Canara Bank Car Loan in Chennai
Last Updated : March 27, 2017, 10:55 a.m.
About Canara Bank Car Loan in Chennai
Canara bank is one of the leading commercial banks in India. It has been in the banking industry for more than hundred years. The bank is one of the best when it comes to customer satisfaction. It has introduced many firsts in the banking system. The products and services provided by it is one of the best and has the international standard. The car loan is the product that has assisted the people in having the car of their own. The city of Chennai is one of the metropolitan city of the country. It is one of the most advanced cities in southern India, where the people have all kinds 0of job with the decent standard of living. One car per family is something everyone aspires for in their life once they start earning. It is one of the priority to have a vehicle for all types of work and have the own mode of transport. For all of them, the car loan given by the Canara bank is one of the best options to fulfill the financial requirements to be the car owner.
Canara Bank Car Loan in Chennai at a glance
| Particulars | Details |
|---|---|
| Interest Rate | 7.30% Onwards |
| Loan amount | For New Cars: Minimum Loan: upto ₹10,00,000 Maximum Loan: ₹25,00,000 & above For Pre-owned Cars: 75% of the agreed price or 75% of the value of the car, as assessed by an automobile engineer or ₹ 15,00,000/- whichever is lower. |
| Tenure | For new vehicles - 7 years For used vehicle(not older than 5 years)- 5 years |
| Processing fee | 0.25% on the loan amount with a minimum of ₹1000/- and maximum of ₹5000/- |
| Pre- payment charges | NIL |
Eligibility Criteria
- Eligible Segments – Individuals, professionals, reputed firms and companies
- Minimum annual gross salary of the individuals should ₹ 3 lacs
- The non-individuals candidates should have minimum gross income of ₹ 3 lacs per months
Documents Required
- Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible)
- Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
- Proof of Income: Latest salary slip with form 16 Audited balance sheet, Profit & Loss Account for latest two years/ Have a minimum turnover of ₹ 4,50,000 per annum/ Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company/ Latest ITR
- Bank Statement: Last 6 months
To get further information, visit Car Loan Chennai .
Address of Canara Bank Branches in Chennai
| Branch Name | Address | IFSC Code | MICR | Contact Details |
|---|---|---|---|---|
| Chennai Teynampet | No.563/1, Anna Salai(G Floor), , Teynampet, Chennai - 600018, | CNRB0000416 | 600015038 | 044 - 24312001 |
| Foreign Department, Chennai | Spencer Towers - I, Gr.Floor, , P.B.No.3715, 770 - A, Anna Salai , , Chennai 600002 | CNRB0000905 | 600015013 | 044-28497058 |
| Chennai A N Street | P.B.No.2019, 131, A N Street, George Town, Chennai 600079 , | CNRB0000906 | 600015007 | 044 - 25299205 |
| Chennai Kellys Corner | P.B.No.3007, , 207 Purasawalkam High Road, Chennai 600007 | CNRB0000907 | 600015020 | 044 - 26426004 |
| Chennai General Patters Road | Pb 307, 110, General Patters Road, Chennai 600002 | CNRB0000908 | 600015014 | 044 - 28531146 |
| Chennai Guindy | 75, Mount Road, Guindy, , Chennai 600032 , | CNRB0000909 | 600015016 | 044 - 22349262 |
| Chennai Pallavaram | 25, I Floor, Old Trunk Road, Pallavaram, , Chennai 600043 | CNRB0000910 | 600015029 | 044 - 22401908 |
| Chennai Mount Road | 787, Karim Mansion, Mount Road, Chennai 600002? | CNRB0000911 | 600015024 | 044 - 28520073 |
| Perambur, Chennai | 68, Madhavaram High Road, Perambur, Chennai 600011 | CNRB0000912 | 600015031 | 044 - 2551 4981 |
| Kotturpuram, Chennai | 4/1, Gandhi Mandapam Main Road, Kotturpuram, , Chennai - 600085 | CNRB0001550 | 600015021 | 044-24472232 |
| Padmanabhanagar Adyar , Chennai | 123, Lb Road, Adyar, Chennai 600020 | CNRB0001609 | 600015049 | 044-2440571 |
| Chennai Annanagar (W) Extension | Plot No.583, School Road, , Anna Nagar West Extension, , Chennai 600101 | CNRB0001834 | 600015061 | 044 - 26151483 |
| Nri Branch , Chennai | Spencer Towers - Ii, I Floor, 770 - A, Anna Salai Madras 600002 | CNRB0001987 | 600015063 | 044-28497029 |
| Velachery, Chennai | 2, 100 Ft Road, Tansi Nagar, Chennai | CNRB0002504 | 600015067 | 044-24865232 |