors with effect from December 7, 2020.
Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.12.2020:
|Tenor||Interest Rate (in %)|
|Overnight MCLR||6.80 %|
|One Month MCLR||6.80 %|
|Three Month MCLR||6.95 %|
|Six Month MCLR||7.30 %|
|One Year MCLR||7.35 %|
Repo Linked Lending Rate (RLLR) continues to be at 6.90%.