| Union Bank of India Car Loan |
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| Introduction |
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| Union Bank of India offers Union Miles scheme for the purchase of new or old (up to 3 years) four-wheeler, and you can also avail this loan to purchase a new two-wheeler. |
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| Highlights |
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New Car |
Used Car |
| Loan Type |
Term Loan |
Term Loan |
| Ex-Showroom/On Road |
On Road |
On Road |
| Loan Amount |
Maximum loan limit for new vehicles is Rs. 75 lakhs for four wheelers and Rs. 1lakhs for 2 wheeler.
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Maximum loan limit for old vehicles is Rs. 10 lakhs.
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| Tenure |
Min. - 12 months.
Max. - 84 months.
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Min. - 12 months.
Max. - 60 months.
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| Interest Rate |
10.7 % |
15.5 % |
| Time to Process Loan |
7 days |
7 days |
| Preferred Manufacturers |
Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota |
Bajaj, Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, Hero Honda, HINDUSTAN MOTORS, Honda, Hyundai, Indus, Kinetic, Mahindra, Maruti Suzuki, Mercedes Benz, Mitsubishi, Nissan, Reva, Royal Enfield, SAN Engineering, Skoda, Suzuki, Tata Motors, Toyota, TVS, Yamaha |
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 Fees & charges
Fees & charges
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New Car |
Used Car |
| Stamp Duty |
As Per Actuals |
As Per Actuals |
| Legal, Repossession and Incidental Charges |
As Per Actuals |
As Per Actuals |
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| Comment on Charges |
Margin- 15%
Processing Fees:0.50% subject to maximum of Rs. 6000 |
Margin- 15%
Processing
50 % of old vehicles cost
Fees:0.50% subject to maximum of Rs. 6000 |
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