Canara Bank Car Loan in Jammu

About Canara Bank Car Loan in Jammu

The Canara bank was set up in the year 1906. It was set up before independence and is still one of the leading commercial banks in India. The main aim of the bank is to achieve the customer satisfaction. The car loan is one such product that helps the customer to achieve the dreams to buy a car for themselves and their family. For the people in the city of Jammu, which is one of the most improving and on the fast track of development, the car loan is one of the best options to pass the financial hurdle and become the owner of the vehicle as per their requirements. The car loan offered by Canara bank is one of the best options and assist the customers in managing the finances for the purchase of the desired car. It comes up with so many features and benefits like simple documentation, quick approval, and competitive rates.

Canara Bank Car Loan in Bhubaneswar at a glance

ParticularsDetails
Interest Rate8.60% - 9.25%
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 more details, click Car Loan Jammu

Address of Canara Bank Branches in Jammu

Branch NameComplete AddressIFSC CodeMICR CodeCustomer Care
Shalimar Road (Main), JammuKaran Bhavan, Shalimar Road, Jammu 180001CNRB00001001800150010191-2576622
Trikutanagar, JammuNear Power Station, J D A Market, Sector - 3, Trikutanagar, JammuCNRB00020681800150020191-2473382
Savings Branch, Jammu# 32, A Extension, Gandhinagar, Jammu, J & KCNRB00025941800150030191-2432079
Jammu Channi Himmat250 A, Sector - 2, Channi Himmat, JammuCNRB00029751800150040191-2460681
Bari Brahmana, JammuKalsa Complex, National High Way, Bari Brahmana - 181133, Dist Samba, JammuCNRB00031461800150059419105251
Talab Tillo JammuF-64, Talab Tillo, Jammu Pin-180002CNRB0005221180015011[email protected]
Jammu BakshinagarCanara Bank # 204, Bakshi Nagar, Behind Dilbagh Mandi, Jammu -180001CNRB0005279180015015[email protected]
Jammu Greater KailashCanara Bank Near Fawara Chowk Greater Kailash Distt. Jammu-180011CNRB0005282180015013[email protected]
Janipur JammuCanara Bank, Shakuntala Complex, Opposite High Court Road, Janipur, JammuCNRB00052231800150109596666266
Jammu SidhraNear SBI National Highway, Jammu Sidhraja MMU Sidhra, Jammu And Kashmir 181017CNRB00052221800150189418109881

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