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Canara Bank - Two Wheeler Loans Bangalore

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Widely known for customer centricity, Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port town in Karnataka. The Bank has gone through the various phases of its growth trajectory over hundred years of its existence. Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. Eighties was characterized by business diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones.
Loan Details

Eligibility

Individuals including professionals and salaried class.

Two Wheeler Loan:
Quantum of loan

Salaried class - 80 % of the invoice value or 15 months of net salary whichever is less.

Professionals & other non-salaried class, 80 % of the invoice value or to the extent of 50 % of their annual net income in the immediate previous year whichever is less.

Rate of interest

PLEASE VISIT OUR PAGE ON RATE OF INTEREST ON PERSONAL LOANS

Repayment

In convenient EMIs of 48 months. Selectively 60 months also considered. Documents / Formalities

Stipulated Loan Application with 2 passport size photos

Latest salary certificate and Form No.16 / income - proof like ITAO / IT Return, Financial Statements as the case may be

Proforma Invoice or valuation report (as the case may be)

Guarantee / co-obligation. Waiver considered selectively

Processing charges

0.1 % of the loan amount subject to minimum of Rs.100/- and maximum of Rs.250/-.

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