Find details of canara bank car loan through Canara Bank EMI calculator. Just enter the loan amount of car you want to get financed and rate of interest. Canara Bank EMI calculator automatically calculates the installment on reducing balance and it does not have any other processing fee.
New Car Loan Rates
| Tenure | 3 Years |
| Down Payment | 0.1 |
| Processing Fee | 0.25% of loan amount min 1000 - max 5000 |
| Interest Rate | 8.70% - 8.95% |
| Document Charges | |
Canara Bank avails you with host of services and facilities online with which you can get car loan approval in an easier way. The customers who are dreamt of owning their desired car will turn their dream into reality via the golden opportunity provided by Canara Bank. The eligibility criteria set by the bank that any individual having minimum gross income of Rs. 1.00 lakh per annum erases the hindrance that only silver-spooned can purchase the latest available cars. The bank even churns out the repaying capacity of an individual who had applied for loan by extending the tenure up to 8 years for new car while it is 5 years for used cars. Vicky. in proves to be the powerful tool through the provision of accurate information on processing fee, documentation charges, EMI amount of such banks
Loan Eligibility Calculator
Canara Bank Car Loan eligibility, Interest Rate, documents and process
Eligibility Criteria : Car Loan
Salaried persons, professionals and business people, with qualifying income and required repayment capacity. Reputed firms and corporates are also eligible
Salaried Self
Age : Minimum and maximum age Not Available
Minimum and maximum age Not Available
Income : Income Criteria Not Available
Income Criteria Not Available
Job Experience : Minimum Job Experience Not Available
Minimum Job Experience Not Available
Residence Proof : Minimum Duration of Stay Not Available
Minimum Duration of Stay Not Available
Docs Required : Car Loan
ID Proof :
Passport or voter's card or driving licence or PAN card
Passport or voter's card or driving licence or PAN card
Address Proof :
Ration card or passport or latest electricity bill or latest telephone bill or latest credit card bill bank statements, last 6 months bank statements
Ration card or passport or latest electricity bill or latest telephone bill or latest credit card bill bank statements, last 6 months bank statements
DOB Proof :
Birth Certificate or 10th Class Passing Certificate
Birth Certificate or 10th Class Passing Certificate
Financial Docs:
Salaried Individuals:
Latest 3 months Bank Statement (where salary/income is credited)
3 Latest salary slips
Proof of Continuity current job (Form 16 / Company appointment letter )
Proof of Qualification Highest Degree (for Professionals / Govt employees)
Self employed (Professionals):
Bank Statements(latest 6 months bank statement /passbook)
Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
Qualification proof of the highest professional degree
Self Employed (Individuals):
Bank Statements(latest 6 months bank statement /passbook)
Audited latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs.
Proof of continuation (Trade licence /Establishment /Sales Tax certificate)
Other Mandatory Documents(Sole Prop. Decl. Or Cert. Copy of Partnership Deed,Cert. Copy of MOA, AOA & Board resolution.)
