Union Bank Car Loan

Union Bank offers quick and simple car loan for together new and second-hand cars.

Eligibility circumstances for Union Bank Car Loan

1. person must be between 18 years to 60 years(at end of loan tenure)
2. Permanent employee of Central/State/Defence/Police Force/Public or combined division responsibility/supposed firm/ established Educational Instituion
3. Professional/Businessmen have usual earnings
4. Borrower has at least minimum services to pay a debt the loan 1 year previous to retirement
5. firm / Companies
   

Details of Bank of Baroda Car Loan. Use our calculator to compare offers from multiple banks

Interest Rate (Daily reducing balance)	Up to 3 years: 11% floating 4 years or 5 years: 11.25% floating 13.25% floating rate for old cars
Processing Fees	Rs. 500 for Loan upto Rs. 2 Lacs. Rs. 1000 for Loan over Rs. 2 Lacs.
Loan Tenure	1 year to 5 years
Pre-closure Charges	Nil if pre-closed by means of own funds.2% of standard months if transferred balance of prior twelve to another organization
Loan Amount	Up to 85% financing for new cars Up to 50% financing for old cars Max loan is lower of 4 times the net annual income and
Guarantor Requirement	Rs 40 lacsAssurance of the wife. In case unmarried, third party guarantee with enough means. Get the lowest car loan interest rate in 2 minutes