#1
June 4th, 2016, 10:21 AM
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Union Bank Of India Bike Loan
Hello sir, I am Honey Singh. I am from Noida. I want you to help me by giving me some information about the Union Bank of India bike loan or loan for two wheeler. Can you give me some details about it?
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#2
June 4th, 2016, 12:38 PM
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Re: Union Bank Of India Bike Loan
As you have asked about the Union Bank of India bike loan or loan for two wheeler, I am giving you information about it, check below for the details Now you can fulfil your dreams of owing a vehicle by availing Union Miles. ELIGIBILITY A person has to meet the following criteria to avail the loan: Resident Indian citizen and Non-Resident Indians (NRIs) Minimum age - 18 years and maximum age - 70 years Individual, either singly or jointly with other family members viz. father, mother, son, spouse or daughter as co-applicants Companies / Firms for purchase of vehicle for usage by their Directors / employees QUANTUM OF LOAN Maximum quantum of loan New 4-wheeler Rs. 125 Lakh Old 4-wheelers (not older than 3 years) Rs. 20 Lakh New 2-wheeler Rs. 10 Lakh MARGIN, I.E. YOUR SHARE 15 % of on-road price (Vehicle Cost + Registration Charges + Insurance + Road Tax) 40 % of old vehicle's valuation cost REPAYMENT Repayment period Maximum repayment tenure New 4-wheeler 7 years Old 4-wheelers (not older than 3 years) 5 years New 2-wheeler 3 years |
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