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Union Bank of India was established on 11th November 1919 with its headquarters in the city of Bombay now known as Mumbai. The Head Office building of the Bank in Mumbai was inaugurated by Mahatma Gandhi, the Father of the nation in the year 1921. Union Bank has been playing a very proactive role in the economic growth of India and it extends credit for the requirements of different sectors of economy. Industries, exports, trading, agriculture, infrastructure and the individual segments are sectors in which the bank has deployed credit to spur economic growth and to earn from a well diversified portfolio of assets. Now you can fulfill your dreams of owing a vehicle by availing Union Miles. You 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. To know more, follow some simple steps given below to get best interest rates.
At least 18 years old
No Maximum Age Stipulation
Salaried or self-employed
with regular income
Earn more than the minimum
Minimum income required
Rs.20,000 per month
Loan capped @
85% of the ex-showroom price
EMIs of other loans lower
Pay off your credit card bills
Choose longer tenure loan up to 7 years
|Interest Rate||10.45% fixed. I-Base – 10.00%|
|Loan Tenure||1 year to 7 years|
|Guarantor Requirement||Guarantor required|
|Processing Fee||0.50% of the loan amount, subject to maximum of Rs. 6,000 plus service tax as applicable|