Add wheels to your dreams!
...Imagine the excitement of owning a car..... the luxury, the thrill....
- For buying new or used four wheeler
- 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.
- For buying a brand new car, bring just 10% of the cost for loan upto Rs. 10.00 Lacs, 15% of the cost for loan above Rs. 10.00 Lacs & upto Rs. 25.00 Lacs and 20% of the cost for loan above Rs. 25.00 Lacs. Canara Bank will provide you loan upto 90%/85%/80% of the on road price. There is no ceiling on maximum loan amount
- For new vehicles, loan may be granted upto 90%/85%/80% of the total value inclusive of invoice value, life tax, registration charges, insurance premium and other accessories.
- 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.15.00 Lakh whichever is lower.
- 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.
- 0.25% on the loan amount with a minimum of Rs.1000/- and maximum of Rs.5000/-.
- However, now as a Retail Festival Offer, Processing Charges are waived for Canara Vehicle Loans sanctioned up to 31.03.2018 and disbursed on or before 30.04.2018.