Can a Bank Change the Terms of a Car Loan
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"Good and easy way for the car loan"
My car loan with Canara bank experience is satisfactory, the field executive came to my place and done the process. Still my loan is active condition, every month the money goes through auto debit facility without any hassles and their bank staff are very helpful on my queries.
Was this review helpful? 32
, hyderabad
Reviewed on Sep 19, 2019 -
"Recommendable Bank" I am an employee of Canara Bank, I got the car loan easily. I just submitted the quotation and pay slip for the loan process, I availed the loan amount of Rs. 3.6 lakhs with the duration of 10 years this loan period is eligible only for the employees.
Was this review helpful? 21
ARUN , panipat
Reviewed on Sep 13, 2019 -
"Good Service" I have applied for Car loan through Canara Bank directly .The rate of interest was less and the processing fee was nominal.I have applied for the loan amount of 5lakhs for the tenure of 2years .The loan amount got on time and it was sufficient .The premium is deducted through EMI .
Was this review helpful? 24
SATHYA KANNIAH , chennai
Reviewed on Apr 13, 2019 -
"Very Delayed process" I was requested for 7 lakh amount for my car loan in Canara bank . They almost taken one month for sanctioning a loan . It was a very tortoise process . At last I purchased a Tata volt car with this loan . Interest rate is very nominal like other banks .
Was this review helpful? 18
PRABHAVATHI PARAMESHWARAPPA , bangalore
Reviewed on Apr 12, 2019 -
"Good service" I have taken a car loan with CANARA BANK . The tenuity period is sufficient , my application was taken care by CANARA and they processed it keeping my documents . Rate of interest if i see its reasonable compare to market value. I am happy with Overall services..
Was this review helpful? 15
ASHISH KUMAR SAXENA , hyderabad
Reviewed on Mar 11, 2019 -
"Good service" I took a car loan with Canara bank few years back and it was a good experience, the loan amount was sufficient and the rate of interest was nominal when compared to others. Customer service was good and they responded on time. Tenure period for this loan is for 3 years.
Was this review helpful? 14
BAGRE MADHUSUDHAN , bangalore
Reviewed on Feb 18, 2019 -
"Excellent service" I have been holding my car loan with canara bank from past one year, the loan amount they have given me was sufficient, the rate of interest they have charged me was nominal, and they have charged me processing fee that too was nominal, the loan process was smooth, there was no hidden charges, overall service is good.
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SHARIK VASUDEV , new delhi
Reviewed on Dec 27, 2018 -
"Excellent" My home loan was taken with CANARA BANK 20 years back. The loan amount was 10 lakhs and the interest rate was satisfactory . The tenure period was 15 years . The customer service and responses was very good. The documentation was very smooth,
Was this review helpful? 14
GOWRIBIDANUR SREEDHARA , bangalore
Reviewed on Aug 14, 2018 -
"Very Good Service" The process in getting the loan had been very good and the tenure of the loan is four years. The loan amount which they had given is satisfactory and the interest rate with them also had been good as well. There has not been any issues faced with the banking services which they had been providing.
Was this review helpful? 6
SATISH KUMAR , gurgaon
Reviewed on Jun 25, 2018 -
"Satisfactory" My car loan was taken with CANARA BANK 6 years back. The loan amount was 7 lakhs and the interest rate was satisfactory . The tenure period was 7 years but i have pre closed to with in 3 years . There is no charge for pre closure here and the loan process was also very easy . They haves sanctioned the loan within the committed time.
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MADHUSUDHAN B K , bangalore
Reviewed on Jun 12, 2018 -
"Very good" My car loan was taken with CANARA BANK 3 years back. The loan amount was 7 lakhs an the interest rate was satisfactory The tenure period was 5 years . They have sanctioned the loan with the committed time and there is no processing fee .My overall experience was really good.
Was this review helpful? 6
DATTATRAY JADHAV , mumbai
Reviewed on May 03, 2018 -
"Good service" I have taken a car loan with Canara bank.The loan amount is four lakhs.The rate of interest is nominal as compared to others.The tenure is for four years.I pay an EMI amount of 7900 through an ECS payments.The loan was quickly processed within the TAT.
Was this review helpful? 7
NAGARAJU B B B , bangalore
Reviewed on Jan 19, 2018 -
"Good" I have my car loan with CANARA BANK for about 8 years. The loan amount was 3.5 lakhs and the Interest rate was satisfactory . The tenure period was 7 years. The loan process was very good and they have sanctioned the loan with the committed time. The loan process was very good and I would like to recommend this bank to others.
Was this review helpful? 8
FRANCIS Z , hyderabad
Reviewed on Jan 17, 2018 -
"Better service" Canara bank has approved my car loan around 9 years ago. The customer support is good with the Canara bank, they have offered me the car loan within 15days of time. I have got the car which I choose . The rate of interest and the charges are nominal with the Canara bank car loan services. The customer support gave me good response in regards to my car loan application.
Was this review helpful? 9
H LALITHAMMA , bangalore
Reviewed on Dec 18, 2017 -
"Excellent Services" For car loan, Canara Bank gave me simple interest around 9.6% for the amount of Rs. 4 lakhs and purchased Maruthi swift diesel car. They gave me 100% on road price for the tenure of seven years but I closed my loan on second years without any foreclosure charges.
Was this review helpful? 10
UMESH LATHA , bangalore
Reviewed on Dec 09, 2017 -
"Very quick approval" The loan process was good with Canara Bank. My car loan was taken before 3 years. They offered 3L with interest rate of 11%. I pay premium nearly 6500 rupees through ECS. The documentation process is good and provided a doorstep service. The total duration is 3 years, its almost completed.
Was this review helpful? 5
THAKKAR BHAVDIP , vadodara
Reviewed on Nov 22, 2017 -
"Good service" Within 5days of time the canara bank has disbursed my car loan. The customer support was good with Canara bank. They have offered more than the requirement loan amount. The rate of interest and the charges are high with canara bank when compared with ICICI bank.
Was this review helpful? 8
ANANDA A , bangalore
Reviewed on Nov 16, 2017 -
"Faster Approval" My car loan was taken with Canara Bank. I have chosen this bank because of the good interest rate and minimal documentation procedure. The response is good. They have disbursed the loan within 30minutes. It was an excellent service to me.
Was this review helpful? 8
DINESH KUMAR , jaipur
Reviewed on Nov 08, 2017 -
"Excellent service" I would say the Canara bank car loan service is excellent . The customer support is good with CANARA bank. The charges are very less with CANARA BANK CAR LOAN Service . The rate of interest is 9.9% which is very low when compared with others banks. The customer support is good with Canara bank.
Was this review helpful? 6
SHIVANAND SHIVAPUTRA HARANAL , bangalore
Reviewed on Oct 16, 2017 -
"Excellent Service" I used a CANARA BANK car loan before applying this car loan. I have closed that car loan in CANARA BANK after sometime. Customer support is good. I started this car loan from CANARA BANK for 7.75% as floating rate of interest. I negotiated it and they provided it to 7.75% from 8%.
Was this review helpful? 14
VALL GAFFAR , bangalore
Reviewed on Sep 30, 2017
Can a Bank Change the Terms of a Car Loan
Source: https://www.bankbazaar.com/canara-bank-car-loan.html
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