United Bank Car Loan Rate, Eligibility Calculator, Apply Online
United Bank of India Car Loan Offer Aug 2017
|Features and Eligibility||United Bank of India New Car Loan Scheme||United Bank of India Used Car Loan Scheme|
|Interest Rates||9.35% Floating
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|Maximum Loan Amount Eligibility||85.00% of on-road price||Not Available|
|Maximum Loan Tenure (years)||7 years||Not Available|
|Lowest EMI per Rs. One Lakh Loan Amount (Rs.)||Rs. 1,627||Rs. 0|
|Processing Fee||0.50% Min Rs. 500 Max Rs. 10000||Max Rs.|
|Prepayment Charges||Nil||Not Available|
|Interest Calculation||Monthly reducing balance||Not Available|
|Age (years)||Between 21 years and 65 years|
Eligibility Condition for United Bank of India Car Loan
|United Bank of India New Car Loan Scheme||United Bank of India Used Car Loan Scheme|
|Minimum Net Annual Income (Rs. lakh)|
|Self employed professionals||2.4||0.0|
|Self employed businessmen||2.4||0.0|
- Car loan EMI calculation varies from bank to bank depending upon the method of calculation.
- The standard convention should be to use the EMI in arrears method on reducing balance basis – whereby you pay interest on the car loan amount outstanding on a reducing basis at or after the end of the month.
- Simply key in the loan amount, rate of interest and car loan tenure here and check the EMI amount using the
car loan EMI calculator here. In case the EMI amount displayed is different from the one advised to you by the agent, you must check the calculation basis with your car loan agent.
Frequently Asked Questions on United Bank Car Loan
United Bank car loan interest rates today are 9.35% to 10.45%.What is the lowest EMI per lakh on United Bank of India car loan?
If you apply for a car loan from United Bank of India, your lowest EMI per lakh will be Rs. 1,627.What is the maximum tenure of United Bank of India car loan?
You can repay your car loan from United Bank of India in a flexible period of 7 years.How much car loan I can borrow from United Bank of India?
United Bank of India offers you 85.00% of on-road price of car as loan.How much processing fee is charged by United Bank of India on car loan?
United Bank of India charges a processing fee of of 0.50% of loan amount Min. Rs. 500 and Max. Rs.10,000 with applicable service tax.Is age an eligibility factor to get car loan from United Bank of India?
Yes, age is an important eligibility factor to get United Bank of India car loan as you should be at least 21 years old at loan approval time and 65 years old at loan maturity time.Are there any prepayment charges on United Bank of India car loan?
You can take car loan from United Bank of India with Nil prepayment charges.Can I add my spouse's income while applying for car loan from United Bank of India?
You can combine your income with the income of your spouse to increase your loan eligibility and to get higher loan amount.