Check your Union Bank bike loan eligibility. Rate: 12.20 - 14.50% p.a. Max amount: ₹3 L.
Union Bank of India offers bike loan at an interest rate of 12.20 - 14.50% p.a. with a maximum tenure of 5 years. The maximum loan amount is ₹3 L with a minimum monthly income requirement of ₹15,000.
| Loan Amount | Monthly EMI | Total Interest | Min Income Required |
|---|---|---|---|
| ₹50K | ₹1,665 | ₹9,940 | ₹2,922/mo |
| ₹75K | ₹2,498 | ₹14,928 | ₹4,383/mo |
| ₹1 Lakh | ₹3,331 | ₹19,916 | ₹5,844/mo |
| ₹1.5 Lakh | ₹4,996 | ₹29,856 | ₹8,765/mo |
| ₹2 Lakh | ₹6,662 | ₹39,832 | ₹11,688/mo |
| ₹2.5 Lakh | ₹8,327 | ₹49,772 | ₹14,609/mo |
| ₹3 Lakh | ₹9,993 | ₹59,748 | ₹17,532/mo |
Union Bank Bike Loan interest rate ranges from 12.20 - 14.50% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
Union Bank offers a maximum bike loan of ₹3 L with a tenure of up to 5 years.
The processing fee for Union Bank Bike Loan is 0.50% + GST.
Union Bank Bike Loan prepayment policy: Nil after 6 months.
The minimum monthly income required is ₹15,000. Use the calculator above to check your exact eligibility based on your income.