Canara Bank Two wheeler Loan Interest Rate
Current Canara Bank Bike Loan Interest Rate 2022
| Interest Rates | 9.05% |
| Maximum Loan Amount Eligibility | 0% of On Road Price |
| Maximum Loan Tenure | 3 years |
| Lowest EMI per ₹ Ten Thousand Loan Amount | ₹ 318 |
| Processing Fee | 0.25 % of the loan amount with Minimum ₹ 1,000 and Maximum ₹ 5,000 |
| Prepayment Charges | Nil charges |
| Interest Calculation | EMI on a monthly reducing balance |
| Age | Between 21 years and 65 years |
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Canara Bank Bike Loan Interest Rates
Canara Bank bike loan Interest rate calculator works on various inputs like:
Canara Bank Two wheeler Loan Eligibility
Eligibility of 2 wheeler loan in Canara Bank relies upon different factors but the most important factor is your ability to repay the loan. Two wheeler loan calculator calculates eligibility of an applicant depending upon various factors like
Canara Bank Two wheeler Loan EMI
Two wheeler Loan EMI of Canara Bank is a fixed amount that you pay each month towards the repayment of your bike loan till the end of tenure. Lowest EMI offered by Canara Bank is ₹ 318 per ten thousand loan amount at lowest two wheeler loan interest rate of 9.05%. Canara Bank bike loan EMI calculator depends on factors like:
Canara Bank 2 Wheeler Loan Apply
Canara Bank gives the facility of bike loan to the people who want to fulfil their dream of having their own 2 wheeler. There are some features and benefits of taking auto loan from Canara Bank:
Documents Required for Canara Bank 2 wheeler Loan
Two wheeler loan Canara Bank documents for salaried employees
Two wheeler loan Canara Bank documents for Self-Employed
Compare Bike Loan Interest Rates of Canara Bank with other banks
FAQs
✅How much interest is charged by Canara Bank on two wheeler loan?
Canara Bank bike loan interest rates today are 9.05% to 13.90%.
✅What is the lowest EMI for ten thousand amount on Canara Bank two wheeler loan?
If you apply for a 2 wheeler loan from Canara Bank, your lowest EMI for ten thousand amount will be ₹ 318.
✅What is the maximum tenure of Canara Bank bike loan?
You can repay your bike loan from Canara Bank in a flexible period of maximum 3 years.
✅How much auto loan I can borrow from Canara Bank?
Canara Bank offers you 0% of On Road Price of two wheeler as loan.
✅How much processing fee is charged by Canara Bank on bike loan?
Canara Bank charge a processing fee of 0.25 % of the loan amount with Minimum ₹ 1,000 and Maximum ₹ 5,000 with applicable service tax.
✅Is age an eligibility factor to get two wheeler loan from Canara Bank?
Yes, age is an important eligibility factor to get Canara Bank two wheeler loan as you should be at least 21 years old at loan approval time and 65 years old at loan maturity time.
✅Are there any prepayment charges on Canara Bank two wheeler loan?
You can foreclose your two wheeler loan from Canara Bank with Nil charges.
- 2022-01-27 : Canara Bank Reports 116 per cent Jump in Q3 FY22 Net Profit.
Canara Bank has reported a 116 per cent year-on-year (YoY) jump in standalone net profit at ₹1,502 crores for the third quarter. The profit stood on the back of healthy growth in net interest income and a decline in total provisions. - 2022-01-06 : Canara Bank Q3 Net Profit Rises by 139.5%
Canara Bank has reported a net profit of 139.5% to register a year-on-year profit of Rs. 1,667.3 cr in Q3. - 2021-11-29 : Canara Bank Revises Two Wheeler Rates
Canara Bank has revised two-wheeler rates by 5 basis points. As a result, the lowest two-wheeler rates now start at 9.05 per cent. - 2021-07-15 : Syndicate Bank merged with Canara Bank - IFSC and SWIFT code changed
After the merger of Syndicate and Canara Bank, the IFSC codes for erstwhile Syndicate Bank customers will be changed from July 1 this year. Existing Syndicate Bank customers will have to use their new IFSC codes for online transactions through NEFT, RTGS or IMPS routes. - 2021-02-26 : Canara Bank organized Mega Retail Expo in Mumbai
Canara bank organized a mega retail expo camp at Gala Auditorium, Patuck Campus in Santacruz (East). The retailers present at the expo displayed salient features of their products which include home, personal, LAP, two-wheeler car and gold loan along with business and mudra loan. A total loan amount of Rs. 224.30 Crores were sanctioned through the expo.
