Canara bank will help you to add wheels to your dreams.

Eligibility

• Salaried persons with qualifying income.
• Professionals and business people with qualifying income and required repayment capacity.
• Reputed firms and corporate are also eligible.

• For Purchase of new car, for personal or professional use
• Second hand cars (up to 5 years old).

Loan Amount

New Car – You can get up to 90% of the on road price.
Used Car – You can get 75% of the agreed price or Rs.6 lacs whichever is lower.

Repayment

Canara bank offers EMI (Equated Monthly installments) up to 72 months. Some times you get zero percent finance offers, these terms are normally up to one year only.

Documents Required

• Income proof
• Latest salary slips
• Loan application with two latest photographs
• Proof of Identity - Passport copy, PAN Card, Voters Id car, driving license

Service Fee

0.1% on the loan amount with a minimum of Rs.250 and maximum of Rs.500.

Interest Rate 

For Used Car 

• 2% of loan amount or Rs.5000/-, whichever is lower.
• Car-n-cash / Balance Transfer - 2% of Loan amount or Rs.4000/-, whichever is lower

Other Fee

For New Car