United Bank of India is a government-owned bank in India, which had been nationalised in 1969. Its origin began with the merger of Bengal Central Bank Ltd., Comilla Banking Corporation Ltd., Hooghly Bank Ltd. and Comilla Union Bank Ltd., to form the United Bank of India Ltd. in 1950. At present, it has about 1999 branches and a wide network of easily accessible ATMs across India.
United Bank of India provides car loans for the purpose of purchase of a new car for private use and not for commercial use/rentals. It offers special benefits on availing a car loan, such as: low processing fee of just 0.50%, higher loan quantum of up to Rs. 30 lacs for individuals and in case of Non-Individual, the loan amount can be as high as Rs. 40 lacs.
Those individuals who have a Fixed Deposit Account, Savings Account or Current Deposit account in United Bank of India, are eligible to apply, if they meet the following eligibility criteria:
There are many important factors that are considered by banks while evaluating an applicant’s eligibility for a car loan approval from United Bank of India. They are:
You can increase your United Bank of India Car Loan eligibility by keeping a few important factors in mind. By ensuring effectively that your credit history is good, you can increase your car loan eligibility. In order to be creditworthy, an applicant must have a good CIBIL Score and income portfolio. Your CIBIL score will be affected by various factors and in order to ensure a good score, follow a few simple steps:
If you want to make sure whether or not you are eligible for a car loan from United Bank of India, you can use the Online Car loan eligibility calculator tool which offers the simplest solution to this problem. The car loan eligibility calculator would assist you in understanding the eligibility criteria and all you have to do to find out your eligibility is to key-in the information asked for in the questionnaire. This tool is convenient and easy to use as well as gives you results in an instant! The details to enter in the car loan eligibility calculator includes type of car/model of your choice, price of the car, your date of birth, income, type of employment (salaried/self-employed), etc. and click on “calculate”. The tool will then project your eligibility for the loan, the loan amount and tenure that you are eligible for, etc.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.