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Canara Bank Car Loan in Chennai

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

Interest Rate7.30% Onwards
Loan amountFor 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.
TenureFor new vehicles - 7 years
For used vehicle(not older than 5 years)- 5 years
Processing fee0.25% on the loan amount with a minimum of ₹1000/- and maximum of ₹5000/-
Pre- payment chargesNIL

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 NameAddressIFSC CodeMICR Contact Details
Chennai TeynampetNo.563/1, Anna Salai(G Floor), , Teynampet, Chennai - 600018,CNRB0000416600015038044 - 24312001
Foreign Department, ChennaiSpencer Towers - I, Gr.Floor, , P.B.No.3715, 770 - A, Anna Salai , , Chennai 600002CNRB0000905600015013044-28497058
Chennai A N StreetP.B.No.2019, 131, A N Street, George Town, Chennai 600079 ,CNRB0000906600015007044 - 25299205
Chennai Kellys CornerP.B.No.3007, , 207 Purasawalkam High Road, Chennai 600007CNRB0000907600015020044 - 26426004
Chennai General Patters RoadPb 307, 110, General Patters Road, Chennai 600002CNRB0000908600015014044 - 28531146
Chennai Guindy75, Mount Road, Guindy, , Chennai 600032 ,CNRB0000909600015016044 - 22349262
Chennai Pallavaram25, I Floor, Old Trunk Road, Pallavaram, , Chennai 600043CNRB0000910600015029044 - 22401908
Chennai Mount Road787, Karim Mansion, Mount Road, Chennai 600002?CNRB0000911600015024044 - 28520073
Perambur, Chennai68, Madhavaram High Road, Perambur, Chennai 600011CNRB0000912600015031044 - 2551 4981
Kotturpuram, Chennai4/1, Gandhi Mandapam Main Road, Kotturpuram, , Chennai - 600085CNRB0001550600015021044-24472232
Padmanabhanagar Adyar , Chennai123, Lb Road, Adyar, Chennai 600020CNRB0001609600015049044-2440571
Annanagar (W) Extension
Plot No.583, School Road, , Anna Nagar West Extension, , Chennai 600101CNRB0001834600015061044 - 26151483
Nri Branch , ChennaiSpencer Towers - Ii, I Floor, 770 - A, Anna Salai Madras 600002CNRB0001987600015063044-28497029
Velachery, Chennai2, 100 Ft Road, Tansi Nagar, ChennaiCNRB0002504600015067044-24865232

Personal Loan Interest Rates February 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates February 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%