canara bank two wheeler loan
Introduction
Canara Bank offers two wheeler loans at competitive interest rates. The loan can be availed for a period of 36 months and the repayment can be made in easy EMIs.
Eligibility Criteria
If you’re looking to take out a Canara Bank two wheeler loan, there are a few things you need to know. First and foremost, you need to meet the eligibility criteria in order to be approved for financing. Here’s what you’ll need:
-A minimum income of Rs. 15,000 per month
-A minimum employment tenure of 6 months
-A valid two-wheeler driving license
If you meet all of the above criteria, you should have no problem getting approved for a Canara Bank two wheeler loan.
Interest Rates
Canara Bank offers some of the lowest interest rates on two wheeler loans in the market. With our competitive rates, you can save money on your loan and pay it off sooner. Apply now to get pre-approved for a loan and start shopping for your new ride today.
Loan Amount
If you’re looking to finance a new two-wheeler, Canara Bank offers attractive loan options with low interest rates. You can borrow up to 85% of the on-road price of the vehicle, and choose a repayment tenure of up to 5 years.
With Canara Bank’s two-wheeler loan, you can enjoy several benefits such as:
– Competitive interest rates
– Flexible repayment tenure
– Quick and easy approval process
– No hidden charges or pre-payment penalties
Processing Fee
When you take out a Canara Bank two wheeler loan, you’ll be charged a processing fee. This fee is typically a percentage of the loan amount, and it’s used to cover the costs associated with processing and approving your loan. The processing fee for a Canara Bank two wheeler loan is 2.50% of the loan amount.
Tenure
The tenure for a Canara Bank two wheeler loan is between 1 and 3 years. The interest rate is fixed at 10.75% per annum. Theloan can be repaid in EMIs.
Repayment Schedule
If you are planning to take out a Canara Bank two wheeler loan, it is important to be aware of the repayment schedule. This will help you to budget for your loan and ensure that you make your repayments on time.
The repayment schedule for a Canara Bank two wheeler loan is as follows:
-Repayments are made on a monthly basis.
-The loan must be repaid within 36 months.
-The interest rate on the loan is 9.50% per annum.
Keep this repayment schedule in mind when taking out a Canara Bank two wheeler loan so that you can plan accordingly.
Security
If you’re looking for a loan to finance your new two-wheeler, Canara Bank offers competitive rates and flexible repayment options. Plus, our loan process is simple and transparent, so you can be confident you’re getting the best deal possible.
When it comes to securing your loan, Canara Bank has you covered. We offer a range of security options, so you can choose the one that best suits your needs. Whether it’s a fixed deposit, life insurance policy or vehicle insurance, we’ll work with you to make sure your loan is protected.
With Canara Bank, you can rest assured your two-wheeler loan is in good hands.