Canara Bank has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR), effective November 12, 2025. The changes impact various tenors, including overnight, one-month, three-month, six-month, one-year, two-year, and three-year MCLR. These adjustments reflect the bank’s response to the current funding environment and are expected to influence lending rates across different loan products.
Revised MCLR Rates Effective November 12, 2025
Canara Bank has announced adjustments to its Marginal Cost of Funds Based Lending Rate (MCLR) across various tenors, effective November 12, 2025. The revised rates are as follows:
New MCLR Details
The following table details the changes in the MCLR rates:
| Tenor | Existing Rate | Revised Rate |
|---|---|---|
| Overnight MCLR | 7.95% | 7.90% |
| One Month MCLR | 8.00% | 7.95% |
| Three Month MCLR | 8.20% | 8.15% |
| Six Month MCLR | 8.55% | 8.50% |
| One Year MCLR | 8.75% | 8.70% |
| Two Year MCLR | 8.90% | 8.85% |
| Three Year MCLR | 8.95% | 8.90% |
These revisions reflect Canara Bank’s adjustments to its lending rates in response to current market conditions.
Source: BSE
