| United Bank of India Car Loan |
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| Introduction |
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| The bank offers loans for new as well as used cars. Used cars however cannot be more than 4 years old. The loan can be taken by individuals as well as partnership/proprietorship firms, companies and societies for private use. |
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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 amount is Rs. 30 lacs for individuals and Rs. 40 lacs for Non-Individual
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Maximum loan amount allowed is Rs. 6 lacs for both individuals and non-individual.
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| Tenure |
Min. - 36 months.
Max. - 84 months.
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Min. - 12 months.
Max. - 36 months.
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| Interest Rate |
12.55 % |
13.55 % |
| Preferred Manufacturers |
Bajaj, Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, Hero Honda, HINDUSTAN MOTORS, Honda, Hyundai, Indus, Kinetic, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, Royal Enfield, SAN Engineering, Skoda, Suzuki, Tata Motors, Toyota, TVS, Yamaha |
Bajaj, Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, Hero Honda, HINDUSTAN MOTORS, Honda, Hyundai, Indus, Kinetic, Mahindra, Maruti, 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 |
| Document Retrieval Charges |
1200 Rs |
1200 Rs |
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| Comment on Charges |
Margin: 15%
Processing charges: 0.50%
Minimum Rs.500/- and Maximum Rs.10000/- |
Margin: 30%
Processing charges: 0.50%
Minimum Rs.500/- and Maximum Rs.10000/- |
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Special Offers
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Special Privileges |
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| New Car |
#Concession in Interest rates for existing good borrowers of the Bank
A special incentive in interest rate @ 0.50% concession from our card rate of car loan has been incorporated for the following eligible borrowers:
Existing mortgage based loan borrowers who have completed 2 years of regular repayment.
CC A/c holders having
i. Completed minimum 2 years
ii. Satisfactory conduct of the account
iii. Credit Risk rating of atleast UBICR - 3
Corporate/Institutions/companies/firms if repayment is ensured through a single cheque or direct credit to loan a/c.
#Special concession upto 1.00% in rate of interest from 1st Oct. to 30th Nov. 2010.. |
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| New Car |
#Concession in Interest rates for existing good borrowers of the Bank
A special incentive in interest rate @ 0.50% concession from our card rate of car loan has been incorporated for the following eligible borrowers:
Existing mortgage based loan borrowers who have completed 2 years of regular repayment.
CC A/c holders having
i. Completed minimum 2 years
ii. Satisfactory conduct of the account
iii. Credit Risk rating of atleast UBICR - 3
Corporate/Institutions/companies/firms if repayment is ensured through a single cheque or direct credit to loan a/c.
#Special concession upto 1.00% in rate of interest from 1st Oct. to 30th Nov. 2010.. |
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