Canara Vehicle
Purpose
Add wheels to your dreams!
...Imagine the excitement of owning a car..... the luxury, the thrill....
- For buying new or used four wheeler
Eligibility
- All individual borrowers / professionals / reputed firms / companies are eligible. However HUF is not eligible.
- Salaried individuals should have a minimum gross salary of Rs.3.00 lacs p.a. Minimum NTH after proposed installment should not be less than 25% or Rs.12,000/- whichever is higher.
- Other than salaried individuals should have a minimum Gross Annual Income of Rs. 3.00 lakhs p.a. as per latest ITR/ITAO subject to 3 years Gross Average Annual Income of not less than Rs. 2.50 lakhs. Minimum NTH after proposed installment should not be less than 25% or Rs.12,000/- whichever is higher.
Your Dream Car. Your contribution and ours...
|
Loan Amount |
Margin for existing customer* |
Margin for New Customers |
|
Up to Rs.10.00 lacs. |
10% |
20% |
|
above Rs.10.00 lacs and up to Rs. 25.00 lacs |
15% |
25% |
|
Above Rs. 25.00 lacs |
20% |
30% |
USED CARS
- We also finance used cars (not older than 5 years) at the same low interest rates. We finance 60% of the agreed price or 60% of the value of the car or 60% of the original value of the vehicle, as assessed by an automobile engineer or Rs.15.00 Lakh whichever is lower.
Rate of Interest
Repayment to suit your pocket
- In convenient Equated Monthly Instalments upto 84 months ( 60 months in case of second hand vehicles ). So, step into any of our branches and drive away your dream car.
Processing Charges
- 0.25% on the loan amount with a minimum of Rs.1000/- and maximum of Rs.5000/-.