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Canara Green Wheels

Electric-vehicle finance for new four-wheelers, with no published upper ceiling, up to 90% financing and repayment up to 84 .

Interest rateCRG-Prime effective rate shown in Canara's official fixed-rate retail table: 8.60% p.a.; the applicable customer rate can vary by risk grade and prevailing table.Maximum amountNo upper limit is published for a new electric vehicle; financing is up to 90% of new-vehicle cost, subject to eligibility and repayment capacity.TenureUp to 84 EMIs.
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Quick eligibility check

Canara Green Wheels

0 of 6 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: Salaried: minimum gross salary ₹3 lakh a year?

Published source: Minimum income

2Does your annual income meet this requirement: Other-than-salaried: latest gross annual income ₹3 lakh and three-year gross-average annual income at least ₹2.50 lakh?

Published source: Minimum income

3Does your annual income meet this requirement: Agriculturist applicant/co-applicant combined income: at least ₹4 lakh a year?

Published source: Minimum income

4Does your annual income meet this requirement: Salaried individuals need minimum gross salary of ₹3 lakh a year?

5Does your annual income meet this requirement: Other-than-salaried individuals need ₹3 lakh latest gross annual income and three-year gross-average annual income of at least ₹2.50 lakh?

6Does your annual income meet this requirement: Agriculturist applicant/co-applicant income together must be at least ₹4 lakh a year?

0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byCanara Bank

India; Canara branches and digital channels

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeVehicle loan for a new electric four-wheeler; companies and firms may finance vehicles used by directors or employees.View source
Canara lists new electric four-wheelers and professional/corporate use.
Source
Canara Green Wheels
Page / section
Purpose; Benefits
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest rateCRG-Prime effective rate shown in Canara's official fixed-rate retail table: 8.60% p.a.; the applicable customer rate can vary by risk grade and prevailing table.View source
The official table shows CRG-Prime 8.00%, credit-risk premium 0.75%, concession -0.15% and effective rate 8.60%.
Source
Retail lending schemes linked to fixed rate
Page / section
Canara Green Vehicle (4 Wheeler Electric Vehicle including Agriculturist)
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
BenchmarkRepo Linked Lending Rate (RLLR), shown at 8.00% in the reviewed Canara rate table; spread and concessions depend on CRG grade.View source
Canara's table identifies and the CRG-Prime spread/concession.
Source
Retail lending schemes linked to fixed rate
Page / section
and Canara Green Vehicle table
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
APRNot published as a separate APR on the reviewed product page or rate table.View source
The official product and rate pages publish interest components but no separate .
Source
Canara Green Wheels
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeSalaried: minimum gross salary ₹3 lakh a year. Other-than-salaried: latest gross annual income ₹3 lakh and three-year gross-average annual income at least ₹2.50 lakh. Agriculturist applicant/co-applicant combined income: at least ₹4 lakh a year.View source
Canara publishes separate salaried, non-salaried and agriculturist income thresholds.
Source
Canara Green Wheels
Page / section
Eligibility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum amountNo upper limit is published for a new electric vehicle; financing is up to 90% of new-vehicle cost, subject to eligibility and repayment capacity.View source
The quantum row says no upper limit and the benefits state up to 90% financing.
Source
Canara Green Wheels
Page / section
Quantum
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenureUp to 84 EMIs.View source
Canara publishes maximum repayment of 84 .
Source
Canara Green Wheels
Page / section
Repayment tenure
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing fee0.25% of loan amount, minimum ₹1,000 plus GST and maximum ₹5,000 plus GST. A 50% waiver is published for 1 July 2026 to 30 September 2026.View source
The official page publishes the fee band and dated waiver.
Source
Canara Green Wheels
Page / section
Processing charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo prepayment penalty.View source
Canara lists no pre-payment penalty as a benefit.
Source
Canara Green Wheels
Page / section
Benefits
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • New electric four-wheeler finance
  • No upper limit subject to repayment capacity
  • Up to 90% financing for a new vehicle
  • Repayment up to 84
  • No prepayment penalty
  • 50% processing-charge waiver from 1 July 2026 to 30 September 2026

Eligibility

  • Salaried individuals need minimum gross salary of ₹3 lakh a year. Other-than-salaried individuals need ₹3 lakh latest gross annual income and three-year gross-average annual income of at least ₹2.50 lakh. Agriculturist applicant/co-applicant income together must be at least ₹4 lakh a year.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Application, photographs, and residence proof
  • Salaried: six months salary slips, Form 16/ and employment proof
  • Self-employed: three years and balance sheet/P&L where applicable
  • Authorised-dealer quotation and automobile-engineer valuation where applicable

Related official documents

Canara Green Wheelsofficial-product-page · current · accessed 30 Aug 2026
↗
Canara retail lending and loan interest ratesofficial-rate-table · current · accessed 30 Aug 2026
↗

Plan before applying

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Green Wheels · Purpose / eligibilityNew electric four-wheeler; salary ₹3 lakh p.a. or non-salaried ₹3 lakh latest income plus ₹2.50 lakh three-year average

This value is copied from Canara Green Wheels, Swarna, Kuteer and Vidya Turant terms. Check the table notes before relying on it.

Source: Canara loan product pages and retail rate tables · Quantum; Interest; Eligibility; Repayment; Processing; Security Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 4 rows · 4 columnsCanara Green Wheels, Swarna, Kuteer and Vidya Turant termsPublished limits, rates, eligibility, security, fees and repayment terms from Canara's official pages and rate tables.View tableHide table

Scroll sideways to view every column

Canara Green Wheels, Swarna, Kuteer and Vidya Turant terms
ProductPurpose / eligibilityAmount / rateTenure / charges
Green WheelsNew electric four-wheeler; salary ₹3 lakh p.a. or non-salaried ₹3 lakh latest income plus ₹2.50 lakh three-year averageNo upper limit; up to 90% finance; CRG-Prime effective 8.60% p.a. in reviewed tableUp to 84 ; 0.25%, ₹1,000–₹5,000 + ; no prepayment penalty
Swarna LoanResident individual or ; pledge jewellery or gold coins up to 50g₹5,000–₹50 lakh; + 0.95% w.e.f. 12 March 202612-month bullet; 0.30%, ₹250–₹3,000; no prepayment penalty
Canara KuteerHousehold income up to ₹1 lakh or ₹1–3 lakh p.a.; low-income housing₹5 lakh or ₹10 lakh by bandUp to 30 years/age 75; 0.50%, ₹1,500–₹10,000 +
Vidya TurantIndian student admitted to mapped premier institutionCategory A/B/C up to ₹50/40/30 lakh; starting 6.85% p.a.Up to 15 years after moratorium; nil bank processing fee; no prepayment penalty
Canara loan product pages and retail rate tables · Quantum; Interest; Eligibility; Repayment; Processing; Security · accessed 30 Aug 2026Open official source ↗

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