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Canara Bank MCLR Rate
Current Canara Bank MCLR rates range from 8.25% - 9.40% for different tenures w.e.f 12.08.2024. The MCLR is the minimum interest rate that the bank can charge for its loans. The bank fixes this rate every month.
Updated:
Current MCLR Rate by Top Banks 2024
The Marginal Cost of the Fund-Based Lending Rate (MCLR) is the minimum rate of interest below which a lender cannot charge for a specific loan. The MCLR determines the lower limit of the loan interest rate.
Following are Canara Bank MCLR Rate and the MCLR rates of top banks in India at present:
| Bank Name | Overnight | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years |
|---|---|---|---|---|---|---|---|
| Canara Bank | 8.25% | 8.35% | 8.45% | 8.80% | 9.00% | 9.30% | 9.40 |
| Axis Bank | 9.15% | 9.15% | 9.25% | 9.30% | 9.35% | 9.45% | 9.50% |
| Yes Bank | 9.10% | 9.45% | 10.10% | 10.35% | 10.50% | NA | NA |
| HDFC Bank | 9.10% | 9.15% | 9.25% | 9.40% | 9.45% | 9.45% | 9.45% |
| ICICI Bank | 8.60% | 8.60% | 8.65% | 9.00% | 9.10% | NA | NA |
| SBI | 8.20% | 8.45% | 8.50% | 8.85% | 8.95% | 9.05% | 9.10% |
| PNB | 8.30% | 8.35% | 8.55% | 8.75% | 8.90% | NA | 9.20% |
| PSB | 8.20% | 8.45% | 8.55% | 8.85% | 9.10% | NA | NA |
| Citibank | 6.65% | 6.90% | 6.95% | 7.00% | 6.95% | NA | NA |
| Bank of Baroda | 8.15% | 8.35% | 8.50% | 8.75% | 8.95% | NA | NA |
| IndusInd Bank | 10.20% | 10.25% | 10.40% | 10.55% | 10.55% | 10.55% | 10.55% |
| IDFC FIRST Bank | 10.20% | 10.20% | 10.40% | 10.60% | 10.70% | NA | NA |
| Bank of India | 8.15% | 8.40% | 8.55% | 8.75% | 8.95% | NA | 9.10% |
| Central Bank of India | 8.10% | 8.15% | 8.50% | 8.70% | 8.85% | NA | NA |
| Federal Bank | 9.45% | 9.50% | 9.55% | 9.65% | 9.70% | NA | NA |
| IDBI Bank | 8.40% | 8.55% | 8.85% | 9.10% | 9.15% | 9.70% | 10.10% |
| Indian Overseas Bank | 8.20% | 8.45% | 8.60% | 8.85% | 8.95% | 9.00% | 9.15% |
| UCO Bank | 8.20% | 8.35% | 8.50% | 8.80% | 8.95% | NA | NA |
| Kotak Bank | 8.75% | 9.00% | 9.15% | 9.40% | 9.55% | 9.55% | 9.65% |
| HSBC Bank | 8.30% | 8.45% | 8.60% | 8.70% | 8.75% | NA | NA |
Table of Contents: Canara Bank MCLR Rate[Hide]
MCLR Rate of Canara Bank
The MCLR of Canara Bank with effect from 12th August 2024 is mentioned below:
| Tenure | Canara Bank MCLR Rate |
|---|---|
| Overnight | 8.25% |
| 1 Month | 8.35% |
| 3 Months | 8.45% |
| 6 Months | 8.80% |
| 1 Year | 9.00% |
| 2 Year | 9.30% |
| 3 Year | 9.40% |
You can also check Canara Bank Loan Against Property Online.
