Find details of united bank of india car loan through United Bank Of India EMI calculator. Just enter the loan amount of car you want to get financed and rate of interest. United Bank Of India EMI calculator automatically calculates the installment on reducing balance and it does not have any other processing fee.
United Bank Of India avails you with host of services and facilities online with which you can get car loan approval in an easier way. The customers who are dreamt of owning their desired car will turn their dream into reality via the golden opportunity provided by United Bank Of India. The eligibility criteria set by the bank that any individual having minimum gross income of Rs. 1.00 lakh per annum erases the hindrance that only silver-spooned can purchase the latest available cars. The bank even churns out the repaying capacity of an individual who had applied for loan by extending the tenure up to 8 years for new car while it is 5 years for used cars. Vicky. in proves to be the powerful tool through the provision of accurate information on processing fee, documentation charges, EMI amount of such banks
Loan Eligibility Calculator
United Bank of India Car Loan eligibility, Interest Rate, documents and process
ELIGIBILITY
Individuals of the age 18 years and above
Permanent employee of Central/State/Defence/Police Force/Public or Joint Sector Undertaking/reputed firms/ established Educational Inst.
Professional/Businessmen having regular income.
Borower has atleast minimum services to liquidate the loan 1 year prior to retirement.
Firms/Companies.
Min. 40% marks as per investment grade scoring chart.
PURPOSE
For Purchase of new two/four wheelers, for personal or professional use
Second hand vehicles upto 3 years old also eligible.
QUANTUM
3 times the net income /net annual salary subject to a maximum of Rs 10 lacs
MARGIN
20% of cost of vehicle.
50% of old vehicle.
under tie-up - 10%.
REPAYMENT
4 Wheelers - Max. 60 months in Equated Monthly Installments.
Under Tie-up
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4 Wheelers - Max. 84 EMIs (Ford India)
PROCESSING CHARGES (EXCLUDING SERVICE TAX)
Four Wheelers Rs. 500 Loan upto Rs. 2 Lacs.
Four Wheelers Rs. 1000 Loan over Rs. 2 Lacs.
SECURITY
Hypothecation of vehicle financed by the Bank.
Bank's lien to be got noted with the Transport Authorities.
GUARANTEE
Guarantee of the spouse. In case unmarried, 3rd party guarantee with sufficient means.
OTHER CONDITIONS
No Pre-Payment penalty for self-closure. However, 2% charged on an average o/s. balance of last 12 months if loan is closed on take over by other Bank/FIs
Comprehensive Insurance with Bank Clause.
Salary Certificate/proof of income and proof of residence to be obtained and held on record.
