UNION Bank New Car Loan

Here are a few factors

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Location 50Km from Branch
CIBIL Score 650+
Loan Amount & Tenure 1 Lac to No Limit  
(12 month to 84 month)
Loan to Value(LTV) Upto 90% of on Road Price
Type of Funded Vehicle New Car
Rate of Interest & Type 8.80% to 10.50%(Fixed)
Processing Fees Nil
TAT Sanction-2 Days 
Disbursement-3 Days
Foreclosure Charges Nil
Applicant Any Salaried or Self Employed Person
Applicant Age 18 to 75 Year 
Applicant Minimum Income 1. Salaried having monthly net Salary>25K
2. Self Employed Person having ITR>3 Lac
Business Vintage for Self Employed Applicant 2 Year
Minimum Job Experience for Salaried Applicant 1 Year
Whether Co-Applicant Mandatory No
Part Payment Allowed Yes
Product 1. Salaried- 48 Time of gross monthly Salary
2. Self Employed-3 time of average annual income of last 2 year
Negative Profile No Negative Profile
USP 1. Funding to NRI as well 2. Funding to Pensioner also

UNION Bank New Car Loan EMI Calculator

Interest Type

Loan Amount

Interest Rate


Loan Tenure

Loan Amount100,000
Interest %8 %
Tenure (months)12
Emi (monthly)8,699
Total Interest4,386
Loan Amount + Interest104,386
YearTotal Principal
( A )
Total Interest
( B )
( A + B)
Total Payment Loan Paid Till Date (%)
24,2581,83926,09775,74224.26 %
Oct8,0326678,69991,9688.03 %
Nov8,0866138,69983,88216.12 %
Dec8,1405598,69975,74224.26 %
75,7442,54778,2910100.00 %
Jan8,1945058,69967,54832.45 %
Feb8,2494508,69959,29940.70 %
Mar8,3043958,69950,99549.00 %
Apr8,3593408,69942,63657.36 %
May8,4152848,69934,22165.78 %
Jun8,4712288,69925,75074.25 %
Jul8,5271728,69917,22382.78 %
Aug8,5841158,6998,63991.36 %
Sep8,641588,6990100.00 %
Right Document : Easy Process

Required Documents to Apply for UNION Bank New Car Loan

Salaried Person

  • KYC of applicant
  • Last 3 Month Salary Slip
  • Last 12 month Bank Statement of applicant
  • Last 3 year ITR with computation of income of applicant or Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant
  • Quotation of Car
  • Latest Utility Bill of co-borrower if Owned premises else rent agreement if rentedSanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented

Self Employed

  • KYC of applicant & Co-Applicant
  • KYC of Co-BorrowerLast 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • Copy of Last 12 month GST return if applicable
  • Quotation of Car
  • Sanction letter of all running loan
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.