Canara Bank MCLR Rate
Current Canara Bank MCLR rates range from 8.35% - 9.45% for different tenures w.e.f 12.02.2025. The MCLR is the minimum interest rate that the bank can charge for its loans. The bank fixes this rate every month.
Current MCLR Rate by Top Banks 2025
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 | 8.35% | 8.35% | 8.55% | 8.90% | 9.10% | 9.35% | 9.45% |
| 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 |
MCLR Rate of Canara Bank
The MCLR of Canara Bank with effect from 12th February 2025 is mentioned below:
| Tenure | Canara Bank MCLR Rate |
|---|---|
| Overnight | 8.35% |
| 1 Month | 8.35% |
| 3 Months | 8.55% |
| 6 Months | 8.90% |
| 1 Year | 9.10% |
| 2 Year | 9.35% |
| 3 Year | 9.45% |
You can also check Canara Bank Loan Against Property Online.
Canara 1 Year MCLR Rate
Currently, the ongoing one-year MCLR Canara Bank rate is 8.35% effective from February 12, 2025. 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 2025:
| Date of Update | Tenure | MCLR |
|---|---|---|
| 12.02.2025 | 1 Year | 8.35% |
| 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 2025:
| Last MCLR Updated Date | MCLR | RLLR |
|---|---|---|
| 12.02.2025 | 8.35% - 9.45% | 8.75% |
| 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% |
Canara Bank MCLR Rate FAQs
Currently, Canara Bank MCLR ranges from 8.35% - 9.45% for different tenures.
The current 1-year MCLR of Canara Bank is 9.10% w.e.f 12.02.2025.
The current Canara Bank Base Rate is 8.35% w.e.f 12.02.2025.
The Repo Linked Lending rate in Canara Bank is 9.45% as of the 12th of February 2025.
The current MCLR (overnight) fixed by the RBI ranges from 8.35% - 9.45%.
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