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| Auto Loans |
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| Union Bank |
autocityindia.com
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| Min. Amount(Rs.) |
Max. Amount(Rs.) |
Min. Period(Yrs) |
Max. Period(Yrs) |
Interest Rate(%) |
Max. Finance(%) |
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| NA |
800,000 |
1 |
5 |
13 |
100 |
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| List of Cars financed by UNION BANK |
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| FEES/CHARGES |
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| Processing Fee |
: NULL |
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| Advance Payment |
: NULL |
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| Other Upfront Payment |
: NULL |
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| Prepayment charge |
: NA |
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| DOCUMENTATION / SECURITY |
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| Documentation |
: - Photograph of borrower.
- Valid proof of residence.
- Proof of income.
- Copy of Pass book/Account statement giving details of last six months in case banking with any other bank.
- Proforma invoice for the asset to be purchased.
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| OTHER INFO. |
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| Basis |
: Annual reducing balance |
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| Additional Info. |
: Not Available |
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| Repay Method |
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25% of total cost as down payment for cars. The rest in Equated Monthly Installments through post-dated cheques, limited to a maximum repayment period of 60 months for cars.
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| Special Features |
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Choice of repayment term is left to the individual and loan is repayable by easy Equated Monthly Installments.
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