Canara Bank RLLR
According to the Canara Bank website, “Rates of Interest of all Retail Lending Schemes are linked to REPO LINKED LENDING RATE RLLR OF THE BANK – 9.40% w.e.f 09.02.2023.”
Canara Bank housing loan concession
The bank offers concession of 0.25 on housing loan of 9.40%. The above concession will be applicable to only Low Risk Borrowers where new housing loans (all variants) sanctioned and disbursed during the period i.e., from 01.01.2023 to 31.03.2023.
Note that interest rate on housing loan will depend on credit risk premium over RLLR.
| CRG | RLLR | WOMEN BORROWERS | OTHER BORROWERS | ||||
| -3 | -4 | -5 | -6 | ||||
| Credit Risk Premium over RLLR | *Concession | Effective Rate of Interest under RLLR | Credit Risk Premium over RLLR | *Concession | Effective Rate of Interest under RLLR | ||
| CRG:1 | 9.4 | 0 | (-0.25) | 9.15 | 0.05 | (-0.25) | 9.2 |
| *The above concession will be applicable to only Low Risk Borrowers where new housing loans (all variants) sanctioned and disbursed during the period i.e., from 01.01.2023 to 31.03.2023 | |||||||
| CRG:2 | 9.4 | 0.05 | 0 | 9.45 | 0.1 | 0 | 9.5 |
| CRG:3 | 9.4 | 0.45 | 0 | 9.85 | 0.5 | 0 | 9.9 |
| CRG:4 | 9.4 | 1.95 | 0 | 11.35 | 2 | 0 | 11.4 |
Punjab National Bank RLLR
“Exchange is hereby informed that the increase in the Repo Linked Lending Rate (RLLR) is from 8.75% to 9.00% w.e.f. 09.02.2023,” said PNB in its filing.
According to the bank website, “The RLLR has been changed from 8.75% to 9.00% {Repo Rate (6.50%) + Mark-up (2.50%)} w.e.f. 09-02-2023 for all customers. Along with RLLR BSP of 25 bps will be charged.”
| Repo Linked Lending Rate (RLLR) | |
| Existing w.e.f.08-12-2022 | Revised w.e.f.09-02-2023 |
| 9.00% | 9.25% |
| (RLLR 8.75% + BSP 0.25%) | (RLLR 9.00% + BSP 0.25%) |