Eligibility and Documentation for Canara Bank Car Loan

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Canara Bank Car Loan :

Car is like a small house which can accommodate whole family at one place. So, a personal house on wheels is waiting for you to take a drive. Everybody of us dreams for a car and that dream can now be fulfilled by Canara Bank Car loan.

Canara Bank is a government bank that has extended its feet’s to the new heights by entering into almost all the product lines that are covered by modern banks. Car Loan is one among them.

Now a days buying a car is just like a cake walk. Thanks to the modern banking and its products. Car loan will cover almost all of your car’s cost and you can drive home a car by just paying from your piggy bank. Isn’t that amazing? Fulfill your dreams by joining hands with Canara Bank.

Now, we will take this picture to the next level by describing you the lavishing features of Canara Bank Car Loan.

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Features of Canara Bank Car Loan:

Pay just 10% of the total ‘on road price’ and take home your dream ‘Savari’.

You’ll be entitled to the total loan amount of 90% including taxes, registration costs etc. i.e. 90% of ‘on road price’.

You can get the loan for used cars as well as new cars.

The Maximum loan tenure would be 7 years in case of new cars and 5 years in case of old cars.

You can avail any amount of loan as there is no ceiling to the amount of loan.

You can pay the amount in EMI’s that would be very simple and convenient.

The processing fees of the loan would be very less @ 0.25% with the maximum and the minimum ceiling of Rs 5000 and Rs 1000 respectively.

Canara Bank Car Loan Eligibilty:

Following people are eligible for Canara Bank Car loans:Salaried personsProfessionalsBusiness peopleReputed firmsCorporates

All the above people should have a regular and stable income that qualifies for car loan.

All the above people should have the repayment capacity to repay the amount for which they are looking for the car loan.

All the above people should have a good credit score with zero default history.

Documents required for getting Canara Bank Car loan:

A complete application form with 2 passport size photographs.

Latest salary slips or financial statements as the case may be.

Statement of accounts.

Latest form 16 or IT returns.

Valuation report is to be submitted or an invoice needs to be handed over, as the case may be.

Some guarantee is required in lieu of loan amount.

And you have to submit the RTO forms as required.

Canara Bank car loan interest rate:

Canara Bank car loan interest rate: 10.70% for all the variants.

So, now when you all have gone through the story, it’s time for its climax and that would be written by you only. Yes, now fulfill your dream by applying for a Canara bank car loan. You can get all the required information at www.bankbazaar.com. Moreover, you can also calculate your EMI amount and plan your expenses accordingly. So, don’t wait! Just apply!

Thank you for checking through our slide. For more information about the Car Loans from different banks etc., then just browse through Bank Bazaar.

http://www.bankbazaar.com/canara-bank-car-loan.html