Canara Bank Car Laons

The car loans by the Canara Bank are given for the purchase of the new vehicle, which are to be for personal use only. Canara Bank also offers loans for the purchase of pre-owned vehicle, which is not more than 3 years old.

To get the benefit of the Canara Bank car loan, the person should be a salaried person, with the gross income of Rs. 10,000 p.m. Agriculturalists and professional self employed and business men are also eligible to get loans from Canara Bank. It must be kept in mind that the car loan should be fully repaid before the individual turns 70 years of age.

The Canara Bank car loan amount that is offered to the individual does not exceed 2 times of the Net Annual Income or Net Annual Salary.