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Canara Bank Car Loan

Canara Bank Car Loan

Canara Bank offers loans for buying new/used four wheeler and new two wheeler. Professional, waged persons and business persons and firm/corporates, by means of qualify income and compulsory repayment capability is entitled.

Features & profit of Canara Bank Car Loan

  1. Interest is emotional on the daily by reducing balance. So you don't have to pay interest even for a day additional on the piece repaid by you
  2. Canara Bank will offer you loan up to 90% of the on road price. There is no upper limit on maximum loan amount of car loan
  3. In some nil percent finance offers, the conditions are usually up to one year only.Canara Bank offers suitable (EMI) Equated Monthly Instalments upto 72 months

Details of Canara Car Loan. Use our calculator to compare offers from multiple banks

Interest Rate (Daily reducing balance)

11% permanent

Processing Fees

0.1% of Loan Amount, by means of minimum of Rs 250 and maximum of Rs. 500

Preclosure charges

nil

Loan residence

1 year to 6 years

Loan Amount

capable of 90% for new vehicles
75% for old vehicles with maximum as Rs 6 lakhs

Guarantor Requirement

Guarantor is obligatory


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