Add wheels to your dreams!
...Imagine the excitement of owning a car..... the luxury, the thrill....

FOUR WHEELER:

Purpose:

• For buying new or used four wheeler

ELIGIBILITY:

• Salaried persons, professionals and business people, with qualifying income and required repayment capacity. Reputed firms and corporates are also eligible.

• HUF not eligible

Your Dream Car. Your contribution and ours...   

• For buying a brand new car, bring just 10% of the cost. Canara Bank will provide you loan upto 90% of the on road price. There is no ceiling on maximum loan amount!

• For new vehicles, loan may be granted upto 90% of the total value inclusive of invoice value, life tax, registration charges, insurance premium and other accessories.

USED CARS

• We also finance used cars (not older than 5 years) at the same low interest rates. We finance 75% of the agreed price or 75% of the value of the car, as assessed by an automobile engineer or Rs.6 lakh whichever is lower.

Repayment to suit your pocket:

• In convenient Equated Monthly Instalments upto 72 months. So, step into any of our branches and drive away your dream car.

Processing Charges:

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

TWO WHEELERS

Purpose:

• For purchase of brand new two wheelers

Eligibility :

• Individuals including professional and salaried class.

Quantum of Loan

• 70% of the total value inclusive of invoice value, life tax, registration charges, Insurance premium and other accessories or 15 months of net salary / 50% of the annual net income in the immediate previous year whichever is less.

Rate of Interest

Please visit our interest rate page for the current rates.

Repayment :-

• In convenient EMIs of 48 months. Selectively 60 months also considered.

Documents/Formalities:

• Stipulated Loan application with 2 passport size photos.

• Latest salary certificate and Form No.16 / Income – proof like ITAO/ IT Return, Financial statements as the case may be.

• Proforma Invoice or valuation report (as the case may be)

• Guarantee / co-obligation. Waiver considered selectively.

• RTO Forms

Processing Charges:

• 0.1% of the loan amount subject to minimum of Rs.100/- and maximum of Rs.250/-.