Canara Bank cuts lending rates across all tenors

Canara Bank announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR) effective July 12, 2025, with reductions across all tenors.

The overnight MCLR will decrease to 7.95% from 8.00%, while the one month rate moves to 8.00% from 8.05%. Three month MCLR drops to 8.20% from 8.25%, and six month falls to 8.55% from 8.60%.

For longer tenors, the one year MCLR will be 8.75% (down from 8.80%), two year drops to 8.90% (from 8.95%), and three year falls to 8.95% (from 9.00%).