City Union Bank Car Loan

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

City Union Bank Car Loan Key Features

City Union Bank Car Loan Interest Rate 7.35% per annum
Min Loan Amount ₹ 100,000
Max Loan Amount
(Loan to Value)
Loan up to Rs. 5 Lakhs
Loan Tenure 1 year to 7 years
Lowest EMI / Lac ₹ 2,353
Minimum Net Monthly Income ₹ 20,000
Minimum ITR for Self Employed ₹ 300,000
Age Criteria Salaried: 21 years to 70 years
Self Employed: 21 years to 75 years
Types of Cars For All New Passenger Cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicle (SUVs).
Processing Fee 0.40% of the principal amount
Foreclosure Charges NIL
Basic Documentation ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation

About City Union Bank Car Loan

City Union Bank is an Indian Bank previously known as The Kumbakonam Bank Limited. It was incorporated as a limited company on 31 October 1904. Also, it is the oldest private sector bank in India.

City Union Bank Bank provides Car Loans at reasonable rates of interest to the consumer for buying their dream car either new or second hand. It is an easily available loan which can get who have a good credit/CIBIL score.

Advantages of City Union Bank Car Loan

City Union Bank Car Loan

City Union Bank Car Loan Eligibility

Salaried Individual
  • Age – 21-70 years of age
  • Net Monthly Income – should be minimum ₹ 20,000
  • Employment Duration – Minimum 1 year
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 21-75 years of age
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Applicant should have a vintage of at least 6 months
  • Average Quarterly Balance – Minimum Rs.1 lakh for last 2 quarters
  • Maximum Loan Amount – 3 X Average Quarterly Balance of Last 2 quarters

City Union Bank Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate 7.35% p.a. 14.50% p.a.
Processing fee 0.40% of the principal amount Up to 1.25% of the loan amount
Issuance of Duplicate Repayment Schedule Charges Rs.500 per instance Rs.500 per instance
Foreclosure Charges NIL NIL
Penal Interest 2% per month 2% per month
Part Payment charges 5% of the paid amount 5% of the paid amount
Cheque/Instrument Swap Charge Rs.500 per instance Rs.500 per instance
Documentation Charge Rs.500 per instance Rs.500 per instance
Issuance of Duplicate No Dues Certificate Charges Rs.500 per instance Rs.500 per instance
Registration Certification Collection Charge Rs.200 per instance Rs.200 per instance
Cheque Bounce/Instrument Return Charges Rs.500 per instance Rs.500 per instance
Issuance of Duplicate Statement Charges Rs.500 per instance Rs.500 per instance
Loan Cancellation/Re-booking Charges Rs.2,500 per instance Rs.2,500 per instance
Issuance of Credit Report Rs.50 per instance Rs.50 per instance

City Union Bank Car Loan Documents Required

Salaried Individual

Category Documents Required
Identity Proof

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof

(Any 1)

Birth Certificate
Passport
Driving Licence
PAN
Signature Proof

(Any 1)

Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Work Experience Certificate
ITR of Form 16
Salary Slip with Joining Date
Appointment Letter
Letter of Relieving

Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1) Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Business Proof Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents Authority Letter/PAN cards

2. Private Limited/Limited Companies

Category Documents Required
Identity Proof Copy of Latest MOA
Copy of Incorporation
Copy of Latest AOA
Address Proof (Any 1)
Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents
List of Directors and Shareholding Partners
PAN Card
Board Resolution
Certificate of Commencement of Business for Ltd. Co.

City Union Bank Car Loan EMI Calculator

An applier has the option to know the EMI’s before availing a Car Loan. Thus, you can easily know the EMIs through the link below:

Car Loan EMI Calculator

City Union Bank Car Loan Types

City Union Bank offers different types of car loans to its customers. You have the choice of choosing the offer which suits your need the best. It offers the following types of Car Loans:

  1. New Car Loan –  If you want to buy a new car, this is the scheme for you. You can take City Union Bank Car Loan for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
  2. Used Car Loan – If you want to buy a used car then you can choose this scheme which offers a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
  3. Loan Against Car – You can choose this scheme if you are in need of urgent funds where you can keep your cars as collateral with the bank.

City Union Bank Car Loan Pre Calculated EMI

How to Apply for City Union Bank Car Loan?city union bank car loan

  1. Visit Dialabank and fill a form.
  2. Our Relationship Manager will call you and guide you throughout the process.
  3. You can compare different offers from banks and opt for the one which suits your needs.
  4. Thus,  you can easily apply for a Car Loan through Dialabank and enjoy best offers.

