Check your Canara Bank bike loan eligibility. Rate: 11.90 - 14.00% p.a. Max amount: ₹3 L.
Canara Bank offers bike loan at an interest rate of 11.90 - 14.00% p.a. with a maximum tenure of 5 years. The maximum loan amount is ₹3 L with a minimum monthly income requirement of ₹15,000.
| Loan Amount | Monthly EMI | Total Interest | Min Income Required |
|---|---|---|---|
| ₹50K | ₹1,658 | ₹9,688 | ₹2,909/mo |
| ₹75K | ₹2,487 | ₹14,532 | ₹4,364/mo |
| ₹1 Lakh | ₹3,317 | ₹19,412 | ₹5,820/mo |
| ₹1.5 Lakh | ₹4,975 | ₹29,100 | ₹8,729/mo |
| ₹2 Lakh | ₹6,633 | ₹38,788 | ₹11,637/mo |
| ₹2.5 Lakh | ₹8,292 | ₹48,512 | ₹14,548/mo |
| ₹3 Lakh | ₹9,950 | ₹58,200 | ₹17,457/mo |
Canara Bank Bike Loan interest rate ranges from 11.90 - 14.00% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
Canara Bank offers a maximum bike loan of ₹3 L with a tenure of up to 5 years.
The processing fee for Canara Bank Bike Loan is 0.50% + GST.
Canara Bank Bike Loan prepayment policy: Nil after 6 months.
The minimum monthly income required is ₹15,000. Use the calculator above to check your exact eligibility based on your income.