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