Canara Bank MCLR Rate Trend
Below is the Canara Bank MCLR trend in the year 2024:
| Last MCLR Updated Date | Tenure | MCLR |
|---|---|---|
| 12.08.2024 | Overnight | 8.25% |
| 1 Month | 8.35% | |
| 3 Months | 8.45% | |
| 6 Months | 8.80% | |
| 1 Year | 9.00% | |
| 2 Years | 9.30% | |
| 3 Years | 9.40% | |
| 12.07.2024 | Overnight | 8.15% |
| 1 Month | 8.25% | |
| 3 Months | 8.35% | |
| 6 Months | 8.70% | |
| 1 Year | 8.90% | |
| 12.03.2024 | Overnight | 7.95% |
| 1 Month | 8.05% | |
| 3 Months | 8.15% | |
| 6 Months | 8.50% | |
| 1 Year | 8.90% | |
| 12.01.2024 | Overnight | 7.95% |
| 1 Month | 8.05% | |
| 3 Months | 8.15% | |
| 6 Months | 8.50% | |
| 1 Year | 8.80% | |
| 12.07.2023 | Overnight | 7.90% |
| 1 Month | 8.00% | |
| 3 Months | 8.15% | |
| 6 Months | 8.45% | |
| 1 Year | 8.65% | |
| 12.05.2023 | Overnight | 7.90% |
| 1 Month | 8.00% | |
| 3 Months | 8.15% | |
| 6 Months | 8.45% | |
| 1 Year | 8.65% | |
| 7.11.2022 | Overnight | 7.25% |
| 1 Month | 7.25% | |
| 3 Months | 7.55% | |
| 6 Months | 8% | |
| 1 Year | 8.10% | |
| 7.10.2022 | Overnight | 7.05% |
| 1 Month | 7.05% | |
| 3 Months | 7.40% | |
| 6 Months | 7.80% | |
| 1 Year | 7.90% | |
| 7.08.2022 | Overnight | 6.80% |
| 1 Month | 6.80% | |
| 3 Months | 7.10% | |
| 6 Months | 7.60% | |
| 1 Year | 7.65% | |
| 7.07.2022 | Overnight | 6.75% |
| 1 Month | 6.75% | |
| 3 Months | 7.05% | |
| 6 Months | 7.45% | |
| 1 Year | 7.50% | |
| 7.06.2022 | Overnight | 6.65% |
| 1 Month | 6.65% | |
| 3 Months | 6.95% | |
| 6 Months | 7.35% | |
| 1 Year | 7.40% | |
| 07.05.2022 | Overnight | 6.65% |
| 1 Month | 6.65% | |
| 3 Months | 6.95% | |
| 6 Months | 7.30% | |
| 1 Year | 7.35% | |
| 07.02.2022 | Overnight | 6.55% |
| 1 Month | 6.55% | |
| 3 Months | 6.85% | |
| 6 Months | 7.20% | |
| 1 Year | 7.25% | |
| 07.01.2022 | Overnight | 6.55% |
| 1 Month | 6.55% | |
| 3 Months | 6.85% | |
| 6 Months | 7.20% | |
| 1 Year | 7.25% |
Canara 1 Year MCLR Rate
Currently, the ongoing one-year MCLR Canara Bank rate is 8.25% effective from August 12, 2024. The MCLR rates of the bank are updated every month on the 12th. Even a little change in the MCLR can significantly affect your Canara Bank Home loan interest rates. Hence, you must check the updated MCLR every month.
Following are the 1-year MCLR Canara Bank for the year 2024:
| Date of Update | Tenure | MCLR |
|---|---|---|
| 12.08.2024 | 1 Year | 9.00% |
| 12.07.2024 | 1 Year | 8.15% |
| 12.03.2024 | 1 Year | 8.90% |
| 12.01.2024 | 1 Year | 8.80% |
| 12.07.2023 | 1 Year | 8.65% |
| 12.05.2023 | 1 Year | 8.65% |
| 07.01.2022 | 1 Year | 7.25% |
| 07.02.2022 | 1 Year | 7.25% |
| 07.03.2022 | 1 Year | 7.25% |
| 07.04.2022 | 1 Year | 7.25% |
| 07.05.2022 | 1 Year | 7.35% |
| 07.06.2022 | 1 Year | 7.40% |
| 07.07.2022 | 1 Year | 7.50% |
| 07.08.2022 | 1 Year | 7.65% |
| 07.09.2022 | 1 Year | 7.75% |
| 07.10.2022 | 1 Year | 7.90% |
| 07.11.2022 | 1 Year | 8.10% |
Canara Bank MCLR Rate History
There has been a frequent change in the MCLR and RLLR of Canara Bank this year. Following is the Canara Bank MCLR history along with the Canara Bank RLLR rate history for the year 2024:
| Last MCLR Updated Date | MCLR | RLLR |
|---|---|---|
| 12.08.2024 | 8.25% - 9.40% | 9.25% |
| 12.07.2024 | 8.15% - 9.30% | 9.25% |
| 12.03.2024 | 7.95% - 8.90% | 9.25% |
| 12.01.2024 | 7.95% - 8.80% | 9.25% |
| 12.07.2023 | 7.90% - 8.65% | 9.25% |
| 12.05.2023 | 7.90% - 8.65% | 9.25% |
| 7.11.2022 | 7.25% - 8.10% | 8.80% |
| 7.10.2022 | 7.05% - 7.90% | 8.80% |
| 7.08.2022 | 7.80% - 7.65% | 8.30% |
| 7.07.2022 | 6.75% - 7.50% | 7.80% |
| 7.06.2022 | 6.65% - 7.40% | 7.30% |
| 07.05.2022 | 6.65% - 7.35% | 7.30% |
| 07.02.2022 | 6.55% - 7.25% | 6.90% |
| 07.01.2022 | 6.55% - 7.25% | 6.90% |
Related Articles
Canara Bank MCLR Rate FAQs
What is current MCLR rate?
Currently, Canara Bank MCLR ranges from 8.25% - 9.40% for different tenures.
What is the current 1-year MCLR of Canara Bank?
The current 1-year MCLR of Canara Bank is 9% w.e.f 12.08.2024.
What is the current Canara Bank Base Rate?
The current Canara Bank Base Rate is 8.95% w.e.f 12.07.2024.
What is Repo Linked Lending rate (RLLR) in Canara Bank?
The Repo Linked Lending rate in Canara Bank is 9.25% as of the 12th of February 2024.
What is the current MCLR rate by RBI?
The current MCLR (overnight) fixed by the RBI ranges from 8.25% - 9.40%.
