Canara Green Wheels - Sustainable Future with Eco-Friendly Auto Loans

For Individuals	Purchase of New Electrical 4-Wheeler.
For Corporates	Loan can also be availed by Companies / Firms for professional use i.e. purchase of vehicle for usage by their Directors / employees.
Quantum	No upper Limit.
Processing charges	0.25% on the loan amount with a minimum of Rs.1000/-+GST and maximum of Rs.5000/-+GST. Bank is celebrating Retail Loan Festival and waiver of 50% processing charges from 01.04.2025 to 30.06.2025.
Repayment Tenure	Maximum 84 EMIs
Margin	Up to Rs.25.00 lakh - 15% Above Rs.25.00 lakh - 25%

All the individual borrowers/professionals/reputed firms/companies.
Individuals
- Salaried Individuals Minimum gross salary of Rs 3.00 Lakh p.a.
- Other than Salaried Individuals Minimum gross annual income of Rs.3.00 Lakh p.a. as per latest ITR/ITAO subject to 3 years Gross Average Annual Income of not less than Rs. 2.50 Lakh.
Corporates :
With subject to the satisfactory credit worthiness in respect of firms/companies by their net worth, repaying capacity, etc.
In case of agriculturist, the total annual income of the applicant and/or co-applicant together should be a minimum of Rs 4.00 lakh.

Stipulated Loan Application with 2 passport size photos of applicant / Co-applicant or guarantor.
KYC documents of applicant/Co-applicant or guarantor.
Proof of Residence (Driver’s License/Voter Id/Passport / Aadhar Card / Electricity Bill/Telephone Bill etc., /Business Proof related GST and others.
In case of salaried persons : Latest 6 months’ salary slips (including Co-applicants) and Form No.16 & ITR if any. supported by Employee ID/Appointment Letter/ Confirmation in services evidencing duration of the employment/3 years IT Returns & in case of NRI copy of work permit.
In case of self-employed persons : IT Returns filed for the past three assessment years along with Balancing sheet/Profit & Loss accounts if any.
Quotation of Vehicle from Authorized Dealer.
Valuation Report of Automobile engineer in respect of use vehicles (if applicable).

Canara Vehicle