Hwy buddy the Union Bank of India is one of the largest government-owned banks of India.

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

Amount 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


For more details you can go to you your nearest branch, follow the below process

Go to the official site of the union bank of india

There is option of the show

Click on that option

In that click on the branch locator

A page like below will open




Enter the keywords and you will get the address of the nearest branch