Union Bank of India Car Loan Interest Rates
Union Bank of India Car Loan Interest Rates
| New Car Interest Rates - FIXED | 10.10% |
| Loan Processing Charges | 0.50% of the loan amount or a Maximum of Rs 6000 inclusive of service tax. |
| Loan Tenure | Maximum Tenure - 84 Months |
| Quantum of Loan | Up to Rs 75 lakhs |
| Foreclosure Charges | NIL - If loan is closed from own sources. 2% of the balance for the past 12 month, if funds are got from another bank or third party. |
| Security | Hypothecation of the vehicle. Bank’s lien to be noted in the RTO. |
| Loan Margin | 15 % of on-road price |
| Guarantee | Guarantee from spouse is required. If unmarried, then third party guarantees is required |
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