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CANMOBILE - Vehicle Loan |
Add wheels to your dreams !
...Imagine the excitement of owning a car..... the luxury, the thrill....
Purpose:
For buying new or used four wheeler / new two Wheeler.
Eligibility:
Salaried persons, professionals and business people, with qualifying income and required repayment capacity. Reputed firms and corporates are also eligible.
Your Dream Car. Your contribution and ours ..
For buying a brand new car, bring just 10% of the cost. Canara Bank will provide you loan upto 90% of the on road price. There is no ceiling on maximum loan amount!
Used Cars
We also finance used cars (not older than 5 years) at the same low interest rates. We finance 75% of the agreed price or 75% of the value of the car, as assessed by an automobile engineer or Rs.6 lakh whichever is lower.
Rate of Interest:
Please visit our page on rate of interest on personal loans.
Interest is charged on the daily reducing balance. So you don´t have to pay interest even for a day extra on the portion repaid by you.
No one can genuinely give you money at zero cost. So, beware of advertisements promising zero percent finance. Try to detect the catches(Rate of interest is subject to change from time to time).
Repayment to suit your pocket:
In convenient Equated Monthly Installments upto 72 months. In zero percent finance offers, the terms are normally upto one year only. So, step into any of our branches and drive away your dream car.
Processing Charges:
0.1% on the loan amount with a minimum of Rs.250/- and maximum of Rs.500/-.
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