Canara Bank MCLR Rates June 2018
The revised MCLRs Rates of Canara Bank shall be applicable only to new loans/advances sanctioned/first disbursement made on or after March 7, 2018 and those credit facilities renewed/ reviewed / reset undertaken and where switch over to MCLR linked interest rate is permitted at the option of the borrower, on or after May 2018.
Effective from May 7, 2018, the tenor linked MCLRs of the Bank are revised as under:
| S. NO. | TENOR OF MCLR | MCLR |
| 1 | Overnight MCLR | 8.00% |
| 2 | One Month MCLR | 8.05% |
| 3 | Three Month MCLR | 8.25% |
| 4 | Six Month MCLR | 8.35% |
| 5 | One year MCLR | 8.45% |