United Bank Car Loan Rate, Eligibility Calculator, Apply Online

United Bank of India Car Loan Offer Feb 2017

Last Updated 23rd Feb 2017
Features and Eligibility United Bank of India New Car Loan Scheme United Bank of India Used Car Loan Scheme
Interest Rates 9.95% Floating Check Special Offer Not Available
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. 1,658 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
Apply Car Loan Online @9.25%*
 Salaried   Self Employed - Professional   Self Employed - Business 

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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)
--Salaried 2.4 0.0
--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.

  • New Car Loan Schemes of All Banks

  • Used Car Loan Schemes of All Banks

Frequently Asked Questions on United Bank Car Loan

How much interest is charged by United Bank on car loan?

United Bank offers an interest of 9.95% to 10.45% on car loan.

What is the lowest EMI per lakh on United Bank car loan?

If you apply for a car loan from United Bank, your lowest EMI per lakh will be Rs. 1,658.

What is the maximum tenure of United Bank car loan?

You can repay your car loan from United Bank in a flexible period of maximum 7 years.

How much car loan I can borrow from United Bank?

United Bank offers you 85.00% of of on-road price of car as loan.

How much processing fee is charged by United Bank on car loan?

United Bank charge a processing fee of 0.50% with applicable service tax.

Is age an eligibility factor to get car loan from United Bank?

Yes, age is an important eligibility factor to get United Bank 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 car loan?

You can take car loan from United Bank with Nil prepayment charges.

Can I add my spouse's income while applying for car loan from United Bank?

You can combine your income with the income of your spouse to increase your loan eligibility and to get higher loan amount.
United Bank Car Loan Calculator News - Feb 2017
06th Jan 17 United Bank of India cuts lending rate by up to 90 basis points
United Bank of India has reduced its overnight and six months marginal cost of lending rates to 8.30 and 8.65 percent respectively. The revised one year MCLR is now 8.80 percent as compared to 9.40 percent earlier. The rates are effective from 6th January, 2017.
09th Aug 16 United Bank of India Q1 net down 27 per cent, bad loans rise
United Bank of India reported nearly 27 per cent fall in its net profit to Rs. 38.32 crore for the quarter ended June 30 due to rise in bad loans. The total income of the bank fell by 2.67 per cent to Rs. 2819.37 crore in the June quarter of FY17 from Rs. 2896.75 crore in the June quarter of previous year. Gross NPAs as a percentage of total loans increased to 14.29 per cent in the first quarter of current financial year. Similarly, the net NPA ratio increased to 9.85 per cent, up from 6.30 per cent during same period of previous fiscal.
20th Jul 16 Govt to infuse up to Rs 810 Cr capital in United Bank of India
United Bank of India said that the government has decided to infuse up to Rs 810 crore capital into the bank in the current fiscal year. Government has decided to allocate 75 per cent of the capital to the bank immediately and remaining 25 per cent will be infused depending upon the performance of the bank by the end of 2016. Government has already announced its plan to infuse Rs. 22915 crore in 13 public sector banks like SBI, PNB, Bank of India and Central Bank of India.
15th Jan 16 United Bank of India to cut bulk deposit rates by up to 1.5%
UBI has reduced interest rates by 25 bps -50 bps for deposits up to Rs 1 Cr and by 25 bps to 150 bps for deposits above Rs 1 crore
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