Check your Union Bank car loan eligibility. Rate: 8.70 - 10.70% p.a. Max amount: ₹75 L.
Union Bank of India offers car loan at an interest rate of 8.70 - 10.70% p.a. with a maximum tenure of 7 years. The maximum loan amount is ₹75 L with a minimum monthly income requirement of ₹20,000.
| Loan Amount | Monthly EMI | Total Interest | Min Income Required |
|---|---|---|---|
| ₹3 Lakh | ₹6,184 | ₹71,040 | ₹10,850/mo |
| ₹4 Lakh | ₹8,245 | ₹94,700 | ₹14,465/mo |
| ₹5 Lakh | ₹10,307 | ₹1,18,420 | ₹18,083/mo |
| ₹6 Lakh | ₹12,368 | ₹1,42,080 | ₹21,699/mo |
| ₹7 Lakh | ₹14,429 | ₹1,65,740 | ₹25,315/mo |
| ₹8 Lakh | ₹16,490 | ₹1,89,400 | ₹28,930/mo |
| ₹9 Lakh | ₹18,552 | ₹2,13,120 | ₹32,548/mo |
| ₹10 Lakh | ₹20,613 | ₹2,36,780 | ₹36,164/mo |
Union Bank Car Loan interest rate ranges from 8.70 - 10.70% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
Union Bank offers a maximum car loan of ₹75 L with a tenure of up to 7 years.
The processing fee for Union Bank Car Loan is ₹1,000 + GST.
Union Bank Car Loan prepayment policy: Nil after 12 months.
The minimum monthly income required is ₹20,000. Use the calculator above to check your exact eligibility based on your income.