Here, P is Amount of Education Loan, R is Rate of Interest, n is Tenure of the Loan. Or simply you can use the EMI calculator provision available on Canara Bank’s official website. 35 This loan's interest rate starts from 7.45%p.a. and it has a processing fee of 0.50% of the loan amount. Interest Rates. The Canara home loan Plus has an interest rate that is linked to the Repo Linked Lending Rate (RLLR). Currently, the RLLR is 6.90 percent. This loan's interest rate ranges from 7.45 percent to 9.50 percent per annum. Rates of Interest on Rupee Loans/Advances for Non Priority Advances. Rate of Interest for Rupee Export Credit linked to STRLLR. Repo Linked Lending Rate (RLLR) W.E.F 12.01.2024 is 9.25%. Marginal Cost of Funds Based Lending. RLLR Linked Interest Rates On Loans Under Msme Lending. Rates Of Interest For Retail Lending Schemes. Other Benchmark Rates Nominal processing fee of 0.50% on the loan amount with a Minimum of Rs. 1,500/- & maximum of Rs. 10,000/- is charged; Bank is celebrating Retail Loan Festival and waiver of 100% processing charges from 01.09.2023 to 31.12.2023; Security. Mortgage of House/Flat; Hypothecation of the assets created out of the loan proceeds. Repayment tenure Features and Benefits of HDFC Personal Loan. HDFC Personal loan interest rate range between 10.50-24% p.a. No collateral or security required to avail a personal loan. Loan disbursal in 10 seconds for pre-approved HDFC customers. For others, 4 working days, subject to documentation and verification. Canara Bank home loan interest rates are designed for the self-employed and salaried segments as a financial solution to purchase, extend, construct, repair and renovate homes. The interest rates charged by the bank are attractive, and the minimal fees make the loan affordable. Cheapest home loans in March 2023. Lowest home loan interest rate. Lowest home loan interest rate: 1. Union Bank of India. Union Bank home loan interest rate. Best banks for home loan: 2. Kotak Mahindra Bank. Kotak Mahindra home loan interest rate. Best banks for home loans: 3. 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. Karnataka Bank. SCHEME. INTEREST RATE. New Home Loan. 8.75% to 10.43%. Here’s a list of the interest rates currently offered by India’s top public & private sector to help you compare the Canara Mortgage Loan allows better budgeting as it offers loans at a competitive rate of interest and flexible loan repayment tenure. If the loan amount is Rs.20 lakh and the rate of interest is 12.50% p.a. Rate of Interest. 12.50% per annum. Approximate EMI amount (Rs.) ugneUOG.