Canara Bank Business Loan - Frequently Asked Questions

The rate of interest charged by Canara Bank on the business loan is linked to base rate which is 10.75% p.a . The rate of interest charged depends on the amount of loan and the nature of business.
Canara Bank Business Loan Interest Rate Table


Loan Amount (in Rs.)

Interest Rate on Short Term Loan (p.a)

Interest Rate on Term Loan (p.a)

Micro Enterprises

Small & Medium Entreprises

Micro Enterprises

Small & Medium Entreprises

Upto 50,000

BR + O.50%

BR + 1%

BR +1%

BR + 1.50%

Above 50,000 Up to 2,00,000

BR + 2.50%

BR + 3%

BR + 2.50%

BR + 2% – BR + 3%

Above 2,00,000 Up to 2,00,00,000

Graded rate of interest based on scoring norms and parmeters

Graded rate of interest based on scoring norms and parmeters

BR + 1.50% to BR + 4.50%

BR + 2.25% to BR + 5%

BR + 1.75% to BR + 4.75%

BR + 2.25% to BR + 5.75%

Above 2,00,00,000 Up to 10,00,00,000

Graded rate of interest based on Internal Credit Risk Rating BR+ 3.25% to 5.75% Plus applicable Term Premium

Above 10,00,00,000

Graded rate of interest based on External Credit Risk Rating BR+ 2.25% to 5.75% Plus applicable Term Premium

 
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