#1
June 9th, 2015, 10:29 AM
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Union Bank of India Two Wheeler Loan
I want to get the Two Wheeler Loan from the Union Bank of India so please tell me about the interest rates on the Two Wheeler Loan? What is the eligibility required to get this loan from the Union Bank of India? Tell me the process to apply for this loan? Union Bank of India provide Union Miles loan to customers for purchase of new or old (up to 3 years) four-wheeler or a new two-wheeler. Union Miles Loan ou can avail this special scheme to purchase of new or old (up to 3 years) four-wheeler, and you can also avail this loan to purchase a new two-wheeler. Eligibility Resident Indian citizen and Non-Resident Indians (NRIs) holding valid license 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- 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 Prepayment Penalty- There is NO prepayment penalty if the loan is adjusted by the borrower from his own verifiable legitimate sources A penalty of 2% on the average balance of the preceding 12 months, if the loan is taken over by any other Bank /FI or adjusted by the borrower in lumpsum from any third source/party (except genuine sale). Contact- All-India Toll Free number : 1800 22 22 44 / 1800 208 2244 Charged Numbers : 080-25300175 Dedicated number for NRI : +918025302510 Last edited by Neelurk; June 29th, 2020 at 04:13 PM. |
#2
February 21st, 2017, 08:47 AM
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Re: Union Bank of India Two Wheeler Loan
I want to take loan from Union Bank of India to purchase new Two Wheeler so can you please provide me the details of loan?
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