Check your Canara Bank car loan eligibility. Rate: 8.75 - 10.50% p.a. Max amount: ₹75 L.
Canara Bank offers car loan at an interest rate of 8.75 - 10.50% p.a. with a maximum tenure of 7 years. The maximum loan amount is ₹75 L with a minimum monthly income requirement of ₹20,000.
| Loan Amount | Monthly EMI | Total Interest | Min Income Required |
|---|---|---|---|
| ₹3 Lakh | ₹6,191 | ₹71,460 | ₹10,862/mo |
| ₹4 Lakh | ₹8,255 | ₹95,300 | ₹14,483/mo |
| ₹5 Lakh | ₹10,319 | ₹1,19,140 | ₹18,104/mo |
| ₹6 Lakh | ₹12,382 | ₹1,42,920 | ₹21,723/mo |
| ₹7 Lakh | ₹14,446 | ₹1,66,760 | ₹25,344/mo |
| ₹8 Lakh | ₹16,510 | ₹1,90,600 | ₹28,965/mo |
| ₹9 Lakh | ₹18,574 | ₹2,14,440 | ₹32,586/mo |
| ₹10 Lakh | ₹20,637 | ₹2,38,220 | ₹36,206/mo |
Canara Bank Car Loan interest rate ranges from 8.75 - 10.50% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
Canara Bank offers a maximum car loan of ₹75 L with a tenure of up to 7 years.
The processing fee for Canara Bank Car Loan is 0.50% + GST.
Canara Bank Car Loan prepayment policy: Nil after 12 months.
The minimum monthly income required is ₹20,000. Use the calculator above to check your exact eligibility based on your income.