COMPARE : CAR LOANS
Canara Bank Car Loan
Introduction
Canara Bank offers loan to buy your own luxury car. The bank provides loan upto 90% of the on road price and there is no ceiling on the maximum loan amount. For used cars, which are not older than 5 years, bank 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.
Highlights
  New Car Used Car
Loan Type Term Loan Term Loan
Ex-Showroom/On Road On Road On Road
Loan Amount Bank 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. Maximum allowable loan amount is Rs 6 lakhs.
Tenure Min. - 12 months.
Max. - 84 months.
Min. - 12 months.
Max. - 60 months.
Interest Rate 10.7 % 10.7 %
Time to Process Loan 7 days 7 days
Preferred Manufacturers Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota
 Fees & charges
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