City Union Bank Car Loan for Top Selling Cars

Other Available Products from City Union Bank

City Union Bank Personal Loan City Union Bank Gold Loan City Union Bank Home Loan
City Union Bank Credit Card City Union Bank Two Wheeler Loan City Union Bank Education Loan

FAQs for City Union Bank Car Loan

✅ What is City Union Bank Car Loan?

City Union Bank Car Loan is a financial product offered for buying a car whether a new or used.

✅ How can I get Car Loan from City Union Bank?

You can avail a car loan from City Union Bank by visiting the nearest branch of City Union Bank. You will get satisfaction to apply from anywhere and get car loan approval faster.

✅How does City Union Car Loan work?

City Union Bank offers car loan at attractive interest rates. You can get a car loan easily and quickly. City Union Bank provides flexible loan tenure duration.

✅What is the Car Loan Interest Rate in City Union Bank?

The interest rate charged by City Union bank for a car loan starts at 7.35%.

✅How to check Car Loan status in City Union Bank?

You must visit the City Union Bank branch to check your car loan status. Also, you can use the net-banking facility of City Union Bank.

✅How to Calculate Car Loan interest in City Union Bank?

For the calculation of your car loan interest in City Union Bank, the information required is:

  • Loan tenure
  • Loan amount
  • Interest rate

You can calculate car loan interest and EMI for City Union Bank using the EMI calculator.

✅What is the maximum loan amount I can avail on Car Loan from City Union Bank?

You can avail a maximum loan amount for a car loan from City Union Bank is up to Rs. 5 lakhs.

✅What is the loan tenure of City Union Bank Car Loan?

The loan tenure duration for a car loan from City Union Bank ranges from 1 to 7 years.

✅Can I get 100% Car Loan from City Union Bank?

You can get a loan up to Rs. 5 lakhs for a car loan from City Union Bank. To avail a 100% Car loan, you must visit the online platform of Dialabank.

✅How much processing fee is applicable on City Union Bank Car Loan?

City Union Bank charged a processing fee is 0.40% of the principal amount for getting a car loan.

✅What are the EMI options available on City Union Bank Car Loan?

Your car loan EMIs are automatically subtracted from your bank account. Also, you can pay your car loan EMI through the net banking facility of City Union Bank. Also, pay using post-dated cheques.

✅What are the charges for Prepayment in City Union Bank Car Loan?

City Union Bank does not have prepayment charges for availing a car loan.

✅Can I get a top-up loan on my existing City Union Bank Car Loan?

Yes, you can get a top-up loan on your existing City Union Bank car loan. Also, get a top-up car loan by visiting the online platform of Dialabank.

✅Do I need to provide a guarantor to avail a car loan from City Union Bank?

Yes, you can avail a guarantor for getting a car loan from City Union Bank. It will increase your car loan eligibility.

✅How to get the City Union Bank Car Loan Statement?

For getting a car loan statement of City Union Bank, you can use City Union Bank’s mobile banking app. Also, you can visit the nearby City Union Bank branch.

✅How to pay City Union Bank Car Loan interest online?

You can pay your car loan interest through the net-banking services of City Union Bank. If you want a low-interest car loan, you must visit Dialabank online.

✅What if I can’t pay the interest on City Union Bank Car Loan for 3 months?

If you can’t pay the interest on City Union Bank Car Loan for 3 months, then it will be added to the outstanding loan amount and repayment charges will reframe.

✅How can I apply for EMI Moratorium on City Union Bank Car Loan?

You can apply for EMI Moratorium on City Union bank through visiting the nearby branch of City Union Bank or you can submit a request through an email. Also, if you want relief for the balance duration, you must apply through Dialabank.

✅What is the number for City Union Bank Car Loan agent?

The number for City Union Bank Car Loan agent is 044-71225000.

✅Can I close City Union Bank car loan online?

Before the closing of car loan, you have to pay your car loan amount. You can close your car loan from City Union Bank through the net-banking page of City Union bank. You have to log in with your details on the net -banking page and pay your car loan.

✅What is City Union Bank Car Loan Customer Care Number?

The customer care number of City Union Bank for car loan queries is 044-71225000.

✅How can I get NOC from City Union Bank for a car loan?

You can get a car loan NOC from City Union bank when you have paid your outstanding loan amount.

Table of Contents

Menu