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Canara Vehicle to Agriculturists

Four-wheeler finance for agriculturists, including new and pre-owned vehicles, with agricultural-income assessment, up to 84-month repayment and ₹50 lakh used-vehicle cap.

Interest rateThe official Canara vehicle rate-range table shows 7.45%–15.00% p.a. contracted range (mean 9.09%) for Canara Vehicle; the agriculturist variant follows the vehicle scheme and customer CRG.Maximum amountNo upper limit, but total quantum cannot exceed one year's annual borrower income. For a used vehicle not over three years old, the amount is the least of 60% appraised value, 60% agreed price, 60% original price or ₹50 lakh, with minimum 50% margin.TenureNew vehicles: maximum 84 months. Used vehicles: maximum 60 months or remaining useful life, whichever is lower. Monthly, quarterly, half-yearly or yearly repayment may follow income/crop cycle.
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Quick eligibility check

Canara Vehicle to Agriculturists

0 of 4 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: Net take-home after must be 40% of gross annual income and at least ₹1.50 lakh a year?

Published source: Minimum income

2Does your annual income meet this requirement: Dairy, poultry, plantation and horticulture applicants need minimum gross annual income of ₹4 lakh where the landholding test does not apply?

Published source: Minimum income

3Do you meet this requirement: Agriculturists generally need more than 5 acres irrigated or 10 acres dry land and two years' satisfactory Canara dealings?

4Does your annual income meet this requirement: Dairy, poultry, plantation and horticulture applicants instead need minimum gross annual income of ₹4 lakh?

0 of 4 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byCanara Bank

India; Canara agricultural borrowers

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 agriculturists buying new or pre-owned LMV four-wheelers, including second and subsequent vehicles.View source
Canara lists new/pre-owned four-wheelers and second vehicles for agriculturists.
Source
Canara Vehicle to Agriculturists
Page / section
Purpose; Benefits
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest rateThe official Canara vehicle rate-range table shows 7.45%–15.00% p.a. contracted range (mean 9.09%) for Canara Vehicle; the agriculturist variant follows the vehicle scheme and customer CRG.View source
Canara publishes the Canara Vehicle range; the agriculturist page says the same vehicle-finance structure applies.
Source
Interest Rate Range on Loans
Page / section
Canara Vehicle
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
BenchmarkVehicle scheme benchmark is not separately stated on the agriculturist page; the applicable Canara retail vehicle rate table governs pricing.View source
The product page has no named benchmark or spread.
Source
Canara Vehicle to Agriculturists
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
APRNot published as a separate APR.View source
No is displayed.
Source
Canara Vehicle to Agriculturists
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNet take-home after EMI must be 40% of gross annual income and at least ₹1.50 lakh a year. Dairy, poultry, plantation and horticulture applicants need minimum gross annual income of ₹4 lakh where the landholding test does not apply.View source
Canara publishes NTH and the special farm-activity income test.
Source
Canara Vehicle to Agriculturists
Page / section
Income proof & NTH; Eligibility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum amountNo upper limit, but total quantum cannot exceed one year's annual borrower income. For a used vehicle not over three years old, the amount is the least of 60% appraised value, 60% agreed price, 60% original price or ₹50 lakh, with minimum 50% margin.View source
The quantum section gives the annual-income cap and four-way used-vehicle lower-of test.
Source
Canara Vehicle to Agriculturists
Page / section
Quantum
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenureNew vehicles: maximum 84 months. Used vehicles: maximum 60 months or remaining useful life, whichever is lower. Monthly, quarterly, half-yearly or yearly repayment may follow income/crop cycle.View source
Canara publishes new/used tenure and crop-cycle repayment frequencies.
Source
Canara Vehicle to Agriculturists
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 Vehicle to Agriculturists
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.
Source
Canara Vehicle to Agriculturists
Page / section
Benefits
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • New and pre-owned LMV four-wheelers
  • No upper limit subject to one year's annual income
  • Up to 90% new-vehicle financing
  • Used vehicle up to ₹50 lakh subject to 60% valuation/price/original-cost cap
  • Repayment frequency can follow crop cycle
  • No prepayment penalty

Eligibility

  • Agriculturists generally need more than 5 acres irrigated or 10 acres dry land and two years' satisfactory Canara dealings. Dairy, poultry, plantation and horticulture applicants instead need minimum gross annual income of ₹4 lakh.

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

Documents the bank lists

  • Application, photographs, and residence proof
  • or competent-authority agricultural income certificate
  • Authorised-dealer quotation and automobile-engineer valuation for used vehicles
  • Land records and evidence of non-agricultural income where relied upon

Related official documents

Canara retail loan interest-rate rangesofficial-rate-table · current · accessed 30 Aug 2026
↗
Canara Vehicle to Agriculturistsofficial-product-page · current · accessed 30 Aug 2026
↗

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Loan repayment estimate

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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

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Housing cum Solar · Purpose / eligibilityHousing borrower with rooftop rights and regular electricity bill

This value is copied from Canara solar, agriculturist vehicle and Masters-loan 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 · 3 rows · 4 columnsCanara solar, agriculturist vehicle and Masters-loan termsPublished limits, rates, eligibility, fees, security, subsidy and repayment terms from Canara's official pages.View tableHide table

Scroll sideways to view every column

Canara solar, agriculturist vehicle and Masters-loan terms
ProductPurpose / eligibilityAmount / rateTenure / charges
Housing cum SolarHousing borrower with rooftop rights and regular electricity billSolar up to ₹10 lakh incl. subsidy; housing rate range 7.15%–10.00%Up to 20 years; 0.50%, ₹1,500–₹10,000 + ; subsidy up to ₹78,000
Vehicle to AgriculturistsQualifying agriculturist land/income; special farm activities ₹4 lakh incomeNo upper limit up to one year's income; used lower-of 60% tests or ₹50 lakh; vehicle range 7.45%–15.00%84 months new / 60 months used; 0.25%, ₹1,000–₹5,000 +
Masters Degree LoanIndian national with select-university admission and SAT/ACT/GRE/GMAT scoreAbove ₹7.50 lakh; no cap at 100%+ collateral, otherwise ₹1 croreUp to 15 years after moratorium; 0.50% max ₹10,000/₹20,000; 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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