Union Bank Car Loan Interest Rates, EMI, Eligibility
Are you looking for Union Bank Car loan interest rates? Find details on EMI ✓ Eligible Loan amount within seconds ✓ Processing Fees ✓ Interest Rates ✓ Documents ✓ Status ✓ Application Form ✓ Fees & charges ✓ Customer care Number online ✓ Best Offers ✓ Apply Online Now at emicalculator-india.com
Union bank is an nationalized bank with good reputation all over the India. You can avail vehicle loan to purchase of new or old (up to 3 years) four-wheeler.
Union Bank Car Loan Quick Apply
Point to point detail about Union bank Car loan
| Interest Rates | 8.60% – 8.70% |
| Rates For Pre-used Car | 11.60% – 11.70% |
| Processing Fees | N.A |
| Minimum Income | Rs 12000 |
| Minimum Age | 21 Years |
| Maximum Loan Amount | 1.25 Crore |
| Minimum Loan Amount | 1 Lakh |
| Repayment | 7 Years for 4 Wheeler, 3 Years for 2 Wheeler |
| Pre Payment charges | 2.00% of outstanding amount |
Union Bank Car Loan EMI Calculator
borrowers can use this calculator for calculation of loan emi’s online within seconds. Just insert required loan amount, Interest rate & no. of period for repayment.
For Example, A person who took 6 lakh for 5 years at 8.70% rate of interest, have to pay around Rs 12,339 per month emi for next 60 months. In this period the total amount which will be returned to bank is Rs 7,40,331. It mean’s he have to pay Rs 1,40,331 as interest to bank.
What are the stages involved in taking a car loan from Union Bank?
There are three main stages –
Application – Whereby you submit a completely filled in application with all necessary documents
Sanction – Whereby you get an approval for a specific loan amount based on the value of your property and repayment capabilities
Disbursement – Whereby the loan amount is disbursed.
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