Used Car Loan Union Bank Of India

Hello sir is three nay one can provide me detail of interest rate on Used Car Loan Union Bank Of India?

[pawan]

The Union Bank Of India is provides 15.25% interest rate for used cars. The Car financing is one of the leading offerings from Union Bank under retail loans. With Union Miles your dream of owning a car is steps away.

Union Bank car loans offer financing towards purchase of both new and used cars(up to 3 years).

For new cars, the current rate of interest is just 10.45% and 15.25% for used cars.

Up to Rs.75 lakhs loan is covered for new cars and Rs.10 lakhs for used cars. With such high financing, you don’t have to limit your desire of owning a luxury car.

Margin for used cars, the margin is lowered to 50% of the vehicle cost.

Decent repayment period
With a repayment period of up to 7 years for new cars and 5 years for used ones,

Union Bank Car Loan Interest Rate
Interest Rates(Fixed) 10.45% for New Cars 15.25% for Used Cars Repayment Tenure(EMI) Up to 84 EMI’s for news cars & 60 EMI’s for used cars Processing Fee is not applicable.

Otherwise 0.50% of the loan amount plus service tax(Max. Rs. 6,000.00) Preclosure Charges Nil if paid off in full.

Eligibility:

At least 18 years in age.
Salaried, self employed individual or Business concern
Sound credit score and no default history
Able to provide guarantor
No Minimum income requirement